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I did wonder why would someone sell at a 10-14% discount back to...

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Isaacbella18

379 Posts.

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24/08/21

11:31

Post #: 55524023
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Originally posted by Grajem12: ↑

Have a look at the off market buyback booklet, you will see a range of tax situations which determine benefits from selling back to CBA at a discount. Really only of value for SMSF in pension mode with no tax payable and benefiting from the return of franking. If you are working and pay tax at marginal rates it is probably best to not participate and benefit from cancellation of shares and better earnings per share that follows. DYOR or consult an accountant for advise

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Originally posted by damonpjones: ↑

Serious question....the CBA off-market buy back...you can sell your shares to CBA for a 10-14% discount to the market price. Why would anyone do this? I'm assuming there's no transaction fees so you're saving a tid bit but I can't see that warranting letting go of your shares for such a huge discount.

What am I missing?

Thanks.

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I did wonder why would someone sell at a 10-14% discount back to CBA. I had the same question as @damonpjones

Thanks @Grajem12 for this response. Makes sense.

Cheers

IB18

CBA Price at posting: $100.14 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $123.66		Change 1.200(0.98%)		Mkt cap ! $207.1B

Open	High	Low	Value	Volume
$123.17	$123.95	$122.82	$106.9M	866.6K

Buyers (Bids)

No.	Vol.	Price($)
4	225	$123.66

Sellers (Offers)

Price($)	Vol.	No.
$123.67	71	3

View Market Depth

No.	Vol.	Price($)
9	314	123.690
2	8	123.680
1	15	123.670
4	430	123.660
5	651	123.650

Price($)	Vol.	No.
123.700	2596	13
123.710	6690	3
123.720	451	12
123.730	502	8
123.740	398	5

Last trade - 15.08pm 05/06/2024 (20 minute delay)


Last $123.67			Change 1.200 ( 1.15 %)
Open	High		Low	Volume
$123.07	$123.95		$122.82	85634
Last updated 15.27pm 05/06/2024 ?

CBA (ASX) Chart

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