@FaradayFaramir Thanks for sharing your story. I am loosing a lot more than you (my break even is 90c but I had already sold shares at a loss in a previous year before understanding I could not write it off)... But I accept the bad with the good and hence why it is important to divest.
Acrux share price was high due to potential income from one of their prime products, and the milestone payment they got one year, and therefore was factored into the share price as everyone thought they would keep on getting that payment. However as you cannot claim a CGT loss on these shares I would suggest holding them as their dividend return is exceptional. I am actually looking to buy more if they drop down to 61 or below. Occasionally they do this and if they may pay like a 7 or 8 cent dividend (they will only be able to afford to pay this due to the weak $Aus), then the return is exceptional after tax (like 15%) which you will not get from a bank.
ACR Price at posting:
67.0¢ Sentiment: Buy Disclosure: Held
