Diversified Energy Share Discussion Threads

[hghotshot] 21/2/2024 10:09

Barclays deducted 30% WHT (despite a W8-BEN being in place) so I moved to ii (very quick and easy to do) where WHT is 15%.

[bluemango] 21/2/2024 09:50

Again, this is also referred to in the link provided in the header under 'further info' where it's explained that certain ex-banks seem to have trouble following the rules re WHT. Each time this issue is discussed on here, the advice in this case is to change broker if the shortfall is significant enough.

[laurence llewelyn binliner] 21/2/2024 09:49

Same for Smart Investor ISA, with a W8-BEN, still -30%, IIRC Interactive Investor were one of the few providers that only withheld -15%, but someone else will need to confirm..?

[bountyhunter] 21/2/2024 09:48

This could continue to rise (albeit not in a straight line) until XD 87.5c next Thursday as shorters get out rather than stumping up the dividend.

[fred177] 21/2/2024 09:45

i web is part of Halifax and they do the same

[spawny100] 21/2/2024 09:42

Not quite true. Some brokers like iweb still charge 30% wht even if in an ISA with completed W8-BEN sadly!

[clissold345] 21/2/2024 09:30

bluemango - thank you.

[bluemango] 21/2/2024 09:17

It's all explained in the header. 30% WHT in an ISA, reduces to 15% if you've completed a W8-Ben.

[clissold345] 21/2/2024 09:15

I'm in the UK. I own DEC (the UK shares) in an ISA. Will Witholding Tax be deducted from the dividend? Does the Witholding Tax reduce if I fill out a W8-BEN?

[blue square] 21/2/2024 08:53

Apparently chesapeake announced
production cuts for N. gas
causing an uptick in price
According to ING.

[justiceforthemany] 20/2/2024 22:52

Nat Gas price is surging
+7.5%

[blue square] 20/2/2024 21:47

US Natural gas has perked up
perhaps Freeport is back fully
online?

[fordtin] 20/2/2024 21:31

US trades are equal to 96.02% of today’s UK trades.

Also equal to 114.9% of yesterday’s UK trading when the US market was closed.

[justiceforthemany] 20/2/2024 21:28

US volume now equal to UK, so no excuses as to the ongoing market rigging taking place here.
Strong finish in US also - again.

[hashertu] 20/2/2024 18:48

I found this a useful read as I know little about the subject.

[bountyhunter] 20/2/2024 18:20

I see your point, it's just that anything over 100% seems counter-intuitive. I suppose that it's a bit like holidays villas in that a small proportion of them are let out twice for the same week!

[fordtin] 20/2/2024 18:07

The way I see it, 100% of the shares have one registered owner for each share at all times, therefore there must always be a minimum of 100% long.

The people who hold I.O.U's for 3.18% of the company could also consider themselves to be long even though they don't actually own the shares, because they are expecting the shortsellers to redeem the I.O.U's. by giving them shares.
Unless an I.O.U, holder accepted a contract for difference in exchange for their shares, in which case they've just accepted a side bet, with no obligation to settle in shares.

[bountyhunter] 20/2/2024 17:49

Surely the 3.18% short are borrowed from the 100% long? That doesn't mean there are then 103.18% long there's still 100%, it's just that 3.18% have been borrowed as the shorts. At least that is how I now see it after considering graham's post.

[fordtin] 20/2/2024 17:43

Might seem a bit of a tangent, but relevant if you think 100% is a hard ceiling.

Imagine you’re on a two engine passenger aircraft and one engine fails. Would you be happy to know the aircraft systems can automatically take the other engine over 100% maximum rated rotational speeds and over 100% maximum rated EGT/ITT (exhaust gas temperature/inter turbine temperature)?

If you’re not happy with that, your might want to research your choice of aircraft before boarding!

[bonnard] 20/2/2024 17:25

Total shares must be 100%.
So if there are 3.18% short. These count as -3.18%
Therefore there must be 103.18% long since:

103.18 - 3.18 = 100

[aleman] 20/2/2024 17:22

Today's US volume still on course to beat UK. Up to 945p.

[bountyhunter] 20/2/2024 17:14

I think that's probably it, half way between the two previous suggestions :)
Nice to see both listings now in the blue today despite the shenanigans earlier. 6 trading days left after today until XD.

[grahamg8] 20/2/2024 17:07

Interesting. My take is that you can't have more shares than the total in issue. And by definition anyone holding the shares are long. So 100% long. And I agree 3.18% short.

[bountyhunter] 20/2/2024 16:44

Closed up in London with a good chance it will do the same in New York.