Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
It’s possible but unlikely imo. The next dividend payment in March is the 23Q3 dividend and the June payment is 23Q4. I hope these remain unchanged at 87.5c reflecting existing policy, but there could potentially be a change of policy for 2024 affecting the balance between dividends, buy backs, debt reduction, investment, asset purchases etc.
Kipper, it is not an error as such by iWeb to not apply the 15% tax treaty reduction to the full 30% WHT, it is in fact Lloyds Bank policy to apply the 30% WHT to UK listed shares paying US sourced dividends. It is presumably a commercial decision that the administration of dealing with the IRS in such cases is not worthwhile to Lloyds Bank. The only solution to this is to change broker to one who does bother to engage with the IRS and recover the 15% tax treaty reduction. Eg I use IG and tax is deducted at the reduced rate of 15% in my ISA.
Kipper , agree with your musings. Actually if you can get the timing right you’re better off selling before xd and buying back after xd because of the tax difference. i.e you sell inclusive of the dividend at 3.45p and cet par buy back excluding 3.45p, but you would only have received 2.4p net, so youre 1p better off by the WHT tax you’ve avoided. Of course cet par never applies and other things happen!
Kipper, correct although I work on c. 3p net because my broker IG recovers the 15% of the total 30% WHT, although varies slightly depending on $ exchange rate.
Ref income/capital, whatever suits your circumstances. I have traded for capital gain in past but currently the income suits me. Obviously like most people at moment sitting on capital loss.
Clearly an automated report generated by plugging in a few figures, but the result is incoherent nonsense that gives no intelligent consideration to DECs unique operating model and is therefore complete claptrap.
The full Cavendish report is available free on research-tree.com
I note 2024 estimated increasing sales and free cash flow, reducing debt, and stable dividend.
Cavendish says business performing well with positive outlook.
Tomorrows update might tell us more, but today at 68p I’m happy that the risk is to the upside.
Every trade is a buy and a sell. If you use DMA and place a bid on the order book, then obviously you buy on the bid and someone sells against your bid. This website designations are indicative at best, at worst they are pointless and irrelevant.