Hi Gindalan - A pretty good ‘rant from’ your phone!
A couple of things to add:
- the capital component will increase a bit as the Aussie shares will likely have climbed vs the UK ones (I guessed 3-5% in my modelling before buying yesterday)
- if you buy at current prices you’ll also have the benefit of a large capital loss that you can offset vs other capital gains (particularly useful if you have some gains on assets owned <12months). Loss equivalent to 80%+ of current buy price!
This makes the deal attractive to some people in higher tax brackets too (not just SMSFs) even at the max 14% discount.
BTW - I was looking to buy anyway as I reckon the next round of analyst updates will increase TPs based on latest current and forecast Fe prices. Shame I only got in yesterday -will be happy to hold whatever I don’t sell in the tender tho.
Ann: Rio Tinto Limited share buy-back - Appendix 3C, page-25
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