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Citigroup (C) 01 (May 08 - Nov 08)

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Re: Citigroup C

Postby blid2def » Tue Jul 22, 2008 5:52 pm

Chiron wrote:For singaporeans vested in C, with local brokerages holding the script, the dividend will be bank with the brokerage? taxable?

Thanxs
Not vested


IIRC, 30% tax at the US side. Locally, no tax as far as I know... The dividends yah, will be handled through your broker.
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Re: Citigroup C

Postby Chiron » Tue Jul 22, 2008 6:01 pm

grandrake wrote:
Chiron wrote:For singaporeans vested in C, with local brokerages holding the script, the dividend will be bank with the brokerage? taxable?

Thanxs
Not vested


IIRC, 30% tax at the US side. Locally, no tax as far as I know... The dividends yah, will be handled through your broker.


grandrake, thanxs a lot ;)
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Re: Citigroup C

Postby kennynah » Tue Jul 22, 2008 6:04 pm

chiron...maybe use Short Synthetic Futures position to hedge the possibly slide in C price because on dividend payout day...hahaha...
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Re: Citigroup C

Postby ishak » Tue Jul 22, 2008 7:03 pm

kennynah wrote:ishak,

so no change in dividend payout rate since they last reduced it late last year, right?


Yes, same as the first quarter, 0.32.
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Re: Citigroup C

Postby kennynah » Wed Jul 23, 2008 8:59 pm

C has 65bil in cash and liquidity as of 30Jun08, as reported by RTT news.
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Re: Citigroup C

Postby ishak » Thu Jul 24, 2008 1:03 am

XLF
22-Jul-08 ---- 331,263,300 - 22.49
21-Jul-08 ---- 211,429,500 - 20.75
18-Jul-08 ---- 257,365,500 - 20.67
17-Jul-08 ---- 527,695,900 - 20.26
16-Jul-08 ---- 363,930,500 - 19.42
15-Jul-08 ---- 469,133,900 - 17.17
14-Jul-08 ---- 236,570,700 - 17.72
11-Jul-08 ---- 311,708,900 - 18.68
10-Jul-08 ---- 233,358,300 - 19.22

C is now 21.04. Volume suggests financials going up at least for a few days.
Open new position in SKF @115.4 :lol:
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Re: Citigroup C

Postby kennynah » Thu Jul 24, 2008 1:36 am

ishak : good luck.... leh appears to be stuck at 20.93 ??? tried a few times, no success to go up....

c appears to be supported at 20.53...

all these are short term numbers...

do you have these as well?
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Re: Citigroup C

Postby ishak » Thu Jul 24, 2008 1:41 am

kennynah wrote:ishak : good luck.... leh appears to be stuck at 20.93 ??? tried a few times, no success to go up....

c appears to be supported at 20.53...

all these are short term numbers...

do you have these as well?


Dont have Leh, sold C already, waiting for it below 16 to really accumulate this time.
I am not a good chart reader but it seems many chart readers on the US websites got caught on the wrong side nowadays. So confirm this kind of market dont rely on charts too much. Watch out for catalysts and bet on the story.
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Re: Citigroup C

Postby kennynah » Thu Jul 24, 2008 1:42 am

good luck then !!!

16 for LEH ? i hope you get it
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Re: Citigroup C

Postby ishak » Thu Jul 24, 2008 1:45 am

kennynah wrote:good luck then !!!

16 for LEH ? i hope you get it


for C, if LEH also 16 then buy buy!
hee
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