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Ex Div 20 May 2021 (Thu) - can see this creeping up now as Investors buy in for Dividends!!
I dont think 3c is going to create much demand, when so many other shreas going ex div on Thursday have better % returns.
Disappointed that the final divi (3c) is lower than interim (6c).
Assume we will be looking at 9c again for yr end Dec 2021.
Cheers & GLA - CSDI
Agree there has been no increase in volume traded that would suggest interest as a result of the dividend. Lots to be optimistic about for the coming year though. Reports coming out of Capital Drilling have been really positive. A definite hold and reinvest dividend for me.
There is no advantage in buying a share before the dividend, in fact the opposite if you are not buying in an isa or sip. The share price should fall by the amount of the dividend the day it does ex div. (plus any changes for other reasons that would be happening anyway). You pay dividend tax on the dividend (unless within your allowance in which case also no cgt) but the cheaper price by buying after it means you become liable for cgt for that amount when selling, but this is at a lower rate or nothing if within your chunky allowance. Therefore buying in advance of the ex div date for the div makes no sense. Of course the divi makes big sense for long term holders but to shift to cgt I actually sell before exdiv date and buy back after tho scarier in a rising market.
I recall the Institutions piling into Hoc up to ev div date last autumn...only for an rns that the chaorman had sold a chunk of his shares at a discount to the market price and increased the shares in free float at the same time. Iactually sold Hoc in the ladt 10 minutes of the trading window....wow the divi sure did cost them in that case.....personally i viewed that as a honey trap and i don;t have much faith in Hoc since then....pretty low....he knew what he was doing and it doesn;t show a lot of respect does it ?
I felt the same with the rns from cey in oct 20 and bailed which proved to be correct move....feel slightly different under new broom....i have bailed out on cey because of the divi and will buy back in...divi's always seem pointless to me i'd rather the company kept it but i know the argument for them....i just don't agree....Fres keeps itelf poor paying divi's and what is that Poly one all about.....and we have all heard of companies borrowing to pay divi's which is insane....I do keep an eye of directors sales and buys which i missed (no excuse) on cey last year...
I'll just hold as SP is cheap at mo and this divi is too small to make a difference on activity.
If you believe in gold on the up, plus impact of Basel, not worth selling.
Absolutely right, Harold. Take a look at the gold chart below and look at the curve from last June to mid July and compare it to the last few weeks. Back in July there were analysts saying it was 'overbought' and about to crash as tech was booming etc. Then look what happened - smash! How do we know it won't do the same this time? In fact, take a look at the comments on that graph and they're all bearish.
I've just added a small amount.
I'm in a rush today!
Here's the graph.
https://www.tradingview.com/symbols/TVC-GOLD/
Interesting thought, our share price would be 140 at the exchange rate of a year ago. Wor the remembering that as we work in dollars our share price gained a lot on the pound’s initial fall on Brexit news, and then further falls as negotiations went on, but has regained 15% from the low. Of course our share price was 185 a year ago. But fall is not as bad as it seems , a real 25%,
Spindler quite so, that sale by Eduardo Hochschild hardly showed confidence, especially without any other explanation, now does the hedging of silver
I think with this going ex Divi is a BIG bonus as I cant see this falling after Thursday. The Only Way Is Up!! Gold is Bullish now!!!
Am I absolutely right that if I sell shares today and buy back tomorrow I will not get the dividend? I don’t really want to pay 37% tax on it. Prefer b&b cgt of 20%
correct Sotolo. If you sell today you do not get the divi.
Over the last 6 months I have traded several shares for the divi where the drop has been far greater than the divi.
For CEY I do not think it is worth trying to trade.
The SP will move tomorrow based on whatever is happening marketwide, together with gold movement, and the ex div drop. A couple of weeks ago I expected a 4% drop in POLY's SP on ex div day, but it went up over 2% on the day, so was a big mistake to sell day before. You just never know ... only hindsight will tell us after the event.
As my shares in a SIPP, there is no short term tax effect as do not pay CGT or income tax on the divis.
Tax comes into play when I withdraw funds, which are taxable as income.
GL Sotolo - cheers - CSDI
Thanks CDSI, I am inclined to agree with you as often cey doesn’t drop early as much as the divi plus this is a small one, so any market news or gold change will outshine it. However I already just did. Amazing get the same price on near 200k as 200. To be quite sure can I buy them back first thing tomorrow and I won’t get the divi, the owner after end of play today will? Thanks ps hate trading as so nail biting and doesn’t suit my character
Hi again solo,
Yes spot on again. you can buy first thing in the morning ex divi, i.e without entitlement.
Not trying to teach granny to suck eggs, but just make sure the offer price is not "bumped up" on opening as the MMs know how to make a few extra quid for themselves.
GL