Lxb Retail Properties Share Discussion Threads

[simonsaid1] 17/8/2016 10:48

Correct me if I'm wrong, but given that the dividend was in this tax year (it was 26 May, tax year starts April), the dividend is for your next return not this one, and this tax year the new dividend allowance comes in.

From HMRC:

'From 6 April 2016, the notional 10% tax credit on dividends will be abolished. A £5,000 tax free dividend allowance will be introduced. Dividends above this level will be taxed at 7.5% (basic rate), 32.5% (higher rate), and 38.1% (additional rate)'.

[orinocor] 17/8/2016 10:11

Hi All

I'm currently filling out my tax return for 15-16 and Im looking at the 45 dividend income I received form LXB.

I swear I took out the capital option but TDW have it down as dividend income of overseas income of £2250. Whatever. Maybe I did select dividend. The dividend is shown as gross with no tax credit. I'm not sure how to treat this. My earned income was £25,000 which was taxed at source.So I'm a basic rate tax payer. Im assuming I have no tax t pay on this dividend income. Can anyone clarify? Thanks!

[yupawiese2010] 28/7/2016 21:51

Latest Sheppey news.

[loobrush] 15/7/2016 15:18

The directors have a clear value of what the assets will fetch whereas we don't.
They will know if the asset prices have been affected by Brexit or not.
A year ago they indicated that the final asset value could be between 120 and 140 p which after the 38p payout gives a figure of between 82-102p.
The only real drop in property values are in unit/investment trusts and property company share prices.
I am of the opinion that although these prices have dropped actual property sales have not shown any drop in value.
It could well be that it is only investors panicking that has caused the drop in units/share prices after analysts said sell.
Lets wait and see how the market in property sales /buys go as it may well be that there is only a minor correction if any to pre-brexit values.
If that is the case then the assets could well be worth between 82p-102p and the Directors-who know the situation intimately are sure of this, thats why they are buying.
They have bought £Millions -they would not buy unless they see substantial gains to be made here.
Lets see what the next sale brings in-WE COULD BE SUPRISED.

[loglorry1] 13/7/2016 14:35

npt - directors can't deal if they know material news that has not been released to the market. In this case he released news that negotiations had fallen through and thus was free to deal.

It's not the case that if they know news that will affect the price and intend to deal that they must deal before releasing the news. That would obviously be pretty daft! So in this situation it looks totally kosher to me. He waited until news was in the market then dealt. If for example the news was good and would have led to higher prices he'd have had to wait also and then pay more. In this instance it worked in his favour (assuming that the price drop was overdone).

Log

[speedsgh] 13/7/2016 13:25

Spike probably due to release today of positive tip update by Simon Thompson (Investors Chronicle). He notes recent buying activity by director/PDMRs at both the main board + the investment adviser; moved from HOLD to BUY.

[badtime] 13/7/2016 13:07

Interesting spike

[asmodeus] 11/7/2016 16:22

Price up 4.1% (56.25 bid, now) (16.22)

[soundbuy] 11/7/2016 10:52

Averaged down on this news at a tad under 54p....agree with the above....onwards and hopefully upwards....

[loobrush] 11/7/2016 10:26

RNS-Director buying in this size £600,000 + would indicate that the directors know that there is a lot of value to be had hear-It would seem the potential final asset values are still a lot higher than the share price.
They will know a lot more than we do.Could be a good time to top up methinks whilst the market in in this mood.My own view is that the prperty market in general has been marked down way to low and in a few months we will get back to more sensible valuations.
For foriegn buyers could be an ideal as the £ may well recoup a fair amount of its losses and currency gains will come in to.

[salchow] 11/7/2016 10:25

It was the investment adviser that bought 1.2M shares at 54.3p on Friday. Makes me happier than when the price touched 45p! I lacked the courage to buy more at the knock down price.

[badtime] 11/7/2016 09:56

And another directors buy

[simonsaid1] 07/7/2016 12:12

Please forgive my newbishness, but I thought LXB had pre-agreed sales, that was touted by IC as one of the best things about this investment.

[badtime] 07/7/2016 11:57

I would have thought your second sentance has more relevance

[simonsaid1] 07/7/2016 10:48

I will feel a whole lot better about this once some more director purchases come to light at these re-adjusted prices. At least we know for a fact they have a strong personal interest in figuring this out, now that they're stuck with a lot of red after their recent buys.

[mad foetus] 06/7/2016 13:48

I would agree with that, no need to rush anything at the moment.