Member Info for Tom78

Asset managers and brokers are having a tough time right now with higher than expected inflation possibly causing less money to go into stocks, spread betting or whatever. Today IGG has been singled out for a big dump.
FTSE 250 has been horrid since the start of the year, the pound is going south big time v the dollar. No good news anywhere except investing in fossil fuels have done very well.

I suggest you google what happened to Beaufort securities that the FCA forced into insolvency a few years ago.
Special administrators can dip into client funds to cover their costs if the business had insufficient funds to cover the administration fees, which is likely if a business is 'insolvent'. In the end I believe the FCA footed the bill, but things are not as 100% safe as a lot of people think.
I would now only trust a large UK based broker with a strong financial position. Cheaper isn't always better.

Looks like end of the line as far as HL claiming reduced WHT for us on the dividend. Sadly I feared this would be the case and looks like we will just have to take it on the chin unless anybody knows of another way of reclaiming it post payment?

For UK holders the dividend amount payable on 13th May will be 9.44p per share. ($0.1186) declared.
A small crumb of comfort I know for suffering PRU holders at the moment, at least the £/$ conversion rate is in our favour for this dividend.

Sitting on my hands for now as I think there is plenty of time to buy more of this or anything for that matter. Significant headwinds on economies and cost of living standards could squeeze the markets. Currently holding this at 250p avg for many years now. Dividends have been very good but no growth in the share price unless you took advantage of the covid crash when everything was severely distressed.

Putting shares in the ISA will avoid future cgt liabilities but will not affect withholding tax as this is taxed at source by the SA authorities.

The RNS has certainly spooked the market today. The market likes to shoot first and ask questions later as usual.
Having been in since £3 have top sliced @ £12.52 some shares to bank my stake money back and now retaining the rest for the dividend and hopefully future growth in the share.

GKP that's a blast from the past. I was in that dud about 10 years ago when Todd Kozel was the boss. Ended up costing me a lot of money and sold all the shares for 5.07p in 2016. Since there has been significant dilution and consolidation. Big lesson learned.

Ftse100 is not a good index for sure a lot of shares in it were no good before Brexit especially the banks. You can cherry pick the odd share. Was doing well on Scottish Mortgage before the start of this year and the downturn in tech stocks. Rio Tinto has done me ok over 300% profit including 100% in dividends over 6 years.
Hargreaves has come unstuck in the last two results announcements with higher costs and announcing suspension of the special dividend in light of their new strategy. As the UK Market leader in retail investments it has embedded value in a large customer base with huge assets under management.

The dividend will be paid net of 20% tax so you don't have to do anything. Trying to reclaim the 10% you shouldn't have to have paid is a different ball game.

Yep this is more than offsetting all the duds in my ISA at the moment like HL and Unilever. The greens would hate the fact people are making money out of coal investments, at least it will help pay the heating bills which are also inflated by green levies.

With the brewin dolphin situation, today it is worth double what it was about a month ago 250 to 512p. Has the business suddenly doubled its profitability in a month? No a Canadian bank has bought it out at a price which puts it on 28 times earnings. The purchaser obviously sees it as valued much higher than the UK market did prior to today. HL at 28 times earnings would be 1750p. Schwab in the states has a PE of 30. On this fairly crude metric this is cheap.

The cost to dig it out of the ground and what they can sell it for! Coal is still widely used in developing countries for power generation.

I agree with you 100% there has to be a peaceful solution to the immediate conflict. Longer term Putin is a bully and likes to threaten neighbouring countries. I think the penny has dropped with some european countries considering nato membership.

The price of crude and gold has dropped on hopes of peace. Energy stocks, miners and defence companies drop. Did Putin not say Russia had no intention of attacking Ukraine a few months back? How anyone can believe a word they say is beyond me.

Fed chief to hike rates by more than 25bps a go if inflation pressures remain. Stronger dollar = lower metal prices.

73.22p per share after tax

Good luck Skeletor, I expect Hargreaves won't give a flying fig about it as they have not even bothered to reply to some of my questions recently. I will just take the 20% on the chin.

Most of us will hold shares through a nominee account so our broker will be on the share register. I doubt brokers will want to get involved in this process of reclaiming tax.

no you have to suffer the drop! No drop no divi simples. You must hold before ex div, this is all that matters.