Member Info for diamondman

@Krusty. Before you say Rubbish please read again.

I didn't say anything about UK tax or ISA.

I used the gross div ( 41.22p) and the net div (32.98p after the SA WHT) in my calculations.

I Know inside the ISA or SIPP it's free from UK div tax.

Let's say I have 5000 shares.

At 709p they are with £35450

If the share falls by the gross div (41.22p) its 667.98

Therefore 5000 shares = 33339. Diff of 2061

However I get a div of 32.98p /share = £1649.

Difference between possible share value and div = £412.

If I buy back its probably not much difference so I think its a close call as the SP could fall more or less than the div.

It's SA x div day and the SP initially fell over 6.5%.

Slowley recovering now.

I expect a similar reaction here tomorrow. Has anyone done a calculation to determine if its best to sell today or hold. Bearing un mind we small holders will suffer a 20% WHT?

China action powers all miners today. AAL at top of heap.

Is the market ignoring the rise in the oil and coal price!!

Follow the coal price to see where this SP goes. OPEC + are forcing oil price up so there will be a switch to coal electric generation becomes more favourable.

Buy into winter IMO.

Last time they bought just before the dividend and sold just after.

RetiredBanker,

Don't disagree the coal price was low when Anglo span it off, however the main reason to divest of coal was bolster its sustainable credentials and not loose investors due to climate concerns.

SCB I bet you wished you bought some TGA shares a few weeks ago, which h is going UP UP UP, rather than sticking with BOO with is going down down down.

SCB

I still have lots of shares (I worked for Anglo, had a fair few Anglo shares and then given TGA shares for free.) As I stated previoisly I had to sell near most near the top, I have now started to buy again.

Unlike you, I do know about the mining industry from the inside. As long as coal is used for the energy base load (which it is in most of Asia) it will always have a support level, esp as not many new mines are being developed, so supply will be restricted for decades.

Most Asian economies run on coal for base load.

Of course your right the coal price is King for this share. Which is why I follow it closely.

Afraid to say Boohoo are in terminal decline will be 20p soon.

33p

SCB I would not worry yourself about this share that most of us have been riding since the IPO, esp as you stated you don't hold any and are not planning to.

I would concentrate on your Boohoo board where the share has gone from over 400 to

Sept 23 coal is $121/t

https://www.barchart.com/futures/quotes/LVu23/futures-prices?page=1&orderBy=contractSymbol&orderDir=desc

What a change from 6% down to 5% up today.

I'll be looking for good forward guidance on Monday from the management

Focus on real news, like coal prices, China, India, big users of coal. Coal is used to create a base load electricity in many countries.

None of the chat on here has any affect on the SP.

I made £100k last year on TGA as fortunately I was buying a house and had to cash in near the top. still have some shares. I worked for Anglo and had loads of shares in TGA at the initial price and also understand commodities.

Don't listen to anyone except the coal price and China/india/eu import requirements

Also @SBC there can't be an absolute record low on coal unless its inflation adjusted. I'm sure coal was lass than $1 ton at some time.

Thungela Resources Limited will release its interim results for the period ended 30 June 2023, on Monday, 21 August 2023.

Including any dividend announcement

can we all just stop ****ging each other off and get back to useful comments like most of them were before last week.

don't rise to any bait and it should all calm down. baiters will get fed up being ignored and eventually go away.

How many more days of about 2% down will there be?