As pointed out above TAS has a tax disadvantage with respect to EDE - if TAS was to sell its EDE shares either in a Take Over or a block trade or whatever, it would have to pay tax at the corporate tax rate and any distribution would be classified as a dividend. So TAS should be 90-100% of the share price of EDE (depending on individuals tax circumstances).
So why is TAS at 65% of EDE? The gap has in fact increased of late. Last time EDE traded in the 26.5-28 range (22 April) TAS traded in the 18.5-20 range, but not is traded 1.5-2 cents lower.
Dont expext that we will ever know. In the end the market does what it does.
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My advice is free and worth ever cent
10c gap between TAS and EDE, page-7
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.026M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 221958 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4785706 | 4 |
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| Last trade - 16.12pm 18/11/2024 (20 minute delay) ? |
| TAS (ASX) Chart |
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