Bezant Resources Share Discussion Threads

[goalmachine2] 24/5/2013 09:10

Thank you King.

[king suarez] 23/5/2013 16:44

This is quite a useful link and I think summarises the situation:



In summation, no immediate tax payable on this ROC, but tax may apply in future on futher ROC if the GF deal goes ahead (I think?)

[haroldthegreat] 23/5/2013 15:50

sorry if this has been asked previously but whats the tax position on the return of capital. is it income and taxable as such or a capital gain?

[tiger60] 23/5/2013 15:42

What amazes me is that first thing some people managed to sell at 26.5 - good stuff

[currypasty] 23/5/2013 14:04

o Option to be extended until 31 January 2014 with revised consideration of US$60.5m to be paid on future exercise of the Option

o Gold Fields to subscribe for US$7.5m of equity in Bezant at a price of 25.97 pence per ordinary share representing a premium of 5 per cent. to the volume weighted daily VWAP at which Bezant's Shares were trading on AIM for the 25 trading days preceding 6 December 2012 (being the latest practicable business day prior to the date of the subscription agreement)




Gold Fields paid 26p a share, no divi (/capital distribution) due to them, so todays price of 22p sounds too cheap

[currypasty] 23/5/2013 14:00

the tax man cant have it both ways.. if you pay tax on the return of capital, then when you sell, you wont pay as much CGT.


seems all is going to plan, so perhaps punters will re-focus on the shareprice compared with the stated take out price in 7 months.

[king suarez] 23/5/2013 13:56

2Cagey,

Think you could be right. This would then not be taxable?

[daytraders] 23/5/2013 13:45

If you are taxed on this your down another 10% or more.

[2cagey] 23/5/2013 13:22

Why are people in above posts calling this a dividend? From what I have read it is a return of capital as the Court has approved a Reduction in the Capital of the Company.

There must be a difference tax wise between the two.

Anyone with the answer to this?

[king suarez] 23/5/2013 12:42

I think so..

Dividends are paid net of 10% tax credit, then depending on whether you are a higher rate tax payer or not, there is additional income tax to pay.

Not exactly sure how this works out in reality!

Even more reason to have sold yesterday, rather than today if you didn't want to be liable for tax?

[daytraders] 23/5/2013 11:44

do you not get taxed at like 20% on this dividend as well. or not ?

[king suarez] 23/5/2013 11:21

Smacks of people not having done any research into the company and/or share dealing in general then!?

I notice a few comments on some boards such as:

1) Why is the share price down so much today on low volume?

and

2) Surely you need to still be holding your shares to get the dividend

If its people asking those questions who are selling then, I guess that confirms your theory!

KS

[induna123] 23/5/2013 11:11

Psychology. When a share price drops like this it looks bad, the genie is out of the bottle, what didn't seem possible is a reality, people start to wonder, doubt whether they've called this wrong, that their judgement was wrong. People see others selling and in turn sell themselves in turn causing others to sell.

It's all about psychology.

[king suarez] 23/5/2013 10:50

I don't see the point in selling today? What was the point in holding prior to today, if you planned to sell today?

You get 8p divi in cash and 8p less for your shareholding - net gain? zip...

You either hold because you believe the GF deal will go through and you will get much more than 20p for your shares, or you have no confidence in that deal - so why hold up till now?

[goalmachine2] 23/5/2013 10:36

Cheers King, have just worked that out. Many will have sold now I feel, any still holding?

[king suarez] 23/5/2013 10:25

Divi is paid on or around 30 May (according to RNS)

[goalmachine2] 23/5/2013 09:17

Hi guys I have been here a while, does any one no when this gets paid?

[thetoonarmy2] 23/5/2013 08:51

spoke to bloody soon curry! got about £40k coming from Divi may see if they go below the 8p Divi and use money to buy more hoping like hell Argentina is good and they actually get the Goldfields deal (which looks very probable now) over the line better than leaving it in a bank earning diddly squat.

[currypasty] 23/5/2013 08:13

only 6p down so far, not the 8p ex-divi

[buywell2] 23/5/2013 03:46

Wonder how many bought in on the strength of the 8p divi when this was 24p or so ?

8p means they make 4p if the price drops to 20p , those that bought at 28p could make zip

[king suarez] 22/5/2013 21:48

Expect 8p drop tomorrow as ex-div...

[pjhutchy] 22/5/2013 13:45

Looks like we are getting the special dividend. Nice

[pjhutchy] 22/5/2013 13:45

Looks like we are getting the special dividend. Nice

[king suarez] 21/5/2013 16:59

Yep they may do, but at what price would they be willing to buy more shares? That is the question... at 8p less than today, or at higher/lower?

Depends on confidence of the eventual sale (or not) to GF?