News: EGN Engenco Says Documentation With NAB Executed To Provide Co With Debt Facilities, page-8

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Lindo

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10/02/19

19:07

Post #: 37391505
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Originally posted by hcosah: ↑

Keep in mind that for corporate shareholders a dividend is effectively tax neutral because the franking tax offset is usually the same as the liability from the dividend. The corporate can use franking offsets to reduce its income tax liability to zero but cannot receive a refund the way that personal tax payers currently do. Accordingly, the tax treatment for Elph (60% owner) will not change. For this reason I think it is unlikely that we will see an increased dividend based on franking credits alone.

Since resuming payment of dividends EGN has been quite conservative in its payout ratio (<20% in 2017 and 2018). Additionally, no interim dividends have been paid. There is certainly scope for an increasing the payout given the low debt position, building cash levels, steady capital requirements and lack (to date) of acquisition activity. My preference is that they might secure some growth opportunities but in the absence of such there should absolutely be increased dividends, But unfortunately, on recent form, the answer to that might be as far away as August.

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HI MUTT -hcosah Very good comments ,its very positive when invested in a company like EGN , I am sure we can share more thoughts about growth opportunities and dividends.

Back to RCR all the land that the factories sat on were leased back by RCR , as management had sold them off to grow cash flow , just how smart ?

EGN Price at posting: 54.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 30.5¢		Change 0.000(0.00%)		Mkt cap ! $96.37M

Open	High	Low	Value	Volume
30.5¢	30.5¢	30.5¢	$280	919

Buyers (Bids)

No.	Vol.	Price($)
1	14081	30.5¢

Sellers (Offers)

Price($)	Vol.	No.
31.0¢	63648	3

View Market Depth

No.	Vol.	Price($)
1	14081	0.305
3	191667	0.300
2	162835	0.295
1	35714	0.280
0	0	0.000

Price($)	Vol.	No.
0.310	63648	3
0.315	3500	1
0.000	0	0
0.000	0	0
0.000	0	0

Last trade - 13.23pm 16/06/2025 (20 minute delay)

EGN (ASX) Chart

News: EGN Engenco Says Documentation With NAB Executed To Provide Co With Debt Facilities, page-8

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