Nothing about the vagaries of the current travails in the markets but article in the D.T has the Square and Compasses in Dorset as the No1 pub in Dorset.
I seem to remember a lively discussion on these pages about same
The markets I haven't a clue
I have targets but is in the lap of the gods my trades so far this new year are not covering me in glory
Early candidates for the infamous sock drawer.
Be lucky |
As an avid beer drinker I suppose I shouldn’t dis the business model ;-) |
Good call Spud, let's hope they give it up |
Bit bothered that VC will be sniffing around and will crystallize some paper losses for investors on these high yield stocks. The 'poison-pill' of the complexity of the businesses might help to keep them away. Not an easy asset strip, unlike buying up Morrisons roughly for the value of the properties as I remember it and having the business thrown in for free. |
#Fenners66, yup, some high street properties are a liability now, landlords having to pay business rates on empty shops, high street full of charity shops just paying the overheads to take the weight off the landlord, rent/rates/2-3 staff plus the costs with NICS/pensions/holidays trying to operate a little profitable business selling goods from a shop is near impossible, you have to crank out GBP10K a month just to stand still, a total waste of time except for nail bars and barbers they are both doing well, they seem to like the cash and cheap labour.. :o)
I have picked up my full holding for MnG now, recent lows could be a floor, (subject to bond market jitters) but the income for a decade will be just fine and see what the share price is in 2035.. :o) |
Hear, hear. |
Or alternatively, we could be novel & try and stay on topic and discuss things MNG related! And before I'm lambasted by people saying it indirectly refers to MNG, why talk for talking's sake?
Sometimes less is more!
spud |
Mine was a general point about cgt not specifically about shops. You seem bent on arguing.
What are your solutions? Not to my post. You know what I meant.
Show your ability. Rise to the challenge. Whats the problem. |
To get you to stop writing factually incorrect gumph about CGT... |
What’s your solution then? You always have a lot to say. |
yump - Capital gain on empty shops ?!?!
Either you are having another one of your laughs or have no clue.
No-one wants them.
Empty properties still have to pay rates - "you do not have to pay business rates on your empty property for 3 months. The relief starts from when the property becomes empty. After this time, most businesses must pay full business rates."
They often cannot be repurposed - or who wants to live on the High Street ?
Offices left empty with no takers thanks to WFH
There is NO capital gain on the expensive noose around the neck !
Councils that bought shopping centres - idiots trying to get commercial - are sitting on huge paper losses
but there is no market to take them off their hands.
Charity shops paying little or no rent but covering the insurance and rates - is nirvana to some landlords. |
You only have to walk around any neighbourhood to see empty properties. Some are empty offices for years or just dead high street businesses. That is a national scandal. If compulsory purchase can be used for infrastructure progress, why the heck not for releasing property that is being kept just for capital gain. I believe Gordon Brown reduced CGT for businesses holding property for 2 years, so that kick started the empty property as an investment trend. |
All the reasons contribute. Supply and demand is never going to be about just one thing.
But whilst we can acknowledge the failings in the economy because so much is used up
on rents and interest its not like the govt hasn't an interest in the matter too.
Higher and higher property values add to the tax take - higher stamp duty, higher taxes on
rental income from landlords, higher take from IHT - eventually everyone in London will be
paying it if they own a home. Higher funds from the eventual sale of houses to trap people
into paying for their own social care.
Govt is as addicted to their share. |
So the fact that housing stock to buy is greatly reduced because people buy as an investment, and will only let the property has nothing to do with it? Then to make matters worse long term let rental stock is depleted because of the growth in Airbnb. We will just have to agree to disagree I am afraid. |
Not sure I entirely agree Gary, economics 101, supply and demand. According to migration watch the UK population has risen by 8m from the year 2000, driven mainly by net immigration. House prices in the past 2 decades have increased fastest in London and the South East of England over the same period. According to the ONS, 47% of immigrants arriving in the UK, nearly 2.3m people, settled in London or South East England, these people need to live somewhere. I think this is driving house prices upwards rather than the population no longer making memories.
wllm :) |
Thanks NSB |
 Housing prices have always been a product of supply and demand.
Whilst I agree that higher interest rates earlier would have reduced some of that demand ,
the fact that the population has increased several million over the past just a few years
means that the excess demand would still have been there, so the house prices would still
have risen.
Demands on small time landlords mean less returns , tax deduction for the major cost
of mortgage interest removed and additional bureaucracy have led to lower supply , especially after
property values rose so making gains possible and then interest rates rising giving a worry/risk free
real rate of return meaning landlords exited the sector.
So you get reduced supply and increased demand fuelling rent rises.
I have argued on TW board that through the "cost of living crisis" (if there really was one) that house prices would not crash and they barely moved.
But I do think house prices and rents so high are a waste of the economy, Everyone paying interest instead of buying things.
Maybe the coming recession will actually cut house prices - but population will have to stop rising so fast
first.... |
Shortly after the election in July, UK 5 year government bond yields felt below 3.5%. Currently at 4.5%. It's not just the stupid inflationary and anti jobs budget that's to blame. Bank of England kept interest rates at 0.1% for too long. When it became blatantly obvious to everybody inflation was on the rise they only increased to 0.25%. Followed by 18 small consecutive quarter point Increases and a final belated 0.5% increase. Quantitative easing and extended stamp duty holidays also fueled housing prices. If the Bank of England acted sooner with initial rise to 0.5 percent followed by around 6 consecutive 0.5% increases to 3.5%. The inflationary spiral may have been avoided or curtailed. Instead rents and mortgage payments became unaffordable there by forcing workers to demand hire and higher pay increases leading to further inflation and more pay demands. Previous minimum pay increases also Accelerated inflation. Even a recession in the second half of 2023 did little to help. Now Bank of England are making things worse again with this accelerated unnecessarily large quantitative tightening increasing borrowing costs which will have to be passed on. |
Rather than just tell you the answer. Google MNG results, also check dividendmax.Anyone who jumps in and tells you will be just as lazy as you. |
Is the next (final) dividend due on March 2025? Does any one know if there is an increase from the 13.2p paid for in March 2024? |
Labour has always been the tax and spend party. Her budget delivers that very mantra with perfection. Personally, I think they are toast, particularly when they will be unable to deliver ANY of their promises. It's how much damage is done in the interim sadly. |
I gave you a tick up for this post fenners66, but I really wanted to give you at least 100 ticks for this. You're absolutely spot on. NSB |
Yes I had some limit orders in play that got taken out and I don't plan on adding right now.
I guess just like in the autumn of 2022 we have to wait it out again.
Good luck all 👍🏻 |
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