Australia's largest stock trading and investment forum Australia's #1 stock forum

MLX

Click for more information

3.72%

45.3¢ metals x limited

I sold all my NC1 shares when it came out the MD was short term...

First 8 Last

Share
Profile

Follow
morgarama

854 Posts.

173

09/09/22

16:51

Post #: 63618769
Share

Originally posted by skeletonmother: ↑

Yes. The cost base of the MLX shares held at the time of the demerger has been reduced by 1.41479. For every 36.29 MLX shares shareholder got 1 Nico share.

So the new cost base of MLX shares is the purchase price minus 1.41479. And the cost base of the NICO shares held at the time of the demerger is 51.3437 (ie 36.29 times 1.41479).

This is equivalent to a shareholder being no better or worse off in terms of their cost base after the demerger than before it, except that the NICO shares need to be held for 12 months before they get the 50% capital gains tax reduction.

I flogged most of my NICO shares off because I thought the price was too high even though I have to pay the higher rate of capital gains.

DYOR

Expand

I sold all my NC1 shares when it came out the MD was short term trading the stock, in breach of their company constitution.

MLX Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

First 8 Last

Add MLX (ASX) to my watchlist

(20min delay)
Last 45.3¢		Change -0.018(3.72%)		Mkt cap ! $412.3M

Open	High	Low	Value	Volume
47.0¢	47.5¢	44.8¢	$503.0K	1.097M

Buyers (Bids)

No.	Vol.	Price($)
7	27497	45.0¢

Sellers (Offers)

Price($)	Vol.	No.
45.5¢	121001	15

View Market Depth

No.	Vol.	Price($)
7	27497	0.450
16	326037	0.445
14	208341	0.440
8	126753	0.435
15	505492	0.430

Price($)	Vol.	No.
0.455	121001	15
0.460	197810	13
0.465	91554	7
0.470	195200	12
0.475	175300	8

Last trade - 11.41am 04/06/2024 (20 minute delay)


Last 44.5¢			Change -0.018 ( 5.52 %)
Open	High		Low	Volume
47.0¢	47.0¢		44.5¢	355818
Last updated 12.00pm 04/06/2024 ?

MLX (ASX) Chart