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GlaxoSmithKline plc Message Board

dmagman 5 posts  |  Last Activity: Jul 10, 2014 12:15 PM Member since: Apr 30, 2010
  • Reply to

    Ican takes big position

    by croleylaw Jul 9, 2014 5:19 PM
    dmagman dmagman Jul 10, 2014 12:15 PM Flag

    Sooooo, I guess the question is: What will Icahn do with his CHK and SSE positions? Hold both? Hold one/sell one (if so, which one)?

  • Reply to

    dividend

    by mrmood214 May 1, 2014 9:20 AM
    dmagman dmagman May 2, 2014 9:46 AM Flag

    True, but the x-dividend date is usually the last day of the previous month, and the 'declared date' a few weeks before that. Both of those have now passed, with no announcement.

  • Reply to

    dividend

    by mrmood214 May 1, 2014 9:20 AM
    dmagman dmagman May 1, 2014 12:21 PM Flag

    Good question. I just sent a note to Investor Relations to see if they can provide any information. Will keep you updated.

  • Reply to

    b shares

    by xcraig429 Apr 23, 2014 12:04 AM
    dmagman dmagman Apr 29, 2014 1:34 PM Flag

    I AM NOT an accountant, and have even less knowledge of UK tax laws, but I found an article that summarized B schemes. As best I can tell, it gives the shareholder (up to) 3 options as to how to take a distribution: an immediate ordinary income payment, an immediate capital gain distribution, or a deferred capital gain distribution (presumably to move income into a future tax year). I couldn't find any reference as to whether the capital gains would be short-term or long-term (certainly relevant in the US). Supposedly, all 3 result in the same amount of cash in the end (there is some adjustment, or extra payment, if you choose the deferred cap gain).

    Supposedly, Vodaphone used such a scheme when they sold off their interest in Verizon Wireless last year. I just posted on the Vodaphone board, to see if anyone can provide some details as to how it worked for them.

  • dmagman by dmagman Apr 29, 2014 1:28 PM Flag

    Can anyone here provide details as to how the B Share Scheme worked, when Vodaphone sold off their interest in Verizon Wireless? Especially, from a US shareholder perspective. GSK has recently announced that they will use such a scheme, in handling their selling of their oncology business to Novartis.

GSK
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