it already has affected investors, the domestic Australian 8nvestors are leaving companies like WPL in droves as they realise their Australian assets are subject to geopolitical risk of the ALP taking Government.
the ASX is now consistently underpeforming the S&P and all other major indices due to the franking credit rebate changes, capital gains tax relief changes and negative gearing on margin lending changes IMHO.
Otherwise why is the ASX and WPL not 10% up on current levels in line with global equities and oil stocks?
Ann: Dividend/Distribution - WPL, page-11
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