Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thanks Pokerchips.
This part seems to be my answer
What if I sell my shares at a loss?
If you sell you shares at a loss no gain is realized and there is therefore no need to complete a form. However, unless you bought your Spanish shares in the market, you should bear in mind that the relevant acquisition price for determining whether a gain has been made will be the value attributed to the share at the date of takeover. The average price of your shares may have been reduced if the 2009 rights issue was taken up. For ex-Abbey National shares the acquisition price is €7.58 (note - euros) with the rights or €8.44 without. So, at current exchange rates, if these shares are sold now for more than £6.60 (or £7.40 without rights), a 210 form will be required.
The notional acquisition price for ex-Alliance and Leicester shares was €9.81 (with rights) or €11.23 (without) so, at current exchange rates, if these shares are sold now for more than £8.60 or £9.80 or so a 210 form will be required.
Although the web site you directed me to only charge £29 for filling the form out and submitting the form to the relevant tax authorities. Not to painful.
Thanks again and all the best..
Almostdone
i think this website will help with the most up to date information ..i havent used them myself... all sounds very odd ..i would look for a second option ..maybe send this info to Santander and ask them direct
http://www.spanishtaxforms.co.uk/
http://www.spanishtaxforms.co.uk/spanish-shares.html
Has anyone on here successfully reclaimed 9.5% of the Spanish Withholding Tax and if so which Spanish agency have you used to do that, and what was their fee basis?
I can sell the shares, then apparently I have to fill out this form for CGT purposes to the spanish tax authorities within their next tax year, also declaring that I am a uk resident. Not filling out the form can result in a €100 fine and more fines thereafter.
Almostdone
you sure what you have read is up to date ?.... sounds like stuff from years ago....
you just have Santander shares now....I would guess ...that anyone else has just treated them as such ....highly unlikely that anyone now has to send any kind of form to the STA .... the dividend withholding tax is taken now for the STA before you receive any dividends anyway
Hi, have any people on this board sold shares from the Alliance & Leicester windfall shares? I have read that you must fill out a 210 form and send it to the Spanish tax authorities. Any information on this would be grateful.
BNC is seen as a world bank ...and the City traders sell it down on these concerns ......it is really just losing all the gains it got as a result of the belief interest rates were going up....and now the belief is ..they wont....so it is merely back to where it was in May...it can also be linked to the size of their lending book, loan risk, etc etc..... where they operate is quite at risk if a recession were to occur for example ...if the US slows down it always filters down to South America.... Spain of course would be a risk
It often tracks the yield of the US 10y Treasuries ....the traders just track key data and the buys and sells tend to just relate to that as a way of seeing what the future markets are saying
Yes, I understand that external factors influence share prices….
My argument is that they shouldn’t to this extent, especially when other banks are not tracking in line with this.
Whitenight
With BNC you have to be aware of the bigger picture ....the share price is reacting to that
https://www.cnbc.com/2021/08/18/fed-minutes-july.html
There is PLENTY of news that is affecting what happens to the BNC share price..
Nothing to do with BNC themselves...all to do with the big wide world that BNC operates in....
Why on earth is this share behaving like an AIM penny stock? Almost 6% down today on no news?? What a sham.
the 10y Treasury Yield has been dropping again in recent days and BNC has just caught up .....
I think the yield will fall further myself
When did the Banco shares become junk bonds !!!
agricore, shame the market does n't think its cheap
The capital strength and return on capital numbers are great.
The discount to NAV (22%) provides a good entry point and the yield (as pointed out by Agricore) means we get paid to wait for the discount to be eliminated or even develop into a premium.
The European ROTE (7.2%) needs upping (it is dragged down by Spain) and you can see why American banks trade at a premium to NAV when you see the North America ROTE (14.6).
I like the opportunistic buying out of the minorities in USA and Mexico but I struggle to see how we get higher interest rates before the end of 2022 (a 1% shift upwards adds E1.5b to net interest margin.
On balance - positive and I continue to hold and reinvest divis.
- Profits sharply up
- Bad Debt down - CET1 - 12.1% over its 11-12% target.
- ROTE 12.3%
- Calculate run rate Price Earnings of 7 makes this incredibly cheap IMO
- Dividend policy of 40-50% of profits should equate to around 6%+ yield
- Particular surprise is the strong results coming out of South America - didn't expect that
"10-year Treasury yield falls to 1.23%, hitting a new five-month low"
https://www.cnbc.com/2021/07/19/us-bonds-treasury-yields-start-the-week-lower.html
If they put up US interest rates..the US would be f*cked ...the debts are so high.... ..so they are hanging on and letting inflation be the devil of choice....
Trouble is...if the US economy falters then that tends to filter down into South America
you also have that idiot Bolsonaro behaving like Trump.... Santander are big in Brazil of course
https://www.reuters.com/world/americas/brazils-bolsonaro-says-may-not-accept-2022-election-under-current-voting-system-2021-07-07/
It has just followed the "10-year Treasury note yield" down ...when that settles the share price will probably settle ...
is the yield going to drop through the 1.3% point ?
lower yield suggests a lower level of economic activity ...
https://www.cnbc.com/quotes/US10Y
I should have kept my opinions to myself.
So if I say the share will crash it should go up.
how much lower can it go
ooppss
right again
looking for a bounce today or tomorrow
276.45