Ann: VTG 2021 EGM - Notice of Meeting and Explanatory Memorandum, page-3

a) is the Artisan business profitable? The pro-forma documents seem to be showing that the Artisan business by itself would be loss making.

b) There are a lot of tax consequences around this. Mainly the effect of franking credits, and capital gains losses.
For example if I buy now at 79c, I will get a big dividend fully franked, but then I have to pay tax on this (I am top tax bracket). I will then incur a whopper of a capital gains loss (which I can't offset against income and can only 'realise' against capital gains elsewhere when I sell the shares). The capital gains loss will be massive because the share price drop after this goes through will be massive.

So for me its questionable to buy.

For say a superannuation company, maybe the numbers will stack differently since they have different tax treatments.

At the moment until can be convinced otherwise this is in the too hard basket.