Diversified Energy Share Discussion Threads

[cassini] 29/11/2023 19:01

I sold all mine too, for about 69.1p this afternoon as the sentiment behind this share is currently poor (rightly or wrongly) and I thought it more likely they will drop more than the divi tomorrow than vice versa.

If they do I'll buy back in. This feels more like a trading share at the moment than a divi share.

[laurence llewelyn binliner] 29/11/2023 18:37

Down at 68 pence pre XD, that is harsh, and -4 pence tomorrow too, an interesting day coming up, some will have to be content with the +4 pence at MnG today as an advance offset.. :o)

[spawny100] 29/11/2023 17:17

You bought them off me probably topaz lol. I was dumping mine pre exdiv as I reckon they'll sink more than div AND I have to pay 30% WHT in iweb.

[stevensupertrader] 29/11/2023 17:13

Are you dreaming - FAT HOPE .
You can see investors are dumping before ex div tomorrow ( only FOOLS rush in to buy pre ex div date) plus next week DEC Consolidation of every 20 shares becoming 1 share therefore making after the ex consolidation date the fall more noticeable no longer less than a fraction of a penny fall but over 10 pence each fall - GOOD LUCK FOLKS .

[topazfrenzy] 29/11/2023 15:56

Grabbed a few more

20% dividend means the investment is paid back in 5-6 years and what's left over is what the profit is ... (think 100% return if the share price is the same as now in 5 years)

[bountyhunter] 29/11/2023 13:25

Fair enough I will remove my post :)

[bluemango] 29/11/2023 12:38

Apologies for my impatience.

The question of whether WHT is deducted in an ISA is probably the same, regardless of the new US Listing. See #6388. And yes I was referring to #6389, not yours bountyhunter.

[bluemango] 29/11/2023 12:06

Christ, not again.

It's all explained in the header. WHT is deducted at source, even in an ISA. However some SIPP providers (eg HL) use an exception to avoid the WHT. It's all in the header.

[petersinthemarket] 29/11/2023 12:04

Nobody pays taxes in an ISA

[laurence llewelyn binliner] 29/11/2023 10:30

#Bounty hunter, I asked that very Q yesterday with IB, and was advised that US sourced dividends are subject to the WHT, moving to the NYSE does not result in a change of the dividend source so the dual listing or holding the NYSE stock makes no difference..

I did find a way of recovering some of the WHT here in the UK though, but it only really works for Ltd Co directors paying themselves a small salary + dividends up to the basic rate limit, and those who have headroom to declare the DEC dividends as well and still be inside that threshold..

If so, you can put them on your self assessment, get a credit for the 15/30% WHT and only pay the 8.75% UK dividend tax on them, but if it tips you over into 40% higher rate tax, then you could be reward negative with the 33.75% dividend tax..

[bountyhunter] 29/11/2023 10:11

Re The US listing what is the withholding tax situation when held in $ in an ISA with dividends reinvested in the US listing?

What I'm wondering is is there any advantage in selling on the LSE and repurchasing on the NYSE when listed - for individuals, or institutions. I assume that at the least there will be some rebalancing of portfolios and trackers going on.

[fordtin] 29/11/2023 09:22

Do M&G hold any warrants for DEC?

TR-1's are a requirement for the UK's FCA and I don't think it requires inclusion of warrants.

The form F-20 is a USA SEC requirement and does require inclusion of options or warrants which can be converted to shares within 60 days.

[cassini] 29/11/2023 09:22

Hmmm...

This share is going to be down at least 3.5p tomorrow, but will it drop even more, as it often does?

The price action here coming into ex-dividend is totally underwhelming.

I'm considering whether to sell today, as my third bout of trading this share in the last eight weeks.

Maybe I just lack intestinal fortitude ;0)

[bountyhunter] 29/11/2023 08:41

Yes all smoke and mirrors, I agree that the format of the Advfn RNSs really doesn't help but if their previous level was higher they should have specified that level in the RNS. Not that that anyone seems to be policing these things!

[t 34] 29/11/2023 08:40

Muddy waters , it should be crystal clear .

[laurence llewelyn binliner] 29/11/2023 08:31

It would be very useful if the company had a list of the top ten shareholders on their website to add clarity here, II's buy/sell often moving shares from 1 fund to another so it is very hard to keep track of..

[skinny] 29/11/2023 08:29

Ridiculous isn't it!

[carcosa] 29/11/2023 08:22

I have no idea. But you will also see they have been a shareholder for quite some time by referring to the annual reports going back to 2020

[bountyhunter] 29/11/2023 08:19

So why haven't they reported the previous holding if it was higher than the new holding which they do have to report? Surely that indicates an increase on a previous non-notifiable holding.

[carcosa] 29/11/2023 08:17

It's not what the TR-1 says but M&G has a historic shareholding last reported in the Form 20-F as of June 30, 2023 via the registrars.

[t 34] 29/11/2023 08:17

Yeah,me too, 4% you have to report .

[fordtin] 29/11/2023 08:16

For companies like M&G, BlackRock etc, the 3% rule doesn't apply. They don't have to report until 5%.


If you search through the FCA handbook for DTR/5/1 You’ll find various exemptions for;
market maker,
third country investment firm,
credit institution,
authorised unit trust scheme,
authorised contractual scheme,
recognised schemes,
UCIT scheme,
investment company with variable capital

DTR 5.1.5 “Certain voting rights to be disregarded (except at 5% 10% and higher thresholds)”

[bountyhunter] 29/11/2023 08:11

The reportable threshold is usually 3% (unless offshore in which case 5% may apply). Anyway if previously less than 5% it's still an increase based on the latest RNS.

[skinny] 29/11/2023 08:09

Yes - a new holding.