Australia's largest stock trading and investment forum Australia's #1 stock forum

ATP

Click for more information

1.02%

9.7¢ atlas pearls ltd

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

First 94 Last

Share
Profile

Follow
Septic14

6 Posts.

1

10/01/24

15:53

Post #: 71815576
Share

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

Expand

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
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 144 more messages in this thread...

First 94 Last

Add ATP (ASX) to my watchlist

(20min delay)
Last 9.7¢		Change -0.001(1.02%)		Mkt cap ! $42.06M

Open	High	Low	Value	Volume
10.5¢	10.5¢	9.7¢	$224.3K	2.237M

Buyers (Bids)

No.	Vol.	Price($)
2	14153	9.7¢

Sellers (Offers)

Price($)	Vol.	No.
9.9¢	290545	1

View Market Depth

No.	Vol.	Price($)
2	52000	0.097
1	9800	0.096
4	138694	0.095
2	130001	0.094
1	200000	0.092

Price($)	Vol.	No.
0.096	10000	1
0.097	387	1
0.098	15000	1
0.099	290545	1
0.100	100000	1

Last trade - 16.10pm 16/05/2024 (20 minute delay)


Last 9.9¢			Change -0.001 ( 0.00 %)
Open	High		Low	Volume
10.5¢	10.5¢		9.9¢	813092
Last updated 15.59pm 16/05/2024 ?

ATP (ASX) Chart