EMR 0.00% $3.99 emerald resources nl

Regulatory question:When a bank buys back shares under market...

  1. 61 Posts.
    lightbulb Created with Sketch. 20
    Regulatory question:
    When a bank buys back shares under market value allowing holders to write off a cap loss and the remainder of the value is paid in a special dividend, what are the limits on that?

    Can EMR sell the Cambodian assets (and let's just pretend the $ figures line up on this) then offer to buy back the shares on the market for $0.25 each with a $2.5 dividend meaning current holders get a reduced capital gain, probably a capital loss recorded but $2.75 per share of value?

    Just wondering..
 
watchlist Created with Sketch. Add EMR (ASX) to my watchlist
(20min delay)
Last
$3.99
Change
0.000(0.00%)
Mkt cap ! $2.618B
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
2 6085 $4.18
 

Sellers (Offers)

Price($) Vol. No.
$3.60 12 1
View Market Depth
Last trade - 09.58am 21/08/2024 (20 minute delay) ?
EMR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.