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1.3¢ otto energy limited

Tax losses... are most likely worthless. OMG ! I agree it's not...

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anglo-norman

1,121 Posts.

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16/08/23

06:55

Post #: 69358805
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Originally posted by gdn001: ↑

Tax losses may contribute, and they certainly would have marketed Otto to most mid-cap Australian O&G companies, but I can't see tax losses playing a (significant) role, therefore they are most likely worthless, or worth a very modest amount at best, imo.
Specifically,
the most likely high bidders are unlikely to be able to use Australian tax losses
the ATO can disallow the tax losses if they deem a transaction is in part to gain a tax advantage.

Otto could sell some assets, and keep some assets, but the less assets kept, the more likely the ATO would disallow the tax losses.

In addition, I believe that if Otto sells the USA corporate entities which hold each asset for more than book value, profit/gains in Australia and would use some/most/all tax losses.
We can always dream that all losses are used, and we have to pay some tax

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Tax losses... are most likely worthless. OMG !
I agree it's not automatic and subject to much scrutiny. But if OEL finds a suitable solution (legal framework), they could be a game changer.
I am sure their lawyers are working on it

A-N
OEL Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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Last 1.3¢		Change 0.000(0.00%)		Mkt cap ! $62.33M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.3¢	$9.1K	700K

Buyers (Bids)

No.	Vol.	Price($)
14	12179048	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	15060860	16

View Market Depth

No.	Vol.	Price($)
14	12179048	0.012
8	4907271	0.011
7	14275452	0.010
2	1375122	0.008
2	166837	0.006

Price($)	Vol.	No.
0.013	15060860	16
0.014	5358893	11
0.015	4956622	7
0.016	2000000	1
0.017	72000	1

Last trade - 15.54pm 03/10/2024 (20 minute delay)

OEL (ASX) Chart