Realist
Billie Jean is not my lover
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Zinc was down a teeny weeny bit last night, ZFX goes ex Div on Monday though, and the ASX should soar so ZFX should still be up nicely.
ZFX - Zinifex Limited
- Thread starter chicken
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hey realist
when will they be posting the dividend cheques?
as I have never received a dividend before, I have never supplied the share registry with my tax file number. does that mean that they will withhold tax which I will then have to claim later at the end of the financial year?
as I only bought the shares a few days ago, they would not have had time to mail all the necessary paperwork out. should I give them a call? and if so would u be able to provide me with the contact details ?
cheers, thanks for your help
when will they be posting the dividend cheques?
as I have never received a dividend before, I have never supplied the share registry with my tax file number. does that mean that they will withhold tax which I will then have to claim later at the end of the financial year?
as I only bought the shares a few days ago, they would not have had time to mail all the necessary paperwork out. should I give them a call? and if so would u be able to provide me with the contact details ?
cheers, thanks for your help
3 veiws of a secret
3 veiws of a secret
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imajica said:
ZFX Zinifex 16 Oct, 06 10 Nov, 06 $0.70 100.00%
If your on ZFX register by monday coming you'll get the 70 cents sent too you 10 nov 2006.I think!
3 veiws of a secret said:ZFX Zinifex 16 Oct, 06 10 Nov, 06 $0.70 100.00%
If your on ZFX register by monday coming you'll get the 70 cents sent too you 10 nov 2006.I think!
Hmmmm im not sure; doesnt ev-div 16/10 mean that on 16/10 ZFX will already be trading ex-dividend. ie. it will be trading at roughly 70c less, which meant u would have had to have bought in today to get the divvy??
Im **confused**
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imajicaimajica said:
Sit back and relax.
All the paperwork will be done by the share registry and sent to you .
So long as you were the shareholder on 20 October (that is, you don't now sell the stock) you are entitled to and will receive the dividend.
If you have any concerns in the interim you can get answers and contact details from the company website:
http://www.zinifex.com.au/
thanks for the prompt reply appreciate it.
no problem with holding onto ZFX - with zinc prices steadily rising and world stockpiles shrinking - the only way is up.
might have a few down days next week - will soon regain lost ground and power towards $15 by Xmas
appreciate it.no problem with holding onto ZFX - with zinc prices steadily rising and world stockpiles shrinking - the only way is up.
might have a few down days next week - will soon regain lost ground and power towards $15 by Xmas
imajica said:thanks for the prompt reply
no problem with holding onto ZFX - with zinc prices steadily rising and world stockpiles shrinking - the only way is up.
might have a few down days next week - will soon regain lost ground and power towards $15 by Xmas
LOL are u joking?
More like $15 by the end of October
3 veiws of a secret
3 veiws of a secret
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Thank you rederob your more patient then myself. I hooked into ZFX as I was trying to snatch 1800 shares @ $12.98 before close of play ,it's a neat divi.
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If you own shares in ZFX at the close of trading monday the dividend is yours. To also gain the franking credit, you will need to keep the stock 45 days at least.
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bowserbowser said:
If the week's action was anything to go by, ZFX has a way to go on Monday, and I doubt too many will sell immediately to take profits.
The share price has been rock solid over the months (since June low of $8.01) and with inventories falling, this and other zinc equities should have a bright future in coming months.
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I agree Red. Hopefully LME trading on monday night will see zinc prices pushed higher. Might be enough to limit the downside for ZFX going ex-dividend.
Either way I dont think I'm alone in holding this one for a while yet. The .70c divy is a nice little extra
Either way I dont think I'm alone in holding this one for a while yet. The .70c divy is a nice little extra
As Monday is ex-dividend date, today was the last chance to buy stock and still receive the divvy. See here for a better explanation of how it works:
http://www.sec.gov/answers/dividen.htm
A great week for those holding ZFX, with plenty more upside to come!
http://www.sec.gov/answers/dividen.htm
A great week for those holding ZFX, with plenty more upside to come!
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Can anyone tell me how franking credits work, and if there's any difference in that with CFD's to actualy owning them.
Bought 1500 ZFX CFD last wednesday.....love that inventories graph imajica...where do you get them?
Bought 1500 ZFX CFD last wednesday.....love that inventories graph imajica...where do you get them?
michael_selway
Coal & Phosphate, thats it!
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pacer said:
omg u still dont know by now?
http://www.kitcometals.com/
http://www.basemetals.com/stocks.aspx
thx
MS
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Thanks for the Kitcometals site.
Never needed to know how Franking Credits worked before, and realy still don't, as I leave most of that to the old accountant, and have only picked up one dividend before. But I would like to know anyway Mike, and being cheeky without passing on the info, is a bit rude.....some of us are relatively new to this game remember.....just like you were once.....I'm sure someone helped you to get started......if it wasn't your intention to be rude then I'm sorry for the misunderstanding........Maybe I should go to the library and book out "Sharetrading For Dummies".....lol
Never needed to know how Franking Credits worked before, and realy still don't, as I leave most of that to the old accountant, and have only picked up one dividend before. But I would like to know anyway Mike, and being cheeky without passing on the info, is a bit rude.....some of us are relatively new to this game remember.....just like you were once.....I'm sure someone helped you to get started......if it wasn't your intention to be rude then I'm sorry for the misunderstanding........Maybe I should go to the library and book out "Sharetrading For Dummies".....lol
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pacer said:
Hi PAcer, I don't think you need to worry too much about those franking credits
.............. Hope you're still holding those MBL .......... Cheers, Barney.
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pacer said:
With CFD's pacer franking credits dont count. It's because with CFD's you never actually own the shares, just an agreement to be credited (or debited)the difference in price by your provider. I could be in-correct but as far as I know they only count with shares and warrants.
You are credited the dividend amount immediately after it's ex-dividend date with CFD's, rather than having to wait until the payment date as is the norm with shares.
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Awesome, thank's Bowser.....yes I am still holding and will be interested to see how long it takes to recover on tuesday (EX DIV), not long at all is my guess, they usualy do when in this position....a couple of days would be nice.
