Re: Trading Statement hardly built in its almost halved from 24p
Trading Statement I would have expected 40% growth in EPS to perhaps have a greater impact on the SP today, but not so. Was the positive trading statement sentiment already built into the price? Or is the reaction mooted because half of the gain is down to exchange rate movements?Thoughts?
Re: dividend/ Interactive Investor have confirmed that the 15% deduction from the dividend payment is South African withholding tax.Casa.
Re: dividend/ Thanks, infra-penny, I think it may be a withholding tax but will check it out with iii. I, too, wasn't aware of this and the dividend rate published here does not reflect it either.Casa.
Re: dividend/ I called my broker Barclays, expecting to get a certain amount of divi, number of shares x 0.878p per share, but what was credited to my account was 15% less than the expected figure. They told me the divi was taxed, which was complete news to me.
Re: dividend/ infra-penny,I have only paid tax on shares paying in US dollars previously. I have now completed a W8BEN form which has taken care of that issue. You say the 15% deduction is tax. Can you let me know where to find details of this tax please? Casa.
Re: dividend/ Probably just me, but I had not noticed they deduct tax on this divi, before crediting the account. I had not noticed this before on PAF divis. I need to be more vigilant. Mine went into Barclays Stockbrokers overnight. Tax was about 15% of the gross divi.
Re: dividend/ Ex Div date 8 December 2016Payment date 22 December 2016
dividend/ does anyone know when we should receive dividend on these shares...? cut off date and payment date.Barclays site is all letters and no straight dates...Madoff j
Gold is in a bear market? Mr Trump has given a filip to the dollar so gold has lost its shine. Technically, gold is now in a bear market but for how long? The proposed reflation package by Mr Trump is likely to be inflationary. Any raising of tariff barriers is also inflationary. Gold does well in times of inflation.The underlying weakness of European banks, mass immigration, world debt, China's credit bubble and the rise in populist politicians is likely to give rise to bouts of investor nervousness in 2017. As we are just witnessing, a lorry has been driven into crowds of people in a German Christmas market in Berlin. The Russian ambassador to Turkey has been assasinated. Occurrences like these, are happening almost on a daily basis. The two mentioned here are not going to cause a major international crisis but there could easily be one that does. That's why I hold quality mining stocks such as PAF and FRES plus ETF's backed by physical gold and silver. They are good protection against black swan events.Casa.
Re: Bought PAF today The slide continues!And now and I can finally buy back in for the amount I sold for in June 2016.Tempted to hold on a bit longer and see if they get any nearer to 15p
Re: Never did get back to 24p Well, according to the billionaire Jim Mellon, gold may well be due for a rise...[link] and GLAseesawpat
Never did get back to 24p Looks like its stuck in a sideways consolidation pattern that will keep it locked down for monthsViews?
Re: Oh dear... But which bank could you trust to hold your cash in total safety ? Perhaps better sit tight and wait for precious metals to revert to the mean.
Re: Oh dear... The US election has adversely affected my portfolio much more than I expected. A Trump victory has weakened the dollar and boosted the DOW. This has, in turn, boosted commodity prices showing a "risk on" attitude by investors. Gold and silver have plummeted. I have a couple of investments that are US based but listed on the LSE that have done well over this period whereas my China and Vietnam funds have flopped. This is a result of Trump's protectionist rhetoric. I guess the risk on attitude stems from Trump's promise to invest heavily in infrastructure in order to increase economic activity. It will need to work. If it doesn't, there will be an even bigger debt pile and, no doubt, higher inflation with its obvious threat to nose bleed high priced bonds. Then there's Europe. An Italian referendum looms in December. If Renzi loses, he says he will resign. That would leave the way open for populists. They want Italy to leave the Eurozone. Perhaps it's just safer to hold cash rather than any investments. After all the currency debasement done by Central Banks and our own gbp falling in value by around 18%, it's a poor option. It is my belief that precious metals will return to favour sooner rather than later.Casa.