Member Info for fromage

Not so easy. I have been caught before by mining startups, and resolved not to repeat the experience. GL, but not for me.

It's good to see the share price beginning to make a recovery. It would be even better if I had some money to buy some more!

Dessy, what planet are you on? No large miner has increased its share price in the last 2 years.

A 12% drop during one day is truly remarkable. There must be something we are not being told.

So on the 10th they preannounce that on the 19th they will announce the results and need to explain them. Since then shares drop like a stone.

@nufc Maybe it is time to change your investment platform, this is pretty serious and fundamental. With 2340 original shares you should have received Valterra. Perhaps first threaten them with reporting them to authorities if they don't find them, and - after the dust has settled - then changed platform.

The worry for me is the implication that GLEN or a replacing merged entity will be entirely AUS quoted, and not accessible to us UK residents.

Drferns - as OR said, read the website circular. Paying an expert for advice is probably not worth it, so you could sell if in doubt, but as I read it you (assuming UK individual) will pay income tax on the value of the demerged shares you get.

Thanks tophat, that is welcome information.

I am not convinced that reducing the size of the company does make it more attractive to investors, extrapolate and you can see it shrinking to insignificance, attempting to become a FTSE 250 company. When I look to buy shares I look for growth and return. Return in the sense of dividends, so in both these aspects buybacks turn me OFF buying that company. One reason it is done could be that directors' pay may be based upon metrics which include EPS, which of course is the result.

I would prefer surplus cash to be spent in growing the business, or if no opportunities are seen for that, returned as dividends. THAT would encourage new investors and make the company more attractive to people like me.

Another reason for buybacks in general is that is reduces the free cash. If this builds significantly it makes the company more liable to be taken over, which of course puts the directors out of their lucrative jobs.

Could they return? Not if they take my advice. But they didn't last time :(

In fact they did not even bother to ask me ...

@ OR : Cash is always worth having. AAL shares maybe not, because if you want to spend the cash I reckon other miners have more to recover from, and more chance of doing so.

Not sure about demand growing rapidly, but surely these prices are unduly subdued. China has to pick up soon.

GRQ, it does not work for me. I am a long term holder of things, but as one of my shares was a perpetual yoyo, i thought I would sell, rebuy in a dip, sell again when high. But it didn't work. When I thought the dip had arrived it kept going down (this was pre-Trump) and in a few cycles I had an overall slight loss.

I would not sell HSBA, even though my average price is £6.64.

Driftking, I think you may be misinterpreting the situation. Shareholders in UK receive dividend in Sterling, shareholders who receive divide in Rand (who are on the SA register) but who reside outside SA will have the usual SA 20% withholding tax applied. That's how I read in anyhow : https://www.bhp.com/news/media-centre/releases/2025/02/notice-of-dividend-currency-exchange-rate-south-african-rand-interim-dividend and https://www.bhp.com/news/media-centre/releases/2025/03/notice-of-dividend-currency-exchange-rates---2025-interim-dividend.

No. Tax is nothing to do with the company, and (in UK) we might have a tax-free allowance - it was £500 last year.

Tax rate is 8.75% at basic rate, 33.75% at higher, 39.35% if you are on the highest tax band - all this if shares are held in a dealing account. In a SIPP or ISA there is no tax.

https://www.gov.uk/tax-on-dividends

That's the benefit of having a South African ISA. I am with AJBell at 20% and I believe no standard UK provider is any different, none of them are bothered to claim it back on your behalf.

Not good news because the government will waste more money and raise even more taxes and lose even more jobs, so those that remain both working and able to take a mortgage will feel the need to tighten belts and not take out a mortgage yet. A severe drop in demand leaves builders not willing to build houses that don't sell, so their profits will shrink and with it the value of the companies.

@Stockready : Very true, I have not sold because I was not clever enough to see it coming. So technically I have lost nothing. Not even hope, actually.

The dividend has been announced as £37.18 after withholding tax. Bed and Breakfast has been my preference before, ie sell on 23rd, buy on 24th ex div, but with the share prices volatile that is a risk I will not be taking this time.