Merchants Share Discussion Threads

[ctrader3] 13/5/2021 08:45

oh dear, it relates to dividends.

[rik shaw] 13/5/2021 07:38

Posted on wrong board. This relates to SMT !

[ctrader3] 13/5/2021 07:28

Earnings and dividend

The Managers seek to maximise total return by providing growth capital to a global portfolio of transformational public and private companies. One common characteristic across these companies is that many choose to retain and reinvest most of their earnings to support future growth. This results in a relatively low level of dividend income for your Company that represents a small and diminishing part of the overall return generated. The revenue earnings per share for Scottish Mortgage over the period were 0.62 pence - this represents a reduction on last year (1.55 pence in 2020), following a decline in income received from portfolio companies.

As a Board we acknowledge the importance of providing a predictable and growing level of dividend income, to help shareholders plan for their own overall portfolio income needs. The Directors are, therefore, recommending that this year the total dividend be increased by 5.2% to 3.42 pence.

The Company's revenue earnings for the year are insufficient to cover the dividend and the majority will be paid from realised capital reserves. Collectively, we believe this to be appropriate, given the relatively immaterial size of the element paid from capital compared with the scale of the distributable capital gains achieved over the long term


SMT

[superiorshares] 12/5/2021 21:17

Oh MY !

SS

Bathe in your correctness :-)

Filtered

😭😭😭😭8557;😭ԅ57;😭😭;😭😭😭

[superiorshares] 12/5/2021 17:18

On that post regarding my theory on dividend cut.
I stick with it all .. except that last line . Zaco is going to put the actual post up for me . Rather than re-writing it , my memory is normally very spot on !..
It goes back years and years . Got a wonky brain you see .

I can honestly say I can`t remember writing " So, an additional tax rise equivalent to 40 % of the value of the dividend currently being paid !
Also that line is certainly not my grammer .

If all you Investors look at my post of last night 11 may 21 18.22.
For those of you that watched sqauwk box today . You would have thought I wrote the script .
Regards Investors .

[superiorshares] 12/5/2021 17:07

zac0
Yes the bottom line is confusing . I am mildly dyslexic remember .
I can honestly say I cant remember writing that last line ?
Has that been added on ?.. I remember the rest of it perfectly !
can you print up the actual post for me please because I don`t know how to do that .

See the last line is totally out of context to my post .

Zaco .. print the actual post please.

[zac0_4] 11/5/2021 21:30

SS - Here's what you said . . .

"as dividends go . For me people are looking at the wrong thing . Ie A companies ability to pay the dividend .
They should be looking at upcoming Taxation and regulation .
If a company pays out say 50 million in dividend , due to Corona they incur an additional 20 million in taxation one way or another .
Does this mean the company will shell out 70 million . 50 Divi plus 20 additional tax. Or they will still shell out 50 million . 20 additional tax and reduce the Divi to 30 ??"

So, an additional tax rise equivalent to 40% of the value of the dividend currently being paid!

[zac0_4] 10/5/2021 09:23

SS - It still doesn't explain how a UK listed trust, investing in UK listed companies, will see tax rises equivalent to 40% of the value of the dividends currently being paid, does it? And that is what you said, isn't it?

[gateside] 09/5/2021 17:39

Thanks ADVFN for having a filter button :-)

Superiorshares9 May '21 - 15:20 - 1606 of 1606 (Filtered)

[superiorshares] 09/5/2021 15:20

zaco

Yes sorry my words were wrong . Ok I will try again .

Bedriddens Tax Rises , including Corporation Tax are set to increase Tax Rates in the Individual States between 38 per cent and in some States it will be close to 50 per cent .
In fact Andrew Ross Sorkin ( A pure Leftie ! ) said of Bedriddens Tax plans .
The new Tax rules were coming so quickly , it was difficult to keep up with them !.

So zaco .. The Tax Take is set to increase up too 38 per cent and as much as 50 per cent , depending on which State you live in .

That ok for you ?