Gsk Share Discussion Threads

[tradermichael] 15/4/2015 10:00

The capital return is what it is, not a dividend, so cannot be included in the Q3 dividend. The return will be in the form of 'B' shares, anyway.

[philanderer] 14/4/2015 20:34

U.S. Drug Spending Increases Most in 13 Years to $373.9 Billion

[dr biotech] 14/4/2015 14:48

The share price will almost certainly drop by the amount of the divi, like any other dividend. Wouldn't surprise me if they include it with the Q3 payout. May save them a few quid that way.

[atlantic57] 14/4/2015 13:10

Michael thank you for your help .
The Company website is very helpful but i was still unclear -- probably me.

[2hoggy] 14/4/2015 13:09

This is just a return of capital is it not,what do you think will happen to the share price?

Just reduced by that amount or do you think the share price will hold up?

[tradermichael] 14/4/2015 12:40

There's no reason to say that the deal would not be completed by the end of the first half of 2015 as stated by the company. Also, they stated: Capital return of £4.0bn in 2015 following completion. I would expect capital return to be made within 3 months of completion as a realistic time frame, i.e. by the end of September 2015.

[atlantic57] 14/4/2015 11:45

Is it realistic to believe that the Novartis deal will be done in may.
If this is the case then what is realistic for the distribution of the special dividend.

Thank you

[dr biotech] 14/4/2015 10:26

I have all my shares with Halifax. They are OK as an execution only broker, they are one of the cheaper ones if you hold a large portfolio. With them in the past I have transferred paper certificates and also used my holdings to Vote at AGMs (I have never attended but voted by proxy).

My wife has her holdings with Hargreaves Lansdown (I also have an account with them them though it only contains a nominal amount). They are more expensive, but they offer more - for example a chance to take part in some IPOs etc. I have been quite happy with them too.

There are various price comparison tables about, a good one is here

[tradermichael] 13/4/2015 12:31

phil, with a 50-day moving average of 1572.83 and upward momentum from the 200-day moving average (1466.25), Jefferies' figure is conservative.

It makes me wonder whether their research has even extended to the period after the Novartis deal completes.

[zeppo] 13/4/2015 10:24

Redips2 & Trader Michael, thank you for the recommendations.

z

[zeppo] 13/4/2015 10:24

Redips2 & Trader Michael, thank you for the recommendations.

z

[philanderer] 13/4/2015 08:57

13th april Jefferies hold tp 1520p ( from 1550p)

[tradermichael] 13/4/2015 07:27

Talk to Barclays Stockbrokers - they offer nominee accounts (its the only way to go) and do paper transfers all day long - all at a decent price.

[sicker] 10/4/2015 18:38

Many year ago I inherited a relatives estate which included shares which I wanted to keep. I have no recollection of the cost involved but I do know the lawyer (executor) involved managed to transfer the shares to myself.

[redips2] 10/4/2015 17:58

Sounds as if you need a new broker......



Very helpful people, free nominee a/c's and coffee when you pop in :)

[zeppo] 10/4/2015 17:39

Thank you Nik Rosa,Darias, and sicker.

I am of an age when I sm conscious of making it easy for our sons to continue with investments simply by filing in Stock Transfer forms after they have obtained probate. Our brokers would charge to sell the shares out of the Nominee account then to buy back in our sons's names.

I am being told by these brokers that it will be difficult to sell certificated shares in the future as Europe wants to eliminate them.

I will have to transfer as much as possible whilst compus mentis.
Our brokers are expensive and old fashioned but have given some good recommendations in the past.

The irony is that I would have recommended my sons to stay with them.

After their failure to transfer six stocks from Nominee onto paper I feel that our ten year relationship may end.

z

[philanderer] 10/4/2015 17:34

Splendid last couple of weeks .... good weekend everyone.

[sicker] 10/4/2015 08:31

I'm with nik, although I may be lucky enough to have a portfolio value high enough to be fee free. It is costly in my experience to sell paper compared to a small commission on line. You also get to vote and I should imagine that if I did want to attend an AGM, that could be arranged.

[darias] 10/4/2015 08:31

Zeppo

I think it depends on how many shares in a company you hold.

If, as I suspect, you only hold a minor percentage of shares in a company, say less than 1% then holding paper shares is a waste of time, money and effort. The advantages of a nominee account are too great to be ignored. You can still go to agms etc by asking your nominee to provide you with the appropriate authorisation.

If you hold over 1% of a company's shares then I think that you are an important shareholder and have a major influence on that company's policies which you should exercise and be more active than just going to an agm.

You should also consider your age and health status. If you are young and in good health then go for a nominee. If you are not young and in poor health your heirs might find that a nominee account is more difficult for getting hold of the assets in the event of your death. I have no experience of this problem.

[nik rosa] 10/4/2015 08:12

Zeppo - I find Nominee holding really convenient and don't mind paying the quarterly fee for the service they provide. I still have total control over my holdings/dealings. Hope this helps.
NR

[zeppo] 09/4/2015 22:20

Divis into account. I am under pressure not to get certification of new shares.

Do we have to give up and accept nominee holdings?

Certification allows divis to be paid direct and gives us voting rights and AGM invites etc. as a right.

Should I stick out for paper?

Moral blackmail that I might have difficulty selling paper shares in the future is being applied.

Advice please.

Z

[jadeticl3] 09/4/2015 21:50

Yes, now that we have this Q4 divi banked can someone remind me what we know for certain about the handout of cash/shares from the Novartis surplus, please?

[philanderer] 09/4/2015 13:17

Nice dividend just received into the account :-)