Its still being flushed out - I keep saying that in order to recognise a tax loss this year they have to sell by 30 June thats 6 trading days to go. If they purchased at 37 and the holder of 100000 has a loss of 13000 @ 24c thats a tax saving assuming a company of around $3900 that they are losing out of. or almost 4c per share. However I wont be jumping up and down - you want out then the price should be around 21c to 22c in my opinion. Thats all I am prepared to pay and I reckon someone will bite the bid during next week.
Thats my bonus - plenty of stocks being hammered during this tax season to cover the CGT profits elsewhere. That is my only real profit for the year - I also have CGT profits but on a lot of stocks that just ran out of road - I could not see any way they could continue to deliver - the likes of SKI / ENV and even sold out of SOL. However most of my realised profits are related to a few years. This year has been a real mixed bag but not enough each way to really impact so June cheap bargains are always a pleasure.
PGC Price at posting:
23.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)