the money is not 'returned' to them - it was never their money. The company earned it, the company paid tax on it, then the company paid dividends from the left-over cash.
Anyone can still offset this imputation amount against a taxable income. No questions, no issues. But those few (in the scheme of the nation they are a minority) who specifically structured their affairs to take advantage of this law - will now have to restructure again.
The attitude that it is all so hard, when it is a recent law that people have specifically structured their finances to take advantage of (as is their right, and as they should) - is a little odd. If you want the franking credits earn an income, make more capital gains or chase non-franked dividends... (or the other million ways to make money).
Back to the stock - I do wonder what price of IO is factored into the SP. Gut feel is around $90-95 USD. If it spikes above $100 as expected late next week, I'd expect to see a recovery (if we drop) or further spike (if we hold above $6).
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Last
$18.49 |
Change
0.390(2.15%) |
Mkt cap ! $56.93B |
Open | High | Low | Value | Volume |
$18.32 | $18.62 | $17.94 | $159.1M | 8.651M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 150 | $18.46 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.50 | 4305 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 46 | 18.430 |
1 | 100 | 18.420 |
1 | 54 | 18.410 |
5 | 7077 | 18.400 |
1 | 2100 | 18.390 |
Price($) | Vol. | No. |
---|---|---|
18.500 | 4055 | 3 |
18.540 | 1000 | 1 |
18.570 | 9999 | 1 |
18.580 | 1500 | 1 |
18.600 | 2865 | 2 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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