AZZ Tax Payable

I have looked thought the 2014 Annual report and see that there was a loss of $127,616,000AUD.

Assuming that the current assets have a nil cost base and are sold for $250,000,000USD the capital gain is $229,526,857. If we work on a 30% Australian Company tax rate the worst case tax liability on this sale is $68,850,057.

I saw worst case as I am sure there will be additional losses this year and that there will be a substantial cost base of theses assets.

I see the price is up today 25% on reasonable volume. Lets hope this is the start of a rerating.