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3.13%

31.0¢ jupiter mines limited.

Ann: Tshipi Declares R2.0 billion Dividend, page-20

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J.W.Pepper

5,920 Posts.

394

10/09/18

12:24

Post #: 35494793
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Originally posted by 6186mark ↑

IMO the tax situation is a little complex and I still think there may be some more tax to be taken out of this dividend. I refer to this section in the prospectus:

View attachment 1282379

I know the latest release says that Jupiter will receive from Tshipi net of all taxes but I still fear that Luxembourg may take up to 20% tax off the dividend before it reaches Australia and our hands. I don't think there is an Australian tax liability, which is good, but also means no imputation possibility.

In summary I think the "0.0498cps" quote above by a poster might be reduced by up to 20%, perhaps down to 4cps, depending on how it works (and I am guessing a bit on this).

Still not bad for a half-yearly dividend, but i advise against spending the dividend before you know exactly what it is

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"Jupiter will receive R1,057,493,815 from Tshipi, net of withholding taxes"

JMS Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
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Last 31.0¢		Change -0.010(3.13%)		Mkt cap ! $607.6M

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Price($)	Vol.	No.
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