Re: Argogroup being wound up

In article <ac.d227174f72.a702a0miskin@xxxxxxxxxxxxxxxxx>,
Rosemary Miskin <miskin@xxxxxxxxxxxxxxxxx> wrote:
In article <na.d6c0a14f71.a807e0ben.crick@xxxxxxxxxxxxx>, Ben Crick
<ben.crick@xxxxxxxxxxxxx> wrote:
You may use your Capital Loss on Argo shares to offset any
Capital Gains you may have made elsewhere this Tax Year 2007/8.

The buy-back isn't scheduled to happen until May, so the loss will
occur in the 2008/9 tax year - so it's available to offset next
year's gains.

I hope your gains are sufficient to need the offsetting!

I'm not a shareholder and don't have any idea whether it's best to
trade in now or wait until later, but in making that decision an extra
factor needs to be remembered, I think.

If you trade in now, you'll get the promised price. If you do so at a
later date, won't you have to do so via a share broker, who will
charge a commission which will be quite hefty in comparison with the
value of the stock?

(I have a couple of shareholdings which aren't economical to cash in!)
8-(

Michael Harding

--
Rev. Preb. M. D. Harding mdharding@xxxxxxxxxxxx
.

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