celerydays
16 May 2016
subscription offer Anyone taking this up??
Dingledangle
14 Jan 2016
Re: Sold A lot of good quality companies on their way down, Shell, Rio and now Lloyds all hit my stop losses this year. Difficult to know what to buy at the moment, but sitting with some cash is a good idea. However 3I is one company that has held up quite well. I am still holding for now.
gamesinvestor
13 Jan 2016
Sold Bit slow on the uptake here, but I sold on 14th December at 173.08.Moving a lot of stuff into cash and this one is at a hefty premium to net assets and shareholder dilution at each capital raise.Games
alpal
23 Dec 2015
Re: higher interest rates In my view, the only reason to sell is that the shares stand at a premium to NAV. But I think that is due to the quality of the investments they have made.I'm not selling as I hold them mainly for the [reliable?] dividend income.
investorprotestor
22 Dec 2015
higher interest rates Does this mean less spending on infrastructure? I'm considering selling any views?
fortunatas
31 Oct 2015
Re: Return of Capital and Stock Consolid... Under normal circumstances basic rate income tax payers have no further liability to income tax on dividend income. However, if the dividend income pushes them over the high rate income tax threshold, there would be a further liability of 22.5% gross. High rate income tax payers should know this already, by virtue of completing self assessment.All dividend income should be declared to HMRC. Non income tax payers cannot reclaim the tax paid on dividend income and neither can the pension/ISA fund (Gordon Brown's famous raid on pension funds in 1997 & ISA funds in 2004). Tax paid on Interest income is however reclaimable by a non tax payer and ISA/pension fund.
numberbiter
30 Oct 2015
Re: Return of Capital and Stock Consolid... I think you need to consult a tax specialist. If you are a standard rate taxpayer and receive gross dividends then you should declare them. Dividends paid by plc's are paid net of tax. For each dividend paid you should receive a document showing the gross dividend and the net amount paid. Tax deducted on most shares are at the rate of 10%, but if the company is a REET, such as Land Securities plc, the rate is 20%.
alpal
28 Oct 2015
Re: Return of Capital and Stock Consolid... I don't think you are right [but maybe a tax specialist can answer] unless you are referring to corporation tax. Apart from quoted shares I also have shares in a small private company. When that pays a dividend of £100, I get £100 and that's the end of it. There is no additional 'dividend tax' paid by the company.
numberbiter
27 Oct 2015
Re: Return of Capital and Stock Consolid... No you don't. Dividends are taxed at source, so the amount you receive is after tax has been deducted, if you are a standard rate tax payer (as you are) that is the end of the matter. If you don't earn enough to pay tax, then you have to claim a refund from HMRC.
alpal
27 Oct 2015
Re: Return of Capital and Stock Consolid... numberbiter: Your comment 'dividends would be taxed' is not correct unless you're a higher rate taxpayer. I am a basic rate taxpayer and get all dividends tax-free. So I much prefer dividends to any form of capital gain.
jonwig1
27 Oct 2015
Re: Return of Capital and Stock Consolid... If you look at 3IN's accounts over the years you'll see that it's historically always had a considerable cash balance (unlike other similar funds). So receipt of a huge slab of cash from the rail sale meant it really had to return it to shareholders.It's a fact of life that there isn't always a strategy for growth in the organic sense so lots of companies indulge in takeovers, so many of which end it tears! Buybacks, etc. are often preferable ... imho.
numberbiter
26 Oct 2015
Re: Return of Capital and Stock Consolid... But you have sold 10% of your shares to the company, so if you bought them for less that 170p per share, you have made a capital gain. The whole point of doing this way is to use up part of the annual tax free allowance, whereas dividends would be taxed.The reality is that selling 10% of your shares would be doing exactly the same thing, except this would incur dealing costs, whereas this way there aren't any.When companies buy back their own shares (to cancel them) it means they do not have a strategy for growth, which is usually disappointing.
jonwig1
06 Aug 2015
Re: Return of Capital and Stock Consolid... Judging by the large number of small buy orders since Friday, a lot of investors (like myself) re-invested their 17p/sh returns in the company at a price below 170p. Anyone with spare cash could have front-run that, and got about 167p. investor protestor - think of it this way: the company's shares are trading at a big premium to NAV, but a large proportion of the NAV is now cash. Is cash worth a premium to cash? Does cash pay a yield of over 4% pa? The company has done the right thing.
Kantos
05 Aug 2015
Re: Return of Capital and Stock Consolid... // I could have done that by selling 10% of my shares //Not quite, investorprotestor.If one happens to be capital rich and income poor (= my wife, whose husband, for better or for worse, sees fit to invest in her name), a welcome side effect is to reduce capital gains and increase income. That would not have been achieved by selling 10% of her shares.
Kantos
05 Aug 2015
Re: Return of Capital and Stock Consolid... Many thanks for the clarification, jonwig1 !!
