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OOO - Betashares Crude Oil Index ETF - Currency Hedged (Synthetic)

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So, the 3rd dividend / distribution payment for 2020 July thru December profits, is $0.38372305 (estimated) which makes the total of the 3 payments in the approximate vicinity of $1.13

This period (July to Dec 2020) saw the poo rise around 20% from $40 to $50 per barrel (WTI)

Current period of Jan to Jun 2021 has seen poo rise from $50 to over $70 per barrel... let's call it $70 neat.
This represents a (over) 40% increase in poo.

The 20% rise saw a ~$1.13 in profit distributions.
Is it fair to say that a 40%+ rise may see a distribution in the order of 2x $1.13 ? or a total of $2.16...???

Whilst I'm not sure if that's a great way to work out the potential profits distribution that may get paid in October (for Jan to June this year), I think it's probably a reasonable way...

If you hang on long enough @Gunnerguy with distribution payments like this and the poo still set to rise before world equilibriums are once again reached, you may just see a substantial claw back of capital.

It's very much a wait and see molasses trickle trade, however it's not hard to keep tabs on the indicators, ie; poo, stockpiles, consumption, OPEC and Iran.
Oh, and pandemic recovery figures not forgetting how this scenario has evolved in the first place.

From what I see, this event has been the biggest single oil price shock the world has seen.
Whilst OPEC has their finger on the pulse more than ever before, I still don't see an oversupply situation occuring again any time soon, although that is based on the pandemic slowly ebbing away.

The scalpers will be out in force tomorrow morning, however, I will be holding until I see world equilibriums balance out which should be easily seen in the indicators.
If poo gets back to near ~$65 anytime soon from OPEC or Iran news, I am seeing that as a good buy the dip point.

My 2 cent musings...
 
Ur
frugal.rock said:
So, the 3rd dividend / distribution payment for 2020 July thru December profits, is $0.38372305 (estimated) which makes the total of the 3 payments in the approximate vicinity of $1.13

This period (July to Dec 2020) saw the poo rise around 20% from $40 to $50 per barrel (WTI)

Current period of Jan to Jun 2021 has seen poo rise from $50 to over $70 per barrel... let's call it $70 neat.
This represents a (over) 40% increase in poo.

The 20% rise saw a ~$1.13 in profit distributions.
Is it fair to say that a 40%+ rise may see a distribution in the order of 2x $1.13 ? or a total of $2.16...???

Whilst I'm not sure if that's a great way to work out the potential profits distribution that may get paid in October (for Jan to June this year), I think it's probably a reasonable way...

If you hang on long enough @Gunnerguy with distribution payments like this and the poo still set to rise before world equilibriums are once again reached, you may just see a substantial claw back of capital.

It's very much a wait and see molasses trickle trade, however it's not hard to keep tabs on the indicators, ie; poo, stockpiles, consumption, OPEC and Iran.
Oh, and pandemic recovery figures not forgetting how this scenario has evolved in the first place.

From what I see, this event has been the biggest single oil price shock the world has seen.
Whilst OPEC has their finger on the pulse more than ever before, I still don't see an oversupply situation occuring again any time soon, although that is based on the pandemic slowly ebbing away.

The scalpers will be out in force tomorrow morning, however, I will be holding until I see world equilibriums balance out which should be easily seen in the indicators.
If poo gets back to near ~$65 anytime soon from OPEC or Iran news, I am seeing that as a good buy the dip point.

My 2 cent musings...
Click to expand...
Yes good stuff.
Holding on to OOO.

Gunnerguy
 
frugal.rock said:
So, the 3rd dividend / distribution payment for 2020 July thru December profits, is $0.38372305 (estimated) which makes the total of the 3 payments in the approximate vicinity of $1.13

This period (July to Dec 2020) saw the poo rise around 20% from $40 to $50 per barrel (WTI)

Current period of Jan to Jun 2021 has seen poo rise from $50 to over $70 per barrel... let's call it $70 neat.
This represents a (over) 40% increase in poo.

The 20% rise saw a ~$1.13 in profit distributions.
Is it fair to say that a 40%+ rise may see a distribution in the order of 2x $1.13 ? or a total of $2.16...
Click to expand...
I seem to remember that September was the month I wanted in again to catch the hopefully large divvy/ distribution payment.
Am positioned now, so fingers crossed.
What could go wrong? ??
 
US Weekly Oil stockpiles and related data out late tonight at 12:30
Expecting to see that supply hasn't fully recovered from hurricane Ida damage.
Actual fuels will be interesting as refineries came back online after power outage delays.
Hoping oil price gets a wriggle on towards the EOM and fingers crossed for FY21 reporting (also end of month) distribution announcement.
Not sure what the r record highest divvy or distribution is on stocks or ETF's, but am expecting it to be an absolute cracker.
See previous posts here and in "Oil price analysis" thread if interested or more recommended to do your own research.

WTI futures chart, daily.

Screenshot_20210915-210453.png


OOO chart, daily.

Screenshot_20210915-211846.png
 
OOO annual report now available as of 6pm today.

As expected, profit reported for FY shows the second half profits more than doubling first half.

Basic calcs indicate a total distribution of around $2.40 per share. It would be great if someone else also did independent calcs and confirmed that figure....

OOO closed at $5.99 today.
If ~$2.40 per share is correct, that's a 40% distribution payment. ??
That must break a bunch of records, not just for ETF's, but stocks also.

Only on ASF.
 
frugal.rock said:
OOO annual report now available as of 6pm today.

As expected, profit reported for FY shows the second half profits more than doubling first half.

