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Labor hypocricy on franking credits exposed, page-21

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boomeronrations

6,852 Posts.

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27/02/19

21:47

Post #: 37594016
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Originally posted by boomeronrations: ↑

Hi Yogi,
If we assume the 2.5m refund cheque existed, and I think it probably did,
One mechanism for its production that I can think of , is a large amount of shares put into an off market buyback, where the dividend component of the buyback price was high.
Without checking, there are probably a few buybacks back then, where 15 million bucks worth could have done it.
cheers

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Hi Again,
Last post sounds plausible, except I forgot about scale-backs.
Back in my box.
cheers
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