Im in now 8 9 10
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Im in now 8 9 10
I am excited, hopefully we will hit $1.10 before trading closes.
Well closed the day at $1.077 and didn't get to $1.10. Since I didn't stag this float I'm pretty happy so far with that. Might get to over $1.10 over the next couple of weeks so I might still rue my decision.
Pretty good day for IRD - collecting all that tax on the $289m worth of trades. It would be even better if they charged GST on transactions. And of course, as per usual who are the real winners - the brokers. I bet they are swilling the champers tonight and toasting the National government once again.
I doubt that very much. A lot of it will be foreign and so they will not pay tax here....
As for GST on transactions... the sharemarket would grind to a halt and there would be zero trading. Imagine having to pay an extra $150 (GST) on a $1000 buy or sell order...
Looks like about 21% of the instalment receipts floated were traded today!!
Yes imagine. We have learnt to cope in the property market but I keep forgetting the finance industry is the other group of special people in nz.Quote:
As for GST on transactions... the sharemarket would grind to a halt and there would be zero trading. Imagine having to pay an extra $150 (GST) on a $1000 buy or sell order...
Edit. To be clear I meant g s t on commissions