CWK
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0.00% 99.0¢ coalworks limited

issue of oeg shares, page-6

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    26/09/11
    11:43
    Post #: 9009339
    And now it is clear,the dividend is 2.125c unfranked and the proceeds are provided by OEG shares at 17c.

    So now we have a dividend for tax purposes established (income)followed by the purchase of OEG shares which will be subject to CGT (currently not an issue except to the extent that the effect is to erode the bottom line of the whole affair) leaving holders with the tax liability from the dividend.
    CWK Price at posting: 53.1¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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