Went back and looked at your original forecast and you did use a corporate tax rate of 27.5% and yes PBT and NPAT do reconcile to a 27.5% tax rate. So are you saying your revised forecast for FY 20 is materially understated and should be in the order of $3.2 m ??
Agree on the dividend front and large store of valuable franking credits to pay fully franked dividends.
DYOR
Clare
EGL Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
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