Member Info for Thronegames

CeriEvans, I'm surprised you didn't wait for the big dividends coming in the next 6 months. Can you explain your thinking behind your trade?

My apologies all. My original post was indeed misleading. To clarify, I have bought and sold IMB over the last four years and I would estimate that I am at a loss overall. I feel a lot better about my most recent entry point sometime last year at 15.85. That leaves me down -3.5% at today's price but if I include dividend payments I am in profit . I do think the share is undervalued and my intention is to add at current price or lower as the substantial dividend seems likely to outweigh any capital loss in the short / medium term.

Sorry, my original post was indeed inaccurate and misleading.

Throne

TinkerT I agree. Name-calling is just simply uncalled-for. If I don't like someone's opinion I just scroll past. Also, as on any other bb, we will find people who are complete novices to investing as well as those who have many years of experience. A bit of tolerance won't have any effect on the share price.

northfork, well done! My entry was at 1.13 about a year ago. I'm down about 5% on investment but the dividend return has more than made up for this. I had an unexpected nasty surprise though. Dividend withholding tax depending on your broker can vary between 0% (pension fund), 15% (with form W8BEN) 30%. This depends not only on your personal circumstances but on your broker and their policy (or lack of) on dividend withholding tax. I am currently at war with my broker as my DEC shares are held in a pension fund and I was charged 30% tax on my dividends since I've held the shares. My broker and pension provider do not seem to care that much. But one of the benefits of being semi retired is that I have time on my hands to pursue this.

One question I asked here; no reply so far: Has anyone been able to get a refund of this tax?

Still a great divi share and I am holding.

I am holding IMB for the last 4 years or so. I'm about -5% if I look at the share price alone. However if I take into account dividends then I am definitely in significant profit. I have not set up my Excel portfolio to reflect the dividend return.
One interesting feature of the yield on this share is that the Dec. and Mar. dividends are double the amount paid in June and Sept. So holding this share during the period Nov -Feb (I can't remember the exact ex d dates) gives a much higher return than the 9.3% yield quoted. Caveat: during that period only.! Of course this assumes that the share price is constant and we know it's not! However, given the current P/E ratio of <6 , it seems that this is a no-brainer investment. I made the mistake of topping up on BP a few months ago at 3.05. Taking a longer term view, I plan to double my IMB stake as soon as I can exit some of my BP trades. Also there is no smoke without fire and wrto takeover I reckon IMB seems to be very cheap at the moment and I am expecting any surprise will be to the upside. In summary it's a great value investment IMO and if I was asked what is the share in my portfolio most likely to reward me, I would honestly say it is IMB.

Just giving my opinion and what I am doing with my investment here. No advice intended. My motivation for posting is that I have not many friends who invest in shares and I like to discuss and get other people's opinions. Best of luck to you all.

Well I've been in here for around 2 years and have taken substantial profit on the way up. Invested that in USA tech shares. I've done well. I have just 15000 shares left. I visit this board weekly to see what's happening and the critical issue to me seems as follows:

What is the value of the company ?

I see different opinions here on value but I remember a report from over three years ago that valued the company at around 60p+ per share. The valuation reported applied a standard discount for mining costs. So obviously you cannot value gold in the ground at its mined value.Do any of you old timers have the link to this? Tillywhizz? I know Rowka has sailed into the sunset long ago!! He did a very good analysis 2 years ago during suspension. I am tempted to increase my holding here. If anyone has a link to that report I'd be grateful.

Was looking at topping up here but noticed the bid offer spread. Why so wide?

licker, two worth looking at that had SP's hammered recently: LGEN and IMB. Also DEC. I hold all three for high yields. DYOR.

Zac04, I agree and would add: Do NOT deviate from this investment strategy or regular payments over time under ANY CIRCUMSTANCES. I learned this lesson the hard way. In 2009 I switched from global equities to a cash fund. Stupid mistake.

Has anyone had any success in getting compensated by a broker who has applied the incorrect withholding tax rate on dividend payments? I know the subject of the rates payable has been flogged to death here. I am on the cast of Stocktrade - now taken over by 'Embark' , as they have applied a 30% rate to dividends in my pension fund when it should be 0%.

Shal1000 you were lucky. I tried dividend capture strategy a couple of years ago and it didn't work out too well! Very pleased to see no ex div drop here today.

NeversellShell, I like your posts. You seem to be a stalwart BP investor. The buyback works in microeconomic theory in the long term. In the short term it has no perceptible effect. It takes a long time for the equilibrium price to adjust. So yes we have this force at work over time and theoretically reduction in supply of shares should lead to a higher share price.
My realisation wrto BP is that other variables can overwhelm these natural economic laws. Perception; fashion, government policy. I'm still long BP though through to the end of the year. At the moment, BP is presenting a new 'Green' with dirty, oily fingers. The world has gone foolishly from dirty black to hungry green and it's a below the knees fashion that will stay for a while.
I have a 3 year timeframe for this share. I'll st, hold and collect dividends. Best of luck to you all.

Great sign of confidence:

https://uk.finance.yahoo.com/news/non-executive-director-robert-kunze-023704113.html

Maybe the penny is beginning to drop with the market that this share is undervalued. I read that BP has been added as a Zacks #1 stock yesterday (i.e.'Strong Buy'):

https://uk.finance.yahoo.com/news/strong-buy-stocks-august-6th-144902848.html

nuri, I agree. The law of demand and supply are valid alright wrto share buybacks. Problem is they only work in the long term. BP's long term is 5 years; mine is 12 months. That's the disconnect.

I'm very tempted to buy here. Also Anglo American. I had Rio a few years ago and sold at a profit. Also Glencore and BHP. Currently no miners in my portfolio. What's holding me back at the moment is that both RIO and AAL have been on a good run and may be due a pullback. Any advice or opinions backed by data references would be welcome. I am doing my own research! Of course the special divis is RIO and AAL attract me.

Bobrad, dividendmax is also an excellent site I use a lot:
https://www.dividendmax.com/united-kingdom/london-stock-exchange/mining/rio-tinto-plc/dividends

I was thinking about this thread about buybacks on my walk with our dog today. The argument was presented earlier that buybacks reduce the supply of shares thereby increasing the price. But from my study of Microeconomics, the equilibrium price depends on the assumption of a rational marketplace; in particular the assumption of a 'rational consumer' who seeks to maximise his 'utility' or 'value'. It appears to me that this 'rationality' is not working in the short term and at a discounted forward P/E of around 8 (correct me please if wrong - second hand info from another poster), the 'consumer' or in this case the buyer of BP shares is not behaving rationally.

I take some comfort in Buffet's aphorism (paraphrased) ; ' in the short term, the market is a voting machine but in the long term it is a weighing machine'. The implication being that rationality will prevail and we will see a re-set of the share price based on the ongoing reduction of supply through buybacks....in the long term! Problem is, my long term is about a year!

The second RNS today indicates that the buyback programme runs to 2nd Nov. Does anyone know whether the last buyback programme was executed evenly over the period May - July? In May we were looking at a steady rise in SP which at the time I attributed to buy backs. Obviously not, given the steady fall over the last 6 weeks or so!

I don't know about that. When the WHO say something is bad, then it's bad, regardless of whether they understand it or not as per the article. We need to accept that we are invested in a 'dirty' industry. Like BP, which I also own for my sins. ESG is the new fashion and II's are under pressure to avoid these companies. There's only one thing that trumps fashion. That's greed.