Pernod Ricard OTC Board (PDRDF)

[NetAdmin2436]

I'm going to steer clear of this as a future investment as well. Considering all the people that are smarter than me are saying NO to this, I too will say no.

[31twu]

Good Lord ,what a Tax Circus..Sounds as bad as Bernie Sanders & Elizabeth W. taxation on the biggest 1% on Wall Street garbage .

Thanks for the info & have a good day

[someconcerns]

Clearly, I am not going to invest there.

[someconcerns]

You can still buy whatever booze you wish. PLMK what you find as an investment.

[FUNMAN]

Just confirmed with Morgan Stanley; can't buy Pernod Ricard. It's foreign traded.

I have to wave goodbye to my baby.

[FUNMAN]

French dividend taxes for Dummies like me.

There are many links showing how they get their fingers into a wallet. This one seemed straightforward.

https://invest.bnpparibas.com/en/taxation-dividends

It strikes me it doesn't end here with the following. There will be capital gains taxes, probably paid there and here. I wish I could justify buying it. Perhaps another financial advisor can help me. The one I am thinking of is still out of work because of Dorian:

Taxation of dividends
(The indications below apply to dividends paid since 2018 (tax return filed in 2019 and tax due in 2019)1

Dividends paid to individuals French resident

Dividends received by French resident taxpayers are subject to a flat tax at the rate of 12.8%, plus the additional social security levy at the rate of 17.2%, i.e an overall taxation of 30%. The tax payable is the same regardless of whether the shareholder chooses to be paid in cash or in shares (where the Bank offers this option).

However, tax payers may opt for taxation at the progressive scale for income tax. This option is global and concerns all the taxpayer's income from investment income. It is exercised when the tax return is filed.

In both cases, taxation is levied in two stages:

At the time of payment: a 12.8% advance income tax payment

When dividends are paid, an advance payment for income tax of 12.8% is deducted at source by the paying agent calculated on the gross amount of the dividends, as well as the additional social security levy at the rate of 17.2%. These deductions are mandatory.

The 12.8% deduction is not applicable if shares are held within an equity savings plan (PEE, PEA, PEA-PME).

Taxpayers whose taxable income is less than EUR 50,000 (in the case of single, divorced or widowed taxpayers) or EUR 75,000 (in the case of taxpayers taxed jointly as a household) may request an exemption from the 12.8% deduction.

An exemption request must be submitted, under the taxpayer's responsibility, no later than 30 November in the year preceding that of the dividend payment.

The year following the payment of dividends: final taxation

Flat tax
The 12.8% initial deduction levied at the time of dividend payment becomes a definitive tax.

Option for the taxation at the progressive scale of income tax
A 40% allowance on the gross dividend is then applicable. The 12.8% deduction operated by the paying agent is chargeable against the tax due on this basis. Any excess is returned.

Dividends paid to non French residents

Dividends paid to individuals who do not reside in France are subject to a withholding tax at the 12.8% upper rate.

However, regardless of the beneficiary's place of residence, a 75% withholding tax is levied if dividends are paid in a non-cooperative state or territory.2


(1) Unlike salaries and wages, this income is not subject to withholding tax at source, which came into force on 1 January 2019


(2) 2018 list of NCST: (this list is updated on a yearly basis): Botswana, Brunei, Guatemala, Marshall Islands, Nauru, Niue and Panama.

[31twu]

I can remember a few years ago Trading (Foreign) owned Gold Mining stocks

The (F) Taxation rate sometimes could be as High 4% to 8% on top of our long/short term Capital gains ..

Who knows? what the rates could end up being , with these Euro countries socialized heath care issues.

[someconcerns]

Yes, I recall that Elliot Management - supposedly working as an "activist investor" - had insisted they do a buyback. Guess the slope in the chart for the last year reflects their cracking the whip. They may also tender their shares in the offer. All just IMO.

[FUNMAN]

Pernod Plans Buyback After Fastest Growth in Seven Years
By Thomas Buckley
August 29, 2019, 1:30 AM EDT Updated on August 29, 2019, 5:16 AM EDT


https://www.bloomberg.com/news/articles/2019-08-29/pernod-plans-buyback-after-fastest-profit-growth-in-seven-years?fbclid=IwAR1oGXCabjqYv3sPOPdomooAJe-rcWsvpaspn7jaTEMw8IMIVa7u0DR47uY

[someconcerns]

Understand completely (your position, not the French taxation).

[FUNMAN]

It's up 71¢ today.

It appears that the Y is more like an actual tracking stock.

The uncertainty about believing that I understand the tax implications and dividend payouts is reason enough for me to put my hands in the air and say "if I don't understand it, I shouldn't invest in it".

