RE: Who'se "thick"?7 Oct 2022 10:53
You are, your supposed knowledge of the oil biz is zero, company defamation rings aloud when it comes to sle and its management, company stabbing etc is your game that's all as you are a past loser.
VEC where you lost another shirt proves you are thick...
Read and weep and put that dunce cap on.
An update on ELI is as follows:
o Whilst there have been some delays to ACOES principally due to Covid, barging operations from OML 18 to the ELI Akaso FSO are now expected by ELI to commence during July 2022.
And proof of a thicko..
Callasjunkie
Posted in: VEC
Posts: 550
Price: 118.80
No Opinion
Overpaid wallies10 May 2021 14:33
I just sold my holding at a loss.
Didnt wish to but am forced into it by incompetence of current management.
The Special Dividend is taxable as income to shareholders in the UK and I assume Ireland (Revenue in both countries usually treat these matters identically) where I am resident.
I will lose 40% of the dividend in income tax. So I gain 60% in income but lose an equivalent 100% through the share consolidation, as my shareholding will be reduced by the amount of the gross dividend.
So an action that is intended to preserve the share price causes me to have to sell my shares.
The tax advice for UK residents means that all higher rate tax payers are going to needlessly LOSE money.
I can only conclude that this company couldn't give a fiddler's for the private shareholder.
The CFO is paid an obscene £807k a year....and he comes up with this!!!
The consolidation is purely to preserve the market price of the share...just optics
Good luck. I'm out.
Sign In
Follow the stocks
