sharetrader
Page 27 of 28 FirstFirst ... 17232425262728 LastLast
Results 261 to 270 of 273
  1. #261
    Legend
    Join Date
    Dec 2009
    Location
    Everywhere
    Posts
    6,924

    Default

    Isn't the allocation of 48% of WPL as the consideration for BHP's O&G being distributed as a franked (or taxable) dividend - if my thoughts are correct ?

  2. #262
    IMO
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    9,696

    Default

    Yes fully franked. If it stacks up I will sell BHP cum the allocation and buy more WPL..

  3. #263
    Legend
    Join Date
    Dec 2009
    Location
    Everywhere
    Posts
    6,924

    Default

    Quote Originally Posted by Joshuatree View Post
    Yes fully franked. If it stacks up I will sell BHP cum the allocation and buy more WPL..

    Possibly NZ Tax implications on the BHP Div for NZ holders I guess ?

  4. #264
    Legend
    Join Date
    Dec 2009
    Location
    Everywhere
    Posts
    6,924

    Default

    I wonder what the end result of the following NZ Shareholders Association approach to
    Inland Revenue on NZ Tax implications of these large mergers was ?

    https://taxpolicy.ird.govt.nz/en/pub...bill/demergers

  5. #265
    Senior Member
    Join Date
    Oct 2013
    Posts
    1,275

    Default

    https://www.smh.com.au/business/comp...18-p5ambv.html

    Potash, its kind of a big deal apparently.
    Last edited by Bobdn; 18-05-2022 at 05:17 PM.

  6. #266
    IMO
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    9,696

    Default

    So the sale of BHP's energy assets to Woodside have been approved with BHP holders getting 1 woodside for every 5.5340 BHP shares in the form of an in specie divi, fully franked. But us Kiwi investors cant make use of the franking component and will get less Woodside shares.Can anyone confirm this, thanks.
    Last edited by Joshuatree; 20-05-2022 at 12:34 PM.

  7. #267
    IMO
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    9,696

    Default

    Found this at Craigs .

    :BHP shareholders will receive 0.1807 shares of WPL for each BHP share. At WPL’s current price of A$31.19, BHP’s shareholders will receive A$5.64 of value per BHP share (excluding franking credits which NZ investors can’t use), which equates to BHP paying out around 11.7% of its value.For non-natural investors (such as trusts) in New Zealand, we expect the in-specie distribution to be considered a taxable dividend. Our calculations suggest the tax burden could represent 5.8% of current value of BHP. For individuals, we expect the distribution will not be deemed a taxable event.



  8. #268
    Legend
    Join Date
    Dec 2009
    Location
    Everywhere
    Posts
    6,924

    Default

    SP getting kicked upwards ahead of trading Ex the Woodside Distribution on 25 May on ASX

    https://cdn-api.markitdigital.com/ap...df02a206a39ff4

  9. #269
    IMO
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    9,696

    Default

    Quote Originally Posted by nztx View Post
    SP getting kicked upwards ahead of trading Ex the Woodside Distribution on 25 May on ASX

    https://cdn-api.markitdigital.com/ap...df02a206a39ff4
    Worked out well so far.Im re $5900 up with my 181 woodsie shares per 1000 BHP and Both BHP and WPS shareprices have trucked up since the distribution.Real test is over night when British BHP investors can sell their new WDS ones.

  10. #270
    Legend
    Join Date
    Dec 2009
    Location
    Everywhere
    Posts
    6,924

    Default

    Quote Originally Posted by Joshuatree View Post
    Worked out well so far.Im re $5900 up with my 181 woodsie shares per 1000 BHP and Both BHP and WPS shareprices have trucked up since the distribution.Real test is over night when British BHP investors can sell their new WDS ones.
    BHP was trucking along quite nicely until today with a bit of a dip .. never mind - liked the smell of WDS better.
    I may be wrong, but dont see a local NZ taxable aspect to this deal unless I've missed something.
    Still got the prescribed number of Woodsie shares - has anyone sighted anything that looks like
    a dividend notice for Kiwi holders yet ?
    Pretty inequitable getting slugged on being given back a slice of what you already owned surely ?
    Last edited by nztx; 06-06-2022 at 10:00 PM.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •