GNE - Genesis Energy

[Bobdn]

[QUOTE=penn;517356]... well done Bobdn...QUOTE]

We'll see

The only thing I really care about is what happens on 1 December with the Com Com and Chorus. I have a lot of ground to make up there.

[Joshuatree]

Please correct me if I am having a senior moment, but I thought the 1:15 loyalty bonus came from existing government shares and did not increase the number of shares on issue?

In any case, I assume that there are people waiting to sell as soon as the 1:15 has been received so there may be some selling pressure shortly after the first anniversary of listing.

You're right trainee and Dingo; thanks.

[bull....]

that adx line is starting to rise from below, sometimes it is an indication of a strong trend to come, time will tell

[brend]

that adx line is starting to rise from below, sometimes it is an indication of a strong trend to come, time will tell

definitely

added last week at $2.11 after taking some profit from WYN.

This was before the announcement fml...

[Bobdn]

I borrowed 200k against my house and bought 92500 at $2.16. I fixed the amount at 5.89% for 3 years and the bank was also nice enough to give me $1500 cash for taking the loan out.

Because the dividend is fully imputed, does that mean I can claim any interest back on the loan? I'll check with an accountant.

[Beagle]

Yes you can claim the interest as the loan was specifically raised for investment and income generating purposes. Brave move.

[Bobdn]

Thanks roger. Yes reckless I know.

[Beagle]

The old saying "fortune favours the brave" springs readily to mind

[brend]

I borrowed 200k against my house and bought 92500 at $2.16. I fixed the amount at 5.89% for 3 years and the bank was also nice enough to give me $1500 cash for taking the loan out.

Because the dividend is fully imputed, does that mean I can claim any interest back on the loan? I'll check with an accountant.

just out of interest did you compare the cash inflows (dividends) against cash outflows (interest) ? was it positive or negative?

[couta1]

I borrowed 200k against my house and bought 92500 at $2.16. I fixed the amount at 5.89% for 3 years and the bank was also nice enough to give me $1500 cash for taking the loan out.

Because the dividend is fully imputed, does that mean I can claim any interest back on the loan? I'll check with an accountant.

Even if it had no imputation credits you could still claim the interest, you did what I did to buy Chorus shares, Ouch, I think you've made a better choice