Lets say the likely CBA off-market Buyback is $86 (14% disc., K$26, FF Div $60). You’ve said its great for low rate tax payers only. I have a contrary view & welcome your comment. As a high rate tax payer, Im punting that if I breakeven or even lose 10%, I still get a massive tax loss allowing me to release tax free funds tied up in my CSL & Afterpay (both purch at about $10). Surely theres some merit to my plan to partake in any off-market Buyback?

For my SMSF in retirement phase. How are distributions (e.g. Vanguard ETFs) – treated that contain elements of capital gains? There’s lots of talk about how bad it is to receive capital gains in your distributions but how does this apply to SMSF esp. those in retirement mode?

Hi Paul with all the problems facing crown can you outline the worst, best and most likely outcome for shareholders?

What are your thoughts on Metcash BuyBack ? and what price would you recommend submitting the acceptance ?

Hello Switzer team, Our SMSF in pension phase holds 5,000 MTS. These were purchased August 2020 at $2.50 per share and currently trading at $4. Not a bad gain. (Think Julia Lee may have been very favourable on MTS at the time so thanks Julia)

We are wondering whether to participate in the share buy back offer and with a possible discount of up to 14% whether you feel there is any advantage for us.

Dear Paul, I have held CWNHB for many years, and the dividends have been consistent. Because of the uncertainties surrounding the future of Crown Resorts, CWNHB have fallen considerably from their $100 issue / redemption price. Could I have your opinion please about whether you feel that CWNHB are still a “safe” investment ?