Member Info for Bunky1981

Have you tried asking interactive investor about it?

They're not experts. They're basically just large admin processing centres with vary degrees of tech implementation. This sort of work generates little to no revenue for them, and is just a resource drain for them.

You should try dealing with Computershare or Equiniti, who have had vast market share for decades. It's like dealing with the Flintstones. I would encourage anybody with elderly relatives to confess to having some ceritificated FTSE shares in a shoe box somewhere, and get them on platform and digitalised before the day comes. It's the best gift you could ever leave your executors :D

Yup. I'm amazed at the amount of people running around like headless chickens. Unless you were planning on trading today, just log off and do something else until tomorrow. As if these regulated and insured multi billion pound institutions don't process this sort of stuff on a daily basis.

I thought they were at 11p originally, so should be £2.20? Or am i just going mad?

YNWA - respectfully, I don't see the difference between what you've described in "getting a dividend means you can reinvest etc etc" when compared to company simply keeping the cash and the SP rising accordingly?

You can have 100 shares worth £100. The company pays a 5% dividend (taxed at 20% for the sake of argument) and you get £4 in your pocket. So you buy £4 more of shares and you now have 104 shares worth £100.

Or, you can have 100 shares worth £100. The value now rises to £105 accordingly cum divi, and the company doesn't pay a divi. The company still has the £5 of cash still the SP remains and you now have 100 shares worth £105.

Even if the divi is tax free (pension/ISA), you find yourself in a position where you HAVE to reinvest the divi, simply to retain the value of the profits which you otherwise would have kept anyway by them simply not paying out a dividend? So what was the point in getting it in the first place, if you're just going to reinvest it again?

YNWA - I tihnk it is similar in principle (and more tax efficient too, as CGT is signficantly lower at higher/additional rate than Divi tax). A dividend is just the company handing out retained profits. They could keep it in the bank instead and that would be reflected in the SP. Hence the drop in SP between cum and ex dividend being typically equal to the value of the divi paid. I'd rather sell some stock at 24% CGT than receive the same value with a 39.35% dividend tax attached.

So I'm with Jerry on this. Never understoof the desire for dividends. I'm personally nervous that GGP will rush to pay a divi, instead of reinvesting capital and pushing the SP, following pressure from institutional shareholders. It's also the bane of the FTSE100 and British investing culture (in my humble opinion).

Anyhoo... that's why I agree with Jerry and hopefully I've understood what he's saying there.

Jerry - I didn't know that. Very interesting and would certainly lend weight to a divi, sadly.

Haha. Very good, touché.

Tymers, you say that, but respectfully I don't think that's an accurate statement. Of the companies on the NASDAQ, only about half of them even pay a dividend and even then it's less than 2%. Or even the S&P500 when 20% still don't pay one and even then average is still 2.5%. The Nikkei at 2%. Dax at 2%. Cacs at 2.5%.

Compare that to the FTSE where they all pay a dividend and the average is over 3.5%. So there is an undeniable British demand for dividends. Very much the expectation, which is often evidenced in this forum alone.

I've spoken first hand to board members of FTSE companies who bemoan the fund managers coming in a few times a year to "tell them" what dividend they're expecting, in order not to "have to consider whether they can continue to hold the stock".

Which index would you rather have been invested in this century? I do not, and will never understand why anybody wants a dividend. You could simply just keep the retained profit, see the correlating bump in the SP, and sell the same amount of units to create a similar gain but with a lower tax bill. While at the same time backing the management of a business that you've already presumably backed, to use your money more wisely. As opposed to paying tax on a divi, only to then buy more shares of the same company with it... which is what I see countless people doing.

Ha. I appreciate that a young gold mining company is absolutely not the right demographic of investors for me to hold this opinion though. I've worked in financial services for a couple of decades, with countless meetings with countless asset managers... and they always seem to admit the same conclusion. It's just to keep the punters happy, even at the expense of growth. Anyway. It's not too important, I'm just debating. I would be fascinated to see some data on generational perception of dividends though. I think that would be very interesting.

...is an update on the feasiblity of a commemorative cold coin from Hav's first pour? I'm concerned we're all getting far too carried away with the investing, and not focusing enough on the whimsy.

The one thing about this stock that depresses me is the phrase "I'm a dividend type of guy".

