DCL 0.00% 1.1¢ domacom limited

I don't think this has turned out to be, in Arthur's words " The...

  1. 436 Posts.
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    I don't think this has turned out to be, in Arthur's words " The Holy Grail".


    IMO they had a two out of three loss on Appeal. Please read the judgement. At the end of the day the rental to Chris Benson's daughter is pretty irrelevant. I think the findings were still that it was a "in house asset" because of the 5% Rule. IMO in terms of opening this up as a precedent, I don't think its really going to have a bearing.


    I think {IMO} its contrary to the ATO's/ Governments intention for the Legislation. Its not really going to be panacea for the creation a " Socially Resposible outcome for Millenniums to get a toe hold on the property ladder."


    With regard to your question about Domacom being out of the woods, I'd refer that one to the CEO and the Chairman at the AGM.  I can only refer you to a quote by Arthur a few months ago "Mr Naoumidis advised shareholders to "relax" and not worry about the stock price because it would eventually "reflect our business".



     
 
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