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15.8%

3.2¢ norwood systems limited

That's very clever thinking. Presumably he'd need capital gains...

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4,480 Posts.

1916

04/06/21

11:48

Post #: 53647212
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Originally posted by Wanty017: ↑

Maybe you need to calculate properly how much the shares will cost PO.
Consider three months of wages plus super, rent owing to his property and finally the tax effect of issuing 8.3 m shares at .24 in his personal name followed by an offmarket transfer at say 1.6c to his superfund considering his effective tax rate of 47%

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That's very clever thinking. Presumably he'd need capital gains to offset, but it's a handy little ~$64k loss to have realised.

NOR Price at posting: 1.8¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 3.2¢		Change -0.006(15.8%)		Mkt cap ! $17.63M

Open	High	Low	Value	Volume
3.7¢	3.7¢	3.2¢	$7.194K	216.3K

Buyers (Bids)

No.	Vol.	Price($)
2	37599	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	26342	1

View Market Depth

No.	Vol.	Price($)
2	37599	0.032
1	100000	0.031
1	13400	0.030
1	96000	0.028
1	180000	0.027

Price($)	Vol.	No.
0.038	26342	1
0.039	126001	1
0.040	123849	1
0.042	23833	1
0.044	44101	2

Last trade - 15.14pm 08/11/2024 (20 minute delay)

NOR (ASX) Chart