Thats Generous. How much are the franking credits worth?
The AFR article the other day was interesting in that the company commented that the recent earnings are unsustainable. If that is the case, why not explain to shareholders why?
"MMA Offshore’s board, chaired by former Western Areas chairman Ian Macliver, would know the scheme is in danger of being voted down at the July 1 meeting. So, too, would management, who have spoken to select investors recently and explained why they think the recent earnings uptick is unsustainable and why the board is backing the bid."
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Ann: Trading Halt, page-29
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