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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| M&G High | MGHI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 53.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 53.00 | 53.00 |
| Top Posts |
|---|
Posted at 30/3/2016 10:17 by aleman 3 trading days of the tax-year left. CGT and dividend tax changes next year so some might want to make porfolio changes this year. It's less than a year to wind up of MGHI and there are no proposals for a roll-over vehicle yet. Some investors might have wanted to sell in the current tax-year if they knew what the new proposals are, but it is nearly too late. Not a very good show. |
Posted at 08/4/2015 12:38 by 2wild What normally happens at wind ups on splits, and from memory what happened on this one (a long lime ago when there were many more) is there is a new roll over trust, which may or may not have a similar structure and you will be given various options. Cash, shares in the rollover and/or some other equivalent cash/bond/share option. The new trust or rollover may also look to raise additional money from new /current investors to replace those cashing in and/or to re balance the new equity for each classes of shares. This will all depend the on the level of market, NAVs and discussions with the largest investors. |
Posted at 22/1/2014 10:29 by aleman GVC looks like it might be on a prospective yield of over 10% net and it's arguably a growth stock. There is a great deal of private investor buying but the price seems to being held back by institutional dumping. I found recent company tax advice to confirm that a UK tax credit should apply normally, despite speculation on the thread that it didn't. CLLN might still just beat 5% next year, although they've had a good run recently. I can't reveal everything I'm interested in as I have liquidity issues with a couple of smaller caps I want more of but our stuff overlaps quite a lot if I include some of the steadier larger companies I have not ruled out for the future ahead of the next downturn. |
Posted at 16/3/2013 16:17 by aleman THanks, Colonel. For the MGHIs, yes, I expect there will be some unpaid accumulated income to pay as dividend on winding up. Even if you get, say, 72p in 2017, one will have to remember that 2p would be dividend and the rest capital, so calculate tax accordingly. That's my assumption, anyway.I see the offers (which new investors will pay) are 2.05p different but the bids are only 0.7p different. Either way, there seems a slight price discrepancy with the capital shares and I would probably top up with Us at the moment. |
Posted at 22/2/2013 11:33 by aleman I agree that opportunity cost is a factor but it's different for different people and their risk attitude. Some people buy bonds yielding only around 1% or so over 4 years. Others more open to risk wouldn't dream of buying them.It's an interesting thought that I reckon these shares would have fair value of about 55p if all investors were in the same tax position as me. This means there is potential upside if there was to be any publicity for the shares in a major investment column. At 55p, I'd make the minimum return in the event of a zero capital return as 27p dividends + 15.4p(5p loss x 0.28) CGT credit = 42.4p for a 12.6p loss. I'd make the maximum gain 27p dividend + 70p capital payback - 55p fair value purchase price = 42p. The current income share NAV after 123p FULL 2017 payback on prefs is 26p (based on fund NAV of 149p yesterday). Add in the 27p dividend return and the return if there was no change in asset value from here would be 53p. So at 55p, investors with no spare CGT allowance would have a maximum 23% loss and maximum 76% gain, with their return currently standing 2p under the 55p fair value if there was no asset growth from here. I think the shares are 15-20% undervalued to investors in my tax position. |
Posted at 22/2/2013 10:15 by aleman Another point worth remembering for some investors is that any capital loss could be offset against capital gains. This effectively reduces the capital loss by 28%. THat's 13.265p when buying at the current price. Add that to the 27p of dividends and my minimum return will be 40.265p. THat makes my maximum loss 7p while my maximum gain is nearly 50p. These shares are highly effective for my tax planning to give me very good odds off making a good return. (Granted, I may struggle to offset tax due on capital gains, which could be as much as 6p, if my gain of 50p is 27p income and 23p capital.) |
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