Member Info for fromage

Think of the upside. This is "cheap" in the context of sales and prospects in a pots-crash era. I have bought some more.

BeBold : good decision. This has been my best share holding, and now it has 90% paid for itself in dividends it is pure profit from here, with a long life. Morgan Chase seems to be of the same opinion. I was not aware UK had a coal industry, but I am glad to hear it!

click on RNS and look down the announcements for "dividend". The title gives it away

I really hope it goes ahead, as a pure coal company will be a great share to have. Lots of income and a cheap price! Could sell up in GLEN then and buy up the new company.

Pleasingly as I write the share price is 44p up on the price it was less gross dividend, which is great news, and a contrast to performance on the last dividend. It indicates there is a consensus of a good future. Things are looking rosy again.

I see someone has just bought 1 share, 10:56 am. Welcome to the Happy Owners Club!

But it indicates you should not sell now that UK has partially dropped.

I find this dual date business an odd thing to do. The share price can drop more ex-div than the dividend itself, or less, so a UK investor could look at the SA market to decide whether to keep and have dividend, or to sell. SA is (now) down 19.9% so keeping same value. That's no help!

hipete & LOTM : I don't think you can do it as part of your self assessment, but it has to be a special form submitted to Computershare who are handling this. UK gov does not have this money, so they cannot "reimburse" you. While you may be able to get a declaration form to do so, AFAIK it will not be accepted unless you are the registered shareholder, and if you are using an investment platform like most of us, you are not the registered shareholder, they are. The platform owns the shares, not you. The TGA register will never have heard of LOTM (or LOTM-13 for that matter) so even if you did get it passed Comptershare the registrar would ignore it.

> Looking for an opportunity/entry point, back into RIO.
Now is a good time. But not a good time to sell BHP in my view. Nevertheless, if you had to feed just one, I'd go RIO.

Partial sale by MBU looks like a positive, but I fail to see how anyone can say BEN shares are very cheap on the fundamentals, when the whole point is there are no released fundamentals. These are eagerly awaited, but never forthcoming.

The answer is plus four.

I am not sure whether it is a cardboard cutout, or whether it's a real plastic inflatable.

@ diamondguru : when they pay the dividend, it is paid to share owners recorded on the books at a certain point in time, but it is of course paid at a later time. If you buy the share BEFORE ex-dividend date, your broker therefore has a number of days to get his forms filled in, or data files transferred to the registrar. A couple of days or so is usually deemed sufficient. Standards were probably set in the era of messenger pigeons, or sacks of mail on a camel's back.

Are you missing something? Probably. Percentages are not comparable like that. The dividend per share is 178p less 35.66p withholding tax. You would claim back half that tax, so 18p rounded.

Share price is 890p so 2.8% of that is 25p, rounding. To my way of thinking, spending 25p to get back 18p is not a sound policy, even though I would agree that "2.8%" is less than" 20%".

If it is manipulation, then the only entity that can do that is the company. No PI can be making a killing with a depressed price. If your hypothesis is correct, the only mechanism I can think of is depressing the price for a private sale, so PIs then get the "market rate" rather than the "backhanders"* given to the directors in the course of the sale. Any other explanation?

so the tax saved is less than the cost of transferring there and later selling

But a fee of 1.4% on buys and sells is a heck of a charge.

DropD, I am looking forward to proper production, which will have a significant impact on SP when reported, but do not agree that AW and MBU want dividends. They do OK with salary, bonuses, selling discounted shares, and buying parts of the business from each other.

@ Edward - gross of income tax I expect, but gross of withholding tax? What happened at the last TGA dividend?