Basic calcs indicate a total distribution of around $2.40 per share. It would be great if someone else also did independent calcs and confirmed that figure....

OOO closed at $5.99 today.
If ~$2.40 per share is correct, that's a 40% distribution payment. ??
That must break a bunch of records, not just for ETF's, but stocks also.

Only on ASF.
Click to expand...
I had just bought a decent packet good news..was not even aware of planned release.thanks for your work.will look at release content asap
 
frugal.rock said:
Basic calcs indicate a total distribution of around $2.40 per share.
Click to expand...
Have checked and I appear to have used an incorrect figure of SOI.
New distribution calc around $2.26 or 37.7%
Anyway, the Estimated Distribution announcement should be out today, maybe after trading ends, otherwise Monday.
 
qldfrog said:
I had just bought a decent packet
Click to expand...
Your timing was good imo.
I also added to the holding yesterday morning.

Once the market gets over its negative smashing open, am expecting a bit of a flurry (although the market might want to see the distribution in writing)... the SP is slightly diverging from the POO, no volumes yet.
Still an early bird opportunity imo.

Good luck with it Mr Frog, although luck shouldn't be needed on this. ?

It's worth noting, Betashares may decide to spread the distribution over more than one payment, as they did mid year.
 
frugal.rock said:
Your timing was good imo.
I also added to the holding yesterday morning.

Once the market gets over its negative smashing open, am expecting a bit of a flurry (although the market might want to see the distribution in writing)... the SP is slightly diverging from the POO, no volumes yet.
Still an early bird opportunity imo.

Good luck with it Mr Frog, although luck shouldn't be needed on this. ?

It's worth noting, Betashares may decide to spread the distribution over more than one payment, as they did mid year.
Click to expand...
6.23 or +2.5% today...good
 
@frugal.rock Betashares has already released the distribution announcements for the period ending 30 Sept 2021. See the link to A200 for further information.

Australia 200 ETF

The world's lowest cost Australian shares ETF. Invest in A200 through Betashares Direct with zero brokerage. Other costs may apply.
www.betashares.com.au www.betashares.com.au

OOO is not mentioned in the announcements so unless it is an omission, I presume there is no distribution. I have emailed them regarding this.
 
frugal.rock said:
OOO annual report now available as of 6pm today.

As expected, profit reported for FY shows the second half profits more than doubling first half.

Basic calcs indicate a total distribution of around $2.40 per share. It would be great if someone else also did independent calcs and confirmed that figure....

OOO closed at $5.99 today.
If ~$2.40 per share is correct, that's a 40% distribution payment. ??
That must break a bunch of records, not just for ETF's, but stocks also.

Only on ASF.
Click to expand...
Nah betashares do this kind of thing. I got stung when about 40% of LNAS was paid out at tax time when they even had a divvy reinvestment option.

I've made a habit of checking now.
 
I note there was a change of custodian and administrator of this fund around 20th Sept, together with another 25? or so funds.

Any expectations of timing of announcements has been speculation from previous year announcement timings.

I believe there are other beta funds that haven't yet made distribution announcements either, where one would expect a distribution.

For OOO ETF, with 2nd half FY21 profits being over double 1st half, one could be fairly confident that there will be a distribution announcement, timing of it is a different story.
 
frugal.rock said:
I note there was a change of custodian and administrator of this fund around 20th Sept, together with another 25? or so funds.

Any expectations of timing of announcements has been speculation from previous year announcement timings.

I believe there are other beta funds that haven't yet made distribution announcements either, where one would expect a distribution.

For OOO ETF, with 2nd half FY21 profits being over double 1st half, one could be fairly confident that there will be a distribution announcement, timing of it is a different story.
Click to expand...
Unless profits snatched by new owners?
 
An ETF is, essentially, a trust. So, the distribution you receive as cash can, and often is, quite different from the distribution that is taxable in the unitholder's hands. It is the same for all most trusts, whether they be ETFs, listed property trusts, the trust portion of or the private trusts that many here would use to hold their shareholdings.

For OOO, the year profit recorded in the financial statements ($139.329m) will be taxable in the hands of ETF unit holders, adjusted for things such as prior year losses and other non taxable income or expense. The distribution payable figure on the Balance Sheet ($15.348m) is the distribution with the ex date in early June. The Distributions to Unitholders figure of $46.86m is the total distributions made during the 2021 financial year, including the June 2021 distribution which as at 30 June 2021 was unpaid.

I stand to be corrected on the above, but this is my understanding of how the trust system works. Hope this clarifies things a bit.

KH
 
KevinBB said:
An ETF is, essentially, a trust. So, the distribution you receive as cash can, and often is, quite different from the distribution that is taxable in the unitholder's hands. It is the same for all most trusts, whether they be ETFs, listed property trusts, the trust portion of or the private trusts that many here would use to hold their shareholdings.

For OOO, the year profit recorded in the financial statements ($139.329m) will be taxable in the hands of ETF unit holders, adjusted for things such as prior year losses and other non taxable income or expense. The distribution payable figure on the Balance Sheet ($15.348m) is the distribution with the ex date in early June. The Distributions to Unitholders figure of $46.86m is the total distributions made during the 2021 financial year, including the June 2021 distribution which as at 30 June 2021 was unpaid.

I stand to be corrected on the above, but this is my understanding of how the trust system works. Hope this clarifies things a bit.

KH
Click to expand...
Nah you're right. It wasn't a divvy per se, it was a return of shareholder equity or something like that (I can't remember the specifics).
 

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