RED
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0.00% 34.5¢ red 5 limited

Self fullfilling prophesy, page-15

  1. edshann
    2,365 Posts.
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    09/09/24
    11:20
    Post #: 75589999
    They sold the SLR shares in RED at 33.5 cps. They have $500 million in cash. Board can now buy back shares at 28 cps or more and make a profit.

    As there are tax losses and no franking credits this is preferable to unfranked dividends for shareholders who pay tax.
    RED Price at posting: 28.3¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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