Member Info for gwm121

damo...interested in your overview comparison.. chf .. rio tinto..(huge company, iron ore, divi)
and any comment on polymetal
If you have a moment please.

In these times maybe market leaders with unbeatable lines.. heinz diaggio.. or health.. allways needed, or huge miners with worldwide holdings and divi may be place to be.
Copper could be best.. but which company.
Iron ore, many reports say price falling demand slumping, !!!! chf up 9% rio price dropping dropping divi now good.

Hi Damo
Interested in your overview.. chf poly rio tito futureminng others.....

f you are a 40 percent taxpayer, and amc bought between 3 and 40p (not in isa or pension) there is a capital loss when ultimately the shares sold, lets say in 3years time

If the dividend is regarded as return of capital it can be taken with no deduction (DUE CAPTAL TOTAL LOSS)and the remaining share value adjusted (to a lesser loss).

If the dividend is taken as dividend, apart from the capital loss there would be 40 percent tax deduction ON THE 1.8P DIV

Its really important to know this is return of capital before it happens
Otherwise you will lose 33 3/4 percent on a loss !!!!!!!!!!!!!!!!!! Is it capital return.???????

If not, you would HAVE to sell the entire holding, and have no chance of ever recoping losses, and amc price may even not reflect the dividend and future prospects.
Anyone got serious knowledge on this please?
Anyone an accountant or has asked their accountant ?
It HAS to be declared on self assessment.
Has amc stated clearly this is capital return THANKS FOR LINK BUT THIS ISNT ANSWERED

If you are a 40 percent taxpayer, and amc bought between 3 and 40p (not in isa or pension) there is a capital loss when ultimately the shares sold, lets say in 3years time

If the dividend is regarded as return of capital it can be taken with no deduction and the remaining share value adjusted (to a lesser loss).

If the dividend is taken as dividend, apart from the capital loss there would be 40 percent tax deduction ON THE 1.8P DIV

Its really important to know this is return of capital before it happens
Otherwise you will lose 40 percent on a loss !!!!!!!!!!!!!!!!!! Is it capital return.???????

If not, you would HAVE to sell the entire holding, and have no chance of ever recoping losses, and amc price may even not reflect the dividend and future prospects.
Anyone got serious knowledge on this please?
Anyone an accountant or has asked their accountant ?
It HAS to be declared on self assessment.
Has amc stated clearly this is capital return

If you are a 40 percent taxpayer, and amc bought between 3 and 40p (not in isa or pension) there is a capital loss when ultimately the shares sold, lets say in 3years time

If the dividend is regarded as return of capital it can be taken with no deduction and the remaining share value adjusted (to a lesser loss).

If the dividend is taken as dividend, apart from the capital loss there would be 40 percent tax deduction on the remaining value,

Its really important to know this is return of capital before it happens
Otherwise you will lose 40 percent on a loss !!!!!!!!!!!!!!!!!! Is it capital return.???????

If not, you would HAVE to sell the entire holding, and have no chance of ever recoping losses, and amc price may even not reflect the dividend and future prospects.
Anyone got serious knowledge on this please?
Anyone an accountant or has asked their accountant ?
It HAS to be declared on self assessment.
Has amc stated clearly this is capital return

Potato, you should have followed the boards example in buying or not buying shares

Nickle above 11
stock lme lowest for 5 years still dropping
sad sad sad

overview please, If trans caspian pipeline will circumvent russia, whatever the cost why isnt that an ADVANTAGE reflected in increased share price

jez were you the one at the meeting who bought everyone a round of drinks saying had sold at 42? I remember that. In the days of 42p it was expected to go to £1 plus. none of us couldundestand why the board werent buying loads of shares with their own money.

Its vital to get a definitive answer to divi being income or capital for shareholders. ir dont know, it needs a clear rns.

gaz long termers like myself bought this share from 40p to 3p..my average is 12p.
Obviously this results in a capital loss.
I just hope that amc puts out a CLEAR rns confirming this special dividend can be treated as capital return not dividend income taxed at 40pc outside an isa.
ry needs another project now in order to continue his pay.

agne geng
You have different views if divi is capital or income
How do we find out for sure,
for tax payer not in isa or pension if its standard divi income you will have a capital loss and pay 40percent tax on the money received back as its income not capital.

.."The Company has received tax advice that the Disposal is unlikely to attract capital gains or withholding tax....
yes ive seen that.
Is the special dividend return of capital or dividend income (attracting 50 to 45 percent tax even though you may have made a loss.) If it doesn't attract capital gains, it will attract dividend income tax some will pay tax on the money they receive, 40 percent maybe, and when sell the rest have a huge capital LOSS, ie, lose money on a share and also pay tax on it.!!!!
This for long termers with averages above 3p who are paying tax and not in pension or isa

EAG
So when and how do we know if it is structured correctly.
If allready have xxx thousands loss, then get given some of the remaining money back and lose 40 or 45% of that... AS WELL.. then would have to vote no or sell.
There are rumours of the russian special activity ending by negotiation (youtube)

Thankyou for your previous varied answers, now time has passed do we know for SURE if the special divi cap distribution is treated as income or capital.
You peeps saying you hold large quantities of shares, you could lose £50,000 as the price has decreased from 40p to 2p, then you could receive the divi and give back 40% of it to revenue as divi tax, so a further loss.

if the special divi was treated as capital it could be set against 12k capital allowance, and against any losses, or held to set against future losses.. so I hope somehow this will be treated a capital distribution not divi income.

Im no an accountant so appreciate the real situation from someone who knows more than me.
.. with other companies rns comes out clearly setting this straight....
amc rns could be read either way.

With the new amc will the directors hold on to their present salaries.

this rns just about a gm
when are transformational rnss expected?
i bought this share as board said would be dividend producing in July. Not even a dividend date in July.

PLEASE could one of you accountants categorically say if the special dividend can be treated as a capital gain/loss

Otherwise there will be a huge capital loss... AND A TAX CHARGE ON THE DIVIDEND received ! That doesn't seem right

My average is 12p
There will be a huge capital loss if no other offer received.
PLEASE could one of you accountants categorically say if the special dividend can be treated as a capital gain/loss

woe.. a multi billion nickle and extras assett proven for someone for the price of a couple of houses in London

Otherwise there will be a huge capital loss... ANDA TAX CHARGE ON THE DIVIDEND received ! That doesn't seem right

If Mr Young and board get involved in another discovery would they be receiving similar salaries and benefits?

Are we being paid a DIV so its not a capital payment?
So will lose huge amount in capital loss, and pay top rate taxon the special dividend?
At the price of a couple of nice houses in London, any chance of another bid.

bbaggis,, 12p average here also

1p !!!!
Average is 12p
This once was 40p
Directors still on their great salaries.
Nickle is rising strongly again, and nickle stocks...according to kitko constantly reducing. Lowest for many years.