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23-11-2015, 08:04 PM
#181
Originally Posted by Bobdn
Great thanks Snoopy. One last question (maybe not - in the interim dividend I received in July for my nzx.anz shares, there was no mention of imputation credits. At that stage, I had 1227 shares. The payment rate was .86 cents as you know, and the total gross/net amount was listed as $1,055 The franking credit is listed (no good to us I guess) at $452.
I think I might be missing something here, but how do I know what the imputation credits are? Thanks in anticipation.
Presumably the shares aren't held in an Australian- domiciled nominee account?
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23-11-2015, 08:47 PM
#182
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25-11-2015, 02:31 PM
#183
Originally Posted by Bobdn
Great thanks Snoopy. One last question (maybe not - in the interim dividend I received in July for my nzx.anz shares, there was no mention of imputation credits. At that stage, I had 1227 shares. The payment rate was .86 cents as you know, and the total gross/net amount was listed as $1,055 The franking credit is listed (no good to us I guess) at $452.
I think I might be missing something here, but how do I know what the imputation credits are? Thanks in anticipation.
Bobdn, I just had a look at my 2015 interim dividend statement dated 1st July 2015. There were seven 'headers' spread out across the page as follows:
Class of Share |
Dividend per Share |
Number of Shares |
Franked Amount |
Dividend Amount |
Franking Gredit |
NZ Imputation Credit |
All amounts are listed in Australian dollars except for the imputation credits. These are listed under the furthermost column to the right, in $NZ. My ANZ shares are listed on the NZX, as I believe are yours. So our interim dividend statements should be both printed in the same format.
SNOOPY
Last edited by Snoopy; 25-11-2015 at 02:41 PM.
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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25-11-2015, 02:38 PM
#184
Originally Posted by Snoopy
Bobdn, I just had a look at my 2015 interim dividend statement dated 1st July 2015. There were seven 'headers' spread out across the page as follows:
Class of Share |
Dividend per Share |
Number of Shares |
Franked Amount |
Dividend Amount |
Franking Gredit |
NZ Imputation Credit |
The Dividend Amount is in A$ so needs to be converted and the NZ Imputation is in NZ$
If paid in Cash (no DRP) don't you get NZ$ so no need to convert.
Seems pretty clear to me
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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25-11-2015, 05:30 PM
#185
Thanks both. My shares are nz listed, however my statement doesn't have the imputation header. I'm in the drp but i assume that would not mean a different statement
I'll check in with computershare and report back in due course.
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08-01-2016, 03:24 AM
#186
Member
If panic sets in about Asia and the Australian business starts to trade at an irrational discount I still think some will be tempted. The core business is still performing and it seems to me that the "super-regional" business could eventually be shirked which would streamline the business towards investor returns. Perhaps a little wishful and/or premature in my part however.
Given the companies performance over the last decade the remuneration issues also appears poignant.
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16-01-2016, 10:33 AM
#187
Originally Posted by Tomtom
If panic sets in about Asia and the Australian business starts to trade at an irrational discount I still think some will be tempted. The core business is still performing and it seems to me that the "super-regional" business could eventually be shirked which would streamline the business towards investor returns. Perhaps a little wishful and/or premature in my part however.
Given the companies performance over the last decade the remuneration issues also appears poignant.
Core business seems just fine...
http://m.nzherald.co.nz/business/new...ref=NZH_FBpage
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16-01-2016, 08:11 PM
#188
Member
Only if writing scripts to sequels becomes a core business activity...
Anyway if it where as well run as the other 3 it would trade at a similar premium.
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17-01-2016, 07:39 PM
#189
Banned
My broker is raving about the dividends from the Australian banks, as well as their relative cheapness. I picked up some ANZ the other day, though I felt it better to do it on our own NZX rather than buying in Australian dollars. I suppose though that the NZX price will ultimately take into account any swings in currency?
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17-01-2016, 08:08 PM
#190
Originally Posted by Yeshiva
My broker is raving about the dividends from the Australian banks, as well as their relative cheapness. I picked up some ANZ the other day, though I felt it better to do it on our own NZX rather than buying in Australian dollars. I suppose though that the NZX price will ultimately take into account any swings in currency?
Yes, indeed!
Any "discrepancies"- currency adjusted - are quickly arbitraged away by traders. There is an argument that buying/selling Aust stocks on the ASX is preferable due to the greater depth of that market but I doubt that's an issue for us retail investors for a widely traded stock such as ANZ.
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