ASM 3.64% 85.5¢ australian strategic materials limited

ASM Chart Thread, page-624

  1. 240 Posts.
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    @Daubechies
    "Not sure, but the CG tax discount hasn't kicked in yet, making the benefits of that trade a little more complicated to assess for retail holders."

    As per the ATO ruling linked below. I believe the CGT acquisition date for any demerged ASM shares is the date you acquired the related ALK shares. Please correct me if I have misunderstood the ruling.

    https://www.ato.gov.au/law/view/view.htm?docid=%22CLR%2FCR202044%2FNAT%2FATO%2F00001%22

    16. For the purpose of determining whether you are entitled to make a discount capital gain from a future CGT event that happens to an ASM share you acquired under the demerger, you are taken to have acquired the ASM share on the date you acquired, for CGT purposes, the corresponding Alkane share (table item 2 of subsection 115-30(1)). This is the case whether or not you choose demerger roll-over.
    Last edited by emmar: 30/03/21
 
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85.5¢
Change
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Mkt cap ! $154.8M
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83.5¢ 86.5¢ 79.0¢ $234.1K 282.3K

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No. Vol. Price($)
1 1169 85.5¢
 

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Price($) Vol. No.
86.0¢ 5000 1
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