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Cloudy Mountain: Can you check your figure of 16% yesterday and 11% today, please? I took a quick look and declared short positions are 1.4%.
re: "also on IG Index (small retail shorts) there's more than normal short customers 16% yesterday, 11% today. Normal is about 5%."
This is referring to customers of IG Index who hold TGA in ISA's SIPP's CFD's Spread Bets and dealing accounts. It's the percentage of people who are long or short..NOT the volume of shares. Today 9% for their TGA holders are still short.
I Gave Dark Knight a full explanation about this in my post of: 10 Aug 2023 12:21. It's a useful tool.
Fromage: Overner : "sold them at their peak" may have been more convincing if you posted that on Friday rather than days later :)
I don't always get it right, sometimes spectacularly wrong !. I sold half my TGA shares late Feb 2022... just as Russia invaded Ukraine. See my post: 26 Feb 2022 12:07. Talk about bad timing !
Can you check your figure of 16% yesterday and 11% today, please? I took a quick look and declared short positions are 1.4%.
TGA's share buy back program will be finished by the AGM in May. There's some big shorts been building up, and on also on IG Index (small retail shorts) there's more than normal short customers 16% yesterday, 11% today. Normal is about 5%. Tempted to hold off buying back in for while. Or buy in small tranches.
Overall though with RB coal prices up to about $110 from $92 recently bodes well going forward, as this equates to another $200 million profit p/a ?
Fromage it is just hard to predict. Depends how many sell out tomorrow to go looking for the next divi.
And still falling. I sold all (NOT at peak) yesterday intending to avoid the WHT to buy back today, but it seems too early to get back in. I will be watching this, as I believe it is still a good share to be in, but not to buy until a trough has bottomed. I expect I will get the timing wrong on that, as well.
As expected crazy fall of 15% from a high of 635 just last week. I know big divi. falls more than the divi. I hope it doesnt drop all the way back to 500p or lower. that would be crazy.
"Sold" of course, not "bought".
They bought a bundle (pushing the share price up) to give away later, so the net effect of that is to destroy the cash assets and lower the company value and share price - yes? Might not be a good time to buy tomorrow, this could be dropping more than the dividend value.
Overner : "bought them at their peak" may have been more convincing if you posted that on Friday rather than days later :)
I sold all on Friday at £6.30. Will look to buy back in later, May/June after everything calms down. RB coal prices are slowly rising, things looking not bad for TGA going forwards
Running out of steam so after a great run up do I sell before xd or take the divi?
This has to be about more than the pending divi the way this has gone up
Very pleasant run, up 33% in the last month.
I think that’s very likely given the current price. This often has an over reaction when xd so weighing up the odds
We may hit £6 before going xd.
Still ten days till xd, curious as to how high this can go
Over 13 million tonnes of coal exported from Port of Baltimore in 2022 apparently. Not sure if this will feed through to the POC worldwide?
Thank you to The Clive for his helpful input.
For me it is worthwhile to apply Income tax rather than CGT because , unfortunately, I have tax losses from prior years that I can offset against gains.
For those who are taking a prurient interest in my Don Quixote-like tangle with the SA tax authorities, I have news.
My registration has been accepted, with no questions asked, and i have had a Live Chat. I am promised a phone call within 21 business days from a "consultant" who will tell me how to reclaim the WT. I remain sceptical but, hey, it's better than walking the streets.
Around £0.42 per share Prosperus, but you'll lose 20% withholding tax (see discussion below). Richard Bay & Newcastle thermal coal prices fairly flat at the moment so I see this share price drifting until the stock becomes xD. Maybe even a case for selling at £5?
Re: registering as sole trader:
Having held foreign stocks for many years with foreign taxes applied - it's fairly easy to offset the foreign dividend tax / WHT vs what you would pay in dividend tax in UK, so if you are higher (or additional) rate tax payer you would only then pay the difference of 33.75% - 20% (39.35% - 20%) in dividend tax, but getting rebates if basic rate tax payer is hard (but good luck).
One question though, if you are sole trader with share trading as your business surely gains are taxed at income tax rates rather than CGT rates, which for most would be much higher? Curious as to what circumstances make this worthwhile. In a future tax regime where CGT is charged at same rates as income tax levels, would make a lot more sense, as could offset CGT losses against income and tactically sell any assets that have losses to bring your overall tax rate down or sell assets with gains up to the top of the basic rate band.
I'm pretty sure yes...I think 750 easy actually, but takes time
I don't think that works out necessarily. Last time round I was undecided, so held, and post-event looked to see if I was wrong. You cannot just look at opening and closing prices. I considered what time of day it would be, in a practical approach, when I bought and sold, and looked at the prices at those times. Almost breakeven, I had actually benefited by not trading.
Sats is one of the best tax collectors in the world, refunds not so good, SA government is cash strapped 😬
Yup. If I make any substantive progress I will let you know.
I wonder if this has legs to hit 600.