Bit more details out on the reasons.
China uses 5-6 million dollars.
The yank companies are spending billions.
The cheaper version being just as good.
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Is Wall Street futures, techs in particular looking at another poor session tonight?
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I don’t follow the market that closely but I don’t think so.
Could be a signal for the future though. The American market is really overpriced and a lot of that would have to be on the hype of AI(along with NvIdias profitability)
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Crypto I’ve never really liked but into it in a big way.
I am holding SLN ( smart layer network )
Bought in recently, which only started up in Feb 2024, down 97% since opening …hope it reverses be great move.
suncorp paying fully franked dividend $3 plus fully franked normal dividend of 0.41 and special dividend of 0.22 closing date tomorrow at four.
Considering they are $19.75 this is a good deal as they are a strong blue chip
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The $3 is a return of capital rather than a dividend. It will mean that you have to pay more capital gains tax if and when you sell, assuming you make a profit.
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fully franked if you are in a self managed super fund but your right it’s capital returned if you are an investor off the streets you will note it as an income
Capital returns are treated the same either way. Comes off the cost, so delayed CGT or immediate if cost goes below zero.
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only the 22 cents is fully franked. no franking credits attached to the return of capital.
so 9 cents of franking credits per share.
edit, also a consolidation, so number of shares owned drops 15%
the 41 c dividend is fully franked so is the special 22 c dividend
.I was going by the paper saying the $3 was also fully franked.
Are you saying the holdings are being reduced?
just reading through Suncorp results… doesn’t mention the $3 being franked and mentions share consolidation although i’m not sure what that means .The other dividends are fully franked
The banks will have falling yields as we go into an interest rate cycle to lower rates.(they make more money when rates go up).
Right now equity wise I’m looking at Minerals/Mining.
My thinking is there’s a lot of uncertainty due to Trumps tariffs which should depress prices and create buying opportunities for a longer term hold.
The right tech stocks too. But there’s been a bit of a counter cyclical movement with them due to AI hype. Hard to pick them - feels more like a lottery.(normally tech goes better when money becomes cheap as it encourages businesses to invest)
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Are Suncorp still heavily exposed to insurance in Queensland? There was talk of either them or BOQ being bought out I thought.
There is no franking associated with a capital return. On the plus side, you don’t pay tax on it either, not until you sell anyway.
And yes, there is a share consolidation too so the number of shares you hold will be reduced. They are probably trying to maintain the share price at what it was before the capital return as it would have fallen by the amount of the capital return plus the dividend otherwise.
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there’s been some press on the potential of silver following on the coat tail of gold
Still very Qld based but not sure on other interests looking at them
So I got farked over with investments with Trump Mk1, Ukraine invasion and COVID.
It feels inevitable that the stock market is going to have some kind of correction (at best).
I’d like to move some super into cash. What are some other things to read up on other than cash?
What will be your trigger to reverse that at some later stage?
(You said “some”… got a ball park figure?)
In this field I am as Wim says “not a doctor”. But Gold is usually considered a safe haven in troubling times.
So for this post, I just checked PMGOLD on ASX over the last year:
Wow. Looks like we should have got earlier to this party.
OTOH, chaos in the US itself and the follow-on effects it is causing around the world is not going to go away soon.
Also, reports say that Russia has sold tons of its stock to fund the war. Normally such a huge sale would drive down prices, but that graph shows not. At some stage post-Putin, they will need to replenish those reserves. So that demand should also drive up prices, or at least put a floor on them.
Interested to hear what more financially savvy people may think.