lol - and there was I thinking that I was the only one that happened too - the maddening thing is that when I don't buy the price goes up!! Oh, well I keep trying.
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lol - and there was I thinking that I was the only one that happened too - the maddening thing is that when I don't buy the price goes up!! Oh, well I keep trying.
What are the forums opinions on dividends with this stock or has this been dealt with earlier. Realise this is a long way off Atm but is there any indication as to policy or intent.
hi sparky and skid, no just kidding about selling the house besides it belongs to a working farm of which i have just finished feeding out in the pouring rain,HOW GOOD IS THAT.I have picked up PEB shares along the way and at this stage feel very satisfied with its progress and just have a feeling its really only in its infancy and one of our more exciting stocks going forward.
Hancocks - tax losses can not be distributed to shareholders. Therefore it needs to have that amount of taxable income before it pays any company tax. I assume they have enough losses to cover a few years profits.
To get imputation credits, you have to pay company tax. Therefore, if they paid a dividend before they pay tax, it will be an unimputed dividend which is not tax efficient as the shareholder will have to pay tax.
However, a company can return capital tax free to shareholders (upto the amount of 'avaliable subscribed capital' which is similar to the old paid in capital).
As a shareholder, if a company was going to pay out $10m to shareholders, I would prefer to receive it as capital or with imputation credits,rather than having to pay tax.
Not sure what the second part of your post is about. If you want something explained in detail, just ask. I could give you a 5 page opinion on that but it will cost ya. ;)
Being a new PEB investor could I please ask the forum why someone would have 1,000,000 shares
for sale at 1.00 which is way and above the market. Is someone just showing off (egos again) or what. Dont suppose anyone would like to have a wager they wont be there if and when PEB gets into the 90s. I know its their business but it seems a bit weird to declare such a large holding so early. Is this a bit of market psychology at work?
CJ, you might like to briefly share your expertise on the subject of the shareholder continuity threshold wrt c/f tax losses to complete the picture. I doubt they would be a T/O target until these are consumed by profits?
confession: I'm a 'bush accountant' armed only with enough self taught info to be dangerous!