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@Schwee, i've been trying to untangle the tax impact of the dividend and I agree with your analysis. I'll declare "income" equal to the market value of the shares at the end of the distribution date, and I'll then continue as if I had purchased the Woodside shares for the same amount of money. That way, HMRC gets its due and I think everyone's happy. I have recently been batting with the details of a return-of-capital event for Aviva, and I must say the dividend-based approach is a lot simpler, even if the tax tends to be a bit more punitive.
Possibly a stupid question : what's the "NHI surcharge" ?
these Woodside shares carry a 6% dividend that’s the catch.
Does anyone know what contribution to overall profit the BHP petroleum business side made last full year?
So if you have to wait up to 12 weeks for the proceeds if they sell them for you then its better to just take the shares and sell them yourself!
Thanks for the info driftking27.
it in link. it was yesterday. ex dividend was 25th May which is today. #excludes dividend
What was the cut off date for holding BHP shares to become eligible for Woodside shares please?
I believe it's today.
New shares issued on 1st June
the answers are in the link i sent.
It has FX exchange date of stock transfers and dates when you will receive shares
Do we know what the value of the Woodside share divi will be in GBP? On the Australian market they are 30 dollars or about £15 each, but we are waiting for a new LSE listing for Woodside aren't we?
Here is it detailed for you
https://www.bhp.com/about/our-businesses/woodside-bhp-merger
On the matter of Sp going back to 2600-2700p. It was at that price due to people buying more in BHP Ltd.
The SP will rise in time as we all know miners do invariably outperform over a longer timeframe against the index’s.
Part of the Bhp business was separated and merged with Woodside and we have al been given an entitlement to Woodside shares , and thus SP is reduced by the assets size sale.
GLA.
on a different note, iv just had a browse at my portfolio versus index’s since February 2022. Mine is actually up 18.2% versus the FTSE 5.75% approx since Feb.
Bit confused by this in specie dividend....I see BHP price went down by £3 or so as shares went ex div. I presume Woodside shares will show in my Barclays ISA next week? Should I expect my BHP shares to bounce back by this notional £3 or so next week also when dividend is 'paid' or am I being too greedy?
Thank you :-)
XD Woodside entitlement today. Quick calc estimates total stock price (ie smaller BHP plus pro rata Woodside) up just over 1% this morning.
Warning share prices can go up and down :-)
What was the cut off date for holding BHP shares to become eligible for Woodside shares please?
You will now get ! Woodside share for every 5.53 old BHP shares. I would have thought the share price should have gone down about 15-20 %. So you doing OK if only down 10%.
xd re Woodside shares entitlement.
????
And more on potash. The "conspiracy theorists" who've been suggesting deliberate WEF sabotage of global food chains are looking quite rational at the moment. Cui bono? Behemoths like BHP who can control supply of fertiliser.
Https://www.cbc.ca/news/canada/calgary/cp-rail-train-derailment-hwy-3-fort-macleod-alberta-rcmp-1.6462783
i heard that Labour want to be known as a Super Titans of Energy sector. Who knows what that means. i have read that they will be paying miners to cut their carbon footprint for mining coal.
Anyone concerned about the more environmentally minded makeup of the new Australian Govt?
Nd
Ken
''Its. 5.53. Woodside shares. for. every. 100. BHP . Therefore. 18.1%''
??
NO - you will receive 1 Woodside share for every 5.534 BHP shares
kentio, if you go back to my original post (10:58) you'll see I'm referring to stock valuations not the number of shares.
If it's the number of shares that interest you then rest assured, if you have 100 BHPs shares today, you'll still have 100 BHP shares after Wednesday. But not withstanding market volatility they will be priced closer to £24 than the current £27.