Sorry i know the higher rate of tax is 39.5%ax on dividends with first £1000 tax free
my particular situation is i have just gone over 100k in total income with job and dividends. it is nice issue to have.
they take away the £1 for every ,£2 of the 12,530 tax free threshold everyone gets
so the extra dividends in my case means i lose half of that 12,530 tax free threshold.
Whether to wish for Dividend or Buybacks or do nothing and get Capital Growth
Dividends are nice especially when first £5,000 was tax free in UK. That is greatly reduced now
the tax is high now if you are high earner.
Buybacks lessen number of shares and in theory that makes each share worth more. The problem is
that the market seems to ignore this in short term. They focus more on tier 1 ratio and how close to threshold that is.
However having excess capital is dangerous with the thieves that run for government that will do a raid on bank profits at the drop of a hat and whip up of public disdain, unjustified in my opinion. i would love to go on Question time when they try whipping up the public and ask "Why dont you invest in UK Bank shares and partake in the success" or ask
them if they have looked "at a UK share price graph over 10 or 15 years and not focus on last few months"
i see these windfall taxes and spurious fines as a constant risk that having excess capital might add to.
so i am in favour of paying out as they do and staying just comfortably above the tier 1 ratio number.
however each persons tax situation differs for dividends. as tax is high now, i prefer if buybacks happen as overall my tax is 50% of dividend whereas with buyback you get 100% value, eventually. but that is just me and i think alot will like the dividends and even get all in dividends.
I am still waiting for Barclays Smart Investor to pay the Lloyds dividend.
they are repeatedly late for over 5 years with most companies.
i complained before when they were days late paying dividend for Barclays. Their own company and Fidelity paid same day.
Barclays are a joke. over 5 years of this. excuses given were ridiculous.
all that would happen if you complain to regulator is they get fined and the shareholder gets fleeced again.
I have shares with 2 accounts in Fidelity, 1 in ISA 1 outside ISA
The dividends went through yesterday afternoon at 42.3824 for both accounts
there was opportunity to buy cheaper in morning, and they seem to have gone through at most expensive time of day
i also have LLoyds shares in Barlcays Smart Investor account
Nothing at all shows up in account
this has happened with Barclays before several times and they show up after a few days
i am wondering if LLoyds allocates all the dividend repurchase shares at a certain time and price for all brokers
i imagine that is how it is done, otherwise it would be unfair.
i suspect barclays are just slow updating systems with transactions already carried out on our behalf
does this sound true to others. does your average share price for dividend reinvestment come to 42.3824 after taking away costs.
LTI,
i think that day you question when 50 dma was 43.91 and shares purchased at 45.xx was because the previous closing price or opening price for that day was below the 50 dma, it rose very sharply after opening, but price was low at open.
the algo decides once per day and not per transaction, i believe. therefore the condition was met first thing in the day and then it was considered a buy day.
to support this argument that is is using 50 dma based on closing price or opening price, i dont know which it uses, and limited by 25% total volume for day, they may pick 20% to play safe.....there have been no buys since.
for the odd day when small numbers traders i explain this as rules allow for buying in low liquidity conditions outside terms set out to regulator for buyback. provided they get permission on that day.
Hello All,
thank you hardup for printing the daily buyback figures. it helps alot.
i am pretty certain that they Morgan Stanley have an alogorithm that buys if price is less than 50 day moving average
the 50 day moving average today is 43.91
as the price is above this, i think it pauses until the price drops below 50 day moving average, or the moving average rises again over the price.
https://www.msn.com/en-gb/money/stockdetails/lon-lloy/fi-aob7c7?duration=1D&ti=50Dayma
see the 50 day moving average here.
Secondly there is some EU regulations around buybacks, to prevent stock manipulation.
i believe there is a rule that they can only buyback x% of total volume for that day and would have to wait
till pm to see full volume, so perhaps they do several buys over the day. i think UK still follows EU rules in this regard.
http://www.standard.co.uk/business/rbs-buying-up-madoff-scam-claims-6412521.html actually just found this there is alot i have missed as i have not been keeping up with this company for years i guess with the losses, future profits can use these to reduce tax bill RBS has huge potential if it could put the litigation and bad news behind it and i guess Goldman have researched the figures and are seeing light on the horizon. i also hold Lloyds and Barclays.
Anyone want to fill in some figures for RBS profit history since crash of 2007 i remember 22 billion loss, another few billion here and there over the years and if a profit only 293 million i know RBS had legal action due to bad investment advice against Goldman Sachs where RBS lost £400 million on Madoff investments you know what i am thinking today when i read Goldman rates RBS a better buy than Lloyds. dont get me wrong i have what would be 2 years consult wages worth of shares in RBS and if they rise a bit i dont mind but i have an issue with misrepresenting the truth caried out by so many in the financial industry have i missed something if i see convincing answers i may actually take a punt and buy.