Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
GettingBy, don't let your broker away with that. Stocktrade charged me 30% Withholding tax on dividends but I had a row with them and now they apply 15% on dividends for last year or so. W8BEN is applicable as the tax is being withheld in the U.S even though DEC is listed in London.Also having been around this board for the last couple of years I have not come across one poster here who pays 30%. Your broker is 100% wrong. Furthermore, according to the Double Taxation Treaty between UK and USA, if your dividends are paid into a UK Pension fund like a SIPP then 0% tax is due. Having said that , it is your responsibility to have W8BEN filed in order to avail of the 15% rate. IMO etc.
I took advantage of today's SP uplift following Jeffreys' upgrade to buy from hold. I took a chance and sold at 6078 in the hope of getting in cheaper before Aug ex div. Could be a big mistake, but I have about 15% profit and seemed to make sense.
Roofers and TSE. You highlight another conundrum for me as to how new shares are purchased by the company and allocated as scrip dividends and auto reinvestment. And at what price-date are they allocated? - ex div date or div payment date? Doesn't matter too much. I'm just curious. I can't find answers though!
Buyerjoe, it's difficult to know, isn't it?! I'm holding on here for dividends.
China variables dictate. Factory data and reopening post new COVID scare in China. Ukraine invasion is a wet blanket for all stocks. Inflation data and rate hikes also scare. For RIO sp though, I would say China economy is the central driver. The trend on the HSI has been positive over the last few days. Has anyone else noticed a correlation with RIO?
Well, Temple of Doom you live up to your name there! Have you any rationale to provide as to why I might buy here? Any advice welcome! Please don't say 'DYOR'!
I'm on the verge of getting in here for a couple of reasons. Firstly, Chinese shares have been hammered, particularly in the tech sector. I did reduce my exposure to Chinese funds about 9 months ago but at these levels they represent value IMO. Secondly, the yield here looks very good. With China coming out of draconian lockdown, I think sentiment has now turned the corner. Also some recent softer noises on regulation from China indicates that they want a strong, buoyant stock market. I've missed the last quarterly divi, but I can live with that. All IMO etc etc...I wonder has anyone on a message board ever been sued for misleading others?!!!
Trotsky, yes this is very close to what I am doing. Have moved from U.S. growth stocks to UK high yielders over the last 8 months or so, though I still retain some of the former. I reinvest my dividends quarterly, sometimes into new holdings. Lloyds for example looks attractive to me at the moment. My fault is perhaps that I do not have a clearly defined strategy. For example, a poster on another board says he just sells if he gets a 10% profit and then sits on cash or else moves elsewhere. Maybe he's right. What do you think?
We went ex div yesterday; it's always Thursday for FTSE shares. The ex divi drop in SP is normal. I'll use my payment on 30 Jun to buy shares in other companies. I fancy Lloyds at the mo in an increasing interest rate environment. My purchase price is just shy of 1.14 so I'm happy to hold at +10% gain and keep collecting the divis, even though I pay 15% tax.
Apologies. Krusty , I stand corrected on the record date. It's after the ex div date. But the point is that what is checked for on that date is the shareholders on the register o the day before the ex div date. I believe I'm correct in the rest of my post but I'm open to further correction if anyone wants to do so. Anything I have said is my opinion; I'm no investment guru! All the best!
Wiscos, I've had PSN only for the last 6 months or so. I'm just pointing out my capital loss leaving divis aside. Of course they should be accounted for.
CSDI. Your "first target of £25"; how did you arrive at that number....as opposed to £20 for example? We could be underwater here for years. I admire your ability to hold your breath! I'm about 10% down at the moment but not taking into account dividends.. It could be a year by the time I break even. What's your timescale for your target? What's your rationale? I have to say that PSN is my lowest conviction holding of all my UK shares.
TheTrotsky. Have you ever considered rolling the snowball and forgetting about it for a while instead of trading?
I can't believe the confusion being generated here about ex dividend date. I have held this share for the last 18 months and have collected all the dividends. TOMORROW is ex div date; today is the 'record' date. If you are on the record as a holder of the shares today, you will receive the dividend, even if you sell today. If you sell tomorrow, you will still get the dividend because you are on the record as a holder today.. If you buy extra shares tomorrow, you will not get the last dividend on the bought shares!. As for selling or buying 'early in the morning' tomorrow, that makes no difference. I hold a number of other dividend paying shares and DivendMax site gives up to date info. Go to the top right, click on the search button and enter the name of the company or ticker symbol = 'IMB'. Best of luck all!
Tomorrow is ex div day. In my experience and observations this does not work when the SP trend is upwards, which it has been over the last year. I could be wrong on this occasion and it may fall my more than the divi amount tomorrow. I personally would not take the risk.
I had Exxon for a while. Got annoyed with the 30% tax. on dividends.My fault. Withholding tax is a significant consideration. I will stay with Rio for a year or so; no tax on dividends.
Hey Jing, I nearly sold 2/3 of my holding yesterday at 1700 with a view to buying back at 1600. It was a close call. Mind you nobody can rule out 1600 in the future. I think today's results and price action indicate a fundamental change in perception re this share. It's had a terrible 5 year run, but has bottomed out and the last year or so has been a great time to hold.
BigBad: Have a look at DividendMax site. Provides great info.
...may be negative. We already know of the minimal Russia impact and we know about FDA action on new NGP's such as blu. If there is any further slightly negative news, there may be a SP drop. So I was tempted today to sell at 1700 and buy back tomorrow at 16.50 ish. But when I looked at stamp duty and trading costs each way, the riisk didn't seem to be worth it, given the proximity of the next ex d date. We could see 15.50 or 18.50 by the end of the week. As I don't need to sell for another 5 years or so, I'll hang on and take the dividends. Looking at the SP performance over the last 5 years or so, the SP has been steady over the last year and a half and well supported at 1600. There is a risk also of staying with the share as tomorrow's RNS could send it in either direction.
Well, I read here some time ago that a U.S. listing was imminent. How soon? How will that affect the share price in London? Asking for opinions.