«We can't discount
franking credits as long as they are still there and the Labor government don't change the rules if they get in.
Not exact matches
Former copper Steve Apps says Labor's proposal to abolish refundable
franking credits came
as a real shock.
•
As if we needed another reason to love John Green, his
frank discussion of why he feels The Fault in Our Stars has been so wildly successful — in which he
credits his editor, publicist and publisher — frankly made this former book editor swoon.
Franking credits can also occur
as a result of an entitlement to a
franked distribution, such
as when the organisation is a beneficiary of a trust.
Franking credits are also known
as imputation
credits.
This
credit is known
as an imputation
credit or
franking credit.
It's a bit like a lay - by, except you get all the benefits of owning the shares from day one, such
as receiving dividends and
franking credits.
And,
as always, get your own tax advice (you will have to own the stock for at least 45 days to claim the
franking credits).
I think the shares will trade somewhere between $ 0.25 and $ 0.35 after it goes ex-div and are potentially worth
as much
as $ 0.60 long - term, plus a few more
franking credits that will be generated along the way.
For super funds not subject to tax, you can buy it at today's price of $ 1.24, collect $ 0.79 in cash on 2 June and another $ 0.34 for the
franking credit when you submit your tax return (
as early
as July if you are organised).
Say you wanted to end up with a 5 % position in the company, you would have to have enough cash to invest 55 % of your portfolio in the stock today (the other 50 % will come straight back
as dividend and
franking credits).
The efficient market is hard at work transferring the RHG's shares from those on high tax rates who prefer discounted capital gains (such
as myself and John Kinghorn) to those who value the
franking credits (mostly super funds in pension mode).
A managed fund in which the investment manager invests in range of shares to satisfy a specific investment goal, such
as maximising capital growth, dividend income or
franking credits.