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UBS: Labor franking reform to boost buybacks

December 14, 2018 - 14:00 -- Admin

Via UBS: …Labor’s proposed franking ‘scale-back’ also makes the near-term return of excess franking credits more attractive. Figure4 ranks the franking balances of companies relative to market capitalisation in the ASX150. Among the large caps, BHP Group and Rio Tinto have already announced off-market buybacks. Our survey of UBS analysts highlights that Woolworths and Wesfarmers

The post UBS: Labor franking reform to boost buybacks appeared first on MacroBusiness.

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