It appears by looking at the franking credit implied in the tax value of buy back (24.14) that not the entire Dividend Component is franked. If it was the tax value should have been close to 25.
Does that mean they have run out of their entire franking credit balance. Again shows poor planning if they only had enough fc to support a 14% or 10% discount.
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It appears by looking at the franking credit implied in the tax...
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