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$1.30 rand mining limited

Hope he doesn't run away with all them gold bars before we get...

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albatrosss

20,103 Posts.

639

08/04/24

11:33

Post #: 73236810
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Originally posted by maersk: ↑

Franking credits can only be used if they are attached to dividends, such that shareholders receive them when they receive a dividend.
They aren't cashable except in the hands of receiving shareholders, and even then only convert to cash depending on the holder's tax position.
For example, a zero-tax superfund in pension mode would receive a tax refund each year (which can be paid out to the members) comprising all franking credits received.
A corporate shareholder receives negligible benefit, other than fully-franked dividends become tax-free. A foreign shareholder cannot use Australian franking credits.
My private company has millions of franking credits which I may never use, as do many others.
For TBR and RND shareholders, we need to wait until the dominant shareholder, Anton Billis, decides to liquidate the company and pay out the assets in FF cash dividends. Until then, franking credits build up each year due to the companies tax bills, less the small FF dividends we receive.

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Hope he doesn't run away with all them gold bars before we get some of them

RND Price at posting: $1.46 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.30		Change -0.180(12.2%)		Mkt cap ! $73.93M

Open	High	Low	Value	Volume
$1.44	$1.44	$1.30	$12.58K	9.4K

Buyers (Bids)

No.	Vol.	Price($)
1	5014	$1.30

Sellers (Offers)

Price($)	Vol.	No.
$1.39	90	1

View Market Depth

No.	Vol.	Price($)
1	5014	1.300
1	5000	1.200
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
1.390	90	1
1.425	80	1
1.440	17	1
1.700	1100	1
1.750	7000	1

Last trade - 14.14pm 11/06/2024 (20 minute delay)

RND (ASX) Chart