Member Info for oldspursfan

Kalasin don’t worry we will be given absolute figures

Sale will be for x (bn hopefully) - sp will adjust to reflect
Dividend payable will be x per share - sp will go down by this amount on ex div date

Your guess isn’t high enough

You deramper you...

;-)

What is it about this time of night that this board ends up descending into unnecessary slanging matches?

Kira is just as entitled to post her opinion of £2 as anyone. We don’t know yet what the offer is so no one can counter with anything else and claim it as fact.

Ffs people stop ruining the board with juvenile insults.

So jack would you be disappointed and vote against 3.99?

Paul
If it’s 45k dividend then full sale is off the table, I presume you meant sell your shares before the dividend is paid?

With those numbers it is likely selling means less cgt is payable than income tax as the 45k will be added to your 33k taxable income making 78k. But there will obviously be allowances to consider, transferring and or child benefit or other tax credits you may be claiming etc etc etc

It’s individual, but once the announcement is made, it gets priced in so selling before the ex dividend date, if you work out that is better for you, won’t make any difference to the SP.

Hope that helps

It’s the fact I have complete confidence that Dmitry has our interests at heart that keeps me relaxed. Roll on Monday...

No worries, though more posters than me have mentioned this.

It will totally depend on the actual numbers, but I can see it easily falling into the sell beforehand bucket for my non-exempt shares. So each to their own!!

Hi Kira
Don’t get me wrong, this falls into into the “nicer problems to have” category!!

It is just worth raising that there are different tax implications of a significant dividend vs complete takeover.

Hahaha if I did I’m not sure here would be the best place to advertise!!

No it was just the “dividend development” does bring with it implications for everyone who is UK based. Plus you are a respected poster who would also, along with me and others, have this to consider, hence why I asked!

Though saying that it’s a new tax year so would only become declarable Dec 22/ Jan 23 so plenty of time to find somewhere to disappear to...

Joking honest.... :-)

Vs cgt obvs!!

Ian_
If I can catch you before you go, you’ll have seen discussion re dividend tax vs cut.

If I recall did you say you have a chunk of your shares outside a tax exempt wrapper? If so what are your thoughts? Sure they would be appreciated...

The key thing to remember is it is comparing all taxable income vs all profits through a taxable share dealing account. Given personal allowances it is therefore highly, highly individual.

The main thing is getting the message out there for everyone who has EUA shares that are outside a tax exempt wrapper. So well done everyone for that, heartily support raising awareness.

GLA

Theres a thread called "Div" not about anyone in particular (!) but talks a bit about dividend income vs cgt. I did bump it up for you, obviously got lost again...

Bumped for Layla
Here's one thread re CGT vs Dividend/ income tax. There was another last night. Very pertinent
Cheers

CTC - yes if it's treated at book cost (like our existing mines) then Rosgeo would equate to around 10% of non-current assets.

Just love the irony having to go through AIM Rule15, in order to leave us with just Rosgeo, when in value terms Rosgeo could very well end up dwarfing what we just sold!!

Mind boggles...!

Casper - quite right mate and anyone with shareholdings outside of an ISA/SIPP should research this to work out whether holding for dividends or selling before the record date for CGT represents the most efficient route for them (assuming efficient=cheaper!!)

Morning Kira, I'll try!

So when the BoD announce what they recommended selling and for how much, the SP should reflect it. If its partial sale with dividen proposed, then any potential dividend element will be included in the new share price. You can buy and sell as you wish as this rerated price, but if you sell out completely you wont get the dividend.

Next the BoD have to agree how much of the cash, when received, to pay out as dividend, which rewards shareholders without leaving the company and its remaining assets short of money. This will be announced along with the record date (date the share register will be reviewed to identify share holders/ nominees) and ex div date. If these dates are in the future, you can still trade at the rerated SP.

Record and ex div dates wont be far apart (may be one day, but outside market hours). If you are holding at the record date, you are eligible to receive the dividend amount for every share you hold.

On the ex div date the dividend element gets removed from the share price on open. You can trade at the reduced SP and still get your dividend in due course. Any buyers on the ex div date will not receive a dividend on their purchase. It may take a few days, but the dividend will arrive via your broker as cash or reinvested shares depending on your preference.

Does this help?

No worries Caw always useful to air thoughts. Feel the link would apply more if the subsoil rights changed, as opposed to the beneficial rights (owner behind the company involved).

Also, before my time, but AC was awarded 7% in the WK company as our share went from 75% to 68%. That 7% has since been (infamously) sold to Veles. Obviously we don’t know how much state involvement there was, but changes in beneficiaries can happen.

Right signing off now, wittering too much! 7am here we come...
GLA

Understood CAW. You’ll see in my history that I did some digging and the mining licenses for WK and MT are held with specific Mining companies. Our ownership is because we have 68/80% interests in those mining companies KK and Terskaya.

If we sold the interest to another company, the subsoil rights wouldn’t be transferring - they would still be with the specific mining companies they were awarded to.

Hope that makes sense?

CAW if we sold our interest in the company that holds the subsoil rights, would this apply?