That comment shows a complete misunderstanding of the franking credit system and what the Labor party was proposing. The proposed changes materially would have impacted individuals on low range income from their investments from $0 up to $37k per annum. Twiggy would likely have tens of millions in earnings per annum that are taxable. the proposed changes to franking would not make an impact on the Chairman what so ever. the board decided to do it to reward those investors on the lower incomes that would have got hit and hit hard. why waste the franking credits for lower income earners if there was risk they would be taken off them? The special dividend was a solid decision under the circumstances. it also shows the market exceptional confidence from the board in the prospects of this company that has now turned into a massive cashflow machine.
That comment shows a complete misunderstanding of the franking...
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Last
$25.66 |
Change
0.090(0.35%) |
Mkt cap ! $79.00B | |||
| Open | High | Low | Value | Volume |
| $25.72 | $25.86 | $25.63 | $77.37M | 3.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11417 | $25.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.70 | 2000 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$25.72 |
Change
0.090 ( 0.55 %) |
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| Open | High | Low | Volume | ||
| $25.72 | $25.86 | $25.64 | 785342 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| FMG (ASX) Chart |