"imo only works if you have low tax rate 15% or less."
Plus, if your are a recent holder with not too low a cost base.
The ideal circumstances for taking up the buyback are :
1) Low MTR
2) High cost base
3) Availability of realised capital gains for a bit of tax harvesting, and the same time reset you Cost Base at a higher level for future disposal
But even under that scenario you will need some luck, considering that you a ceratin to receive 14% BHP's prevailing market price, and by the time the dust settles, BHP could get away from you permanently as far as market price goes (ie sharp increase)
buyback, page-4
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Last
$43.90 |
Change
0.620(1.43%) |
Mkt cap ! $222.7B | |||
| Open | High | Low | Value | Volume |
| $43.28 | $44.06 | $43.25 | $361.0M | 8.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 508 | $43.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.90 | 5100 | 2 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |