the prospects for BHP shares in general are a side issue with this - the same logic works with other buybacks. ATO franking credit cash has paid for family holidays in Vanuatu & NZ over the past couple of years thanks to Rio, Westpac and Telstra
but this is cream on the top - the main reason for participating is that the capital loss results in minimizing CGT paid on other gains
I actually don't understand the logic of this to the ATO and can't believe it will last forever but in the meantime the rules are there to be used
the prospects for BHP shares in general are a side issue with...
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Last
$44.58 |
Change
-0.790(1.74%) |
Mkt cap ! $226.1B | |||
| Open | High | Low | Value | Volume |
| $44.51 | $44.65 | $43.97 | $414.4M | 9.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12 | $44.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.58 | 8261 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |