Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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fwiw, I think the sp is being held back on the run up to the GM and then once consolidation occurs the instructions that are are not wanting the tax headache will buy in heavily lifting the price closer to £3.
Normally wrong but just my thoughts.
Institutions ...
Yes that's the conclusion I came to. And worse off if you hold outside an ISA or sipp. Can't understand why the FT call it a bonanza. Not for PIs, possibly for instructions but no idea on that one.
correct
so the way i read this i am no better off
Only if the share price in general increases the same as any other trading day.
so the way i read this i am no better off
the shares you own will consolidate so It is too good to be true, the dividend is wiped out. Because for every 19 shares you own they will change them to 15 when consolidated. And even worse if you have used your £2000 tax free dividend allowance for the year you will pay tax on the dividend that you get.
Surely this seems to good to be true.
S/P 250p for rounding sakes..
If I hold 1000 shares
I will get £500 pounds for free and 1000 shares.
Where is the catch??
quelfromage1, Thanks for that info.
Whoops I'll get that one deleted
robleo, rather than "not true" (I misread your question) "no", no tax to pay in a SIPP
quelfromage1 not subscribed to the ft
Many thanks for the reply. I'll keep a look out for mine.
robleio
Not true I think see:
https://www.ft.com/content/97bf7a43-81a4-46ff-b4a9-5bfe4c7773b3
Well obviously if held in an ISA or SIPP as I do there is no divi tax. But even then it seems to me of no benefit whatsoever.
I can buy back the 4/19 shares that have been taken away with the 50p per share I'm given then I'm roughly back where I was before all this messing about? Or am I missing something here?
if this held in a sipp will you pay tax on this dividend thanks
Yep
Just to be clear I hold £27,500 atm after this SD I will hold roughly £22,000 and have a dividend of £5,500 which is taxable am I right?
"Tesco plc wants to pay shareholders some of the proceeds from the sale of its Asian businesses.
This will be a one-off payment, called a special dividend, of 50.93p for each share held at the end of 12 February 2021.
When a company pays a dividend, it’s normal for the share price to drop by the same amount. Tesco wants to keep the share price roughly the same before and after it pays the special dividend. To do this Tesco will reduce the number of shares every shareholder owns. Shareholders will get 15 new shares for every 19 shares held. This won’t make a difference to the overall value of your holding – the total value of your new Tesco shares plus the special dividend should be similar to the value of your current holding. "
Anyone know why they want to (try to?) keep the sp the same?
@jmp500
My HL voting instructions have just landed.
I've received my voting instructions for my wife's Tesco shares held on the AJ Bell platform. But I haven't received my voting instructions yet for my Tesco shares held on Hargreaves Lansdown. Anybody with Hargreaves had their voting instructions come through. Thanks in advance for any replies.
Quizzer
You will lose the SD requirements to be invested on the 11th of Feb. So you will not get any payment.
So if I sell my shares before Feb 9th will I still be eligible for the divi.Just checking
Restructuring debt. Further steps to reduce outgoings.