MPL 1.28% $3.85 medibank private limited

Waste of time

  1. smt
    61 Posts.
    Seems that the allocations are so small that it's become a waste of time.

    I applied for $100,000 worth of shares (pre-registered) and will receive a $13,713.75 allocation
    6,857 shares as I understand it ....not worth the effort considering the loss of interest, brokerage,
    100% capital gains tax, and risk.

    Why they bother to allocate parcels of shares for $2,000 is beyond me ....can't be worth while
    less brokerage and 100% capital gains tax. Better to make the minimum parcel $10,000.

    Suppose it's political....??
 
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