Gsk Share Discussion Threads

[alibizzle] 05/7/2022 09:49

It seems to be either sell for around £18 pre split or hold mid term ( end of year and first quarter next year ) and watching haleon stock rise and then sell

[jonjoneil] 04/7/2022 16:13

Thanks Keyno

[dudishes] 04/7/2022 15:58

G'day,

Sold today @1797.

Got a wee bit nervous, re: split.

Will be interesting to watch.

cheers

[keyno] 04/7/2022 15:56

"I was so undecided I just tossed a coin."

I admire your honesty, jonj. What a refreshing change from all the bs one reads on these boards. I hope it works out for you.

[jonjoneil] 04/7/2022 15:51

Pleased to see that Interactive Investor are now paying interest on cash balances over £10k. I sold all my GSK holding (12.5K) this morning. I intend to buy them back after the split. I was so undecided I just tossed a coin.

[igoe104] 04/7/2022 15:48

I've sold out after owning for a few years.

Proceeds have gone into SUPR, big quarterly dividend payer.

[tradermichael] 04/7/2022 14:32

According to the "sum of the parts" the two businesses are expected to trade at a premium to their combined values. Whether the separate listings will unlock this value in the short time remains to be seen. Personally, I shall miss the dividends and I'm not keen on owning a consumer health company in isolation.

[mj19] 04/7/2022 14:19

What benefit do current share holders get by holding? Shares in haleon which has a low divi and 10bln in debt?Does not sound like a bargain

[anhar] 04/7/2022 11:33

...sold at 18 and will see what happens after the split,i was there for income and it will be lower if i stay as it is..

I'm also only here for the income but in this case, despite the 35% drop in initial divis I'm staying with both new shares to see how things develop over time and because demergers usually work out well if you are patient. It's a risk as I could sell GSK and reinvest in a new high yielder, thus boosting my port income, but I believe I'll be better off the end by sticking with it.

Another point is that I still want a pharma in my port for diversification reasons and if I sold old GSK, I can't see any alternatives to new GSK which provide a reasonable yield. Similarly I wouldn't have Haleon if I sell now but I find it desirable as it increases my diversity even more as a consumer health product manufacturer. So both the new shares are welcome in my income port for this reason.

Very wide diversity is an essential feature of my income approach and it sometimes requires a little yield sacrifice

[norry2] 04/7/2022 11:09

Lippy - just done the same - for the same reason.

[lippy4] 04/7/2022 10:49

agree with jonjoneil

sold at 18 and will see what happens after the split,i was there for income and it will be lower if i stay as it is..

[anhar] 04/7/2022 09:12

What's the stamp duty to pay please?

As TM replied, it's 0.5% and is paid as part of the purchase cost when you bought the shares.

[jonjoneil] 04/7/2022 09:07

Like Pfizer and GSK, I don't want to keep them in my portfolio. Just my view. I know no more than you.

[anhar] 04/7/2022 08:59

That way I don't have to deal with Haleon

What's your reason for not wanting to deal with Haleon?

[alibizzle] 04/7/2022 06:27

What's the stamp duty to pay please ? I sold around £40k from my equiti ISA for GSK then used the money ( still in ISA as cash now not shares ) to buy another 50k of GSK which is in ISA again as shares . Am I liable ? This was in march. Thinking of selling if reaches £19 pre split and withdrawing from ISA which I know is cgt free

[jonjoneil] 03/7/2022 14:24

I am quite relaxed about holding on but not sure the best way forward. I am thinking of placing a sell order for £18 next week, and if it triggers I will hope to buy back my full complement of New GSK. That way I don't have to deal with Haleon.
Not worried about CGT as all held in ISA, but will have to pay stamp duty on buy back.
Of course if GSK open at a premium, I will have missed out. C'est la vie.

[patientcapital] 03/7/2022 13:57

Quite agree with those comments and I'm also retaining both as standalone investments. There's little mileage in getting too deeply tangled up in technical matters. The combined value is as priced now. Once separated it isn't likely to be wildly different.

[jonjoneil] 03/7/2022 13:48

I think the Haleon divi increases will be held back for some time while they concentrate on reducing debt. Especially with rising interest rates.

[anhar] 03/7/2022 12:53

Here's the bit that concerns me: 14 July, scrip dividend, whereby GSK investors get HAL shares (1 for 1). But, they are only releasing 80% of GSK's 68% holding in Consumer Health.

At the moment, I am unwilling to keep invested in a pig in a poke (something offered in such a way as to obscure its real nature or worth).

I don't get that reluctance TM. The value of Haleon (or any share) depends upon the market's perception of a host of factors such as assets, P/E, the quality of the business, yield, possible bid potential etc. There's nothing hidden, any more than with any company. I don't see why then it's a "pig in a poke". The temporary retained shareholdings of GSK, or Pfizer come to that, don't make any difference to the company itself. Both have stated they intend to dispose of their holdings after the lock up period.

As I've said despite the large divi cut from the two new shares over old GSK, I'm definitely going to retain my Haleon to see how it develops, especially its divis.