Member Info for AngelsOneFive

Agree many are LTH keen to hold on for a bumper payday. With 36% of shares held by insiders, if business continues to develop along the current positive trajectory, my guess is that one day we will wake up to a bid with the recommendation of the board.

atb

I did a few calcs taking 4.5p as share price and 182.2M as the no. of shares in issue.

Just £8200 buys you 1/1000th of the whole company (ie. 0.1%). From the Crystal research (august) 36% of shares are owned by insiders and only 3% by institutions, so the majority (61%) are in private hands. But my guess is that there aren’t that many shareholders in total. If each PI had £1000 worth, that would only be 5k shareholders, and I think many on here have quite a bit more than that.

atb

How to filter:

Make sure you’re logged in.

Look just above the most recent comment on the board.

There should be a red share chat box, another for filter and a third for view.

Just pick the filter box, enter the account which you wish to filter and get your sanity back.

atb

WRT your annoying adverts on LSE.

Mr Trek recommended the Brave browser app a few weeks back which filters adverts. I gave it a go and now I only regularly have one persistent talking head lady in a pop-up box to deal with. First world problems, eh! atb

We’ve had 50 posts by 3.30pm. You’d think something important had happened.

But no …..

Hopefully when school restarts people will have better things to do.

atb

The autumn divi last year was about £3, or £2.40 after the withholding tax. It clearly won’t be as high this year, but should still make a serious dent in your £1.89 per share shortfall. Not too long now to wait to find out the real numbers.

atb

To clarify:

I realise that CUSN is not planning to mine for lithium itself, but it does have some relationship with Cornish Lithium (CL) who are. See CUSN website for details.

atb

I’ve just read through the 20 odd posts in this thread and I’d like to commend both Major Oak and Southwesterner for making their points with civility and not taking offence at criticism of their prior comments. I now understand so much more about the pertinent factors in the (hard rock) lithium extraction process.

atb

A presumed orphan drug designation value of about $10M compares very favourably with a current total market cap of under £6M (at 3p per share) Nice!

Hi Pictsloup,

I’m pleased to see that HSBC have managed to deliver the divi into your ISA without withholding tax taken off.

Did you have to complete a form similar to the W-8BEN my ISA provider had me do for my USA holdings?

And is your HSBC ISA just a straightforward stocks & shares one?

So far as I know, you’re the first on here to successfully swerve the withholding tax.

atb & good luck.

Well, they didn’t hang about at the AGM. Maybe they’ve got a nice lunch planned. Started at 10.30am and by 11.02am we have an All Resolutions Passed RNS.

Must admit I was a little surprised to see in the earlier RNS that Dr Connelly being interviewed by Wisconsin local TV was in fact worthy of an RNS mention.

atb

Holding in an ISA is a good long term move as you avoid issues with UK capital gains and income taxes (eg. when taking an income from your ISA).

However, in this case a full 20% has been withheld from the divi by the South Africans.

This contrasts with my holding in Australian miner BHP where I believe NO tax is withheld at all.

Of course, this 20% TGA tax is what gives succour to the idea of trying to trade around the ex-dividend, selling before and buying back after. But that wasn’t a good (immediate) strategy this time around.

Anyway, nice divi dropped today. Saw it, spent it!

atb

Hi, the question of avoiding the withholding tax has arisen around the time of both previous dividends. Nobody has been on here suggesting they’ve cracked it.
No hope in hell for anyone with ISA, SIPP or online trading accounts. The only way in theory is some complicated process requiring shares held directly in certificated form.
I just view the tax as my contribution to South Africa having the money to get its life in order. Possibly a forlorn hope, but maybe one day they will make some progress and keep the lights on.
atb

Hi. The numbers in brackets are presumably to signify a loss rather than a profit. Hopefully we will have fewer brackets going forward.
atb

Thanks for finding this. My question would be: What did the same page say last week? Has it changed? What’s frustrating is that if you know your way around these reports, it’s probably as clear as day what it all means. atb

I’m not Trek, but:
The bare answer is that the cash in the bank was $9.05M in 2022 down from $22.88M in 2021. BUT , Net assets were up from $37.7M to $38.22, so the CASH answer may lie in increased company loans to Konnex subsidiary plus change. ie. it hasn’t disappeared.
I await clarification from an actual accountant.
atb

In some ways I’m pleased to see that there doesn’t seem to be a clear cut best course of action around trading the divi. In the end I sat it out, partly because there was so much ‘other’ news in the air to affect the price. And anyway, for the amount I planned to trade, it seems with hindsight that what I might have gained would only have bought me a big pizza with some nice toppings. I will await the nice divi in October to finance the proper 3 course meal. atb

Agree Redbull, the share movements on the day the 90p divi went XD were not straightforward at all. This next 300p divi is a full 16% of todays share price. I really can’t imagine the SP falling by 16% at XD, and if it only falls 12.5% then my possible sell/buy trade around the dividend tax would not be worthwhile. At least I don’t run stop losses. Anything up to 16% below today’s price would trigger should the XD result in a full 300p fall.
atb

Anyone here have any thoughts on the practicality of selling before & buying back after the XD point? On the face of it, with an efficient market and no wider influences, the SP should drop 300p at XD whereas I’m “only” getting 240p to my UK ISA due to the unavoidable 20% withholding tax. With no stamp duty and just the spread (4pence) and dealing costs (2x £5) to face, there might be about 50p a share there for the taking. Anyone tried this elsewhere? Or should I just buy last thing on 21st assuming others might try the same ruse and flood the market with share sales?
atb

Very helpful article, thanks.
I got a (very) few of these in the Anglo divestment and only kept them because of dealing costs. I looked again and added after a mention by Trek elsewhere.
For many months, financial sites showed the yield here as zero, because TGA had no official dividend history. That’s solved now, but TGA is not front & centre for many UK investors as the primary listing is now in Johannesburg and I understand that it’s therefore not eligible for the FTSE lists in London. At £2 billion mkt cap TGA would be cropping up all over the FTSE 250 lists were it to be eligible. There can’t be many London listed shares paying dividends of over 25%.
atb