Mooro,
I expect you are right, there are two components of this tax benefit. Each component has some reality and some "vapour ware".
a) The franking credits have real value, but only to the extent they can be distributed with accumulated profit.
b) the bountiful supply of capital losses is only of use to the extent there are capital gains to offset them against.
It would be good if the company explained what the tax benefit was comprised of.
bacci
CDM Price at posting:
76.0¢ Sentiment: Hold Disclosure: Held
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