Thungela Resources Share Discussion Threads

[casket1] 21/9/2022 17:27

spawny / disco, wish you both luck with your strategy

[saltraider] 21/9/2022 17:18

TGA fell by 15.54% on the JSE today. Ex-Div date is 21 September for shares listed on the JSE, a day ahead of the Ex-Div date for shares listed on the LSE.

That's broadly in line with spawny100's suggestion that shares sold today at around £18 on the LSE should be available to buy back at around £15 tomorrow. That's if events don't intervene.

I have too many bad experiences of getting caught the wrong side of an unexpected share price movement when trying to profit from 'sure-fire' trading opportunities. I just don't bother with it any more. Save for some more fundamental change, I just sit tight and hold through the short-term rises and falls.

Good luck to all trying to make a few bob trading Thungela around tomorrow's UK Ex-div date.

[g1g4lo] 21/9/2022 16:41

Just remember the CGT if you buy a share within 30 days of selling it. Totally different tax bill so be careful

[disc0dave45] 21/9/2022 15:19

Yep me tooClearly saying you are trying to make a profit and buying back lower displeases someone, someone who hasn't the gonads to say upfront....how sad.

[spawny100] 21/9/2022 14:34

Likewise disco. I'm thinking looking like a selloff to 18 by end of day and hope to be able to buy back mine close to 15. Best laid plans of mice and men etc - we'll see!

[disc0dave45] 21/9/2022 14:30

Be unusual for it not to drop to somewhere near the divi. I'm hoping I gain in excess of 240p, thus a net gain from not taking the divi, before buying back in.

[eggbaconandbubble] 21/9/2022 14:28

Got something stuck in your throat spawny?

[spawny100] 21/9/2022 14:03

Sblk or gogl?

[casket1] 21/9/2022 14:02

Jak, don't see a £3 drop tomorrow, or even £2.40 allowing for the tax implications

Where else are you going to find a share with a dividend yield anywhere close to TGA ?

[eggbaconandbubble] 21/9/2022 13:59

Has anyone ever asked HMRC if one can deduct the value of witholding tax from one's own UK tax bill???

[1viky] 21/9/2022 12:23

Is there a withholding tax on dividends for the LSE listed shares? Thanks

[sogoesit] 21/9/2022 10:57

Indeed, all commodities' producers are, fundamentally, speculation on their respective commodity price (as production growth tends to be slow and constant).

Worth noting that the futures price is not the spot price in the future, or the contracted price (as may be the case for Natgas).
More fundamental supply/demand analysis is required than for a "pure commodity" and a look-across at coal's competition. Take a look at the volume on API4 Richards Bay. It's pitiful.

[sogoesit] 21/9/2022 10:39

That's my guess too as pre-ex it looks undervalued (13% even for 240p net).
If the forward, final, dividend is similar to the Interim, and I can't see a reason for it not to be, then the valuation "should" remain approximately constant going into year end, all things equal.

[eggbaconandbubble] 21/9/2022 10:23

This site is good for divi info.




I have a gut feeling the share price will faily quicly rise after the initial drop tomorrow,
but I have no solid reasoning to back that up.

[saltraider] 21/9/2022 09:55

My broker is saying 26/09 for payment. But that seems very early. I'll be delighted if it is paid this month, though.

[charlotte2020] 21/9/2022 09:51

Divi paid 10/10

[casket1] 21/9/2022 09:29

Thought he sold 60,000, either way small beer in the whole scheme of things.......

[sogoesit] 21/9/2022 09:19

Post #675 I feel your pain ;-); some of mine, exposed to tax, will have to go today.
See where we are at 4pm. but think £20 would be fair value.

[g1g4lo] 21/9/2022 08:42

Large seller by a Director yesterday selling 30,000 shares but all done.
Will be interesting to see where this closes

[saltraider] 21/9/2022 08:25

And I have a five figure divi showing as due in my brokerage account. Hey, some you win.

[saltraider] 21/9/2022 08:23

I'm no way a sharp enough operator to have even thought about taking advantage of the the likely share price movement around the ex-div date. Happy to have been hapless and hopeless, since the share price seems to have gone gang-busters this morning.

Who'd have thought?