Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Last post: mikeslot, 14 Mar 2019 12:13
Anyone out there with any knowledge of where this merger will take the share price in MXF
Started: oldabutnowisa, 11 Feb 2019 09:46
Last post: oldabutnowisa, 11 Feb 2019 09:46
news of expansion. Long may it continue!
This dividend is in line with the company’s forecast 3.8p FY19 full year dividend from the FY18 results announcement in December. The 13% increase post the merger is based on this level of dividend not the previous unjustified level.
Now that is a right old kick in the teeth for MXF shareholders.The last dividend - and a full three months - and it is dropped from 1.51p to 0.95p.
PHP were saying that MXF investors would benefit from an extra dividend - not that it would be a reduced dividend.
Started: oldabutnowisa, 31 Jan 2019 11:18
Last post: oldabutnowisa, 31 Jan 2019 11:18
Announced just now on TV News:
Massive increase in staffing for GP Practices to give GPs more time to see patients. This will be highly supportive for more and bigger Medical Centres. SP to move up here and PHP.
Started: oldabutnowisa, 24 Jan 2019 09:56
Last post: oldabutnowisa, 24 Jan 2019 09:56
Clever Helen Mahy! Latest RNS is a merger to form a new market leader in this field. SP up over 10%.
Cheers!
Started: oldabutnowisa, 5 Sep 2018 18:45
Last post: oldabutnowisa, 5 Sep 2018 18:45
Last scrip divi ref price 80.36p in mid August. This drift looks to me like these are at a discount for the first time since the rns about the divi being reduced so that it was covered by earnings. Since not even Jeremy's lot could afford to bail out the NHS AND take over all medical centres, MXF is even safer now the divi will all be covered by earnings. Expect a gradual upward move in the SP, but maybe wretched Brexit is scaring even institutional buyers away now. Great value.
Started: ddelboy, 27 Aug 2018 12:20
Last post: ddelboy, 27 Aug 2018 12:20
Thanks. I have just checked and have also received the Tax refund
Started: ddelboy, 8 Jul 2018 14:42
Last post: GRAHAMBARNES, 24 Aug 2018 11:07
Tax Credit Medicx Fund received 20th August
Yes, we are definitely with the same Broker.
You could be right, I am with X-O and another friend, who had been waiting for the rebate got the same reply after contacting them last Friday.
Started: ddelboy, 4 Jul 2018 20:52
Last post: GRAHAMBARNES, 7 Jul 2018 11:23
May be we have the same broker.
I received the same message from my broker today. They have to submit the return again and expect funds in 6 weeks
I received the dividend for the 29' June with no tax deducted, but was still waiting for the return of the tax for the previous dividend for the 29' March.
I expected to get it with this last dividend. But no. I contacted the broker, and now they say, "We have had to submit yet another claim for this stock", and they expect the refund within 6 weeks.
Started: ddelboy, 11 Jun 2018 18:54
Last post: ddelboy, 11 Jun 2018 18:54
Grahambarnes.Thank you for answering my question, hopefully both of us will receive the tax rebate this month.
Started: ddelboy, 11 Jun 2018 14:54
Last post: GRAHAMBARNES, 11 Jun 2018 18:14
I am still waiting, my broker said I should receive the balance in June. As soon as I receive the balance I will let you know
Hello. Can anyone tell me how long I am expected to wait for the return of the tax deducted from the last dividend on my Medicx shares which were held in my ISA account. My stock broker said, they are in the process in claiming it from the registrars. Has anyone else waited this long. I hope this will not happen with the next dividend at the end of the month.
Started: oldabutnowisa, 6 Jun 2018 00:12
Last post: oldabutnowisa, 6 Jun 2018 00:12
SP has reacted rather well.
Started: oldabutnowisa, 22 May 2018 10:20
Last post: Temple_of_Doom, 22 May 2018 18:11
Indeed - a shame bailed mid morning on the short squeeze. This was supposed to be a buy and hold ... never mind made 5.5% since September last year despite the 3.8% hit today .. VOD at 206 and will be back to evens. GLA.
Still annoyed that I topped up last week, while major shareholders would already have been studying the plans. If they were all so happy with the plans, who's are all the massive sales going through. Be interesting to know who was selling before the RNS as well.
Nasty blow to value of holding which, I suppose, we should all have seen coming WBOH. Not much downside from here and still the same assets. Ironically (and not for me) a possible buying opportunity, so will hold through clenched teeth.
Started: CJ66, 22 May 2018 13:28
Last post: CJ66, 22 May 2018 13:28
I agree, it was always a mugs game paying out way more than your earnings - even if short term the dividend yield looks attractive. It now has a chance to rebalance more along the lines of PHP with a price near asset value, 4-5% dividend and can still make reasonable acquisitions. Hard medicine, but its in a good and needed business, so now it can continue steadily upwards, rather than up it's own proverbial !
Massive fall despite the major shareholders approving the new strategy. That also means that the major shareholders were given advance warning of the proposal, so quite a kick in the teeth for the loyal, income seeking small shareholders.
