Member Info for Thronegames

I also find it strange how the SP behaves; no predictability. But it seems to have broken the 1.20 resistance this time. We'll see if that holds. I will use dividends from elsewhere to add here.

AliveKicking, that was some rant. You live up to your name! I am using dividends to buy IMB, DEC, LGEN, BP.

Can anyone tell me how much in £ stg the total divi is (= final + special). It's not clear to me from DividendMax. I'm trying to figure out whether my dividend has been subject to withholding tax. Thank you.

Are you suggesting we bail out now so we can buy in at a lower price? I was tempted but Naw, I'll stay.

Lol 7300!!! We sure got hammered today!

AliveKicking, yes I take your point - it's an out of favour industry. BUT while it has been going out of favour, it has been hammered. for the last few years. Two things encourage me to hold and to add. Firstly, the 'hammering' has levelled off and the SP has held up well over the last 12 months. Secondly Blackrock / Morningstar see the stock as 42% undervalued and P/E ratio at 5.6. Bottom line is the share is now undervalued. Unless there is some major development, I continue to hold and to reinvest divis. I could be wrong!

Surely listing in the FTSE 100 is a positive thing. Big funds buy the index and so have a weighting in all of its constituents which implies DLG will see incremental buying on 1st June?

I'm curious to know at what price (on what date) the scrip dividend is calculated? Can't find a straight answer. Makes a difference to number of extra shares I get; hence the question!

Marcus, I'd agree with you that the SP net effect was a rise when dividend was accounted for. Around 270p ish over the last week was ball park average, now at 266p. Drop of around 4p, vs. dividend 13p. An observation: if a share continues to fall by the amount of the dividend every year, then it will eventually be worth nothing.

Yes, BouncyCat and I was tempted to sell at -2.5% today and then saw it recover and it's now at about -5%. I'm in profit still by about 8% and on top of that I have the dividends rolling in. My question to myself was; what would I do with the proceeds from the sale of RIO shares? The answer was: buy RIO. So I'm still here. There is a possibility I might sell tomorrow and hold cash for the summer period but I would still buy RIO going into August. Despite the bad news re Iron ore shipments, I'm staying, not trading. Above based on my humble experience and please do not consider this as advice!

Thanks Trek, you've made me have a re-think also. I do tend to avoid trading as I can never get it right but being in cash between divis is something for me to consider again.

TrekMadone you say "Can then buy back in in June/July/Aug using TA to get price entry." But why not save yourself risk +trading costs and just wait until the SP rises again? Will you leave the proceeds of your sale to rot in the bank over the summer? I have no agenda underlying my question - I'm not implying you are wrong - just interested in your strategy. Mine is simply to hold for a year or more.

DEC , DLG and IMB not mentioned here! Great dividends. L&G now my biggest holding with the aforementioned three not far behind on the list. This time last year, it was MSFT, AAPLE, NVDA etc....though I still hold some of these. I've changed my strategy.

Exactly. As per what CeriEvans says. 15% tax with W8BEN form submitted and 0% tax in any Pension fund.

Important note towards end of that article:
Goldman Sachs add: "However, the broker added Imperial remained a “small player” in the US next generation products market, with revenue of £56 million, about 30 per cent of its group NGP revenue and less than 1 per cent of overall group revenue." Also noted that Imperial were appealing and the product will not be removed from the market during that process.

CapPig. My apologies. I didn't mean to offend.

Cp Pig, it's a really amazing story. You were in cash up to April 20 and then saw the opportunity and opened a stockbroking account and started buying downtrodden shares. With no previous investing experience? I take my hat off to you!

Agreed on one thing, Roger A; it's not a busy board! I visited ADVFN board this morning to understand the 2%+ drop. Cost of well-capping has raised its ugly head once more - echoes of the Bloomberg article that caused a significant drop a few months ago. I am holding. It recovered post Bloomberg, the SP will recover after this too, I believe. Any other opinions?

By the way, the tax on dividends can be explained briefly. The default rate of US withholding tax tax is 30%. If you have a W8BEN form on file, it is reduced to 15%. If your shares are held in any kind of UK pension fund (e.g. SIPP), you pay NO tax; this is clearly specified in the UK-USA Double Taxation Treaty which has legal status. Do not allow a Pension provider in the UK to deduct any tax from your dividends.

Naw CapPig, historically I did lose SOME money on IMB around 2017 but sold out. Then I bought repeatedly post-COVID. Seems to have bottomed in the 1600-1650 range. I've been doing the same with LGEN and will add yet more here when my next batch of dividends arrive from other sources at end Apr. Probably at lower price than 270. Best of luck.

Cap Pig, yes it's a great return and I have a couple of other winners like that, IMB, RIO, DEC. In your shoes I would see that 10k+as a trading fund looking for a new opportunity. I couldn't rest easy with 10k+ in a bank account for too long. But yes, cash is a valid strategy in uncertain times and you may well be proven right. Well done.