strapuk
15 Mar 2017
Re: NAV Yes the ZDPs are due another 0.92224p per share.At yesterday's NAV announcement, I calculated the income shares are due 58.13p per share, incl excess income not yet distributed.
vitabrevis
14 Mar 2017
Re: NAV Don't forget there is still about .9p to come off that NAV to satisfy the ZDP final entitlement.I think 12noon tomorrow is when the final terminal asset values will be calculated so fingers crossed for a good morning for the FTSE....the value of shares being transferred in specie to the rollover vehicles will still be taken into account (mid-price) in calculating our TAV.Good luck to all 'fellow travellers '.
Hardboy
14 Mar 2017
NAV Over 59p today; and holding up well so far. let's hope most of the liquidation of funds has been done now, so any major movement in markets should not affect us too much. And don't we get the final dividend tomorrow? Only a diddy one, but still welcome.
Rober01
11 Mar 2017
Brexit From Financial Times Saturday :-"European leaders are preparing for Britain to begin Brexit imminently, amid signs that Theresa May could activate Article 50 divorce proceedings as early as Tuesday."This could be a disaster for us, if it happens!!!Keep everything crossed.
Rober01
11 Mar 2017
Re: GM Hardboy I suspect that some of the OEICS acceptance and perhaps parts of the other were down to the movement of the institutional investmentsAs to the rest, I think you are right, brand loyalty and perhaps fear of the unknown were probably the main drivers elsewhere (better the devil you know).Thanks to the Lords, we should confirm the final share price prior to Clause 50 activation. Important for me as I anticipate strong downward market movement, once this happens. I have a lot of reinvestment to do and whilst some can be done in any event, dropping prices would be very acceptable for most of it.
Hardboy
10 Mar 2017
Re: GM Strapuk, Rober,And of course we have invested money in companies having paid tax on our money already. That was the worst thing in the budget for me. Why not just add unearned income to earned income and treat it all as one? I was listening to the remaining Gang of 4 being interviewed on the radio comparing the Labour party when they left to form the SDP (with Michael Foot as leader) to the current fiasco with Corbyn in charge. They were not very complementary. Hammond's speech was quite enjoyable. I enjoyed his humour: more subtle than Osborne's school boy japes. I know someone who lives in his constituency. When the Thames was flooding a couple of years ago they said he was as helpful as a chocolate teapot. Unlike Teresa May who surprises constituents with the number of local events she gets involved with; and helps out with. (Marshalling the Maidenhead half marathon. helping serve food for the homeless at Christmas etc.) This time next week we should know what we are getting.
Hardboy
10 Mar 2017
Re: GM Rober: "Interestingly very few preferred the IT offer (?2% or so) . Most seemed to go for the Oeics???"It's not something I understand but there is a degree of brand loyalty among investors. So I suspect it is people wanting to stick with M&G. I suppose if one's been happy with the performance of this investment, why not role your money with the same fund manager?
Rober01
10 Mar 2017
Re: GM strapukWhen did politicians ever care about consequences!! None of them look beyond the end of their nose.You have only too look at Gordon Brown and his escaped (goodbye final salary pensions) to see that.In this instance I think a lot of this stems from the lack of any form of opposition ( other than Conservative MPs), Highlighted by Corbyn and his appalling Budget response.
Rober01
10 Mar 2017
Re: GM HardboyThere is a breakdown online and yes the majority seems to prefer cash (Package and Inc & Growth holders were the exceptions). Interestingly very few preferred the IT offer (?2% or so) . Most seemed to go for the Oeics???I am not counting my chickens!! Anything can happen in the next few days, although the Budget appears to have had little effect. It did not take long for the politicians to reduce the dividend relief (I expect it to completely go by 2019/20) and am only surprised that 7..5% remained, 10% in the Autumn Budget would not surprise me!!
Hardboy
09 Mar 2017
GM I'm not going to try to find out the break down of how many share holders there were for each of the separate packages, but it looks like a large proportion opted for cash. We're not there yet - a week's a long time in politics - a day can be a long time in investment terms, but with luck we'll be getting around 58p
Rober01
04 Mar 2017
Re: Last day of trading Hardboy Noted. Thanks for those kind words!! I too will be investing mainly in my existing portfolio, which is now almost entirely based on Investment Trusts of one sought or another. At one time, in my long investment travels, I held far to many separate items (60 at one time I seem to remember). Now I hold less than half that number so as to reap the real rewards of the successful ones.My reinvestment program from this investment closure ( the biggest I have ever undertaken) will in large part, be within my ISA and SIPP with only some 2% or so of the six figure sum being outside of them.I was going to say that this investment was one of the most successful I have undertaken, However on analysis, I find that while in total it has produced one of my top five dividends (for the period) it appears in the lower half of my total returns ( for the period)!!Best of luck with your future investments!!!Cheers
Hardboy
03 Mar 2017
Re: Last day of trading Thanks Rober,I was out of my comfort zone going for a split capital IT when I bought this, but could not resist the income, Loan Notes would be another investment area I know nothing about, so I will have a look at it, but probably won't invest in it.As for me, as we are so near year end, and this was held outside my ISA, I will probably use the proceeds towards my 2017/18 ISA allowance; which, as I have more shares in the ISA than I should, will probably be spread around existing shares, where I can see income and good potential growth - I do invest predominantly in single company shares; my ITs & ETFs make up about 12% of my portfolio. Good luck over the next couple of weeks, and way beyond that. Thanks for all the help in my education about split capital ITs.
Rober01
03 Mar 2017
Re: Last day of trading HardboyYou were asking what I was going to buy by way of replacement. You might like to look atBGLF which I intend to add.It is a loan note fund in the same vane as two I already own (too which I intend to add) but with a lower risk and a lower yield of some 8%. Cheers
strapuk
03 Mar 2017
Re: Last day of trading Cheers for that Rober01. Hoping they will simply credit my HL account rather than post me a cheque though!
Hardboy
03 Mar 2017
Re: Last day of trading You'll find the answer in the RNS which detailed the winding up. If you go to the news tab & look down to the 19th Jan it's the message titled "Scheme of Reconstruction - Publication of Circular"
