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10.5¢ atlas pearls ltd

Ann: Kobe Auction Result and Sales Update, page-94

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Septic14

9 Posts.

1

10/01/24

15:53

Post #: 71815576
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Originally posted by Bigstockpunter: ↑

My view is that no dividend will be paid. They basically exhausted their franking account with the last dividend and won't pay any tax to generate franking credits until the tax return is lodged for FY24 (lodgment will be sometime in FY25).

It would therefore be more efficient from a tax perspective to return funds to shareholders by an on-market buy back and start paying dividends when franking credits are available. Of course, an unfranked dividend could be paid but this will mean that funds are distributed in a most tax inefficient manner.

Time will tell.

Best

BSP

NFA, DYOR, GLTAH

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divvies without franking credits are no disadvantage to us NZ shareholders, so highest cash divvy is best for me

ATP Price at posting: 16.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 10.5¢		Change -0.015(12.5%)		Mkt cap ! $45.53M

Open	High	Low	Value	Volume
11.5¢	11.5¢	10.5¢	$45.44K	406.8K

Buyers (Bids)

No.	Vol.	Price($)
5	471888	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.5¢	26256	1

View Market Depth

No.	Vol.	Price($)
4	461888	0.105
8	301790	0.100
1	100000	0.099
2	59974	0.097
1	104166	0.096

Price($)	Vol.	No.
0.115	26256	1
0.120	237286	3
0.125	676917	6
0.130	451186	6
0.135	116256	3

Last trade - 16.10pm 06/06/2024 (20 minute delay)


Last 11.0¢			Change -0.015 ( 4.35 %)
Open	High		Low	Volume
11.5¢	11.5¢		11.0¢	82230
Last updated 14.24pm 06/06/2024 ?

ATP (ASX) Chart