Jordy1,
The only blemish for CVN is the Thai royalties - I think they lose a whopping >60% as royalties. I'm not sure if they than have to pay Thai tax above that, or if it is included.
They then pay Aust tax (discounted for tax paid in Thailand I think).
Agree CVN is a great company and I am gutted I missed out at sub-30c (no money to buy at the time) - but it is important to factor in to any fundamental analysis.
