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As expected crazy fall of 15% from a high of 635 just last week. I know big divi. falls more than the divi. I hope it doesnt drop all the way back to 500p or lower. that would be crazy.
"Sold" of course, not "bought".
They bought a bundle (pushing the share price up) to give away later, so the net effect of that is to destroy the cash assets and lower the company value and share price - yes? Might not be a good time to buy tomorrow, this could be dropping more than the dividend value.
Overner : "bought them at their peak" may have been more convincing if you posted that on Friday rather than days later :)
I sold all on Friday at £6.30. Will look to buy back in later, May/June after everything calms down. RB coal prices are slowly rising, things looking not bad for TGA going forwards
Running out of steam so after a great run up do I sell before xd or take the divi?
This has to be about more than the pending divi the way this has gone up
Very pleasant run, up 33% in the last month.
I think that’s very likely given the current price. This often has an over reaction when xd so weighing up the odds
We may hit £6 before going xd.
Still ten days till xd, curious as to how high this can go
Over 13 million tonnes of coal exported from Port of Baltimore in 2022 apparently. Not sure if this will feed through to the POC worldwide?
Thank you to The Clive for his helpful input.
For me it is worthwhile to apply Income tax rather than CGT because , unfortunately, I have tax losses from prior years that I can offset against gains.
For those who are taking a prurient interest in my Don Quixote-like tangle with the SA tax authorities, I have news.
My registration has been accepted, with no questions asked, and i have had a Live Chat. I am promised a phone call within 21 business days from a "consultant" who will tell me how to reclaim the WT. I remain sceptical but, hey, it's better than walking the streets.
Around £0.42 per share Prosperus, but you'll lose 20% withholding tax (see discussion below). Richard Bay & Newcastle thermal coal prices fairly flat at the moment so I see this share price drifting until the stock becomes xD. Maybe even a case for selling at £5?
Re: registering as sole trader:
Having held foreign stocks for many years with foreign taxes applied - it's fairly easy to offset the foreign dividend tax / WHT vs what you would pay in dividend tax in UK, so if you are higher (or additional) rate tax payer you would only then pay the difference of 33.75% - 20% (39.35% - 20%) in dividend tax, but getting rebates if basic rate tax payer is hard (but good luck).
One question though, if you are sole trader with share trading as your business surely gains are taxed at income tax rates rather than CGT rates, which for most would be much higher? Curious as to what circumstances make this worthwhile. In a future tax regime where CGT is charged at same rates as income tax levels, would make a lot more sense, as could offset CGT losses against income and tactically sell any assets that have losses to bring your overall tax rate down or sell assets with gains up to the top of the basic rate band.
I'm pretty sure yes...I think 750 easy actually, but takes time
I don't think that works out necessarily. Last time round I was undecided, so held, and post-event looked to see if I was wrong. You cannot just look at opening and closing prices. I considered what time of day it would be, in a practical approach, when I bought and sold, and looked at the prices at those times. Almost breakeven, I had actually benefited by not trading.
Sats is one of the best tax collectors in the world, refunds not so good, SA government is cash strapped 😬
Yup. If I make any substantive progress I will let you know.
I wonder if this has legs to hit 600.
The issues of WHT has been discussed for years on here. I think the consensus is that the only way to recover some of it is to hold the shares in your own name or not through a nominee account. Virtually all of the platforms eh HL hold them through nominee accounts and can't be bothered to reclaim WHT.
Personally I sell just before the last trading day as most of the dividend is reflected in the share price anyway, so it drops aster by around the dividend value.
As always DYOR
I'd be grateful if you could keep us informed of your progress. I don't hold a great deal here but, like everyone else, I'd like to keep hold of as much of the dividend as possible...
Thanks.
Yes. I hear everyone's pain.
Well, amazingly, i have made a start. I have registered on the site and submitted the documents asked for and receipt has been acknowledged! Let's see what happens next although please don't think I am optimistic.
Ummm I m south Africa, I very much doubt sars will reply let alone help with giving you 20 percent they could keep, sorry but the truth
Been trying to work out the dividend in Pounds Is the dividend equal to 41pence per share ,