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78.0¢ avz minerals limited

True but protecting profits is more important than paying tax...

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TheGoodNut

213 Posts.

27

17/05/18

14:48

Post #: 33165442
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Originally posted by Winenut ↑

From one Nut to another it would make no sense for an early adopter to sell and crystallise the profit this close to the end of the financial year. Unless they really strongly believed the share price was heading further south on a longer term basis.

They would wait until after June 30 and sell from July 1 to crystallise the profit in the next financial year and delay any tax payable (CGT discount included) for at least another 12 months minimum.

If there's going to be a big sell off from early adopters I think it will be post June 30 if the share price hasn't moved up by then.

Tax management 101......defer income bring forward expenses

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True but protecting profits is more important than paying tax IMO. I guess I'll never really know the reason for the selloff, i'm just a nut after all.

AVZ Price at posting: 16.8¢ Sentiment: Buy Disclosure: Held
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