hello people of followers of wealthness ,just a quick question on a buy i made june 20th this year. astrazeneca , i think i messed up on this oneā¦ bought at high price of 9876.00 is this non recoverable ?? im down in red on this a fair way. should i cut loss now and wait for a better buy in level. or hold ? from the 3 year graph i can see covid has caused a large interest , and can only see from here on in i think it may continue to drop down ā¦ back to pattern of jan/ feb
The question really is do you see this as a Ā£100 company?
Over the lifetime of the company so far, it is generally trending upwards even before covid-19 hit, but what is the value of the company to you? Is it worth the Ā£98 or more or less.
That sounds more like advice one might give someone on how to decide whether or not to buy an expensive pair of Nike running shoes.
I find interesting that Jim Cramer reports on AZN being ranked by analysts as #1 amongst a list of companies working on Covid-19 vaccines
āwe surveyed 92 drug analysts and public health officials at the state and local level to handicap the chances of each of the main players.ā āBut even though we canāt really speed this up, I like AZN stock here, down nine from its recent highs with a 3.4% yield and an excellent anti-cancer franchise.ā
AZN is available on Trading 212 both as LSE listing and also as NYSE ADR. Is there any reason not to prefer to buy the ADR, seeing as it comes without 0.5% stamp duty cost? I know that ADR dividends do not incur US withholding tax.
Sure, canāt deny that. Essentially any long term investor is doing just that. Buying a part of a business and so deciding āis it worth this priceā can be quite subjective, just like buying those expensive Nikeās.
To my mind AZN is one of the best in terms of importance to the population & does generally well on the LSE , and will be for a very long time. on looking a prev charts it showing much lower level of interest , perhaps Moderna would be the competition here. i bought the trade in my infancy first wk of trading but somehow it slipped the net as it has fell since then. if the price goes back to or above then great , there is always the dividend side , to perhaps stay in the gameā¦ Thank you for your response Matt.
Good point Richard , yes i did see the ADN ticker come up with AZN sounds like a plan no stamp duty or tax, excellent. i think i may ditch the uk one for the us version? would that be correct? thank you for your pointer.
ADR is in $ so can have FX fluctuations to the Ā£. If itās a sponsored ADR (Iād imagine it is) then it will comply with SEC regulations. I havenāt looked at the azn ADR so donāt know if itās level 2 or 3.
No real reason other than FX to pick one or the other, especially if itās a level 3 sponsored ADR.
looks like my buy came where it broke resistance line 20/7 but i have used a 5/20 average this showing a possible buy coming upā¦ 4 reds down 2 blue ā¦mmmmm??? so if it goes up i can sell to reduce losses then re buy at a lower point in future. then hold it.
The dividend yields are essentially the same I think. These are level 2 ADRs. The same UK tax will be due if you pay tax. There is no US withholding tax as with US companies (as I have observed with the UL ADRs I own, for Unilever ULVR).
I sort of wonder about AZN. I feel like it gets a lot of hype with its connections to Oxford. I happen to work there (not on anything remotely COVID related) and there are a lot of people who think that anything going on at Oxford is automatically amazing, because Oxford. And since AZN is tied to Oxford, AZN must be amazing by extension. This is especially true of commentators in the US, in my experience.
Iām not saying that the case for AZN as the leader in this race isnāt there to be made. But a lot of it seems to me to amount to āwell, Oxford innitā which isnāt a very good argument (or indeed an argument at all).
āExchange rates used to convert dividend payments, announced in USD, GBP and SEK are based on the rates on the day prior to the dividend announcementā
Credit where itās due, he did have a good one earlier:
āThe Robinhood gang loves GEāand they report Wednesday. Will they be satisfied with these numbers? (Do they understand the numbers?) [ā¦] Donāt worry about it, theyāll just rotate into Ford or somethingā¦ā
I find Cramer entertaining. As he says, āI am here to entertain, educate and save you moneyā. He knows himself what the priority order of his offering. He gets top CEOs and politicians on his show and they are interesting to hear from.
Correct correct, I just meant in general if it was a company in a country that did, the US investors have to claim it back or they get double taxed. Someone in the country that the ADR is for would just be taxed at their regular rate.
