Hi Everyone
Have done some reading of the 2017 Annual Report and wanted some opinions on value of Investors Mutual and whether my thinking is accurate. I want to trust the Financials, but want to be 100% sure.
I understand one of the concerns to be that there will be a major tax payment required to be made as a result of the sale.
In note 18 (c) on page 75 of the 2017 Annual Report, Investors Mutual is valued at $103.563 Million.
A sale price of $120 Million means a Capital Gain of $16.5 Million is to be booked. Assuming 30% tax rate we are looking at a $5.5 Million Capital Gain Tax Bill, which in the scheme of things isn't significant.
What are your thoughts? Is this an over reaction by Mr Market due to current complex set of accounts? Will this be clearly spelt out at the AGM when the board work through the finer details.
Best of Luck
Lost
Hi Everyone Have done some reading of the 2017 Annual Report and...
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