"""Someone holding rights issue shares that cannot increase exposure and therefore would let them lapse.. might be better off selling similar amount of shares at 1.8c or higher and then converting their rights."""
Hi Meso, the issue with that senerio i would have is the CGT cycle would restart.
Every ones situation different of course,but for me to pay CGT on sale then to wait 12 months to limit CGT just to take up the rights issue would not be in my best interest.
But if it works for others good luck.
2 trading accounts i will take allotment plus more, 1 trading account will take probably 3/5ths. I will decide in the next 36 hours on that one.
Cheers
Avignon
Taking up your rights?, page-57
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Last
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Change
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Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $14.88K | 7.499M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 492 | 1332555095 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 140220652 | 31 |
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| 88E (ASX) Chart |
