VRL verity resources limited

is it true that another $1 is coming after sep, page-8

  1. 1,999 Posts.
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    Anyone selling from Monday would still get the dividend.

    Some selling this week, will probably have done so to get a benefit from the dividend and franking credit.

    e.g.
    Buy VRL on Friday $4.08
    Sell VRL on Monday $3.08
    They will get $1.00 (0.80 div & 0.20 cap rtn) on the 19th July. So looks like a null sum game, but the div comes fully franked so if you have a marginal tax rate less the 30% you will get all or a potion of the 34 cent franking credit back from the tax office on your 2012 tax return. (So like getting $1.34 instead of just $1.00)

    Some that sold last week may have felt that VRL SP would drop more than $1.00 after it went ex. (i.e. lower than $3.00), who knows why some people make these decisions. Maybe some are in a high tax bracket and didn't want the dividend as they would then have to be additional tax (even with the franking credit). Me I just try my best to understand the system and make decisions based on how I see the company and SP performing and not get caught up in someone else's tax game or other.
 
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Last
2.1¢
Change
0.001(5.00%)
Mkt cap ! $5.867M
Open High Low Value Volume
2.1¢ 2.1¢ 2.0¢ $24.12K 1.149M

Buyers (Bids)

No. Vol. Price($)
1 199999 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 48000 2
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Last trade - 16.11pm 27/06/2025 (20 minute delay) ?
VRL (ASX) Chart
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