The McMillan election punt

McMillan Shakespeare’s price future is a gamble on who will win the election.

On the weekend of the 13th and 14th July, newspaper articles appeared suggesting that the Labor Party would abolish the Fringe Benefits Tax (FBT) if re-elected to power in the upcoming elections.

By the following Monday, it became apparent to the investment community that this was in fact Labor policy on FBT, and that a large part of McMillan Shakespeare Ltd’s (MMS) novated lease business was potentially under threat.

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