I don't agree with you - if you read that distribution advice notice carefully you will see it was mainly a return of capital and I've checked CRN's accounts and the distribution was debited against paid-in capital and not from accumulated profits - anyway I'm sure if SRX can raise the required capital to develop Sembehun then they will do so and those that want a quick profit from a sale will be disappointed - of course any sale of Sembehun would mean the sale of the SL subsidiary which means those funds would flow directly back to SRX and then it would be up to the BOD to decide what to do with those funds with activist shareholders maybe playing a part. I agree that any capital distribution from SRX's paid-in Share Capital account of $546.5mil would only attract CGT on profits made by each shareholder if it was over their cost base.
I don't agree with you - if you read that distribution advice...
Add SRX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $55.17M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 13.0¢ | $69.60K | 516.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 216837 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 5028 | 1 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
|
|||||
|
Last
13.5¢ |
Change
0.000 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 13.0¢ | 14.0¢ | 13.0¢ | 131862 | ||
| Last updated 15.42pm 07/06/2024 ? | |||||
| SRX (ASX) Chart |