Somero Enterprise Share Discussion Threads

[hpcg] 26/2/2017 12:28

chilly - for the 2.5c dividend paid in October I received 1.7p. Based on the exchange rate at the time that means the treaty rate of 15% withholding was applied. This was with HL, and I have a W8-BEN. I can't tell you for sure that the W8 was the cause of getting the treaty rate, or the rate was applied for some other reason. As I say, retirement accounts are the best place for US dividends as they are zero rated for withholding.

[chilly100] 24/2/2017 16:20

Regarding all this talk on the W8-BEN form, I'm with III and it says the following:

Income from Shares that are traded on the LSE will not be covered by a Form W8-BEN and hence will be subject to the deduction of the 30% tax rate at source.

You can find the details by searching III W8-BEN and clicking on the second item down.

So it seems this only applies to US listed companies?

[ragehammer] 20/2/2017 12:05

It looks like that's the regular dividend moving up to 40% pay out ratio (from 30% previously) as the 2017 dividend is forecast at 11.4c. They indicated there would be a further special dividend on top of that.

[saj3] 20/2/2017 11:57

Is that on top of any special dividends they are intending on paying

[ragehammer] 20/2/2017 10:16

Full year forecast is 11c (8.8p). 2.5c has already been paid so forecast final dividend will be 8.5c (6.8p) at current FX rate of 1.25

[glaws2] 20/2/2017 08:54

Forecast is for 9p per share - 1.86 already paid

[croasdalelfc] 20/2/2017 08:49

Has anyone got a handle for what the dividend will be?8p a share?

[hpcg] 10/2/2017 19:19

Longshanks - I suspect nominee providers would have a real problem if some customers had filled out the W-8BEN and others hadn't. Also, as I don't think this is well known, if you have a SIPP and other accounts try to put US dividend payers in there. There is no withholding tax at all on retirement accounts, 15% on all others.

[tightfist] 08/2/2017 08:34

Hi everyone.Thanks for all the advice, a W-BEN form is no problemo, I guess my Broker will want it upfront. I like the Spreadbet approach, my account has been inactive for too long....Cheers, tightfist

[3rd eye] 07/2/2017 18:44

Yep just use a IG Spreadbet.

[danpollard] 07/2/2017 18:05

All I had to do was download the form from HL's site, which already had my details populated, print and send to their office. Easy. I've also topped up via a spreadbet with IG and that didn't involve any forms.

[interceptor2] 07/2/2017 16:52

With TD Investing it wasn't possible to buy SOM until I had filled out the W-8BEN form. But as already mentioned it was a very easy online process and the form is valid for at least 2 years from memory.

[longshanks] 07/2/2017 15:22

The W-8BEN form isn't required to buy shares.It is a means of avoiding US withholding additional tax on dividends. If you are UK resident then it is worthwhile.

[grahamburn] 07/2/2017 15:06

TD Investing have a facility to do the form online - so it's literally instantly tradeable thereafter.

[pnetol] 07/2/2017 12:17

I had to do the same, the form was pretty simple to fill in so don't let that put you off.

[glaws2] 07/2/2017 12:05

tightfist; although it's listed on AIM it's a US domiciled company and as such you have to complete a W-BEN tax form before you can buy. Call your broker - you can it set up in a couple of days. The form will also allow you then to buy any other US stock.

[tightfist] 07/2/2017 11:47

Hi,I am interested in getting into SOM, business model looks to be well placed in a turbulent world. However, friends report that the Buying process isn't straightforward. One was talking about the W-BEN tax form, I suppose it's US domiciled.Can anyone shed any light? Is it settled on CREST or are there other unseen issues? Or is a spread/size issue.Thanks, tightfiste

[mrthomas] 07/2/2017 11:15

looking to buy but nit an easy share to buys on line have to call up to buy plus large spread just hope have not missed the boat

[interceptor2] 07/2/2017 09:36

Looking at the chart volume has been lighter recently which could suggest that any selling pressure has dried up now. A lovely looking chart over the last year with periods of consolidation followed by a new breakout, the current consolidation since the trading update 10 January looks very solid.

Not long to wait for full year results and they did say that they are considering a special dividend later in 2017, so plenty of potential catalysts to look forward to.

[rivaldo] 07/2/2017 09:14

There have been around 60 trades yesterday and so far today, of which 58 have been Buys and only 2 sells! That's a net buy of around £420,000.

Hopefully today's tick up on a narrowing spread is a sign that the buying pressure is beginning to take effect.

[flagon] 04/2/2017 10:36

Dividend Growth Champions
Written by: Christopher Boxall on February 3rd 2017
Category: Investments, Shares

Somero Enterprises Inc. (AIM:SOM)
With a strong finish to 2016 the US based manufacturer of laser-guided machinery used in concrete placement recently reported that revenue for the full year and net cash at the year-end was ahead of market expectations. This saw the company lift the full year dividend 50% to 11 cents (8.7p) equating to a historic yield of 3.4%. The business has invested significantly in previous years and with the market for its products looking very supportive, notably in the US, the cash should continue to build with the potential for further meaningful increases in the dividend.

Link ->

[pnetol] 31/1/2017 13:56

Interesting, peel hunt moved down to 255 to buy earlier joining Cannacord, Cannacord have just moved up to 260 , I wonder if Blackrock have finished their selling???

[rivaldo] 31/1/2017 10:32

Good to see a tick up via the spread closing to only 3p - hopefully a sign of continued demand for shares.

[bones] 30/1/2017 17:57

The impressive thing is the enthusiastic take up at top price of the sold stock.

[croasdalelfc] 30/1/2017 17:23

1.683m left on 27/01 and 632500 sold today.So if they are selling out then it leaves about 1m to go