IKE - Ike GPS.com

[Nor]

That would be taxable wouldn't it. Called arbitrage?

[Brain]

That would be taxable wouldn't it. Called arbitrage?

Yes it would be and I guess you could declare it and pay tax on that transaction because the intention is clear.

[Nor]

Yes it would be and I guess you could declare it and pay tax on that transaction because the intention is clear.

So, what would be liable for tax, the difference between the price one sold and bought at, or would there be a continuing liability attached to the newly bought ones as well? (Indicated by an intention to make money?).

[Brain]

I guess logically it would be the difference between the sold and replacement price. As far as the continual liability goes then I guess that would revert back to the original reason you purchased the replaced shares. That is the way that I would play it and obviously this is not financial advise. I am always mindful of the reason I buy and sell shares and record that just in case the IRD ask questions. On the odd occasions that I have contacted the IRD I have always been impressed that it is a very well run department unlike the other govt departments.

[Nor]

It's a great shame Labour didn't bring in the flat rate 15% tax on capital gains that they campaigned on in 2014 (?). Certainty and simplicity have alot of value IMO.

[tango]

I have enough too but I am tempted because it could be an easy 10% short term gain. Hard to say no to a quick $1k profit depending on scaling.

Usually I would expect this to be heavily scaled but it's edging close to the SPP. Still, I would be surprised if people get their full allocation.

I don't expect an easy 10% gain from it and like Left Field I bought at well below current prices so I am weighing this up. It's not much of a discount

[macduffy]

I've applied for a few to avoid being diluted. Company has a great product - and future - in my opinion.

[tango]

I absolutely agree that IKE has a great product and future but the SPP price isn't very attractive

[Brain]

I absolutely agree that IKE has a great product and future but the SPP price isn't very attractive

Thats good if most think that it isn’t attractive then I will get my full allocation and the share price will then return to Pre SPP levels which was about the $1.15 mark from memory.

[tango]

Thats good if most think that it isn’t attractive then I will get my full allocation and the share price will then return to Pre SPP levels which was about the $1.15 mark from memory.

Maybe!
It seems most people have spare cash so thinking it will be oversubscribed