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$4.60 senex energy limited

#4. 0.5 cents (0.1088%) in 2 weeks is equivalent to 2.83% p.a...

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gavtech

977 Posts.

70

16/03/22

11:47

Post #: 60222146
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Originally posted by gavtech ↑

The only reasons I can see to hold on are:-

1. The shares were purchased say 360 days ago. Holding for longer than 365 gives a CGT discount of 50%

2. The Court approval is not given - should be just a rubber stamp?

3. Something criminal has occurred / the i's weren't dotted & t's not crossed

4. ??? Any ideas?

This seems ridiculous to pay $4.60 so that in 2 weeks time you can your $4.60 back. It's not like you can use illegal drug money and launder it.

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#4. 0.5 cents (0.1088%) in 2 weeks is equivalent to 2.83% p.a interest. Brokerage and CGT then eat into this.

SXY Price at posting: $4.60 Sentiment: Hold Disclosure: Held
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