I have another question :
(Speaking of dividends which here seem to always come with 100% franking credits)
What is NRW’s position with regards framing credits please?
Especially with respect to this story I saw posted over at FMG by @ramon here
Link:
https://www.theaustralian.com.au/bu...s/news-story/532b37fe62be1d49cf3c62fe629a5d58
“Companies hoarding $45bn in franking credits
James Kirby
DECEMBER 14, 2018
A staggering $45 billion worth of franking credits are being hoarded by some of Australia’s biggest companies and demands to release them before an ALP government comes to power are rising fast.
New research on some of our biggest stocks reveals companies such as Rio, Fortescue and Caltex have a treasure trove of stored up franking credits. In an extreme example, Harvey Norman’s franking credits are equal to 14 per cent of the retailer’s $3.7bn market value.
But these credits will be useless to a significant shareholder segment if the ALP wins the next election, as the opposition plans to scrap the cash rebates retiree investors receive on franking credits despite franked shares making up the backbone of most small shareholder portfolios.
“If franking credit was a listed company, it would rank as the seventh biggest company in Australia,” says Hasan Tevfik, a senior analyst at MST Marquee who has run the numbers on the ASX. Tevfik’s research shows major companies are hanging onto franking credits when there appears to be very little reason to do so..........”
etc
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