Massive fall despite the major shareholders approving the new strategy. That also means that the major shareholders were given advance warning of the proposal, so quite a kick in the teeth for the loyal, income seeking small shareholders.
Started: GRAHAMBARNES, 30 Mar 2018 11:50
Last post: alexf, 19 Apr 2018 18:01
I've have MXF in a SIPP and have just spoken to my broker - Barclays who also confirm that the 20% tax will be claimed back and will appear in my account in 4-6 weeks. This all comes about because of MXF's change of status to a REIT last October. I can't help but think that this has something to do with the price decline over the last few months.
Just e.mailed Medic X and they were very helpful (although can't give official advice of course). If the shares are in an ISA, the broker should have registered them as such and would have been paid tax free. So it is now down to the broker to reclaim the tax paid from the company.
I did a lot of googling yesterday about this and I don't believe this. Quotes from various pages I found - .....If you hold a REIT in an ISA it is completely tax-free. The REIT is exempt from corporation tax and the investor doesn�t have to pay tax on dividends because of the ISA wrapper ....You do not pay tax on PIDs held within tax sheltered accounts.However, unlike ordinary dividends that are paid gross (i.e. with no tax deducted), PIDs are generally paid with 20% tax deducted.This means the tax already paid needs to be clawed back.Your tax-sheltered account should be issued with a 20% tax credit associated with your PID income, which the company that runs your ISA, CTF or pension should use to reclaim the tax paid from the taxman. Do watch to ensure your PID tax is being reclaimed by your broker, as sometimes they forget. It can take 4-6 weeks after the PID is credited to your account for the reclaimed tax to turn up as cash. I�ve heard that brokers can ask for PIDs to be paid gross to shareholdings in tax shelters, but I�ve no knowledge as to how widely this is being done.
Discovered that now they have UK regd REIT status, one divi will be on earned income and be paid gross to your ISA, the other will be on property income and be paid net of tax, even to your ISA!
Just to clarify - in an ISA you should have received two dividends last Thursday of 0.755p each. Those of us who have wrongly paid tax will have received one of 0.755p and one of 0.604p. - which is the tax taken off the PID part. This quarterly dividend will comprise 50% (0.755p) Property Income Distribution ("PID") and 50% ordinary dividend (0.755p).
Started: oldabutnowisa, 4 Apr 2018 19:22
Last post: adv11, 5 Apr 2018 00:15
Well it is a growing sector with PHP currently raising money for further acquisitions and Assura also in the same market. Some of the warehouse type REIT's seem to make their money by selling properties between themselves for ever increasing sums. Probably will come tumbling down one day, but then again, everything I invest in always does.
This is surprising considering the high yield and the property backing. I can think of two possible reasons: 1) MXF does all this by being highly geared. Borrowings are around 50% and each time they expand, so does the debt. Fine in a good market. If MXF is forced seller, who would buy and would they make a profit? 2) Perceived political risk. I don't see it (Possible Labour government never raise enough to nationalise these). Nevertheless some feel it is a reason not to hold. On the other hand, you can argue this is the perfect time to buy - virtually no premium.
Started: oldabutnowisa, 26 Mar 2018 11:28
Last post: mikeslot, 26 Mar 2018 13:23
Think this is a share to put away for a while. No quick profits here!!
Do not understand why SP falling still. Divi is safe and there is no risk this type of investment is likely to be curtailed even if there is a Labour govt. Assume it is just weak market.
Started: oldabutnowisa, 5 Dec 2017 13:11
Last post: oldabutnowisa, 5 Dec 2017 13:11
Price here is at new low for variety of reasons and figures due out 12th of this month. Not helped IMHO by the divi never being fully covered although it did not stop shares in past. Politics has hit all infrastructure cos and slight increase in base rate. Some long-termers are actually topping up so my attitude, as with all my infras, is tuck away the divis, grind the teeth and hope Mrs May convinces the EC mob that they won't get a farthing of the 50 billion if they don't help to move her on past Stage 1. My belief is that infras in particular will bounce IF that is sorted.
Started: humblebynature, 9 Dec 2015 20:51
Last post: humblebynature, 9 Dec 2015 20:51
Questor MedicX offers 7pc dividend income from infrastructure The fund invests in a portfolio of GP surgeries across the country that generate healthy dividends from rental income, says Questor 09 Dec 2015 |
built on a debt pyramid but at only 4.35 per cent average. Dividends are generous and comes from NHS rents. NHS pays but will the cash stretched NHS be able to pay increases ? Stock well above NAV.
Last post: Patexd, 24 Apr 2014 15:24
Company bought 1 million shares from Treasury. Obviously they are generating cash somewhere. I keep 300 only as my mystery hold -only a miniscule quarterly payout ! Any reason to be brave at this price ?
How is the divi 5.70 when the earnings only 3.60 per share. On a P/E of 23 I do think one should ask but I am not knocking this I have a few !
Started: ihmoody, 6 Mar 2014 17:47
Last post: ihmoody, 6 Mar 2014 17:47
This seems to be a predictable share looking at the 5 year chart. Get divis too. Nice buys today. Anyone got an opinion on this quiet one?