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I think you have hit the nail on the head @johnpohn - I think NRR have become one of those companies who likes to operate secretly and not talk to investors. We mean nothing to them anymore. A bit like GCP Infra., and J.Laing Enviro. They only tell us what we need to know. Thankfully I am out now, and the proceeds have been very welcome for topping up elsewhere.
@urbanguru - sorry, missed your question as I am no longer in NRR. Ask on the DEC board if you dare. I get roasted every time I show my face on there because they don't want people to know. But basically, the problem is if you are with a bank based broker (Lloyds, Halifax, I-web, HSBC etc). Computershare handle the dividends for DEC, and they pay the bank-brokers with 30 percent already taken off, even if the individual investors have a W8-BEN in place. It's all just a fiasco that no one will take responsibility for. Other brokers are paid with 15 percent withholding tax taken off, some new App brokers seem to pay out the full divi (leaving the investor to be responsible for dealing with the US tax authorities). ISA's make no difference, SIPPS are paid the full amount. It just all needs investigating and making plain what the problem is.
@hunter64 - although I am sure that Mr.Investment is trying to be clever and insulting with his comments, he is correct of course. AIM oil and mineral explorers are only for the very brave and very foolish. A combination of both is ideal.
I lost £thousands listening to corrupt directors and their thousands of followers on these boards. Fortunately I eventually saw through them and over the past few years I took my loses and am now invested in 70 quarterly dividend paying companies. Very boring to the likes of Mr.I and his ego, but what a fantastic feeling to have 70 dividends a quarter coming in. I thought I would miss the excitement of the AIM, but now I just see it for the massive joke it all is, and to keep me happy in my retirement I have 70 companies to track and follow the dividend announcements, ex-dividend dates, and payment dates, making daily adjustments to maximise the income, and it more than doubles my pension. Soon it will pay for my apartment overlooking the sea. How very boring it all is.
The only two "risk" companies I kept were UJO and Reabold. As I narrowed down the dross, month by month, throwing out the weakest links, I ended up where I am, the two best opportunities, both now in profit, and I still have lots of faith in them, and have every confidence I made the right choices.
I come on LSE every day to make fun of the bullies and pick a few arguments, so please don't feel put down my Mr.I and his seven (so far) followers. Feel free to express yourself and follow your instincts. There aren't many of us who are honest on these boards.
Well, I had a top up yesterday to try and reduce my average, as this is now my portfolio's biggest loser. To sum up the half year report - quote -
Ian Reeves CBE, Chairman of GCP Infra, commented: "It has been a challenging six months for the Company..... - unquote.
Shall we just leave it at that and put the rest of the report out for recycling ?
But not to worry, the lower price makes the yield look even better. Perhaps those demanding the world goes green should start investing in companies like this ?
Looks like the fundraising was known about exactly a week ago when the price fell to 107p, and a further fall today when it was announced. Maybe it's time to put more money in now the dividends are regular, but it's another of those companies that will always be asking for more, so I don't expect much growth.
Look back a few pages at why I took against Krusty. I couldn't even remember because it means nothing to me, but someone called Bobsdad asked for some advice about buying through Primary Bid, and I answered him. Krusty, who offered no help to Bobsdad butted in and gave me a load of grief about Primary Bid, and made it personal by quoting what I said in previous posts. He had a fair point - I changed my mind, took profits from Gore and reinvested at the lower price.
I invest in 70 quarterly dividend paying companies. A few of them really appreciate their investors and look after them. In return I keep adding to my investment and never sell. Others like Gore, DEC and many others treat shareholders like they don't matter (which they don't of course) and constantly raise money at lower and lower prices. So you have to play these companies at their own game. Take profits where you can, grab the dividends in between.
What I don't like is people who post day in, day out for their own means. I had years of that when I used to invest in petty little oil companies on the AIM. Gangs of rampers plotting to take money off naive investors. It's shameless, and LSE allow it. I infiltrated one gang to see how the operate, they shut anyone with a different view down with vile insults and threats, hiding behind their funny names and massive egos.
We are all anonymous entities. Anyone who takes things seriously on these boards, or Facebook and Twitter is deluded. Come the day people have to use their own names (I use my own initials, LSE have my name and address) THEN we will see who still posts and insults others.
As for Gore, it is a 7 percent interest bank account. It isn't a growth company, because the directors will always want more money, and batteries have a limited lifespan.
