Member Info for Gavster-NBC

Wow.. Another person !!
Yes. We really have no idea. I keep imagining planes stuck in some corner of an airport not going anywhere.

After some initial research, just bought a position at 54 Euros, ex-dividend expected in a few weeks time of 1.7/1.8 cents in line with the previous dividends IMO. Low volume.
Anyone holding out there can point to some pros and cons that might not be clear ?
Cheers and GL.

SSE will put my name emblazoned onto a wind turbine at Dogger Bank.

Nice touch. It's something they're doing on their website. As a shareholders why not consider the same ?
https://www.sse.com/cop26/sign-the-turbine/

Hi Catitche.. There's a pretty good youtube presentation that an investor, roguetrader, did recently in June, if ploughing through the SSE results and presentations in the investors part of their website takes too long.
https://www.youtube.com/watch?v=gf_p-DhvVk0

Hi all. Has anyone had any success in registering for the lower tax rate on the Xmas dividend ?

These were the unhelpful replies from EQi and Interactive Investor across my ISA/SIPP/Trading A/c

"Unfortunately, we do not offer a tax reclaim service and would therefore be unable to assist you with your query."
And..
"I have queried this with our Operational Tax team and they have informed me that the dividend is paid at 20%, Interactive
Investor do not have a tax arrangement with the South African tax authorities. If you do wish to reclaim any withholding tax, contact the South African authorities and make a claim, as a non-advisory service we would not be able to provide any advice on how to make this reclaim."

I'm guessing that that the only way possible to claim back the 10% is to transfer my holdings to a old fashioned share certificates or equivalent on the shares held in the normal trading account only.

That news is from 2011.. Been in a time capsule ?

The effect of this buyback is so small it just seems rather a pointless exercise. Joining the buy back bandwagon without any significant effect on the SP, the shareholders or enticing any new investment.

Total voting rights / shares
31st August = 1,342,802,662
30th September = 1,342,353,604
A total of 449,000 shares.
The difference in market cap of the company end of August compared to end of September for an SP is only £1.35m.
Market cap is around £4billion. Not exactly setting the investment community alight with this.

https://fb.watch/8to6TAZlIo/
The way the guy harasses the question as to why public money is being used to supervise the use of dynamite in Northern Ireland ( with a large history or terrorism and secular violence), would prompt most to prosecute for trespassing. Very patient. Why the man at the gate would even know about it as he just tries to earn a living is anyones guess.
If Galantas pays then the police, law and order are subject to questions of responsibility.
If the tax payer pays, then the sums are easily recouped through employment taxes, mining licenses etc and the responsibility of overseeing the dynamite use is shouldered, quite rightly by the government.

So they should be, and more substantially if they want the market to notice.
The way Moulding has handled this is shocking and it is entirely his fault that the SP has collapsed. Smacks of manipulation, sit and hold.
NoTryToTry
Curious. Why is it you have only just started posting and only on this share since the drop ?
On an investment BB like this you realise it could seem as posting on behalf of the company, so prime for the filter list.

Just market movements in the absence of fundamental news. Take a look at the 2 year chart. The Channel can clearly be seen, and the base of it is around 1530. If this is broken downwards, then 1464 or 1434 could be the bounce prices. All three are decent buy in prices to consider trading/holding. All IMO.

Hi Nostra. The AGM is November 25th. As far as I can tell, they need specific permission for this buy back to happen and so will outline the specific levels as a proposal, even the though buying of shares was agreed in the last AGM.
The last gold miner I held which had a buy back program was Trans Siberian Gold and it was highly successful increasing the share price by well over 100%.
The SP is in the doldrums but there must be uplift all the while the debt level keeps going down, the Mintails project and its ownership could be confirmed before Xmas and of course there is how well the blueberries are growing.

That's interesting Bluemango.. That wasn't in any of the government documentation on the DTA shared below, a share holder is a share holder, no matter the reason.
Did they refer you to a specific rule you can look up ?
I'll let you know when my Sipp nominee replies to my query.