I listened for 15 minutes to a TD representative read to me the answers. I didn't believe he understood what he was reading either.

Bottom line, I am not paying an accountant to figure it out for me.

I may regret passing on it but say la vie.

I will miss the ROX board. It was FUN.

[someconcerns]

So, you're saying the one issued by the bank is analogous to buying paper gold, where the issuer of the paper SAYS it has sufficient gold to back up all the paper, but no one actually knows if that is true. PLUS, there are some ridiculous extra tax twists due to it being a French company.

Knowing how two different brokers treat a British stock we hold (in two accounts) entirely differently, I agree the tax issues might open a Pandora's box of complications. Still, look at the chart....

[FUNMAN]

Pernod Ricard - PDRDY - The ADR not sponsored by a bank, and not associated with the company.

Though this tracks directly with PDRDF, as you said per overlaying the charts, the Y is not an investment in the company and can only be traded on the Pink Sheets.

Investing in the F comes with French tax implications which after a conversation with a TD Ameritrade representative left me unable to explain this to anyone else, without further consultation with an accountant.

Therefore will not invest in the Y or F now.

Too bad.

[31twu]

A little off Topic today ,Thought I would Share with you Guys two purchases of Bourbon came across early this afternoon.

1)Found Bob Dylan Heavens Door limited Edition 10yr Bourbon Box Set with song lyrics inside. Only one found in East tn 40 mile sqr: area
Very Lucky I remember last years Heavens door Bourbon Tasting .

2)Friend of mine at one store location just purchased single barrel select from KNOB CREEK /Select 15 YEAR Bourbon Knob Creek .Got (1) Btl:@ $48.00

Have a great weekend Guys

[31twu]

Volume Very Lite ,Lack of interest showing

[31twu]

Not at this Point and time ..Still some Muddy Waters with sharp objects that could Cut deep if not emerged to surface..Playing it safe & watching

[NetAdmin2436]

Are you ROX'ers going to invest in PDRDF now?

I think I am going to start a small position and add on pullbacks. Very bullish chart! I probably won't go nearly as big of a position as I did with ROX, but I got 10 or 20k to throw at it.

I agree with everyone, Pernod got ROX at a pretty bargain price. I still like all the ROX products that I have tried and I have no intention to stop drinking my Goslings Rum and other former ROX products.

Funman, you gonna be a moderator here? You got my vote!

[31twu]

Glad to here you had a green day .

[someconcerns]

That is something which should be explored by a competent attorney. Not sure how "up to the task" either of the firms exploring suits are.

[FUNMAN]

You had a good question earlier. Did insiders get Pernod shares?

[someconcerns]

I think that was the same conclusion most of us longtimers reached. Very disappointing management sold us out.

[FUNMAN]

There is no doubt in my mind, ROX sold out when they were on the cusp of turning the corner, and PDRDY got a great deal.

[someconcerns]

PDRDY is the ADR and just a fraction of the PDRDF price. I think the charts are virtually identical if you overlap them using your brokers chart tools.

Wish ROX had had the same upward slope as Pernod the last year.

[FUNMAN]

Which is which ... PDRDF ... PDRDY

[Monty_B]

So it's follow the bourbon is it? :)

I sold ROX today with almost 30% gain. I added much on the way down, and funny that the buyout price was very near my initial average. My family and friends in all either broke near even or gained up to 50% so it was a bittersweet happy ending.

[someconcerns]

The ROX brands are but a small piece of the pie here Perhaps higher growth - at least for Jeffersons extensions - but still the tail of the dog.

[someconcerns]

Hi Guys.

[31twu]

So are you thinking of becoming a Moderator for this board .

You would make a Good One with your experience with ROX,

Should get interesting next couple months .

Jefferson Bourbon brands & Oceans Voyages quality Products that this company (PDRDF) should have respect for Treys Boots on the ground people & Ships at Sea voyage crews that really done the hard work along the way.

Go! Jefferson

[FUNMAN]

Short Interest
Exchange...NBB
Record Date...2019-AugB

Short % Increase / Decrease...-3 %
Short Interest (Shares Short)...37,500
Short Interest (Shares Short) - Prior...38,600


Market Cap. /// $ 48,854,800,000
Shares Outstanding...1.3B

[FUNMAN]

We meet again

Great minds think alike.

[31twu]

Watch for the MASSIVE SHORT SELLING SOON ,Maybe many Reverse splits along the way down too .OTC PINK Non-reporting company

[AnonymousUser]

Thinking of taking a position. Wonder what Havana club will do for revenues.

[BCInvestor]

OTC / PK / ADR...

[BCInvestor]

Anybody own this stuff?

[BCInvestor]

Welcome to the Pernod Ricard OTC Board!