focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Interesting article providing a good summary and insight into oil price going forward.
https://www.worldoil.com/news/2020/6/22/oil-s-big-swing-how-prices-went-from-40-to-plus-40-in-a-matter-of-weeks
Pokerchips: what sources do you use for indications of use in the natural gas market?
We have to have more information in order to vote for the merger, we can't take it on trust that something is happening in the background.
S'right. It's not a done deal yet
Aren't BPC in a position of surplus funding for their drill?
Does this mean the buyout will be possible without raising additional funding?
Better to keep the powder dry until Q2 results end of July. If the supply cuts have started to eat into the 1bn barrels of oversupply AND demand has recovered more, then could look to double the div to 2/3 of original
Commentary for the forthcoming week.
https://uk.investing.com/analysis/oil-market-week-ahead-another-round-of-opec-wrangling-200442293
Hopefully will be falling faster than expected, and will boost the POO.
Incidentally, just speculation and depending on demand restoration, perhaps the board will set Q 2 div 2/3 of 47c on 30th July, before returning to a full div of 47c for Q3?
Good morning all. First post on this board although holder since 2010!
The EA is a real milestone reached. Congratulations to the company and holders for their belief.
Good luck today.
Yes thats the plan. Have look here for the specifics. BR https://www.bzst.de/EN/Steuern_International/Kapitalertragsteuerentlastung/Auslaendische_Antragsteller/FAQ/KapSt_AuslAntragst_FAQ_node.html#faq24684
Not sure about that. My broker (HSBC) agreed to write a free format letter to me detailing my holding and tax paid. This should do away with nominee problem I think. Check with your provider and let me know. The German authorities don't care whether your holding is in an ISA or whatever, they take WHT in any case. ISA should be fine.
I received the below advice from the german tax contact for foreign investors. In summary, complete their form and get hmrc to confirm you are a uk resident. Return the form along with a certificate of tax from the dividend paying agent (I have approached Tui for this, but I suspect it is Deutche Bank AG who will have it). Oh, and a requirement is that youve held the shares 45 days prior to the pmt date. Dear Mr. Capital gains tax at 25% is charged on dividends and certain other investment income in Germany. Sales of participations or securities are not taxable for limited taxpayers. If higher capital gains tax (including the solidarity supplement) than stipulated in the double taxation convention is charged in the deduction process, an application may be made for a refund of the difference. Individuals and other non-capital companies can only apply for a refund of the capital gains tax. The application must be made using the form > Claim for refund of German withholding taxes on dividends<. The tax authorities must certify that the applicant is resident in that country. The claim must be accompanied by a certificate of payment of the relevant German withholding tax (Kapitalertragsteuerbescheinigung). The forms are available in German and English on http://www.bzst.de/EN/Home/home_node.html > International taxes > Capital gains tax relief > Requests From Abroad > Forms. The instructions are included in these files. Please send the application completely filled and signed and a certificate of payment of the relevant German withholding tax to: Bundeszentralamt für Steuern Referat St III 3 53221 Bonn Deutschland I hope the information is helpful.
Makes me wonder why the exec saw fit to indicate 10% annual growth, only to knock it back later... creating a buying opportunity? Haha I jest. Im sure it was genuine, but hopefully they will lean more towards conservative optimism in future.
Yes thats my understanding. If you hold some of their GBP denominated shares and/or non resident in DE, they are obliged to apply appropriate treatment to your div at source (in this case 30.5% WHT). Whether or not your shares are in a tax efficient vehicle in another country is not their concern. Its up to you to establish with your tax office whether you should/shouldnt pay it. Then you may approach the german tax office with a claim. Best give HMRC a call. Best of luck.
Their revenues come from Q2 and Q3 when Europe goes on vacation. Looking back over previous reports its common to make a loss in Q4/Q1, but last year caught them out. Plenty of scope to have a good year and make it up imo.
TUI is a German domiciled company, that has a duel listing here. Divs to non residents of Germany (us) are taxed in Euro at source, witheld by the company to pay over to the german tax authorities. This is down to a dual tax treaty btw Germany and UK, but its based on a common OEDC model.