No! Please no! I don't want a dividend. I want you to reinvest the profits for further and exponential growth, getting the same (or better) additional return as a dividend, but at a FAR more efficient tax rate on CGT than divi tax. Why oh why do we Brits culturally insist on bleeding our cows rather than letting them grow. It's such a hangover from last century.

Seriously guys... what happened to "if you've got nothing to say, then don't say anything at all".

He's just asked a question on an investment. He doesn't need your opinion on his investment accumen and approach. you could simply have just said "I'll be voting yes, and i suspect most others will too."

Some might see it as a great opportunity to get an agnostic shareholder to vote the way they personally want them to. I just find it weird. There will be people here who have day jobs and only a few hundred quid invested. So what if they just want somebody to tell them what to do if they don't have time. Meh. rant over.

Yep. Good for those with a slightly higher risk appetite. Or even loan trusts. Loads of options. I hate IHT. It's morally wrong and so easily avoidable. I think that's why I get a bee in my bonnet about it :)

The most bizarre one that we regularly come across, is a widow/er sitting on £500k+ of liquid assets for potential care costs, while living in a £1m+ house that they "want to leave to the kids".

As somebody who advises families on this subject, I can categorically confirm that wealth hoarding by the current older generation will certainly not make them appreciate their own earnings more. In fact it will often just show them the futility of their hopeless average wage compared to the historic one. The more likely outcome is that when the inevitable IHT bill arrives (and there's always some IHT) the far more likely emotion is a resentment from both your adult children and your grandchildren. I've been through countless probates and with adult children scraping through middle age life, insane childcare costs, low wage growth, etc etc, only for them to turn 65, their parents die, and they find out there's been £1m of ISAs sitting there all this time, now taxed at 40% becuase they also owned a modest 3 bed house in the South East that's used up their full personal allowance for IHT. I can't count how many familes are left with a bad taste in their mouth and negative feelings towards their own parents. You can say "well then they're selfish brats". In fact you can say what you want, but you'll be dead, so it won't matter what you think. But I see it all the time and even the most loving children in the world will think "ffs, you could have made such a difference to our lives with this earlier".

It's so depressing to see wealth revealed after death, that would have helped one's family so much in life. Not to mention the pleasure of actual gratitude in life, rather than when one's in the ground. Imagine watchin your 20 something year old children struggle to get a house deposit together, when you could chuck them £30k for a house deposit, and enable them to start saving into their pension age 20 instead of 30 as a result. Compound rolled up growth. It's vast. This is covered off well in the book 'Rich dad, poor dad' and shows how how this type of thinking is, candidly, nothing but detrimental to generational success. I'm a good example myself. Had some help with a house deposit after uni, have therefore been able to take some entrepreneurial risks as a direct result, and have done pretty well in life accordingly. Another example is that I've never needed any kind of income protection or Critical Illness cover. I was assured early on in adulthood that I shouldn't waste money on that as I wouldn't end up on the streets if it happened. As such, I've saved £100 per month for 20+ years on insurances that somebody with more guarded parents/granparents would have done. Invested it via a pension instead, thus receiving 40-45% tax relief and ended up with £100k+ more than my peers... and it hasn't cost my parents/grandparents a single penny other than the reassurance that we're a unit as a family and the goal is that the family is wealthy, not just the individual.

Anyway. Sorry for the long rant. Wasn't trying to start a huge debate on it. Each to their own. It's just an emotive and frustrating trigger point for me it would seem. haha. Carry o

Yes. Yes you are.

But who said that's a bad thing?

Of course it's a completely different company. Doesn't mean it's not interesting though. I don't think anybody's actually going to be making investment decisions based on this post.

Great post. Simple and easy. A sensible reminder for people to keep their feet on the ground... including myself.

Most decent platforms will facilitate a 'Bed n ISA' at no cost. It's the cheap D2C ones that tend not to.

Weirdly, I hope they do get it to 6p. I'm sitting here looking for one more little buy to get my total to 2m and that would also get my paper loss % to something slightly less nausea inducing. I've completely given up thinking that the SP has any correlation to the actual fundamentals of the company. So it's just pin the tail on the reindeeer for now and wait for Christmas 2025 instead!

Although I did enjoy using the opportunity this week to show my kids some videos of what an Ozzy land train looks like. I'd rather have one of those than a Ferrari.

@HungryBadger

Sounds like you and I have identical buying patterns!

"I shall buy zis only vunce!"