A lot of shagging around & risk for minimal gain IMO Buy 100,000 at .325 = $32500 prior to brokerage 100,000 divide by 4.7 = 21,276 (entitlement) Sell 100,000 at .275 = $27500 prior to brokerage = loss of $4500 prior to brokerage Take offer of .359 (Shenghe) 21,276 x .359 = $7638 gross profit. Take $4500 loss from $7638 profit = taxable gain of $3138. Take into consideration 2 lots of brokerage then the taxable gain becomes below $3000. Not worth the effort or risk IMO. Upside would be a better offer coming in down the track.
PEK Price at posting:
27.5¢ Sentiment: Hold Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)