Business
Why Carol is laughing all the way to the bank – The Australian Financial Review
Original investors in the 1991 CBA launch are celebrating some spectacular gains – and potential capital gains tax liabilities.
A non-bank employee who invested $100 in the listing at $5.40 would have bought 18 shares, now worth about $1780, or a gain of more than 1700 per cent, according to Canstar, which monitors financial products.
If that investor had reinvested dividends, the holding would now be 91 shares, worth nearly $9000, or up about 900 per cent from the original investment, according to Canstar.
CBA was the first major privatisation in a series of public asset sales that included Qantas and Telstra which, combined…
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