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  1. #6481
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    $126m of imputation credits of a company with a market cap of $290m is a lazy balance sheet item that is best in the hands of shareholders. They are of no use to the company. Future credits can be generated by regular NPAT and then distributed to shareholders by way of fully imputed dividends but obviously SKT is not in that position yet. Before that, a special dividend to take care of the existing credits would do the trick, but then SKT doesn't have the cash to do because they need to repay debt. The answer is probably a taxable bonus share issue to all shareholders, with the imputation credits attached to offset the tax liability. But....that just adds to the liquidity problem. So then a share consolidation is the next step. However I don't mind the way things are atm - if SKT performs, then the price will go up in the long term no matter how many shares are lying around. More free shares via a bonus issue would do nicely though. NB - I'm not 100% sure of weather a bonus share issue can carry imputation credits these days - it is something which Waste Management did way back in the day though.

  2. #6482
    Speedy Az winner69's Avatar
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    Imputation credits lost if Ogg gets his way. .but if a takeover at $1 who cares
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  3. #6483
    Speedy Az winner69's Avatar
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    got enough imputation credits to cover a 21 cent divie
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #6484
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    Correct, but they are repaying debt with the cash aren't they? That was my understanding. However the prospect of a 21c dividend on a share price of say 17c would still make anyone's eyes light up wouldn't it?

  5. #6485
    Speedy Az winner69's Avatar
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    Missing my cricket
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #6486
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    Quote Originally Posted by winner69 View Post
    Missing my cricket
    Well then you're in luck. Australia vs India live on Sky tonight

  7. #6487
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    Well see what happens tomorrow with the new evaluations coming through.

  8. #6488
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    Quote Originally Posted by winner69 View Post
    Missing my cricket
    Got a little tip - can watch it via the TAB app. Go to "Watch & Bet".

    Well when the cricket is on at least.....

  9. #6489
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    The 20/20 was free on TV1? Won’t all games be?

  10. #6490
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    Quote Originally Posted by Entrep View Post
    The 20/20 was free on TV1? Won’t all games be?
    Only selected ones it seems ....Friday night treat every now and again.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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