Re the question of Dividends vs Buy BackI think I read on here...

Re the question of Dividends vs Buy Back

I think I read on here somewhere, that due to the writedowns and tax losses incurred over the past year, OZL will not be able to provide any franking credits for dividends. I think I read that this will be the case for 3 years

That being the case it is probably a better deal for shareholders if OZL does share buyback with what it would have distributed as dividends. Would suit medium to long term holders with respect to capital gains.

Can anuone enlighten me on OZL's tax position.

SP looks cheap at the moment. Anything below 90c I believe is cheap.