Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
expatwelsh, Entreprenante,
Yes, that's certainly good advice to ignore, or at least treat with a pinch of salt, the displayed buy/sell data. I frequently top up some of my holdings by small amounts when cash becomes available, and when prices look advantageous. Whilst my own trades show up (with the 15- or 20-minute delay) in the info shown here on the "LSE" site, with the correct number of shares, I'd say that probably as much as a third of the time my "buys" are shown as "sells" or vice versa.
AbjectPerformer,
Regarding averages, of course if you're measuring them to assess your own performance you can do it any way that suits you. However, if you're keeping records for tax purposes, ie CGT implications, I don't think it works in the way you describe. In the UK (it might be different if you live somewhere else), if you have a holding of particular shares that you built up by buying more than one tranche, they are all treated to have been bought at the same average price (called a "Section 104" pool or holding). So if you sell some of them, they aren't matched to the price of the ones you bought most recently, or bought first (last in, first out, or first in, first out) but to the average price for the whole lot. So your average isn't changed when you sell some, it only changes when you buy more. It's all on the HMRC website - I hope that helps.
ATB, Mike.
Hi Tom78 and Bobsto12,
This, I believe, is what is called the "interest-streaming regime", and it seems to be something that several infrastructure ITs do, including some I have shares in. Look at "ORIT" as another example.
I imagine that it won't be done for the benefit of individual shareholders (every person's circumstances of course being different) but for the benefit of the company (and thereby for the benefit of its shareholders as a whole).
If the shares are held in an ISA, I may be wrong, but I think that the difference and designation in practical terms would be purely academic. If they're not held in a tax-free wrapper, then of course the difference may have tax implications for the individual.
ATB, Mike.
Hello again LaHerb,
I don't know if this link will help you to get what you need from SSE:-
https://sse.co.uk/help/contact-us
Sorry if it's something you've already tried.
Good luck, Mike.
Hello LaHerb,
You ask: "So did OVO take over SSE or just part of it".
Broadly SSE sold-off their "retail" bit to OVO a couple of years ago now.
I was a customer of SSE before the retail part was sold off, so I'm going through all the changes, which are evidently affecting different customers at differing times. For a couple of years OVO could keep using an "SSE" name and logo, etc, for customers who were affected by the sell-off, but now, as we speak, my account has been "properly" rebranded as OVO. Friends of mine who were also original SSE customers are having similar things happening, although their individual timings are all slightly different.
As an individual I, and probably you, don't have direct dealings with the SSE plc which is the subject of this chat board. I do have shares in SSE, hence my interest.
Very broadly SSE plc now is primarily a generator and a developer of renewable energy (primarily wind farms), they have some gas generating plants, and they operated distribution networks for Electricity and Gas although those have been progressively sold off. The gas was through "SGN" (Scotia/Southern Gas Networks) who manage the gas pipes to houses in my part of the country, but I think SSE plc has completely sold out of that now. Similarly, Electricity was through SSEN, but I think SSE has partly sold out of that now.
The OVO and "SSE" that we as private individuals buy our electricity and gas through are nothing to do with SSE plc which is what this chat board is about.
I hope that helps and makes things clearer.
All the best, Mike.
Hi Kryten1,
Re your posting at 08:23 today, in which you ask:-
"Quick question guy's, as a fairly new investor does the amount of dividend depend on how many days you've held the share. ".
The simple answer is "No". With each dividend payment (with Vodafone there are 2 a year), what it depends on is the dates you held the shares - with each particular payment you either get it in full, or you don't get it at all.
In this case, the dividend was announced on 15 Nov 2022 (if you press the "RNS" symbol near the top of the page, and scroll through the list of announcements for the one dated 15 Nov 2022 you can read their half-year results in which the dividend, with dates, was announced). The "ex-dividend" date was stated as 24 Nov 2022. If you owned the shares on 23 Nov you will get the dividend, whereas if you bought them on 24 Nov or later, you won't get it. The declared dividend was 4.5 Eurocents, and about a week before the date the dividend is due to be paid, there'll be another announcement as to what it will be in Sterling (ie in £/p). It's due to be paid on 3 Feb 2023. Very very roughly, it will be about 4p, but it depends on what the exchange rate does nearer the time.
I hope that helps.
Mike.
tricky125,
You say, and I presume it's meant to be a question:-
"why is it , no one mentions the damage the Ukrainians have caused over last 8-9 years. or is everyone on here following the eu .usa.uk narrative. ".
The reason is fairly obvious. This is a discussion board about BP, not a forum for discussion of Ukrainian and/or Russian politics.
I'll leave the grown-ups on this board to decide whether or not expressing a wish for someone to be killed is acceptable.
Theo,
"But not forgetting shares outside of an ISA which lets say underperform can be offset against CGT. Those in an ISA cannot.".
Of course. Except that that only comes into play when you "crystallise" the loss by actually selling the relevant shares, and is only good when you have capital gains elsewhere against which to offset the loss. As we know, CGT allowance is currently, arguably, quite high (£12,300) so many would be lucky to breach it anyway, but, again from memory, that is due to come down in future years to £6,000 and then to £3,000.
Mike.
Mararab,
Re your post at 10:44 today:
"One question tho if your share valuation is under your average sp price do you still have to pay tax on any dividend ?".
Unfortunately, broadly yes - you do have to pay tax on any dividend, and you can't offset any fall in the share price against that. Dividend income, and capital gains (or losses) are treated separately.
However, with the dividend income, it depends on what your *overall* income is, and also don't forget that you have a tax-free allowance on dividends which is £2,000 this tax year (but falling to £1,000 next year and £500 the year after that, if I remember rightly).
Finally, if your relevant shares are in an ISA you don't pay any tax on the dividends from them regardless of the amount of dividend you get.
I hope that helps,
Mike.
Epro,
"500 buyback posts? Gone? All that information?".
Yes, I'm afraid so. Let's say the LLOY board attracts (conservatively) 200 postings a day, and that that particular "debate" ran for 3 days, and that 50% of those were about that subject, then that's certainly well into the 100s.
For me, ironically, this was particularly galling because, selfless soul that I am, most of my own contributions were posted to try to help others.
Oh well, c'est la vie, back to the "day job", and I hope everyone learnt something from the experience.
Mike.
Dorfan, and others,
Today's disruption to this Lloyds board by "depopevent" appears now to have been reported. I suggest that people don't even engage with the perpetrator.
It appears to be the same source as "IQTest" yesterday, another "one-day wonder" (member since 10 Nov 2022) - both came from a board about "Tecan".
Over to the "mods" to fix all this.
Unfortunately a large amount of the Lloyds-relevant discussion threads appear to have now been removed in their entirety (eg about share buybacks - although after 500ish postings some may celebrate that removal!).
Mike.
Hi IP3LY,
Yes, Dunelm is due to go ex-div tomorrow (10 Nov), with the dividend being 26p payable on 5 Dec 2022, as per their Final Results here:-
https://www.lse.co.uk/rns/DNLM/preliminary-results-jkkih96adf2gx3j.html
They say that the dividend is subject to approval at their AGM, which is due to take place on 30 Nov:-
https://www.lse.co.uk/rns/DNLM/annual-report-and-accounts-and-notice-of-agm-lrnepf20z3lfm4y.html
All the best,
Mike.
Dorfan,
"how about it increases NI contributions for those in the 40% tax bracket from 2% to say 4%.". I can't particularly disagree. However, as NI seems to be treated more and more as another form of Income Tax, I still can't see why they don't just combine them (with appropriate tiering over the different income levels for the combined "product"). We've had the Office for Tax Simplification (or whatever it's called) going for so many years now, what have they actually simplified? Every tax with which I've had dealings (and I do have to do self-assessment as well as recently having had to be the Executor for an Estate) seems, if anything, to have got more, not less, complicated as the years have gone by.
Mike.
denby69,
I'm presuming your subject-line is meant to be sarcastic.
You say:-
"The pension lifetime allowance is set to be frozen for two more years, with a rise in line with prices delayed from 2025 to 2027".
Last time I looked, the lifetime allowance was £1,073,100. I suspect that this will be irrelevant to a very large majority of people. It only affects people with an occupational pension of more than about £50,000.
If you're complaining that the government finds that it needs to take more tax, what are *your* proposals for how it should address the national debt (and as you're making this party-political, as in the title of your posting, let's not forget that a sizeable proportion of the debt was run-up by the last Labour government during a time when there weren't issues such as the COVID pandemic and the war in Ukraine to contend with).
Mike.
OWLS,
You say to LTI:-
"So are you saying that a share buy back increases the share price ?".
I'm confident LTI will want to answer you himself, but in the meantime, I'd say no, a share buyback does not necessarily, by itself, increase the share price.
The share price is driven by "the market". The market is simply the totality of all market participants. A market participant is anyone who buys or sells (in this case) BP shares. I am a market participant, albeit in a very small way. As far as I know, you are a market participant. Big pension fund "X" is a market participant. The price of a share is the result of supply and demand. This, for a big company such as BP, is done by an electronic system that matches buyers and sellers. The market share price is a "constantly moving feast", for that very reason. If you watch the share price of BP on this "LSE" site you'll see that it changes almost all the time (during market hours). If I saw that BP was currently £4-90 and decided I wanted to buy some, let's say 100 shares, and put in a buy order, I doubt that the effect on the market price could be seen. If a million private investors like me all decided to buy 100 shares, all at about the same time, you'd probably see the share price go up slightly. Ditto if everyone decided to sell at about the same time, it would probably go down slightly.
Every market participant will be weighing-up various factors to make their decision to buy or sell. The existence of a share buyback programme would be one of those factors.
Companies are valued on the basis of their future profitability, but also to an extent on the strength (or otherwise) of the Balance Sheet. If it was widely estimated that BP was going to make £1 billion profit next year, then the EPS (Earnings Per Share) would be that £1 billion divided by the number of shares in existence. Similarly if BP's policy was to pay out 50% of its profits as dividends, then the dividend for each share would be £500 million divided by the number of shares. Therefore if you reduce the number of shares, by buying back *and cancelling* them, the EPS and Dividend per share could be higher. That could drive the share price to be higher (remembering though that it's "the market" that drives the share price).
However, what's also important to consider is the price at which the company buys back the shares. If they're bought back at a price below the NAV (Net Asset Value) per share, then by the time you've reduced the number of shares, the NAV per share will be increased. If they overpay, then the NAV per share will be reduced.
If the market price of BP was currently at about £4-90, and I heard from the announcements that BP was paying £10 per share to buy the shares back and cancel them, then (depending on the current NAV) I would probably be running a mile from buying any more!
I hope that that is of some help.
Mike.
Eightyeight88, okay thanks for explaining - and congrats on your recent big win!
I guess everyone's circumstances are different regarding the merits (or otherwise) of PBs vs for example a fixed-rate savings account, depending on their own tax situation, etc, and on how likely you think it is that NS&I interest rates will rise further in the short term. One thing's for sure - if you commit today to a 1-year fixed rate savings account paying 4% then if you're a 20% taxpayer you only need PBs to be at 3.20% to be equivalent, or at 2.40% if you're a 40% taxpayer, whereas the chance of your 4% increasing within the next year is zero!
ATB, Mike.
Eightyeight88, et al,
"so £50k x roughly 4% int =£2kpa before tax "
No - it's currently 2.20% (you can see a link to all their interest rates at the bottom of the NS&I homepage).
Looked at over the short term, some will have done better, and some will have done worse. I had zero this time (on the max number) so hopefully some of you will have done better than 2.20% in the latest draw to compensate.
Average per person on that interest rate, with £50k worth, should be between 3 and 4 £25 wins per month. But I don't want to spoil the fun!
Mike.