ANZ.NZX - Anyone holding?

[macduffy]

Despite the 27th July not being here just I am prepared to concede that we wont see $28.00 , however we did see $28.xx

It went very close though, peat!

Today's "relief from capital-raising" rally has seen the shareprice in Aus up 4%! As usual, markets have done their over-reaction thing, IMO - but I'm not complaining!

[Bobdn]

Will it be three days in a row for jumbo increases? Hope so, like to head into the weekend on a high.

[dabsman]

I was reading in the SMH and someone said there could be the use of improved DRP to keep more capital in the company. So if you elect into the DRP you get a bigger discount on the shares you pick up to avoid paying these funds out to increase the capital held. I'd love this but I'm not sure my understanding is correct? Happy holder and DRP participant in any regards

[macduffy]

I was reading in the SMH and someone said there could be the use of improved DRP to keep more capital in the company. So if you elect into the DRP you get a bigger discount on the shares you pick up to avoid paying these funds out to increase the capital held. I'd love this but I'm not sure my understanding is correct? Happy holder and DRP participant in any regards

The thinking here is that the banks won't need to raise additional capital through share issues but will be able to gradually increase levels, in line with gradually rising required ratios, through retained profits and DRP's, if necessary by offering discounts on the DRP price. Most DRP plans allow directors some discretion to apply, and to vary, such a discount at their discretion.

[winner69]

UDC sale unlikely now

http://nzx-prod-s7fsd7f98s.s3-websit...300/272218.pdf


Probably can't blame Jacinda

[macduffy]

UDC sale unlikely now

http://nzx-prod-s7fsd7f98s.s3-websit...300/272218.pdf


Probably can't blame Jacinda

Only to the extent that the OIO is now under notice to take a more thorough look at such applications. From ANZ's viewpoint it's more of an irritant to their programme to divest activities outside their core interests. I note that it doesn't impact on the planned $1.5b share buyback.

[dabsman]

Now I need someone much smarter than me to help out - not exactly a high hurdle I am adding here haha

Now lets say I get $1,000 ANZ dividend from my NZX listed ANZ share and I am a NZ tax resident. I effectively lose the franking credit (I'm assuming this is Australian term for Imputation credit). Is there a way to make use of this? Anyone got a work around tax wise? Can i sell the NZX share and buy ASX and get any advantage by being non resident in Australia?

[huxley]

Now I need someone much smarter than me to help out - not exactly a high hurdle I am adding here haha

Now lets say I get $1,000 ANZ dividend from my NZX listed ANZ share and I am a NZ tax resident. I effectively lose the franking credit (I'm assuming this is Australian term for Imputation credit). Is there a way to make use of this? Anyone got a work around tax wise? Can i sell the NZX share and buy ASX and get any advantage by being non resident in Australia?

You might want to get proper tax advise if you're unsure, but generally if you are a NZ tax payer, you can only use the partial imputation credit in your tax return.

* it makes zero difference if you hold on the ASX or NZX

[dabsman]

Thanks mate - I've got an appointment with my accountant to go over everything so this will be added into the mix

[huxley]

Kind of old news, but ANZ returning capital from recent asset sales via share buy back program. Looks to be the best option from a NZ tax perspective, rather than say a special dividend where you would not get full imputation.

https://thewest.com.au/business/bank...-ng-b88693605z