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Profit taking, page-385

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hankreardon

1,158 Posts.

593

02/06/19

05:15

Post #: 38864795
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Originally posted by upside_down: ↑

Has anyone looked into APT warrants provided by Citi? One strategy instead of profit taking could be to "extract cash" using warrants. Could pick a conservative option with e.g. 40% leverage, which would give you 40% of your holding in cash. The nice thing about it is it doesn't trigger a CGT event, and you can always put cash back in to convert back to standard shares.

@Karcus you look sound like you've been around the block, have you ever looked into this?

https://www.asx.com.au/documents/resources/instalment_warrants_cash_extraction.pdf

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They are extremely unfavourable terms. If you look at the terms in the context of the volatility of the APT price there is a very reasonable chance you can get stopped out and the upside is also very much capped.

APT Price at posting: $24.15 Sentiment: Buy Disclosure: Held
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