ERM has always had a complicated taxation strategy, largely due to the politics.
Motley Fool today said that the "move makes good sense" and said it will bode well for dividends and the impact will be mitigated from previous years tax losses.
I'm not sure why this has dropped so much? There is likely a bunch of punters who've been wanting to cash out after recent gains anyways.
Ann: ERM Power announces LGC Fulfilment Plan for 2016, page-20
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