and another.., page-2

The hidden value in CIX is the significant amount of tax losses and franking credits they have.

The problem was how long would it take to etch out a profit prior to accessing these. This acquisition will see profit of $7-$8 million in the first year.

Tax credits will be accessible and CIX will now pay 13% of the normal tax rate under the combined entity.

Plenty to like about this, especially with AU becoming a substantial holder.

I expect to see CIX trade above 60c in the short term as a result.