I'm holding 1700 BNB shares including 1000 bought today @ $7.7. Didnt wanna buy but the price was ridiculously cheap at that time. 2Hrs later, I realised $7.7 was just not cheap enough!!!
please tell me im not the only one still holding BNB
If banks start calling in their loans.. What would happen?
We are at almost a 80% loss since the highest point. crazy.
ahh time travel. If only.
I'm holding 1700 BNB shares including 1000 bought today @ $7.7. Didnt wanna buy but the price was ridiculously cheap at that time. 2Hrs later, I realised $7.7 was just not cheap enough!!!
I'm holding 1700 BNB shares including 1000 bought today @ $7.7. Didnt wanna buy but the price was ridiculously cheap at that time. 2Hrs later, I realised $7.7 was just not cheap enough!!!
Very possible, you'd think quite a few stops where hit in the panic.anyway, i wouldnt be suprised if you saw a decent size bounce in the next couple of trading days... it would be a good opportunity to sell if you are still holding IMO...
MQG has the better balance sheet. But then again who knows what lies beneath. Trust no-one is the motto in this god awful credit crunch.
BNB is a sitting duck now. Banks will be all over them like a rash a la Centro, AFG, ABS, MFS. Poor buggers - it was nearly bonus time too. They might be saved by their 'more opaque than AFG' structure, meaning someone can figure out what it is they are buying. But as we have seen with Centro, these banking syndicates are very difficult to deal with given there is a decided stench coming form most of their back yards as well.
Ye gods - tread carefully people.
Date: 6/6/2008
Author: Vesna Poljak
Source: The Australian Financial Review --- Page: 56
The listed investment fund model is not broken, according to Babcock & Brown(B&B) global head of infrastructure, Peter Hofbauer. Speaking in June 2008,Hofbauer said the model is not unique to companies such as B&B or MacquarieGroup, but is used by all institutional investors who trade shares. Hofbauersaid the only way for the model to disappear would be if it was determined thatpeople would no longer appoint others to provide services aimed at increasingthe value of their assets. Hofbauer said this is unlikely to occur in the nearfuture
You're a brave man Yuan.
Prawn - vengence indeed. My folio is now back to the territory it took 3 months to claw out of, and only took a matter of days to fall back to it.
Sigh.
...my first loss in 3 years that I haven't been able to cover with a gain.
Hey barnz2k,
I thought you were a loyal BNB buyer rite? Saw a couple of posters of yours eariler...are you still holding any now?
How do you mean?
Any capital loss you can not write off against a capital gain, you can carry forward until a time where you have a capital gain to write it off against.
Not expecting you to be an accountant or anything, but can you write off capital loss against your regular joe taxable income (ie your everyday job)?
Not expecting you to be an accountant or anything, but can you write off capital loss against your regular joe taxable income (ie your everyday job)?
Nah, capital losses can only be used to offset capital gains. You can, as far as i know, use income losses (not that you'd want to have that) to offset capital gains though, just not the other way around.
This advice is probably worth every cent you paid for it, but generally, a realised or unrealised capital loss is not deductible against your income.
See a tax accountant for tax advice.
Not turning this into a tax thread. But just a really quick clarification.
Not real figures
50k profit (capital)
100k loss (capital)
How does that work?
Not turning this into a tax thread. But just a really quick clarification.
Not real figures
50k profit (capital)
100k loss (capital)
How does that work?
You make a net capital loss of 50k which will be rolled over to the following financial year.
eg if next year you make 50k capital gain, then you'll have a net gain of 0
And here i was hoping that something bad like this wouldnt happen to bnb
[edit] beaten by 1 min
[edit #2]
I was reading the thing about "share trader" vs "share holder" in the ato site and if you are classed as a "share trader" you could use your loss as a deduction. (BUT i could have read it wrong)
It's not deductible in the sense that you can't offset it against most types of income eg salary. However, capital losses CAN be offset against capital gains. If there are insufficient capital gains in the current financial year, the capital losses can be carried forwards and offset against capital gains in a future financial year.
God I hate it when people talk like they're experts when the dont know poo.
Have a look at s 102-5 of the Income Tax Assessment Act 1997, step 2 talks about applying net capital losses from previous years.
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