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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Close BR.Dev | CBD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 69.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 69.50 |
| Top Posts |
|---|
Posted at 17/11/2004 19:11 by timbo003 A0002577I've still got plenty to go on the "free" tax allowance (providing my employer keeps paying me well up until the end of the tax year). I'm curious, if you don't do new issue VCTs, where else can you use up your "free" tax allowance? AVC pension contributions, EIS companies, film partnerships and deliberately making a loss on agricultural ventures are the only ones I have come across (for skivving off 40% income tax). Am I missing something? On a related topic, I see that CBD bounced back today, (the MM must have got round to reading yesterdays RNS concerning increased NAV), I don't hold, but I remain interested. Also, Northern 3 (NTN) reported today I'm a recent new subscriber, these are doing quite well to date for a relative newcomer, they just keep dishing out the tax free divis, long may it continue. |
Posted at 16/11/2004 18:06 by timbo003 Hi A0002577Yes, I have just re-read the prospectus for Ventus. If they do deliver what they say they will deliver, they are a veritable bargain given the tax break. You could well be right about the "EIS stuff" and I'm itching to get into early stage alternative energy companies, so getting into Ventus may well lead to some additional EIS investment opportunities in this area. Perhaps I ought to double up on this one and do £10K, I will certainly keep an eye on how the offer proceeds and how quickly they approach their funding target. On a related subject, I see Baronsmead 2 reported today, a nice steady as she goes performance with another respectable divi, quite reassuring as I've just subscribed to their new issue "C" shares |
Posted at 15/11/2004 17:38 by timbo003 I see that CBD are once again trading at a hefty discount after todays announcement concerning the increased NAV, you would have thought that the MM might have nudged his quote up a tad, but it was not to be I'm afraid.Back on the subject of VCT new issues, I will probably do £5K in Pennine AIM VCT5 This is not because I like AIM VCTs particularly, but I do like the idea of a 30% divi (in the form or a 30% share buyback at the NAV after 3 years). Also, Ventus look interesting. They are into onshore, wind energy projects, their prospectus talks about an 8% divi, after 3 years. If they could deliver, that would be very nice, I'll probably do another £5K in these. Then there's Close Income and Growth which will account for another £5K and then I will need to co a couple of EIS investments to make certain Gordon doesn't share in any of my gains this year, so that's probably another £10K-15K shared between Capital Pubs 2 and Nu Nu plc. |
Posted at 30/9/2004 13:46 by a0002577 rambutan2 I couldn't agree more : When every newspaper and every financial "services" guy says they are a good idea, then it is generally not at all a good idea to jump in. And never let the tax tail wag the dog. You are even more right on the AIM ones : there has always been a dearth of good issues on AIM that qualify (why list if you can make more money without listing I always ask myself)I shall be keeping an eye on the new issues - waiting my time to buy at less than 60% of the asking price for the new shares. And my guess is that most of these issues will reach that price within three years - except for the Close Bros issue and the Enterprise top up - and even with those I shall be able to buy them at a lower price with established holdings : I have done very well out of 'second hand' VCT shares - and will continue to look for opportunity. Maturing portfolio, sensible dividend policy etc and then dive in : can't spot any opportunities at the moment but I can afford to wait |
Posted at 29/9/2004 09:15 by a0002577 well done timbo003. Not sure about the continuing placing of money into VCTs - they are very illiquid but provided you have enough liquid outside then its probably OK. BSV have done me very well this year (bought in the market) 40% up on buy price plus and 11% dividend - the other Smaller Cos trusts also jumped this morning - good luck |
Posted at 28/9/2004 18:12 by timbo003 Two of my VCT portfolio came out with significant announcements today:Northern 2 VCT Interim results, NAV now 96p and a lovely 7.3p divi (tax free) due on December 3rd (mostly capital, but part revenue), I've got 4000 of these, so that's a £300 (nearly) divi cheque and the investment only effectively cost me £1600 after tax breaks Northern 3 VCT Divi announcement and update on NAV (98p), a lovely 2.8p divi (tax free) due on Nov 26th (all capital). I've got 4855 of these (I've only just bought them), so that's another £130 (nearly) divi cheque and the investment only cost me £3000 after tax breaks. I must say, I'm tempted to subscribe to a few more Northern 3, now the offer has been extended, but I also like the look of Close Income and Growth and Baronsmead 2, Decisions, decisions! I'll probably end up subscribing to all three before the end of the tax year |
Posted at 09/8/2004 18:43 by timbo003 A0002577Good find on BSR, It looks like there will be special divis before long, but how do you buy in any quantity? NMS is a mere 1K shares and there is only one Market maker (Wins). The last (and only) time I tried buying a VCT in the market (CBD, 5K shares), I was told that the MM (Wins) had no stock and he wouldn't deal, except at way above the quoted offer price, needless to say I declined the offer. On a related matter, looking through the recent RNS announcements for BSR, who were the idiots who exercised their warrants at 100p !!! |
Posted at 07/8/2004 17:57 by a0002577 timbo003 You can fill out various forms now if you have an PAYE income ang get your code increased for this year and get the tax back even earlier! My best buy so far this year has been British Smaller Cos (VCT) in the market. 11% tax free dividend (wow) and an increase (again tax free) in the value of the shares of 10% (offer to bid) : so I am well pleased. They plan to maintain this level of dividend for the next three years at least as well Historically of course, VCTs have not done so well : if these had been bought at 98 pence (net of commission rebate), their net cost after tax relief would be 58 pence. I bought mine "second hand" at 44 pence (including spread, commisssion and tax) : the original purchaser would have got even less when he sold them (probably less than 40 pence) : so he didn't do well. |
Posted at 11/6/2004 08:54 by a0002577 Hi - reporting season in full flow. Mentioned earlier three VCTs that I thought were very good value. Guinness Flight, British Smaller Cos and Murray VCT3 - all of which I bought in the market.Results : Guinness sold shares at roughly 35% profit - as they weren't going to declare a dividend. British Smaller Cos : up 10% plus they have set a buy back target of 20% above current price plus they are paying a dividend for the next few years of about 12 % of my buy price Murray VCT 3 : price up marginally on what I bought at plus a healthy tax free dividend (2 pence on the my 30 pence buy price) And all of that is tax free! |
Posted at 08/1/2004 13:13 by ukneonboy The L.S.E has today confirmed that a small block of 4250 CBD shares were traded on 30 Dec 2003. The seller actually received 55p per share, hence my attempts to buy them back from the market at 60p. Ultimately my buying order remains unfulfilled.Unfortunately,now that the seller's order has been dealt and the stock overhang has apparently "cleared", the market price has today steadied at 60p (bid) - 80p (offer). Potentially still attractive and still a strong buy - assuming Net Asset Value (NAV) is still at least 80p+ The company's progressive dividend policy is likely to be maintained and the prospective dividend yield is roughly 6.4% at 70p which also adds to CBD's attractions. |
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