TSK - Task group formerly PLX

[Left Field]

Great result for TSK...... very impressive rebound from the uncertainty arising from the takeover...... now planning to exit NZX.

https://www.nzx.com/announcements/412273

First full year as combined entity exceeds revenue and EBITDA guidance

• Group revenue of NZD$64.9m, up 99% on pcp (FY22: $32.6m)
o SaaS revenue of $38.1m up 110% on pcp (FY22: $18.2m)
o Recurring revenue of $56.6m up 123% on pcp (FY22: $25.4m)

• Improvement in earnings of $24.9m to deliver adjusted EBITDA of $11.9m (FY22: -$12.9m), reflecting successful business turnaround
o Management delivered on commitment that the Plexure division would be cash positive in FY23

• Positive NPAT increase of $24.7m to $0.4m (FY22: -$24.3m)

[davflaws]

Question from a position of profound ignorance:

At present, all our holdings are NZX and I don't trade, so I don't worry about capital gains. I have no idea how capital gains from foreign companies are dealt with by our IRD. If TSK delists from NZX, will that affect our tax position?

[Left Field]

Question from a position of profound ignorance: At present, all our holdings are NZX and I don't trade, so I don't worry about capital gains. I have no idea how capital gains from foreign companies are dealt with by our IRD. If TSK delists from NZX, will that affect our tax position?

FWIW - I'm no accountant but I had a similar issue when I sold some XRO on the ASX which I had held from its NZX days. The short answer is that there were no capital gain issues. I sold via Direct Brokers in NZ as they can sell ASX shares, and the money came into my NZ account in the normal way. No capital gains issues.