That is a historical carry-over. At 31/12/23 they still had $114.2m of gross carry-forward tax losses to chew through, which they will no doubt use in full through the next 6 months.
It will be interesting to see Miningnut's views, but a quick analysis based on this half year, shipping rates, current prices and hedging book suggests they will have about $55m of "net" taxable income for FY24 on which they will actually pay tax on - leaving maybe a $17m franking credit balance at 30th June.
If correct, that would be sufficient to pay up to 3.0c per share franked dividend when they report at full year.
- Forums
- ASX - By Stock
- MGX
- Half Year P&L prediction
Half Year P&L prediction, page-25
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGX (ASX) to my watchlist
(20min delay)
|
|||||
Last
32.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $389.5M |
Open | High | Low | Value | Volume |
32.5¢ | 32.8¢ | 32.0¢ | $128.9K | 399.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 146010 | 32.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.5¢ | 84250 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 146010 | 0.320 |
8 | 259631 | 0.315 |
12 | 742616 | 0.310 |
5 | 96334 | 0.305 |
6 | 154000 | 0.300 |
Price($) | Vol. | No. |
---|---|---|
0.325 | 84250 | 3 |
0.330 | 184229 | 7 |
0.335 | 277778 | 6 |
0.340 | 196714 | 5 |
0.345 | 217734 | 5 |
Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |