Re: drop today Just to say that Casa is totally right about the tax situation, but neither the Channel Islands nor the IoM are parts of the UK. They are Crown Dependencies, so only linked to the UK by sharing a common head of state (officially). Pedantly yours, b.
Re: drop today Good question, Damp. I think the likes of Guernsey and the Isle of Man are still in the UK but not for tax purposes. Are they treated in the same way as Gibraltar and the Cayman Islands? Do these places collect their own taxes and perform all the services with no call on the UK exchequer? I think they do. Consequently, the UK cannot or won't choose to interfere with the tax haven status. I'm sure the EU would like to but they have their own house to put in order with the likes of Luxembourg and Ireland charging little or no Corporation Tax.Casa.
Re: drop today good question come on someone out there must have the answer to that?
Re: drop today Corbyn and the windfall tax is my worry for JLIF and HICL.As they are domiciled in Guernsey, can the UK govt. really impose a tax on them ?
Re: drop today Yes it is undoubtedly the Carillion saga. JLIF are left without a contractor for a number of PPP new builds. It's a similar situation for HICL which I also hold. If both funds can replace CLLN without too much extra cost, this could be a buying opportunity. However, I will only hold as the bigger threat over the share prices is Mr Corbyn and his threat to take new builds back "in house". Casa.
drop today anyone any idea why this drop today carillion ?
NEW ARTICLE: Here are the listed companies affected by Carillion chaos "From the flagship HS2 rail project to the future of facilities management contracts and tool hire agreements, the collapse of LSE:CLLN:Carillion has had far-reaching consequences across a range of sectors and industries.The company's demise ..."[link]
no carillion impact reassuring announcement about there being no impact from Carillion's demise.
contrarian play I am starting to think that this is the best contrarian play out of all the stocks affected by the prospect of a labour government. Its a lot more difficult to change the terms of direct contracts with the government than it is to impose price caps on water, electricity etc.Besides I imagine they will cause a government debt crisis long before they get round to worrying out individual pfi contracts.Not sure its all worth the risk of adding to investment but it i will definately hold what i have.
Why not? ( invest) As this share price had sunk back to historic lows below NAV, l trimmed back some JLEN John Laing environmental assets (solar/wind/drainage) at a profit and added some cash to buy in here for greater diversification.This share has been pilloried by recently, but most commentators grudgingly acknowledged the quality of the assets and the company. I am hoping to hold longterm for inflation protected pension income. Should Labour win outright majority, they are likely to have greater worries than spending money and time on political posturing, such as holding out a begging bowl to the IMF.As always, I could be wrong! PB, dyor.
Re: Why ? They will be paying for this govs mistakes for years in any case.
Re: Why ? if they do our grandchildren will be paying the bill. what a awful thought.
Re: Why ? Yes and it has .Looking ever more likely every day that labour will win next election .
Re: Why ? thanksI thought the Labour PFI issue would hurt all these cos. especially every time the Tories have a internal fight.
Re: Why ? Trading update today. Includes commentary on labour PFI issues and Roseberry Park Hospital project that has been written off.Regards, WarrenGemini