Standard Life Investment... Share Discussion Threads

[lord gnome] 27/5/2015 22:15

Thanks rik. I'll investigate further tomorrow.

[rik shaw] 27/5/2015 22:14

For what it's worth with Selftrade I have received 1.161p per share i.e the full amount as declared by the company.

[asmodeus] 27/5/2015 21:10

I am not an accountant, Dragons, but am confident that you cannot reclaim any tax credits in an ISA. The only income-tax benefits are that higher-rate taxpayers (you lucky people) have no further tax to pay above 10%, on dividends, but interest payments are tax-free. However - I know nothing about "PIBS" in ISAs. And for year after year I was convinced that it was beneficial to have dividends paid "gross", e.g. from offshore funds, but a pamphlet from the AITC viewed recently explained that there is no such advantage at all! The dividend actually received is exactly the same as if onshore. So,assuming this is true, I don't see why your div. income should have dropped 20%, Dragons.

[dragonsteeth] 27/5/2015 20:35

Lord Gnome re dividend in ISa, I've just received my latest and its 20% down on previous presumably as indicated due to the move to REIT. How / is it possible to claim this back . ?

[dr biotech] 26/5/2015 10:43

I'm with the Halifax and the charges are about £20 a year. Last year I had about £4k in dividends so that saved me about £1600 in tax. All the holdings are in one place, I can still vote at meetings if I want to though I almost never do. Seems a no brainer to me.

[redsonning] 25/5/2015 12:16

Avoiding ISA charges is a good way to avoid making more money! The benefits of ISAs are immense in comparison with the very minor charges. As for being on the share register, it's a moot point. There are many advantages to not having the bother of being on a share register. Everything you need to do, and all the information you need, is available online now. Being on the share register only increases the amount of admin you get to do!

[jonwig] 25/5/2015 07:30

topvest - some brokers (eg. TDDirect) have zero ISA charge if you have enough money with them.

I'm intrigued by your stance - how do you escape the menace of CGT?

[topvest] 24/5/2015 20:28

I don't hold any shares in an ISA - always preferred to be on the share register and avoid ISA charges rather than being in a nominee account. So, I've taken a 20% dividend cut from this change before putting in my tax return anyway.

[lord gnome] 24/5/2015 10:19

I don't think it will make the slightest difference to the net dividend that I actually receive in my ISA holdings.

(Edit: Oh yes it did, and my divis were cut by approx 20% as a result. Wadda mistaka to maka)

[redsonning] 23/5/2015 19:32

The decision about becoming a REIT is something which propcos have to look at in the light of the potential taxes which can hit them depending on their choice of status. However, topvest is right in that the choice of the company to escape certain taxes can potentially mean more tax for some investors. jonwig correctly points out that those in ISAs may be in a better position (but make sure that you actually check the actual situation with your ISA provider - don't take it for granted). The same check needs to be done on what will happen to the receipt of PIDs if you have a SIPP.
However, one cannot at all assume that being a REIT will mean an increase in dividends. The company is simply trying trying to ensure that it does not get caught by a rising tax bill - this does not mean that it has more money to distribute - it is simply trying to ensure that existing levels of distribution can be maintained.

[jonwig] 23/5/2015 15:54

You get the tax rebated in an isa.

[topvest] 23/5/2015 13:35

The move to a REIT cuts the net dividend by 20%. Not exactly a positive move. Hopefully they will have more scope to increase dividends I suppose. The taxation of REIT income isn't very good for private investors in my view. Anyone any views?

[dr biotech] 02/4/2015 10:39

I have had these for around 18 months. Bought them as a bit of diversification and wanted a steady income. I was hoping for 6% income and a few percent capital gain and obviously this has been achieved by some margin. I am happy to hold, but not sure I would buy in now - premium to NAV looks a bit too large for me.

[dragonsteeth] 01/4/2015 22:03

I must admit, after doing my research I bought in here looking for a relatively low risk Property high divi payer, and have been more than pleased with the capital growth the past few months.

[speedsgh] 01/4/2015 14:13

jonwig - many thanks.

[jonwig] 01/4/2015 13:58

"A good few years", not "two", so better still ...

Veteran chief executive Mike Slade believes there are still a good few years left before the recent renaissance in property values starts to level off, and the company is keen to push through in the meantime development projects that should unlock significant. Helical reckons development projects could boost book value by up to 20 per cent over the next three years.

IC 24 March -

[speedsgh] 01/4/2015 13:16

jonwig - "Boss of Helical Bar said recently he thought there were still two years of growth to enjoy in the commercial property sector."

Can you remember the source of that? Would like to read it if poss. TIA

[jonwig] 01/4/2015 07:24

Annual results:

NAV 75.5p NAV total return 23% for 2014.
LTV only 29%.
Outlook:

UK commercial real estate capital values are continuing to rise and rents are gathering further momentum. Investors are allocating more capital to the sector and are prepared to take more risk. I expect location to be particularly important for returns this year. Prime and good quality secondary assets in better locations are likely to provide the best opportunities in the strong economy I anticipate in 2015. My expectations for the future have to be tempered by the uncertainty of the outcome of the General Election in May of this year and the length of time that low interest rates will continue. Even so, I believe that real estate will remain a favoured asset class.

On the whole however, the Board is confident that the Company has a portfolio that is fit for purpose and that good investment management and asset management will produce further growth.

Boss of Helical Bar said recently he thought there were still two years of growth to enjoy in the commercial property sector.

[jonwig] 20/11/2014 18:40

Result of GM:

The Company expects to enter the UK
REIT regime with effect from 1 January 2015.

[dr biotech] 13/11/2014 15:47

Decent demand for them then


....it has raised GBP20 million through the issue of 26,506,928 new
ordinary shares at a price of 75.5p.. significantly in excess of the initial GBP12m target

[speedsgh] 13/11/2014 15:31

Looks like the placing was snapped up by IIs today...

Result of Placing -

"Further to the announcement earlier today, the Board of Standard Life
Investments Property Income Trust Limited (the "Company") is pleased to
announce that,it has raised £20 million through the issue of 26,506,928 new
ordinary shares of 1 penny each in the Company (the "New Shares") at a price of
75.5 pence per New Share (the "Issue").

The gross process of the Issue are significantly in excess of the initial £12m
target and provides greater scope to the management team to deliver on the
strong pipeline of near term opportunities available to the Company."

[dr biotech] 13/11/2014 11:25

And another fundraising between the current share price and NAV. I guess it makes sense to do this whilst the shares are relatively in favour and above the assets. It would be nice to know what they think the optimum size is for the company.

[jonwig] 12/11/2014 11:35

Interesting, and "...leaves the Company effectively fully invested" means that the dividend could indeed be maintained for 2015.

I've always found Glossop a rather forbidding place, depressing even, and the idealised picture in your link isn't borne out by Google's streetview (true, 3 years old). So the yield looks rather on the low side, I'd think at 7.3% potential.

[speedsgh] 12/11/2014 11:12

SLIPIT Purchase -

Further details on the site purchased (including link for pdf download of brochure)...

Glossop: Howard Town Mill -