easy money, page-16

Moloch, Thanks for pointing that out.
New calculations something like this, with cost base added as well

	Column 1	Column 2
0	DISTRIBUTION
1	Sale proceeds	$71,500,033
2	less past losses & cost base	-$6,649,097
3	Taxable income	$64,850,936
4	Taxc at 30%	-$19,455,280.65
5	available for dist	$52,044,751.85

	Column 1	Column 2	Column 3	Column 4
0	Distribution rate	100%	90%	85%
1	Amount per share	$0.49	$0.44	$0.41
2	Plus Franking credit	$0.21	$0.19	$0.18
3	Total income	$0.70	$0.63	$0.59
4
5	Tax Rate	After tax	After tax	After tax
6	0%	$0.70	$0.63	$0.59
7	10%	$0.63	$0.56	$0.53
8	15%	$0.59	$0.53	$0.50
9	30%	$0.49	$0.44	$0.41

So figures become even more attractive to me to wait for the franking credit.

Wonder whether all the recent activity points to a sale before 30/6/16