"imo only works if you have low tax rate 15% or less."
Plus, if your are a recent holder with not too low a cost base.
The ideal circumstances for taking up the buyback are :
1) Low MTR
2) High cost base
3) Availability of realised capital gains for a bit of tax harvesting, and the same time reset you Cost Base at a higher level for future disposal
But even under that scenario you will need some luck, considering that you a ceratin to receive 14% BHP's prevailing market price, and by the time the dust settles, BHP could get away from you permanently as far as market price goes (ie sharp increase)
buyback, page-4
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Last
$38.45 |
Change
-0.460(1.18%) |
Mkt cap ! $195.0B | |||
| Open | High | Low | Value | Volume |
| $39.00 | $39.07 | $38.28 | $323.2M | 8.359M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1696 | $38.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.46 | 24810 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |