Member Info for MrMath

Next stop £200 ...

I doubt that I will ever sell RIO. I'am still about 20% up and have often bought when it looks great value, as it will certainly be if it drops any further, but it's still very good value at this price. Since I am also about 20% in cash buying more is not a problem. The dividends have been getting larger and larger over the years and are now more than I can spend these days. I am sure RIO will continue to be one of my all time favourites.

Working with the assumptions that you will receive a £1 for every B share and a consolidation rate of 0.75 (that is you end up with three quarters the number of shares you originally had) you would currently need to own at least the following number of shares before you need to worry about paying any CGT when your investment is outside a SIPP or ISA:

(12,300 - other_taxable_gains_in_2022_to_23)/(1 – unit_cost/(1 + 0.75 x share_price)).

So let's assume your other_taxable_gains_in_2022_to_23 = zero;
your unit_cost = £2.50 (you were lucky enough to invest in the dip of 2020);
and share_price = £3.90 (on closing after first day of trading of consolidated shares – sometime in May), then you will need to own at least

12,300/(1 – 2.5/(1 + 0.75 x 3.9) = 33,879 shares before paying any CGT.

And if your unit cost is more like £3 and not £2.50 then you will need to currently own well over 52,000 shares before CGT is a worry (assuming you make no other gains in the 2022/23 tax year).

So absolutely not a problem for most of us!

"One thing I am unsure of is will I get the declared 14.7p divi on the 2,000 shares or the 1,500?"

It will be on the 2,000 shares. The ex-date for the 14.7p divi is the 7th April, as you said, but the ex-date for the return of capital is 16th May.

"Come the day, to get your share holding back to its original level you could well end up out of pocket especially if the price moves back up to 445."

You might not be out of pocket as the actual consolidation ratio is not yet finalised. The following quotes are from the
return of capital RNS:
"The estimated proceeds equate to approximately 100 pence per existing ordinary share"

"The actual consolidation ratio to be applied is expected to be published on or around 4 April 2022, and may be calculated on a different basis depending on share price volatility."

The only thing that is settled is the recommendation to shareholders of a final dividend of 14.70 pence per share on Aviva ordinary shares.

Not sure what's going on today. Am I missing something or has this become an absolute bargain?

"If I were you, I'd be risk averse until such point that there seems to be peace on the horizon."

No, I think the turnaround will be sudden and dramatic, possibly when we see the headline, 'Putin Dead!' If you're out, you'll miss out.

The entire FTSE will rise big time when Putin loses power, which is a very real possibility in the next two weeks.

"I couldn’t even get a price for minutes by which time it had gone up!"

Me too. This may even end up today!

"Cancelled this week..."

That's a shame, it's interesting to see how right, lucky or just plain wrong some people can be.

£3.20 Caitlin1....Putin is a dick
£3.40 Grezzz
£3.45 Emerald
£3.49 0hmarko
£3.55 Akhtar
£3.85 ARMANI
£3.88 MrMath
£3.90 NSS
£4.05 Harmonica.
£4.09 Jezzoo
£4.29 Spights

It's a total over-reaction throughout the FTSE, the Dow is only down about 1% but the FTSE dropped almost 4%. Should be going back up again tomorrow.

"Can someone explain the US reaction vs ours... Ftse massacred today.. Dow down a little and nasdaq up."

Very good question. Dow down less than 1% while FTSE down nearly 4%. Does not make a lot of sense to me either. Guess the FTSE over-reacted and were going back up tomorrow. Would be nice if there were a few more rational drivers of our markets.

"full-scale-russian-attack-within-48-hours"

US 'intelligence' has be saying similar for the past two weeks and, so far, they have always been wrong. Here's hoping they maintain their poor record at predictions.

Harmonica, factions have already been shelling. If it escalates, all parties will claim that is wasn't them who started things. It's extremely difficult to know what's going on. Even when you read constantly on sources from all sides, it's still not easy to figure work out the full picture.

£3.20 Caitlin1
£3.55 MrMath
£3.56 - Gary59
£3.60 gecioks
£3.77 - Emerald
£3.82 dicklaw68
£3.84 christianmideast
£4.00 KPMAN
£4.02 - NSS
£4.04 Chandley
£4.06 - Jezzoo
£4.22 Hawkey1(Hawki2s)
£4.33 Spights
£10.00. y11

"I find it strange it all seems to escalate each weekend"

Thinking the same. Read the Russian press as much as I read the western press these days but still can't make head or tail of what is going on. There are some factions that really want war but not sure how happy Putin is with that. Putin might just be playing the west to get them all riled up and trying to make them look foolish as things drag on and on and nothing happens. My concern about that is that the west might just start a war anyway to save face.

"I thought it was paid gross anyway"

Hi Gerry, the dividends I have received over the last year have all been paid net, not gross.

"Russia set to invade Ukraine at 1AM tomorrow with massive missile blitz and 200,000 troops, US intelligence claims"

Or does someone just want to buy up some cheap shares?

"war is not an option"

Agreed, but the posturing will carry on for a few days yet. Timing the bottom is not going to be easy.