Australia's largest stock trading and investment forum Australia's #1 stock forum

TGA

Click for more information

0.00%

$1.17 thorn group limited

corrections:replace "TMC Board" by "RMC Board" .replace "heavy...

First 8 Last

Share
Profile

Follow
swc

71 Posts.

41

31/05/21

19:30

Post #: 53546095
Share

Originally posted by swc: ↑

Assets:
nta = 28.0c .
franking credits per share = 8.4c .

see Note 14 ( p21 ) of Appendix 4E:
expect credit loss provisions to decrease by between $6.4 to $20.5M .
On base case expect a reduction of $10.5M .
This would increase nta by 10.5 / 339.188 = 3.1c per share to 31.1c per share .

see Note 12 of Appendix 4E:
Unrecognized Current tax losses = $48.4M worth $14.5 M .
Unrecognized tax future deductions = $46.2 worth $12.8M .
In FY21 the notional tax expense of $2.519 M on PBT of $8.396M was reduced to zero using tax losses and timing differences.
My point - these unrecognised tax losses are worth something going foward.

Operating Cash flow = + $218.6M .
Reduced borrowings by $150.6M .
Reduced Lease liabilities by $9.5M .
Paid dividend $24.8M .
Increased cash by $$38.4M .

Somers is a 61.9% shareholder in RMC Resimac.
Their man McLeland is Chairman of both TGA and RMC.
Since McLeland was appointed to TMC Board in 10/2016 the share price of RMC has gone from around 40c to around $2.25 .
RMC paid dividends every year McLeland was Chairman despite a heavy Capex spending ( expanding the business ?)

Expand

corrections:

replace "TMC Board" by "RMC Board" .

replace "heavy capex spending ( expanding the business? )" by "negative operating cash flows in FY17 to FY20"

TGA Price at posting: 21.5¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 46, 2024

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

First 8 Last

Add TGA (ASX) to my watchlist

SPONSORED BY