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Seems I was wrong. The below from copilot.

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Here’s how it breaks down:

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💷 Tax on Automatically Reinvested Dividends (DRIPs)

If you’re using a Dividend Reinvestment Plan (DRIP) through a retail broker — where dividends are automatically used to buy more shares — the UK tax treatment depends on when and how the dividends are reinvested:

🧾 Income Tax Liability

• Yes, reinvested dividends are still subject to income tax in the year they are received.

• HMRC treats reinvested dividends the same as cash dividends — even if you never see the cash.

• You’ll owe tax if your total dividend income exceeds the £500 dividend allowance (2024/25 tax year).• Basic rate: 8.75%

• Higher rate: 33.75%

• Additional rate: 39.35% A

📈 Capital Gains Tax (CGT) on Sale

• When you eventually sell the shares, CGT applies on the gain — i.e., the difference between the sale price and your adjusted cost basis.

• The cost basis includes the original purchase price plus the value of reinvested dividends (since those bought more shares).

• You’ll only pay CGT if your total gains exceed the £6,000 CGT allowance (2024/25 tax year) A.

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🛡️ Tax-Efficient Wrappers

If your shares are held in a Stocks & Shares ISA or SIPP, then:

• No income tax or CGT is due on reinvested dividends or gains from sale.

• These wrappers are the most tax-efficient way to invest in dividend-paying stocks A.

If you receive the cash dividend into your account you pay income tax.

If they're auto re-invested by the broker so that you don't receive the money, then you haven't received the dividend end of.

You pay CGT on any profits over £3k from the purchase price.

So many people willingly allow themselved to be double taxed (income and CGT) on their tax return.

DYOR - But I've been down this rabbit-hole before and think I'm right.

Stupmy

'Auto'-reinvested dividends via the broker are taxed as CGT not income. Just saying.

What a difference -3.56% on the share price makes. All of a sudden shareholder sentiment goes from

Buy Buy Buy

to

Sell Sell Sell

What changed about Harbour Energy?

Nothing.

If you can't cope with -3% you're not going to make a very good investor.

Well some more cheap shares with the divi then.

In the left side of Miliband's brain there is nothing right. In the right side of Miliband's brain there is nothing left.

Cat5

Hot air from Rachel Reeves to promote Labour in Scotland.

Difficult to hide macro information in the oil sector; it’s too well covered by the media.

More likely the usual volatility caused by billions of dollars shifting around in funds and derivatives from hedging and other speculation.

No doubt this message will be ignored by Miliband. I’m afraid stupidity is baked into the Labour Party.

Why radio silence?

Assuming they have at least an okay update and no dividend cut, why dribble the information out early? It has more impact in one big slug.

However, as the only person who attended their AGM from this Bb (I think) and having gone through all the security, they do seem to have a bit of a seige mentality.

At AGM entrance:

HBR Security: "Is that your wallet sir?" (Pointing to the big bulge in my pants)

Me: "Yes"

HBR Security: "Can I see it open please"

** That's right, they checked inside my wallet wtf!

TBH funds will sell a stock for lots of reasons including unexpectedly large redemptions and margin calls on other investments.If they need the money quickly, equities are a liquid way to get cash and they won’t care about the underlying fundamentals of a company if Goldman are on the line demanding money; they’ll just sell.

So highly liquid companies like Harbour and always in the firing line unfortunately.

British bulls has this as a ‘stay long’ position.

Everything is flat waiting for results.

Like I say, the market is saying “show me”.

… unless a rumour takes hold in the meantime. Either way this is a LT hold for me so I don’t care about the day to day wiggles.

Morgan

Tariffs being used as an excuse for bad performance perhaps?

Meoryou

How grumpy will you be if you sell and the shareprice gets to £3 in the next 6 months?

Not much movement currently; most of the intersections on the daily chart point to something happening around the 7th August- and we all know what will be happening then.

Meanwhile the market is saying “show me” to HBR.

Not long to wait now - just hope the result are at least okay.

Oj17

No idea wtf you’re on about.

The late drop in shareprice doesn’t make any sense. Nothing apparent on the trade sheet. I’m tempted to think there’s a significant amount of unreported off-book cross-trading here. Thought this for a while but impossible to prove. LSE regulations are clear on reporting but can be circumnavigated it seems. If I’m right (and I might not be, who knows), then you can’t believe the trade sheets at all. A total waste of space. Comments welcome.

See AI comments on this matter.

Potential for Unreported Trades:

Complex Transactions:

Some off-book trades, particularly those involving complex or bilateral arrangements, may be harder to track and report accurately.

Compliance Issues:

There can be instances where reporting obligations are not fully met due to human error, deliberate non-compliance, or lack of oversight.

Enforcement:

While the LSE has mechanisms to monitor and enforce reporting rules, it's possible that some unreported trades may slip through the cracks.

Non-Publishing Reports:

Trades can be reported as non-publishing trade reports, which means they are not disclosed to the public, potentially making it harder to detect unreported trades.

Is this the Gardeners Question Time site?

It’s at times like these that wealth changes hands from poor to rich. Mega wealthy knobs want to pay £2 a share for my block. They can go whistle. Shake the tree as much as you like; this retail investor is staying put.

I wouldn’t sell my house for a third of its value either.

DUBAI, May 14 (Reuters) - Egypt signed an agreement with Harbour Energy to expand exploration and production operations in Disouq gas field in Nile Delta, the petroleum ministry said on Wednesday. (Reporting by Ahmed Elimam; Editing by Emelia Sithole-Matarise)

Laidback and Sittingduck

Agreed, but this share is frustrating. I added 25k on the market open today and seeing the price at midday thought I was lucky to get the opening price. Checked again at market close and the SP is back where it started.

I'm not sure many have listed to the "financial sense" link I posted earlier; but I absolutely recommend a listen. The bull case for oil and gas stocks is clearly laid out - but will take time.

Incidentally, it's also worth listening to Dumbly's interview link where Serica CFO Martin Copeland hints that the Govt are coming up with some sensible changes to the EPL (details in the interview); so this should be an extra positive once published - if they can avoid ******* it up.