Arbuthnot Banking Share Discussion Threads

[retsius] 10/3/2017 15:00

Good turnaround today from a lacklustre start.
Hoping to move up as Result date approaches.
R.

[pvb] 22/12/2016 17:09

They seem to be going on a bit of an acquisition spree:





And an upbeat Research Note from Hardman Research:

[retsius] 25/10/2016 09:40

Large purchase of 11k shares this morning.Buying back in after avoiding the div. and it's tax implications?
Don't immediately see any real catalyst at the moment to buy, but time will tell.....
R.

[luckymouse] 21/10/2016 11:24

MMs ruining this one

[retsius] 20/10/2016 10:35

Sold some in the ISA.@@£13.76. So really no change on last night's closing price I.e. X div
R.

[retsius] 20/10/2016 09:25

Caradog
Well seems I did something right for a change! Down £4 as I speak so the share price is really down a pound, about 6% on the open.
There is such a price difference between buying and selling? Puts punters off completely. If I had not sold I would be about 23% down now.
R.

[caradog] 19/10/2016 17:22

I too have sold, although just before the trading update was hardly the best timing! Nevertheless, it fitted my current strategy of shifting to investment trusts with non-UK focus. I'm not at all optimistic about the future prosperity of the UK and I expect the stock market to reflect this, once the initial boost of currency devaluation has faded and the economic realities hit home. Watching with interest tomorrow...

[retsius] 19/10/2016 15:48

Caradog
Sold out today as tax liability was going to be very unpleasant.
Retain stock in my Isa.
Price started to decline late pm.
We will see what happens.x div tomorrow.
R.

[pvb] 14/10/2016 14:56

£3 ps dividend! I have only just clocked this. What are these companies doing?

Under the old system I used not to pay any tax on dividends but now it is just going up and up. They are not the only company doing this in this tax year.

[retsius] 13/10/2016 13:40

Caradog
Many thanks for response,great to have another mindset on a common problem.
I have e-mailed the co., voicing my views and await a reply. I wouldn't hold your breath,this is something that you raise at an AGM.
Personally I don't think this has been properly thought through,and the money should have been retained for future deals,
R.

[caradog] 13/10/2016 13:09

Retsius
The price will drop by £3 on ex-div day, give or take a few pence. This usually sparks a howl of protest from the few small investors who don't see that shares in a company that has given away £3 per share in cash are worth £3 less because the company has given them some of their money back.

As you say, if you don't want the dividend now you could sell cum-div and buy a bigger holding ex-div - essentially swapping this dividend for increased future dividends. Or just sell and buy something else. Like you, I'm going wait and think for a bit...

Sir H can afford good tax advice, I'm sure.

[caradog] 13/10/2016 11:58

What I meant, Retsius, was that if you risk going over your CGT allowance, selling ARBB ex div will give you the chance of crystallising a loss to set against gains elsewhere, depending on what you originally paid for ARBB.

I agree that unexpected dividends do complicate things. I bought high yield shares ex/ISA just 2 days ago and now find that capital gain is more tax efficient.

[retsius] 13/10/2016 09:59

Incidentally British Bulls gave a buy on the stock last night.
Nothing to bet your house on but positive nontheless from computer analysis

[retsius] 13/10/2016 09:56

Caradog
Thanks for input.Already accounted for £5k div.,so this has come as a shock as I will be subject to 32.5% tax on my new div. from ARBB.Assuming it drops by £3 xdiv,I will in effect lose 32.5% of my capital of the div. amount.Not what I want.
I don't understand what you mean about capital losses?
Wife gifting is an option but will only mitigate tax by a small amount and I don't know if I want to do that anyway.
What we need now is a steady rise and some positive press comments,esp. ST before it goes x div.
Views?
R.

[caradog] 13/10/2016 09:06

You have £5000 dividend tax allowance this year. I have just been rejigging our portfolios to make sure my wife and I take full advantage of this. This dividend will bring me up to the full allowance on my non-ISA account. The share price will drop significantly ex-dividend of course, but at least the capital loss can be used to offset gains this year or next.

[retsius] 13/10/2016 07:54

Good statement stating steady progress.Seems a whopping great bonus is coming our way.Unfortunately this will be subject to higher U.K. Tax as my holding is not in an ISA for which I have slightly mixed emotions. What happened to their 13p 25p offerings over the past 6 months? This divvy blows them out of the water.I think I would have preferred them to retain the bulk of the divvy monies generous as as it is for future developments.Does that sound totally ungrateful?
Any views guys?
I certainly think the punter who forked out £750k yesterday had some wind of the announcement?!(Unless it was a rogue trade)
I think the market will like the statement;what's not to like?

[spob] 13/10/2016 07:09

The significant transactions carried out by ABG in the first half of the year which resulted in a first half profit of over £225m have now been included in the capital base of the Group. As a result of this, the Board are proposing to pay a further special dividend of £3 per share, which equates to approximately £45 million. This will be paid on 18 November 2016 to shareholders on the register on 21 October 2016.

[retsius] 12/10/2016 20:31

STB floated successfully on the main index, and also released a trading update which was positive.
Hoping for more of the same tomorrow.
R.

[luckymouse] 12/10/2016 16:01

has to break out at some point lol

[retsius] 12/10/2016 12:56

huge buy order for 50k shares at 12.03 today.
Someone has confidence in the bank!
Trading update tomorrow.
R.

[retsius] 05/10/2016 08:53

Next week ..update on trading,plus the float of STB on the MAIN market.
Should be interesting.
R.