Callun
17 Mar 2016
Re: pre-dividend dealing Well done valuemanbuyer. 500% is impressive. I guess that you bought in pre 2010. DNLM has performed well in that time period with no significant falls. However, purchases since 2013 would have seen capital gains far short of that figure since the SP is flat within a range, and DNLM has returned better value (for me) by trading, or nibbling as you say, yielding around 50% last year. My main priority is capital preservation, and I have resolved to take the bird in hand when it's there for the taking.I guess our trading style depends on each individual, where we are in our life cycle and hence tolerance to risk. I'm trying to reduce risk levels by cashing in when shares seem overbought, or near all time highs.Good luck with your trading.Callun
valuemanbuyer
17 Mar 2016
Re: pre-dividend dealing I've found that you are often out at the wrong time and cannot trade in any size. It's ok if you're nibbling but in the long term unlikely to make the big returns . I'm up 500% on a reasonable holding and would have made much more if I hadn't traded along the way. I guess its a set of disciplines you need to do it successfully. But well done
jaymac3
16 Mar 2016
Re: Please excuse error in my last. Wangbaudan, I have not been seeing theBulletin Board over the past few days so I didn't have the chance to thank you for your helpful advice but sadly, nowadays the Revenue is not so interested in me as I have reached the stage of passing on some investments to my daughter now that I am an octogenarian! Just I hope I last another 7 years so she won't be taxed on those. However I am very pleased with my two favourite stocks which have been very good to me. DNLM is the obvious one but I also expect CNE to return soon to the glorious days of Rajasthan etc and it looks like that may happen in 12 months or soon after.Rgds, jaymac3
rumrunner
16 Mar 2016
Re: pre-dividend dealing Trading costs were less than £35 - not even 10% of what I've currently made. I fully accept though a profit is not a profit until it's banked. Tempted by today's high but will hold on for a few day/ weeks longer. Should surely be touching £10 sooner rather than later.
Callun
16 Mar 2016
Re: pre-dividend dealing Well done rumrunner. Always nice when a plan comes together. I did much the same as yourself, though did not achieve quite such a good sale price.I have been trading the DNLM highs and lows for a year now with reasonable returns, certainly significantly better than buy and hold would have achieved. DNLM seems to have been particularly amenable to this.Having bought back, the next question is when to sell. I usually set up a limit order based on a sensible profit / time basis. I just checked and found my recently purchased shares are sold, so now I will set up a limit buy order. Of course, if the SP takes off I will be left without a holding for a while, but eventually I would expect a pattern to emerge that will allow me to repeat the process.Good luck with your trading.Callun
wangbaudan
16 Mar 2016
Re: pre-dividend dealing I used to do this too, used to call it "divi-dodging". Found out that, like Warren Buffet, I wasn't clever enough to second-guess the market . Got it right some of the time, but when considering costs and spread it didn't work out well for me. I also found myself crest-fallen when a share took off after I sold and would have to go in higher than I had sold - or let it get away.You also have to consider the div you had lost and what you would have done with it!
IOMINVESTCOM
16 Mar 2016
Re: pre-dividend dealing Hi Rumrunner,Thanks for sharing info & well done on that trade.Agree with your thinking about able to be a long term holder but if you are following & holding that share while not trade it as well - Win, win situation.Since the turn of the year I have tried to follow that thinking. Gone has the "Buy & Hold" and better to trade the highs & dips. I am continuing to hold the ones that have re-enforced that trading is good and look to trade this volatility with a trading position.Does not always work but heres hoping.ATB
rumrunner
16 Mar 2016
pre-dividend dealing Please don't take this as a boast, but as advised previously I sold before the ex-dividend date as I expected the price to fall further than the dividend(s) payout. It didn't so I got that wrong. However I sold at an average of £10.08 and bought back last week at £9.08 so I consider that as a good piece of trading.They are now around £9.50.I have held shares in Dunelm for years and was frustrated by the ups and downs so finally decided to trade the share. Now I wish I had done it earlier. You can still trade and be a long term holder.
wangbaudan
05 Mar 2016
Re: Please excuse error in my last. Jaymac3,If tax is in issue for you, then, ISAs apart, have a look at REITs. I hold shares in Segro, Hansteen and Tritax BBOX, where part, or sometimes all of the div is paid as a "PID" (property income dividend) and the tax is returned to you.Best wishes
jaymac3
04 Mar 2016
Re: Please excuse error in my last. Thanks for these responses but I have just been advised that the loophole which allowed the previous "special" payments could be classed as return of capital by HMRC but on 10th of Feb this year that was no longer allowed and therefore, as you say, all dividends are now taxable whatever they are called and you pay the usual amount according to your circumstances.My holding is jointly held with my wife who doesn't pay tax so that helps.I just wish my proxy holder had advised me of this change before I posted!,
megaloss
04 Mar 2016
Re: Current price For me it's a coin toss whether to sell or hold. As I can't think of anywhere better to stash the cash at present I'll probably hold. If growth and new openings slow there are sure to be more special divis in the future as this company generates a lot of cash, so the yield should be OK anyway...
Callun
04 Mar 2016
Re: Please excuse error in my last. Both capital gains and dividend income are subject to tax. How much an individual pays is, of course, dependent on one's individual circumstances and tax allowances.You only pay tax on dividends if you are a higher or additional rate taxpayer.Capital gains is taxed separately, and anything below the allowance threshold of £1100 (2014/2015) is tax free.As wangbaudan has stated, all gains within an ISA wrapper are tax free.
wangbaudan
04 Mar 2016
Re: Please excuse error in my last. Surely the special div is a div like any other and you pay income tax as you would on any other - unless you hold it in an ISA.
jaymac3
04 Mar 2016
Please excuse error in my last. Sorry but I omitted the important word NOT from the mention of income tax payable on this special div. Apologies
jaymac3
04 Mar 2016
Re: Current price Excuse me Rumrunner but if one has elected to take this extra div as capital returned, surely this is not subject to income tax as an ordinary dividend which was the case previously. Therefore I elected not to sell at the top even though I realised the SP would fall by a similar amount. In the expectation the price would recover on future results I have in effect taken some tax free profit - or am I missing something here?
