We all have our own investment decisions to make.I hope you 'run' to a better investment somewhere else wherever that might be.I like dividend income, others prefer capital growth.It's a choice. |
Sorry to spoil the party squared up this morning
Will forego the dividend and take the money and run
Good luck all |
I can't think many sellers before Thursday and buybacks, could that push us towards 2550p. Of course all depends on how the FTSE 100 behaves. |
Great start to the week.. :o)
2500+ BATS
2000+ IMPS |
Well we've broken £25. To my mind, the Boards buy back strategy is working. |
Big resistance around this area intresting to see bats push above 25 and stay there and build strength above fingers crossed |
Thanks guys. |
Pete you have to hold your shares at close on Wednesday to qualify for the dividend then you can sell at 1 second past 8.00am Thursday and you will still get the divi in your account on payment day which is 2ng August |
It's not the record date that matters - it's the ex-div date that determines entitlement to the dividend.
You must hold the share at close of business the day prior to ex-div day (in effect so that you are holding the instant the market opens on ex-div day) to get the dividend.
As to T+2, it has no bearing on the matter. That's just about shuffling money about.
What you appear to be asking is if you sell on Wednesday, which is the day before ex-div day (ex-div is the day before the record date), do you get the dividend? I'd say no as you have to be holding when the market opens on ex-div day (Thursday) and you sold the day before... |
Under standard T+2 settlement terms,
as upcoming Record Date is Friday 28 June,
can I sell my shares on Wednesday 26 june
and still recieve the dividend?
pete |
I expect to see that too, and we could well see most of the XD 58.8 pence recovered same day with the BB mopping up any sellers.. :o) |
I think over 2500p is a given by ex div, I will be disappointed if not nearer 2550p by close of business Wednesday to collect 58.8p.Of course it will fall that amount but not always, especially with buybacks. |
The ITC returns are already earmarked for debt reduction and to support/extend the buyback AFAIR...
2500 next week.. :o) |
I would prefer additional cash to go towards further debt reduction and perhaps extending/increasing the buy back programme. The current dividend is sufficient IMO. It is delightful, actually :) |
What will happen, do you think special dividend for us? |
Update ITC Hotel Demerger
6 June 2024 At a meeting held on Thursday, an overwhelming majority of 99.6% voted in favor.
Published on: Jun 21, 2024, 4:21 PM IST
ITC’s hotels business reports best quarter: Perfect timing for demerger to boost conglomerate returns
hxxps://www.businesstoday.in/magazine/the-buzz/story/itcs-hotels-business-reports-best-quarter-perfect-timing-for-demerger-to-boost-conglomerate-returns-434240-2024-06-21
The time scale is from November 2024 to February 2025 for the Demerger to happen. The same Merchant Broker probably will be used when they sold ITC India shares of 3.5% earlier in the year.
The proceeds I have covered before after the demerger happens.
Happy Investing |
28/2/24
hxxps://www.pwc.co.uk/press-room/press-releases/research-commentary/2024/p340bn-pension-surplus-could-be-unlocked-for-uk-investment-as-a-.html
Government consults on defined benefit surplus
hxxps://www.shoosmiths.com/insights/articles/government-consults-on-defined-benefit-surplus
Council looking to access Pension Funds to help with debt surplus
Government Labour or Socialist Tory are both the same. The old Tory would not increase taxes or raise Corporation Tax etc Socialist Tory Government
Happy Investing |
 What surplus? Pensions are probably the biggest ticking time bomb of all the various ponzi schemes currently in existence in the UK (and probably applicable to much of the rest of the western world too).
The unfunded liabilities of pensions are bigger than most people are aware of, although I suspect some of the politicians know the truth of it.
I agree the politicians will do almost anything to avoid pi££ing off the grey vote too much, but they are going to have to find ways of making them take a big haircut in the years ahead, one way or another, or see the entire system collapse.
Simply because they are not going to be able to increase taxes on the workers or corporations much more (laffer curve etc). If the rich wanted to pay more tax, it is easy to do so via the HMRC website, lol.
And I do not see many of them suddenly coughing up billions more in voluntary taxation donations each year (which most of them could not do anyway of course - stock options, unrealised gains etc). But say they did...that would still not even cover the cost of servicing the existing debt, let alone pay it down!
Anyone who thinks the uniparty has solutions to these serious problems, and furthermore would act on them even if they were so inclined...is likely to be disappointed. AIMO, naturally. Anyway, TTFN. |
The Rumour on the Raid on Pensions, it was around the surplus in Public Pensions. They were in Surplus it was mentioned in the news. They left out what GMB/UNISON/UNITE thought of it. They said they would strike and oppose any money taken from members' Pensions.
It is Rumour till it happens Labour knows of the Circumstances and consequences if they decide to.
Not a good way to start by upsetting your supporters.
Happy Investing |
While I am strongly against any tax rises (because we do not need them - we need to significantly reduce public spending in all non-core/front line areas), a raid on pensions would be more achievable than a raid on ISA holdings IMO.
Not that I am advocating a pensions raid, to be clear, but from a legal perspective, it might be easier to pull off. Because ISA's are cash investments from money that has already been taxed. Pensions (especially SIPPs) have incurred (in some cases) significant tax advantages - savings/public funds top ups along the way.
Yes, it was an obvious strategy to encourage people to save for their retirement. Yes, it would represent a rug pull.
But it would hardly be the first time a government has moved the goal posts on people.
Student loan interest payments, various stealth taxes that go by other names, such as social care precepts, green levies, landlord licences...just off the top of my head. Not to mention the most devious of them all: the inflation tax.
They have wars to fund and other avenues for the enrichment of...well, not the ordinary Brit, don't ya know.
Anyway, we can only control what we can control and no point in worrying about it.
The last Peasants Revolt was almost 650 years ago, so I presume most people are happy enough with the current set up. More is the pity, perhaps :) I jest of course. GLA. |
#Monty, indeed, but 1 of my concerns is IF ISA income gets capped or the size is given a ceiling value where income from it is taxed over and above..?
Anything can happen, but I can see a raid on pensions 1st where contributions are all given the 20% tax relief, nothing extra for 40/45% earners..? |
Always get a run up to ex div 27th June, bears panic, investors want the dividend.ISA's will be so important for tax free dividends as Labour comes to power, goodness knows what will be taxed for savers. |
Defensives are charging ahead as markets seem on the verge of a swoon |
Wonder if we hit the large resistance and drift back down again 2480 2500?? |
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