Thungela Resources Share Discussion Threads

[888icb] 08/5/2024 12:43

The dividend has now appeared in my II account.

[scorpione] 08/5/2024 11:09

Try after 3pm today and the dividend might there

[888icb] 08/5/2024 08:56

No dividend in my II account.

[sturmey] 08/5/2024 08:43

Dividend was due to be paid May 7th. Has anyone received theirs?

[penandnen] 07/5/2024 09:40

A £5K holding here gives you the excitement of seeing one share in your portfolio move up (and down) £250 a day seemingly at random. Also gives you a daily reminder the rest of the world is getting cheap energy while we "save the planet" paying an arm and a leg for our energy from "un-reliable" expensive windmills.

[sbb1x] 18/4/2024 15:44

Buy backs up to 100,000 shares a day is intetesting. Could these re visit 630s

[casket1] 12/4/2024 09:52

Think the days of maga high coal prices is well behind us although I don't see any reduction in usage being phased out for many years to come (India etc)

Don't see this going anywhere close to the previous £16 level but with a steady revenue stream from physical sales I am more than happy with my "passive income" holding for just the dividends alone

[penandnen] 11/4/2024 15:22

Not many canaries in these mines! I seem to remember AAL "gifted" me this holding. Added some. Sold some. Still unsure what I'm doing here. Can't complain about dividend stream but capital-wise, I just tend to view it a "foreign aid". Who remembers Lonmin?

[hunter154] 19/3/2024 16:21

Why the big jump today when news was yesterday morning?

[hipete69] 19/3/2024 10:36

Thanks for the responses.

I am registered as a sole trader, my business being share trading. So trading gains/losses count as income alongside dividends, PAYE earnings, pension, interest etc. I cam also offset income against prior year trading losses. So if it turns out that I don't have to pay tax in 23/4, or at least not much, the my thinking is that i could reclaim the tax paid in SA (I assume there is a double taxation agreement with the UK.)

anyway, more in hope than expectation, i have registered on www.sars.gov.za to see if i can make any progress

[hunter154] 19/3/2024 10:05

Thanks Casket; so owning the shares in a tax exempt UK wrapper like ISA/SIPP does not help?

[casket1] 19/3/2024 09:48

Dividends are tax exempt if the beneficial owner of the dividend is an SA-resident company, SA-retirement fund or other prescribed exempt person, otherwise the 20% tax will pretty much apply to all holders (including hipete69, sorry)

[joey52] 19/3/2024 09:29

In theory you should be able to but, nobody is geared up to do so.

[hipete69] 19/3/2024 08:40

Has anyone got experience of reclaiming the Witholding Tax? What's the best practical way to do it? Many thanks

[e43] 18/3/2024 07:43

Results as expected,welcome start of sharebuyback+div+strong cash position should support SP,but future coal price as always remains the key,company seem to have decent plan going forward.

[scepticalinvestor] 18/3/2024 07:38

Deary me20% drop on open?

[queenbreguet] 18/3/2024 07:26

Um results are pretty poor. Red today ??

[hunter154] 15/3/2024 11:04

Sturmey,

I cant wait for the results. Coal stocks are cheap the world over.
Hope the market gives TGA love on Monday.

[scorpione] 12/3/2024 10:08

Hunter - the dividend is in ZAR not pence, so that makes the yield approx. 44% in my view, which is excellent!!!

[sturmey] 11/3/2024 23:11

HunterYou are spot on.TGA is as cheap as chips.But most private investors only buy as part of a crowd.Be contrarian! Fill your boots now!I am long oil, uranium and coal. Go for itSturmey

[casket1] 23/2/2024 09:54

Depends where its distributed from

[sbb1x] 23/2/2024 00:35

What's current coal price....

[e43] 06/2/2024 07:00

Record Indonesian exports of mainly cheap lower grade coal dampening the whole market, Indonesia increased their global coal exports in 2023 over 2022 by 50million tons,pretty much SA total export volume.