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

LLL

Click for more information

0.00%

50.5¢ leo lithium limited

Ann: Leo Lithium Investor Webinar Presentation, page-103

First 103 Last

Share
Profile

Follow
RandomDart

732 Posts.

139

04/07/24

16:13

Post #: 74610985
Share

Originally posted by GARETH78: ↑

If tranche 2 is paid as an unfranked dividend, many will be paying tax on that 20c per share.

Then all capital less any ATO ruling for adjustment for tranche 1 capital return will remain in the shares cost base, and will only be accessed if the company trades again or the company is wound up.

I would expect many, including all IPO holdings and many buying on market since listing will likely have a capital loss from that. They would then need capital gains to use up the loss to balance up things.

IMO not advice

Expand

You are 100% right and I am probably putting a more positive slant on the outcome for my own mental benefit. The dividend portion of this will partially hurt in both tranches.

LLL Price at posting: 50.5¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

There are more pages in this discussion • 67 more messages in this thread...

First 103 Last

Add LLL (ASX) to my watchlist