Asciano has said that the dividends will be "both tax deferred, partly and fully franked dividends", it has excluded unfranked, so it is reasonable to expect a relatively high degree of tax sheltering
I fail to see how the fact that the group hasn't paid a dividend in its current incarnation affects the implied yield on the securities, the assets are well established and growing, so simply because it is a 'forecast' yield does not discount my expectations.
AIO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
