Share Investment, Discussion & Tips

[MarillionFan]

Right! Now at break even with exception of a divvy to come from Standard life. Come the huge rally on Monday I'll be laughing

[jamesbrown]

Right! Now at break even with exception of a divvy to come from Standard life. Come the huge rally on Monday I'll be laughing

FTSE futures up 1.6%. Incredible reversal in the US given the horrible jobs numbers and factory orders. I guess it's the certainty the markets were looking for...

[Andy2]

FTSE futures up 1.6%. Incredible reversal in the US given the horrible jobs numbers and factory orders. I guess it's the certainty the markets were looking for...

its been like this for many years. A bad news is good news for stocks as all the printed cash via QE will go straight to stock market.
I predict dow 20000 by december.

[AtW]

I predict dow 20000 by december.

Which year?

[jamesbrown]

its been like this for many years. A bad news is good news for stocks as all the printed cash via QE will go straight to stock market.
I predict dow 20000 by december.

Not recently though, in fact the opposite (i.e. good news is good news, and vice versa). If upcoming earnings substantially miss expectations (it's quite a low bar), I'd expect another test of the lows before too long.

[sirja]

The market was looking to rally and bounced right at support. I expect it to rally for a few more days before the bear resumes it's work. October is traditionally a bad month, I don't see anything that points to this year being any different. I hope to start laying in short positions from next week.

[MarillionFan]

Weird. Glencore cancelled their dividend, but I have a forty quid payment from them in my account???

[BlasterBates]

Weird. Glencore cancelled their dividend, but I have a forty quid payment from them in my account???

I got one too, had to click on it twice, bit it was definitely a Glencore dividend.

Apparently that's the interim dividend, ex-dividend date 2. September. I thought it would have been paid out already.

They've cancelled a bigger dividend they were planning to pay at the end of the year

[mudskipper]

Weird. Glencore cancelled their dividend, but I have a forty quid payment from them in my account???

I got a message about it.

Dear mudskipper

Glencore plc: Return of Capital

What has happened?

The Company has made a Return of Capital cash payment to Shareholders. Shareholders at the close of business on 9 September 2015 have received a payment of 3.864485p per Share.

How has my portfolio been affected?
Consequently, your Vantage Stocks & Shares ISA has been updated to reflect the following changes:

Holding of Glencore plc Shares on the Qualifying Date:
x Shares
Return of Capital payment:
3.864485p per Share
Total cash payment:
£ x

Do I need to take any action?
No. The Return of Capital has now been completed; this letter is for information purposes only. Should you wish to reinvest this cash in further stocks/funds of your choice, please telephone our Broker line on 0117 980 9800, where our Dealers will gladly assist you. Alternatively you may reinvest the proceeds online at Hargreaves Lansdown | ISAs, pensions, funds and shares.

Further information
This payment has been released as a Retunr of Capital payment in accordance with the RNS announcement from Glencore on 9 January 2014:

"Relevant UK Shareholders have previously been informed that dividends/distributions paid or payable in respect of the Company's Shares should generally be treated as income distributions for UK tax purposes, but that where a distribution was made from Share premium account, there was a possibility that the applicable tax regime would instead be that relating to capital gains.

Having taken further advice (and in the light of a recent decision of the UK Court of Appeal), the Company now understands that all dividends/distributions it has made or (assuming no change in the law) will make from Share premium account (a capital contribution reserve) are or will be, in the hands of relevant UK Shareholders, subject to UK capital gains tax rather than income tax."

Future Distributions from Glencore plc
Please note, Glencore plc announced on 7 September 2015 that the 2015 Final Distribution and the 2016 Interim Distribution have been suspended under Glencore plc’s plan to reduce net debt and adapt the business to the current commodity landscape. Glencore plc have not given an indication as to whether Distributions will resume following the 2016 Interim Distribution.

[AtW]

Weird. Glencore cancelled their dividend, but I have a forty quid payment from them in my account???

You'll have to pay it back.

HTH