LIC & LIT Argo Global Listed Infrastructure (ALI)

I use Ubank for personal holdings which is very good with transfer in / out speed. But the SMSF uses Macquarie CMA as it’s “hub” so everything has to pass through it. To get even with them I only keep about $100 in there most of the time. No interest on the first $5K anyway.

 

I get it or at least I think I do. Nabtrade requires funds in there before you buy? Definitely PITA if that's the case.

 

Yes.

 

I don’t know how long it takes to arrive in CommSec CDIA as all of our holdings are in drp except VTS and VEU, but those dividends are so small that I can’t tell when they arrive anyway.

 

And about to get even smaller?

Anyways I find it bizarre Commsec and the like insist on tying things to their products. To my mind it shouldn't matter which account the funds are in when a trade is done as long as those funds are available.

 

Interesting VTS is payable 27 April.
Distribution date CPU Ex-entitlement date Record date Payable date
- 61.3600 26 Mar 2020 27 Mar 2020 27 Apr 2020

But VEU is payable 22 April.
Distribution date CPU Ex-entitlement date Record date Payable date
— 11.7700 23 Mar 2020 24 Mar 2020 22 Apr 2020

 

They don't need to be - we just don't want dividends to be lost amongst all our other funds, so keeping them in that account means that they are used for future share purchases. Also, if we have dividends deposited into that account, we don't need to update the share register every time we invest in a new company (taking your advice and trying to minimise our work load ) as Commsec advise the share register automatically. That said, if we settle purchases (not dividends) through the CDIA account, then the brokerage is smaller - no interest is payable unless its a significant amount, but we keep pretty much less than $100 in there at all times so they aren't making money on us. Also with Commsec you can order without funds being in your acccount, as long as they are there on T+2

 

Sounds good.

My only suggestion, and you probably do this already, is if you do purchase a new shareholding, check the share registry anyway to ensure the correct details have been recorded. I have noticed on a couple of occasions the TFN wasn't there against a new holding - long time ago however.

Also you may need to self-certify for FACTS/CRS and the broker doesn't (not able to) do this on your behalf as far as I am aware.

 

Swung from a profit of $44.9m to a loss of $9.3m

Dividend of 4.5c ff (up from 4c ff pcp) payable 20 October.

DRP remains suspended for now.

 

However.....

SPP may be in the pipeline according to media statement.

 

Need guidance here.

I have ALI shares which are at 14% loss at the moment. I am happy to keep for next few years but is it worth hold these? I have no immediate reason to sell them.

And also is it good idea accumulate more shares as part of the SPP.

Thanks

 

While others may, I don't provide advice on what you should do. I'm not an FP.

You may, however, consider a couple of things:

1. Do nothing;
2. Sell and use the carried forward loss as some future point to offset capital gains elsewhere;
3. Participate in SPP to the extent you wish and sit;
4. Participate in the SPP and sell original or all or some of the holdings at some stage.

All off the top of my head and there are probably other aspects I haven't thought of.

 

Drat. Forgot to mention, you could look at the price at market a couple of days before the closing date of the SPP and decide to buy rather than participate in the SPP.

 

Couldn't be bothered faffing about so I scheduled a BPay. Using the SPP as a DRP proxy as it was suspended for this dividend.

 

So did you think the $2.07 is a good price? Currently at $2.10, not much of a discount to market.

 

Not a clue. Price is to be calculated on VWAP from today until close of applications. The bottom could fall out of it tomorrow and the day after in which case.....

Last I saw the max price was below NTA. We all lurve NTA stuff

However, I'm using it as a DRP substitution which has been suspended for the moment.

 

SPP price is $2.07, no scale back.

 

Thanks @qak.

 

Grump time.

Not only hasn't the share registry not provided on it's web site an electronic version of the allocation, the paper notification hasn't even got the allocation price on it. Slack as.