Stake Portfolio Transfer for BHP Shares

bobwokeup on 16/02/2022 - 19:59

I bought shares with BHP 10 years ago via Computershare and I keep getting dividend payments once or twice a year which is great.

I don’t plan on ever selling them but what is involved in transferring it over to Stake aside from the electronic form. Are there any risks involved and will I keep getting dividends? I tried asking support but I didn’t understand the lingo so I thought I’d post here to see if anyone can help.

Apparently I’ll get $0 brokerage fees for a year rather than $3 but not sure if that is on purchases or sales?

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Comments

  • skid on 16/02/2022 - 20:37

    Do you have a 10 or 11 digit SRN starting with the letter I? If so, you won't be able to transfer the BHP shares to Stake to get the $0 brokerage offer.

    • bobwokeup on 17/02/2022 - 00:39

      Yeah I do, so there’s basically no difference to having them in Computershare or Stake right?

      • skid on 17/02/2022 - 07:54

        No difference, but you won't be able to move them to Stake as the shares that you own are "Issuer Sponsored shares".

        • bobwokeup on 17/02/2022 - 11:26

          Oh they claimed if I submit the online form they’ll process it.

  • Benoffie on 16/02/2022 - 20:39
    +4

    Computershare is the administrator not the broker. Afaik, there's no need to move them away. And if you've no intention of selling, then I'd just leave them where they are.

    • bobwokeup on 17/02/2022 - 00:38

      Yeah true I wasn’t thinking about moving them but then thought it would be good to have them in Stake so I can see my shares in one place.

      • Hearthstone on 17/02/2022 - 11:53

        you still can, it move your shares to your Stake sponsor HIN, you may need to re-register with computershares
        with Links it a lot easier you just add a new HIN to your login and boom you dont have to go through the registration process

        https://hellostake.com/au/support/aus/articles/35000189045

        • bobwokeup on 17/02/2022 - 15:12

          Hearthstone Oh yeah that looks like a pain haha So when you said add a new HIN to my login what did you mean exactly?

          I can see my HIN on my Stake account so I'm guessing you mean at Comptershare?

  • Ghost47 on 17/02/2022 - 02:41

    Wow $2 a share, 8.29% yield? Not bad…. Maybe I should buy some BHP.

    • rektrading on 17/02/2022 - 07:55

      Have you seen the chart?

      +30% 10Y is barely keeping up with inflation.

      • Hearthstone on 17/02/2022 - 11:58

        looking at the shares price is not a true picture of its return
        many large business like BHP, WOW, WES

        over the year they spins off other business in a separate entity or pay out special dividend or capital return
        they can amount to multi times return that doesn't show up if you just track BHP shares price

        • rektrading on 17/02/2022 - 12:19
          -5

          I'm not interested in divs. Divs are for suckers.

          Growth and stonk splits are where the game is played.

          • Hearthstone on 17/02/2022 - 13:49

            @rektrading: I get it Crypto bro for the win only

            • rektrading on 17/02/2022 - 13:50

              @Hearthstone: I didn't mention anything about digital assets.

              I said Growth and stonk splits are where the game is played.

            • rektrading on 17/02/2022 - 13:54

              @Hearthstone: Suckers hodl BHP and "value" stonks for 10Y to collect divs and zero growth.

              They lost out of 10x times in tech growth and stonk splits.

              • bobwokeup on 17/02/2022 - 15:10

                @rektrading: Considering BHP doubled my shares and although I didn't keep a record back then, it would have cost me about $2-3k and now they are worth about $49k so I think that is good growth. Plus the dividends ranging from $500-$2000 per year.

                • rektrading on 17/02/2022 - 15:57

                  @bobwokeup:

                  Considering BHP doubled my shares and although I didn't keep a record back then, it would have cost me about $2-3k and now they are worth about $49k so I think that is good growth.

                  The math doesn't add up.

                  The price for 1 BHP 10Y ago on Feb 17 2012 was $35.20.
                  $3,000 / $35.20 = 85.23 BHP

                  The price for 1 BHP today on Feb 17 2022 is $48.12.
                  85.23 BHP * $48.12 = $4,101.26

                  The gross gains on 85.23 BHP hodl for 10Y if sold today is $1,101.26.

                  I suggest you keep better records of your portfolio if you don't want to get rekt by the tax office.

                  Source BHP 10Y chart. https://ibb.co/z8qzh5X

                  • bobwokeup on 17/02/2022 - 17:16

                    @rektrading: Yeah sorry somethings not right. I didn’t pay a hell of a lot of money for the shares I remember that much and pretty sure it was pre tax too. I definitely keep better records now.

    • bobwokeup on 17/02/2022 - 11:28

      I only did it as they doubled the shares after 2 years so was pretty stoked when they did. Then when they split out to South32 they matched the shares and I wasn’t even working there anymore.

      • Hearthstone on 17/02/2022 - 18:33

        How many shares did you get for 2-3K back then, it could be some sort of employee share scheme

        South32 de-merger from the mothership will land you the same number of shares for free in South32, as long you are a shareholder of BHP you get them free you don't have to be an employee so I assume your initial BHP share is part of some sort of employee scheme

        South32 is now $4.50 each plus dividend so around another 50c - $1 and BHP dividend would around $16 - $20 during that time + all the franking credits

        not bad but resources companies are not as good return with the exception of FMG, you can get them for 8c around 20 years ago, it is now $20 and then god know how much dividend probably another $7-$10 bucks, so a few hundred times return

        CSL the same float $2.40 it now some where north $270 bucks and god know how much dividend

        CBA floats around $5.40, $98 today plus mega dividend since probably account another $50-$60, now each year CBA dividend is around 70-80% of the initial float price, so each year you just get close to 1 bagger of the initial investment.

        • bobwokeup on 17/02/2022 - 23:05

          I honestly can’t remember exactly how much they cost but yes it was an employee scheme. I’ve got a total of 820 shares of BHP and yep they matched that for the South32 shares.

          Would you buy shares in a resource company now?

          • Hearthstone on 19/02/2022 - 17:15

            @bobwokeup: The only resource company I hold are the one in the ETFs index as I have ETFs

            all my individual holding I don't hold resource stocks as they tend to go from boom to bust too often
            I tend to hold stock that are capital light and make money in all cycles rather than boom and bust of resource sector
            stock I like are CBA, WOW, WES, REA, TAH, ASX, AMC, Amazon, Apple, Microsoft, Google

            Smaller Mid cap: REH, SIQ, ARB, CAR, CCP, SVW, RWC, ANN,

            High risk potentially extremely high reward: SKO, OCL (both tech stocks)

            I don't hold a lot shares, my holding are usually concentrates on 20-25 stocks I know intimately well and then a bunch of ETFs

            • bobwokeup on 21/02/2022 - 13:14

              @Hearthstone: Yeah that doesn’t make sense thanks for that. I too wouldn’t usually invest in resource companies but the offer back then was way too good to refuse and I’ve probably even made my money back with the dividends.

              Thanks for those tips much appreciated. I’m enjoying learning about shares and ETFs but there is so much to learn.

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