Member Info for Luke13

Hopefully people manually reinvest their big dividend this Friday. And then 6 weeks later, the trading update brings good news ??

Thanks for this info.

what price did you buy in at?

Just realised that the share price is currently down about the same percentage of the dividend. For all the people like me who bought in at 52p ish anyway. So maybe a lot of these people are selling today at effective break even after the recovery yesterday.
Thanks to all the people posting the news. I'm holding for the long haul.

@dnwill - truly thank you mate. I'm new to investing. Just been doing it a couple of months. Learning a lot. Now it's crystal clear. Thanks for taking the time to explain that.

@dnwill - many thanks for that PDF link. It confirms we have to be holding at cob on friday to get the special.

@Broxburn68 - yeah Hargreaves told me they're Swiss registered which is why the 35% tax was taken. I was pointing it out because Ferrexpo have a UK address on the companies house website just like your Allied Minds link. So it looks like the UK registered address doesn't mean anything concerning divi payments. So I'm assuming they'll be some deduction from Allied as well. Surely the US will be wanting a piece of the pie!
Nice one for emailing the company. Please do post the reply. Much appreciated.

@xNoz - not a silly question at all after that article is saying -
"The intellectual property commercialisation business said the dividend is payable on February 14 to shareholders on the register at the close of business Friday next week. The last trading day with interim dividend rights is Thursday next week."
Very confusing. Maybe if you sell them on the friday morning, you are still classed as on the register at the close of business on friday because you were actually holding them as friday opened.

@Broxburn68 -
Would you say that 'Ferrexpo' is a UK registered company? It has a UK address on companies house like Allied Minds. But still a 35% deduction of my dividend before it went into my ISA - https://beta.companieshouse.gov.uk/company/04914716

yeah I saw that it was possible. But it was only £35, so i'll let it go. And I've learnt for future trades.

Cheers for this response Snaffle.
My tax query wasn't about CGT or Income etc. My investing is done through an ISA, so no worries there. It was whether anyone would know if America will take any of the dividend as the company is American. I received a dividend payment today from a Swiss company and 35% was deducted at source before I was paid. So was wondering if a similar situation might happen with Allied as they're not a UK company.

Better hold on to the shares until Monday morning then in case this article is correct!

"(Alliance News) - Allied Minds PLC on Thursday declared a special dividend of 12.62 per share.

The intellectual property commercialisation business said the dividend is payable on February 14 to shareholders on the register at the close of business Friday next week. The last trading day with interim dividend rights is Thursday next week."

the link that was removed was a morning star article from the 16th January. "Allied Minds Declares Special Dividend Of 12.62 Pence Per Share"

Does anyone know if this dividend will be taxed before we get it? I've just discovered today that Swiss dividends are taxed at 35%, which was a bit of a shock.

Also, when exactly can we sell the shares and still qualify for the dividend? Normally you can sell them first thing on the ex dividend date, but this article seems to suggest that we still have to be holding at the end of Friday next week. So do we still have to be holding them on the following monday morning in effect? - https://www.morningstar.co.uk/uk/news/AN_1579197006079212500/allied-minds-declares-special-dividend-of-1262-pence-per-share.aspx

Thanks