Krusty has it wrong, I am not a bully. I come on here to fight bullies and rampers. It's my mission in life. I love my job.
Krusty is a bully, seen_it is a ramper.
Every day I see someone has posted on Gore, so I click on to see what the news is, another fundraising ? Have we struck oil while constructing a battery stack ? No, it's just seen_it posting rubbish.
Any news yet, any news yet ????
Any news yet ?
Yet ? Hello ?
Hello Gerry, yes there was a bank holiday involved. It was the perfect storm of the two favourite dividend payment days coinciding and a bank holiday following. So many dividends are paid on the last Friday of the month and the last day of the month. I suspect that maybe someone was also on holiday the following week at I-web/Halifax etc. All the seriously delayed dividends were from REITs, except UK Wind.
All the end of May dividends have been cleared, still waiting for one from 4th. June and two from yesterday. To be honest it's all a hobby to me, and I like to keep up with paperwork - dividends have to be checked of course. I've had quite a few Reit's paid in my ISA with tax taken off which I-web then take two months to reclaim. I also had one instance where I was paid too much dividend and used "Live Chat" to tell I-web, but the young lady cleverly asked "Did you work that out all on your own" and then cut me off..... so I kept it.
You are certainly coming across as the clown. Laughing at your own jokes is never a good sign. Then again, the clown would have steam coming out of his ears by now.
The fact is, there is NOTHING to post about, get yourself out in the sun and just forget about the blatant ramping. Or do you get paid per post ?
There is no one better equipped to comment on "grands" than the dukeofyork. A bit like our share price and trades -
And when they were up, they were up
And when they were down, they were down
And when they were only half-way up
They were neither up nor down
Looks like there is only you left @seen_it_done_it Are you sure you aren't "the clown" without his mask ?
I think GSF haven't done themselves any favours paying a small dividend as the Final. No one will get excited by that. Time to start paying 1.75p quarterly ? A steady income.
Please turn the lights off if you leave, save the battery.
As far as I-web are concerned, I have just had a splurge of dividends come through from the end of May. Just missing one from last wee and two from today now.
They have also put the following on their home page, no doubt they are fed up of people asking -
"We aim to pay dividends as soon as possible, however all payments will be paid within 10 working days of the payment date"
I apologise Mr.G. When you are a lone sniper, and under fire from an enemy so uncouth that it has yet to discover punctuation, I am afraid that there is no time to check credentials. You just use whatever weapons are available.
I too have investments that have been remarkable for both dividends and the occasional trading. DEC has been average, I bought in almost a year ago at, I believe 131p. People were saying it was a growth stock then.
All I am asking is that someone (company or registrar) takes responsibility for sorting out the ANOMALY that has occurred because of the unique tax situation, that no one fully understands. People are paid vast amounts to understand tax situations.
Unfortunately there are people who start crying or screaming whenever it is mentioned. It isn't going to go away.
Yes I could move my holding to another broker, but that would involve selling from my ISA, moving holding from my trading account to my ISA to free up some money, transferring it to another broker, filling in another W8-BEN, and then having capital in the wrong account should I need it. So it's easier to just keep having a moan until someone listens, or I have enough profit to sell out and forget about it. IF everyone were in the same position, something would be done.
Thank you 13martyn13 - I do have a very large holding in NCYF, and currently 69 other quarterly dividend payers, which are my speciality. I am shocked you think DEC will provide capital growth.
Does it not buy depleted assets in a dying industry ? Doesn't it then squeeze those assets, cap, and write them off, paying out practically all it's profits in dividends and a staff perks ? Then it raises more capital to buy more depleted assets to pay more dividends to more investors, and more staff. It's like hot air going into a balloon. Eventually it will burst.
Hey Mr.G ... good of you to pop in. I had lengthy consultations with Theresa two years ago. She reached out to Computershare on my behalf. No we can't move on. Block me !
Morning all. Another sunny day to sit in the garden fighting bullies. It's intriguing that no one has answered arsenal - just like I was ignored when I asked questions three years ago.
It totally depends on your broker arsenal. If it is owned by a bank you will be stopped 30 percent.
Yes it is a tax problem. I can't solve that. The only people who can are Computershare who aren't interested. DEC pay Computershare so they should put pressure on.
If you don't like me, block me. The more I am told to sell up, the more I will post.