Do I defer to your obvious wisdom; obtained over many .. many .. years. percy ??.
Hmmmm...
As a fellow traveller over those years .. I beg to differ..
Maybe it was your sales that I picked up :-)))
Accumulating..
I thought it was only right that I posted my misgivings,and the fact I had sold my holding,as I had been very positive about the company's prospects,and was concerned that I had steered other sharetraders to "look twice" at the company.
Hopefully my misgivings are groundless,and I will have to buy back in a lot higher prices.!!!
im out as well, normally I trade so would have sold at 36 but thought I would go for a long termer for once lol ( should stick to my strategy ) but like article below says good times may be over
http://www.nzherald.co.nz/business/n...ectid=11459434
Divy was a bit less than I was expecting. Forgot about the lack of imputation credits. Bugger. But, if someone plonks some money in your bank, one shouldn't really complain about paying tax on it.
Granted and the forecast is now $20m. However if TNR did pay tax... they would be able to pass this on to us with Imputation credits. So either way it makes no difference does it?
The reason I am highlighting this now is the prior post and my own experience of paying RWT off my dividend to the IRD. Having Imputation credits nullifies this payment thus for the shareholder it is a moot point if the company posts their profits as pre-tax (gross)
At these prices starting to get back on the accumulate radar again :)