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Not sure how that works as we collect almost 33p and it’s dropped nearly 50p? So I’m happy I reduced yesterday, will see where it goes before considering topping up again
Dropped by the value of the dividend, no crazy volatility.
We'll See. GL Today. I held to collect the dividend and DRIP.
Richards Bay coal price was at 120.9 yesterday, Load Shedding is well down.
Last time coal was this price was 10th May and TGA was almost the same SP as close yesterday.
Any Dip below normal ex-div could well be short lived if the coal price trend keeps up.
Top sliced at £7.2248 in case the drop is over done tomorrow
@Krusty,
Yes appos, I was in the wrong thread
I agree with you, it's not the dividend issuer that dictates the WHT it's the SA government.
Diamondman, I was replying to SFH300 on this thread, not your post on a different one. Apols for any confusion.
Also it's not up to the board to find a broker for you. If you hold the shares in your name, as opposed to a nominee account you can reclaim through computershare. However I would expect the cost to be higher to hold in your own name
@Krusty. Before you say Rubbish please read again.
I didn't say anything about UK tax or ISA.
I used the gross div ( 41.22p) and the net div (32.98p after the SA WHT) in my calculations.
I Know inside the ISA or SIPP it's free from UK div tax.
Rubbish. Anything held in your ISA or SIPP is free from UK taxation. Your Thungela dividend will have had 20% withholding tax deducted in South Africa before it is paid to you. This board has yet to find a broker prepared to do the work required to reclaim half of that, which in theory should be possible due to agreements between the SA & UK governments.
Let's say I have 5000 shares.
At 709p they are with £35450
If the share falls by the gross div (41.22p) its 667.98
Therefore 5000 shares = 33339. Diff of 2061
However I get a div of 32.98p /share = £1649.
Difference between possible share value and div = £412.
If I buy back its probably not much difference so I think its a close call as the SP could fall more or less than the div.
Given that there is someone on the other side of every transaction, that cannot possibly make sense.
It's SA x div day and the SP initially fell over 6.5%.
Slowley recovering now.
I expect a similar reaction here tomorrow. Has anyone done a calculation to determine if its best to sell today or hold. Bearing un mind we small holders will suffer a 20% WHT?
Yes, anything going into your ISA is free from tax, be it dividend income, capital gain from stock sales, etc. The dividend issuer, though, should not be taxing it as everyone's tax circumstances are different.
My trading account is in a isa ...is the dividend automatically taxed at source and then paid to shareholders.... anything I would receive is in the isa envelope??
Looking promising . . .
Looks that way
I've closed my position today at 707p. Held through the last divi and it bottomed quite hard so don't want that again for the sake of 30p odd on the dividend. Happy to buy back afterwards tho.
I’ve beat my own target of £6.50 before going xd, I see any bounce being today and tomorrow as there may be some selling Wed before xd but will happily take another 33p above £7.00
Anybody expecting a bounce next week from dividend hunters?
Yes, I reckon this could reach 700 again...
Just own the shares and you will get the payout
Only fill forms to claim back some of the tax if you can
Jadams to qualify for the divi do we need to fill out any forms or does the broker take care of all of that ? Cheers
More like it
Is the market ignoring the rise in the oil and coal price!!