ATM-A2 Corporation Limited

[steve9]

I had a question about buying A2M on the ASX. The IRD share exemption tool says that A2M does not qualify under the Australian share exemption :

https://www.classic.ird.govt.nz/calc...calc-2017.html

Is this correct and since I am a NZ resident, I assume I would be better off buying the NZX listed ATM for not having to pay any tax on gains.

[t.rexjr]

............

[t.rexjr]

I had a question about buying A2M on the ASX. The IRD share exemption tool says that A2M does not qualify under the Australian share exemption :

https://www.classic.ird.govt.nz/calc...calc-2017.html

Is this correct and since I am a NZ resident, I assume I would be better off buying the NZX listed ATM for not having to pay any tax on gains.

We let the Aussies make and eat pavlova. But it's still ours...

[Beagle]

Follow the beat of your own drum I say and do what works for you at any given stage, dont let anyone tell you what you can or cant do no matter what their credentials are.. PS-Yes down more than 300k, double that nearly.

Extra homework for you mate. https://www.biblemoneymatters.com/bi...out-investing/

[couta1]

Extra homework for you mate. https://www.biblemoneymatters.com/bi...out-investing/

Actually competitive sports can teach you a lot of good traits that you need to be a go hard or go home investor, traits such as Perseverance/Patience/Adaption/Toughness/Vision and a Never say die attitude to name but a few, whoops I must mention multitasking(Yes that includes the ability to trade shares whilst riding the chairlift in a blizzard) PS-You altered your post and removed the bit on sports while I was typing(Naughty)

[BlackPeter]

I had a question about buying A2M on the ASX. The IRD share exemption tool says that A2M does not qualify under the Australian share exemption :

https://www.classic.ird.govt.nz/calc...calc-2017.html

Is this correct and since I am a NZ resident, I assume I would be better off buying the NZX listed ATM for not having to pay any tax on gains.

Does not look right. ATM is actually a New Zealand company (which might be the reason that they are not in the IRD FIF tool), and the Australian shares (A2M) are in all ways identical with the New Zealand shares and can be transferred between the stock exchanges as you please.

They (A2M) should not be treated differently from the ATM NZ shares.

I assume IRD made a mistake in their tool based on the ticker being different in Australia or they just don't list NZ companies in their tool (which would make sense, given that this is about Foreign Investment Funds)

Better check with IRD or your accountant, but if it would be me I would not report them under the FIF regime but treat them as any other New Zealand share ...

[zgnz]

Does not look right. ATM is actually a New Zealand company (which might be the reason that they are not in the IRD FIF tool), and the Australian shares (A2M) are in all ways identical with the New Zealand shares and can be transferred between the stock exchanges as you please.

Agree, A2 is clearly a NZ Registered Company (that trades on the ASX)

Seems like a mistake with the tool.

[kiora]

I had a question about buying A2M on the ASX. The IRD share exemption tool says that A2M does not qualify under the Australian share exemption :

https://www.classic.ird.govt.nz/calc...calc-2017.html

Is this correct and since I am a NZ resident, I assume I would be better off buying the NZX listed ATM for not having to pay any tax on gains.

They can be transferred to NZX share registry at no cost I suspect

[pierre]

A complete move to the ASX might be good for ATM.
XRO at ATH today - almost at equivalent of $80 NZD!

[bohemian]

There is a different though, XRO is worth it's share price, ATM isn't.

[couta1]

There is a different though, XRO is worth it's share price, ATM isn't.

Your kidding right, take a look at the PE of XRO and it's only just profitable compared to ATM which is a cash cow. PS-XRO is a great story but your statement is nonsense.

[Balance]

A complete move to the ASX might be good for ATM.
XRO at ATH today - almost at equivalent of $80 NZD!

Agreed 100%.

[44wishlists]

Your kidding right, take a look at the PE of XRO and it's only just profitable compared to ATM which is a cash cow. PS-XRO is a great story but your statement is nonsense.

I think he meant to type "Fonterra", instead of "ATM"... Either too much A1 protein, or Cannasouth in the bohemian's brain.

[Yoda]

Your kidding right, take a look at the PE of XRO and it's only just profitable compared to ATM which is a cash cow. PS-XRO is a great story but your statement is nonsense.

XRO. Could be major cash +ve if they stopped their agressive expansion campaign . It is where it is, due to the fact that is expanding instead of just keeping rhe cash . Looks bad on the balance sheet, but great for future domination . And to think i had loads at $ 5 and sold to pay for my daughters wedding ! JMO

[tomm]

Citi just find any reasons to shake and collect , making it sound legit )
Back to 2016 when they rate A2 Milk , what happened after that in 2017 and 2018?
and today 2019 rating A2 Milk ( almost same time )

Who can forget this time Citi (and the same analyst) had a sell rating on A2M in 2016

https://www.news.com.au/finance/bus...s/news-story/0b86c078e072aecd2958b4e6c0c91b61