Member Info for bluemango

Free Cash Flow is increasing by estimated 20%, so more than the dilution. Therefore on a simplistic level, all other things being equal they should at least be able to maintain the current dividend per share.

I'm happy with this acquisition; there will always be some who criticise management but to my mind this move makes business sense.

Will be very interesting to see the market reaction tomorrow, but surely the estimated 20% increase in Free Cash Flow as a result of this is going to be seen as a strong positive

Given the positive price action today, and the fact that some will have been in the know, I would also expect either a neutral or slightly positive reaction tomorrow - given the increased income that will result from this and the speed with which it's being actioned.

Yes closes 8:00 a.m. Thursday but my broker had a deadline of 8pm this evening to apply. Have decided to go for it but it's rather unnerving not knowing the extent of discount. Given the yield is around 13% at current price though, seems rather a no-brainer!

https://www.opuskinetic.com/2019/06/what-is-field-development-planning-fdp/

Seems because of our double taxation treaty, should be 15% WHT, with none if he held in an ISA. Still don't know if W8-Ben covers it or if there's a separate form for Canada, but some suggest it's automatic.

For the coming dividends, will withholding tax apply please? And if so, does a completed W8-Ben form for US stocks also cover income from PetroTal registered in Canada?

First purchase today having done some research, mainly in for the 13% yield but hopefully a bit of capital gain too. Riskier than some I've owned but then that partly explains the high yield.

Yield at current offer price is a (relatively safe) 11.11%.

If July dividend is 6p as some have speculated, that rises to over 13%.

I make the target dividend 0.763 EUR which would represent a near 14% increase on last year, and a 5.87% yield on current price. Anyone concur?

Based on annual dividend payment being a target 5% of opening NAV, last stated NAV was 15.38 EUR giving approx 0.77 EUR dividend for 2022 (assuming no further change in NAV in December). In two equal payments of around 0.385 EUR. This would be an attractive forward yield of 5.47%.

This stuff about having to reclaim tax is a misunderstanding on the part of AJ Bell. The point is that they should be forwarding non South Africa residency paperwork to Link Group so the correct 10% is deducted at source instead of the full 20%, NOT trying to reclaim after the event.

Thanks for the clarification. My experience would suggest you might want to ask A J Bell to request confirmation from the company's registrars Link Group, that all is in place for just the 10% deduction going forwards.

Olderandwiser - are you sure you're able to recoup the overpaid tax once it's been deducted? Surely that would require a claim direct to the South Africa tax office as it's their tax, not the UK's?

My PAF shares are held in three different nominee accounts - two of those forwarded the correct paperwork before the record date, one refused to. All three received the dividend with the incorrect (full 20% WHT) taken off at source.

Hi Gavster-NBC. I see no reason why it can't be done for an ISA, but I'm currently having difficulty persuading Hargreaves Lansdown to complete the paperwork for my SIPP. Easiest if it's not nominee, but these days most shareholdings are more likely to be nominee accounts.

Yes that's the correct form - Link Group had told me it wasn't available online but I should have checked the company's website! All helpfully pre-populated with PAF company name and their tax reference.

I agree about Elias, I assume he's either South African resident - or maybe Kuwait who have a double taxation agreement meaning zero tax!

Can anyone else confirm what Elias is saying, that what the company say about dividend tax isn't true and there are no South African Withholding tax deductions at source?

Hargreaves Lansdown are my SIPP administrator and they're saying they can't (or won't) reclaim any tax overpayment. I'm still hoping they'll forward my proof of non-SA residency to Link Group but as at today that's still under discussion with them ...

Nice Gold bounce today; getting close to the critical 1800 dollar level again; a decisive breakout through that would be bullish for Gold (and miners)

Thanks.

Not forgetting (given its a one-off admin process) the savings in future years if, like me, you see this as a 'forever' hold ...

Just to add, this is a one-off process. Link Group will keep your details and the correct amount will then be paid automatically in future years.

And it's all enabled by the South-Africa/UK Double Taxation agreement of 2002, which reduces the Withholding tax from 20% to 10% if you declare your residency status as not South African.

Here's some further info re PAF withholding tax, for those whose holdings are held in nominee accounts. My plan is to make this my last post on the subject, as it obviously doesn't help the investment case to highlight this.

To have the correct 10% deducted instead of the default SA rate of 20%, shareholders need to email Foreignservices@linkgroup.co.uk and ask them to send you a Non-South African Tax Resident Declaration. Fill it in and then send it to your nominee account holder and ask them to check and amend if necessary, and then for them to return it to Foreign Services Team, Link Group, Central Square, 29 Wellington Street, Leeds LS1 4DL.

Although I completed must of the form myself, officially the completed form should come from your nominee, hence the advice to send it to them and ask them to check, complete if necessary and then return it to Link Group who are PAF's share Registrars. It's the responsibility of the nominee, but most will be unaware of the process and therefore require a bit of persuasion and help by you filling in what you can, first.

Unfortunately the form is not available online to download. Some will decide it's not worth the effort. In my case, it is.