This is what I was after in the report. The tax losses have reduced from $1.3B to $710M so if the EBIT forecast for first half eventuate the tax losses could be wiped out and future 50c dividends can be given out franked. I was surprised by the size of the dividend as depending on your own financial position you could be paying half back in tax. I'm not really happy about the buyback as we probably won't get really good value at current prices and the number on shares on issue at around 500M is under control. I suppose you have to do something with all this money. (maybe buy Iron Ore and Coal mines)
As at 30 June 2021, the BlueScope Australian
consolidated tax group is estimated to have carried
forward tax losses of approximately $710M, which are
all recognised on the balance sheet. There will be no
Australian income tax payments until these losses are
recovered.
Ann: Preliminary unaudited FY21 underlying EBIT of approx $1.72Bn, page-32
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$20.43 |
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Mkt cap ! $8.990B | |||
| Open | High | Low | Value | Volume |
| $20.32 | $20.58 | $20.15 | $35.06M | 1.717M |
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|---|---|---|
| 2 | 308 | $20.42 |
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|---|---|---|
| $20.43 | 3123 | 2 |
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