The aussie credits PPP has will be from the old Tubridgi gas plant they used to operate profitably.
You also raise a good point about the NZO div being more tax efficient for Aussies than any unfranked ones from PPP, you get non-resident with holding tax credits from NZO, which I assume are still at 15%.
Therefore better sell PPP and buy NZO, LOL.
Disclaimer: My knowledge of taxation is limited to my own past experience as a shareholder who has been resident on both sides of the ditch.
EL
PPP Price at posting:
33.5¢ Sentiment: Hold Disclosure: Held
