The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Re repeated buying and selling : from my analysis of daily movements over quite a period I reckoned it would pay, but a £10K daily trade netted a gain of £100 at my charges, so I ruled it out.
Much as I love my WDS shares and look to the future with them, I would have sold if I had seen that price of 4676.
Driftking : more like up 1% now post market. Nevertheless like you I am long term (since 2014) and have bought in this big dip. Didn't need TA for that. This is a solid share now 15% of portfolio, and I am convinced the tide will turn and steel be in demand again. I shall be here with it.
I wouldn't be expecting a significant price recovery. It has halved in the last 6 months, and it think it needs significant public opinion reversal to recover that. Also income is expected to drop each year, SA politicoeconomic problems aside, as the assets are wound down. But at this price level it is a tremendous dividend play, well worth its position at the top of my portfolio. I would anticipate TGA making more forays into other geographies to prolong its life.
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.
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.