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7.14%

10.5¢ atlas pearls ltd

divvies without franking credits are no disadvantage to us NZ...

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Septic14

7 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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(20min delay)
Last 10.5¢		Change 0.007(7.14%)		Mkt cap ! $45.53M

Open	High	Low	Value	Volume
10.0¢	10.5¢	10.0¢	$7.757K	76.31K

Buyers (Bids)

No.	Vol.	Price($)
4	197596	10.0¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	109765	4

View Market Depth

No.	Vol.	Price($)
4	197596	0.100
1	441143	0.098
2	35460	0.097
1	104166	0.096
6	284493	0.095

Price($)	Vol.	No.
0.110	109765	4
0.115	113642	3
0.120	189774	5
0.125	233636	6
0.130	117795	6

Last trade - 13.59pm 21/05/2024 (20 minute delay)


Last 10.5¢			Change 0.007 ( 6.06 %)
Open	High		Low	Volume
10.5¢	10.5¢		10.5¢	10004
Last updated 13.59pm 21/05/2024 ?

ATP (ASX) Chart