Correction .
The UK Is Listed in teh Double Taxation Agreements (Rest Of The World tab)

United Kingdom of Great Britain & Northern Ireland 13-Oct-11 [Effective date iro dividends: see Article VI of the Protocol] 5% Minimum holding of 10% of capital by a beneficial owner which is a company "10(2) However, such dividends may also be taxed in the Contracting State of which the company paying the dividends is a resident and according to the laws of that State, but if the beneficial owner of the dividends is a resident of the other Contracting State, the tax so charged shall not exceed:
(a) 5 per cent of the gross amount of the dividends if the beneficial owner is a company which holds at least 10 per cent of the capital of the company paying the dividends; or
(b) 15 per cent of the gross amount of the dividends in the case of qualifying dividends paid by a property investment company which is a resident of a Contracting State; or
(c) 10 per cent of the gross amount of the dividends in all other cases."
15% Qualifying dividends paid by a property investment company
10% Other beneficial owners

Hi Egnorts, bluemango and all.

Egnorts, did you complete this form previously and did it work ? Are your shares held in a nominee account ?

Previously I have meekly received the dividend less 20% withholding taxes, but my dividend is significant enough to warrant
looking into this. My holdings are with Interactive Investor (ii.co.uk) so I assume in a nominee account.

South African rules on dividends tax (20%) and double taxation
https://www.sars.gov.za/types-of-tax/dividends-tax/
UK agreement with South Africa on Double Taxation limiting dividends tax to 10% https://www.gov.uk/government/publications/south-africa-tax-treaties https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/526892/s-africa-uk-dtc-2011.pdf

However...
In this link titled "An updated summary of the withholding tax rates as per the South African Double Taxation Agreements currently in force"
https://www.sars.gov.za/wp-content/uploads/Docs/DividendsTax/Dividends-Tax-Tables-Summary-of-DTA-rates-version-8-final.zip
The UK is not listed.

I've written to ii.co.uk and tempted to complete that form Non-SA_Dividend_Declaration_Form.pdf anyway, covering a base.
But essentially..
Are we as UK residents entitled to a reduced rate or not ? Who completes the form ? That's if it is is still valid and should be completed at all ?
I am non the wiser since researching all this.

My order got filled at 1555, not bad as I'd sold mid 1600s.
The price could fall further chartwise but I'd rather do something else than heightened price watching.
IMO this is a hold going into winter's higher energy use, await the development of the new wind projects and reinvest the next dividend(s).
Cheers & GL.

Hi NSS, I'd rather buy at the at the base of a channel not well into a breakout. Once bitten twice shy over the years, there are always shares that get away.
The recent oil price breakout really caught me out, as I had sold shares top of the channel, then missed over 15% rise in the OP as it didn't pause for breath. Perhaps If I was all eyes on the screens last week I may have bought.
I only trade a tiny bit with trends, in my IG account, but my use is access to charts and live prices. I deposited £250 to get the IG account which is now £650, 160% increase, so yes, I do constantly wonder why I don't trade with proper money instead of holding shares and collecting dividends.
Anyway, the oil price will dip at some point and so will RDSB, so patience it is.

I'm still waiting to reinvest and buy back in with my DRIP and capital after top slicing in August. Chartwise this could go all the way to the base of the channel around 1530 or lower but I have a limit order currently at 1555, being around an area of support for 2021.
We'll see. The last three dips, took us all the way down to less than 1430 in May and July, and previously all the way down to 1290 in March.
Anyone else looking at near term entry prices ?

Hi Casapinos.
I'll have to wait it out for the next downtrend, which at the moment looks a long way off. Largely dependent on oil price which means by then I may have invested elsewhere or gone grey, and I'll have to settle for the holding I have.

Thanks NSS, yes, no stopping the buybacks, it's continuous.
I should have known better to trust the RNS feed on here..
https://www.shell.com/investors/news-and-filings/uk-regulatory-announcements.html

Are PAF and the gold miners now the ugly ducklings of the LSE ?
Less than 16p, PE under 5, net dividend yield after tax of 4.9% for UK holders, more if your in SA,
Mintails in the works,
Debt now at such low levels the Solar Farm and blueberry profits could take care of it,
USD/ZAR rate back above 15,
Prospective bumper earnings forecast for 2022,
Buyback to happen,
Yet here we are, in the doldrums at 15.4p.
IMO the results and the exchange rates would leave us resting above 18p with a gold price above $1700, which is bizarrely under attack despite inflation being a buzz word. I am now overweight here.
Now the strategy is sit tight and use a DRIP at Xmas, or wait for the oil company hype to die down.
Thoughts ...