In my opinion it is tax management insofar as TG can realise a capital loss on the shares acquired in the last capital raising which were acquired as a direct interest for $10.8m (see announcement dated 5 December 2023). Those shares have now been transferred to to an indirect interest at a value of $7.8m realising a loss of $3m. That is what I assume is behind this transaction.
Regards
DF
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Last
80.0¢ |
Change
0.020(2.56%) |
Mkt cap ! $1.943B | |||
| Open | High | Low | Value | Volume |
| 78.0¢ | 80.5¢ | 78.0¢ | $5.601M | 7.039M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 95800 | 79.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 182738 | 7 |
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| Last trade - 16.16pm 01/08/2025 (20 minute delay) ? |
| LTR (ASX) Chart |