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$2.17 cybg plc

Cost Base, page-6

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drbrooks

4,593 Posts.

294

14/04/16

14:36

Post #: 17503670
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Originally posted by Alf2 ↑

Yes, looks like a small "loss" compared to cost base.

My understanding is that once the ATO gives a final thumbs up on the cost base we will know for sure.

I presume that a CYB cost base of $4.00 would mean the cost base for our NAB holdings would drop by $1.00 per share (ie 1 CYB received for each 4 NAB)? I don't think any of the distribution was going to be a "dividend" but maybe that gets confirmed by the ATO as well?

Of course, this CYB loss is only the taxation interpretation. We may all be far better off as a result of the demerger - but with the current volatility affecting the banks its a little hard to be sure!

Alf

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Anyone know how much we reduce the cost base of our NAB shares and what is the cost base of our CYBs?

Thanks

CYB Price at posting: $3.98 Sentiment: None Disclosure: Held
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