According to my back of envelope calculations (part 5 ?) of the...

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    According to my back of envelope calculations (part 5 ?) of the takeover and after a favorable ruling from the Tax Office there can be $1-14 extra fully franked dividend. These type of rulings have always, in the past, been favorable in this type of takeover.

    Here are my calculations. Amount in the franking account from the 2014 annual report $70,506,000
    2013 54,132,000
    -----------------
    $16,374,000 increase over year.
    So let's say there is approximately $80,000,000, including this half profit, ripe for distribution.
    So the formula is 7/3 (the 30% tax rate) multiplied by $80,000,000 divided by the number of shares 162,992,000.
    =$1-14.
    Any comments, folks.
 
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