SER 4.35% 2.4¢ strategic energy resources limited

what a headache

  1. 7,626 Posts.
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    Or call it a prodrome of a headache.
    This is only the demerger scheme.
    For simplicity,assume I hold 100k SER shares,what do I get after the demerger.
    1. 100k SER shares ( SER's SP will drop post demerger to around 2c)
    2. 20k shares in Tarcoola ( because SER will hold 20%)
    These shares will have no market & will have zero value untill the transfere scheme is implemented.
    3. No CGT for aquiring Tarcoola shares (but there will be CGT liability if & when they are sold as Mega shares)
    4. I can sell my SER shares post demerger to realize a capital loss & buy it again if I am keen on SER's other assets.
    5. A four letter word from my accountant.
 
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