30 June has been and gone now, so the tax loss selling is over...

30 June has been and gone now, so the tax loss selling is over and the real buying can begin (or perhaps in reality already took place last week).

Someone did a great job walking this down and I am sure they mopped up a lot of stock. Plus I suspect there were a lot of natural tax loss sellers from the recap from earlier in the year with an entry point of $5+. Any of those instos who participated in the recap who have CGT issues would most certainly have been crystallising their losses for the current tax year just ended.

I would be very surprised if they dropped their dividend for the year of forecast 30cps. Bear in mind that although the NGPL profits may be down, I strongly suspect increased throughput at DBCT compared to same time last year is considerably more.

What I will be interested to see is a clean set of books at 30 June with all the past put behind them. Then we will get a proper view of how profitable this company is.