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Share Name Share Symbol Market Type Share ISIN Share Description
Mckay Securities Plc LSE:MCKS London Ordinary Share GB0005522007 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.75 -1.62% 166.75 163.50 170.00 163.50 163.50 163.50 40,992 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 25.3 13.2 14.0 11.9 156

Mckay Securities Share Discussion Threads

Showing 1176 to 1199 of 1475 messages
Chat Pages: 59  58  57  56  55  54  53  52  51  50  49  48  Older
DateSubjectAuthorDiscuss
13/2/2012
10:06
NatWest Stockbrokers (which is run by TDW) reclaims but it takes about 6 weeks.
grahamburn
13/2/2012
09:52
IWeb ISA account has been reclaiming for me.
crawford
13/2/2012
09:39
Yes, thanks for the heads up about the tax reclaim. I've just checked my account with iWeb (part of Halifax Share Dealing) and realised that I've not been receiving the tax back on both the REITs that I hold with them - MCKS and LAND. I've just had a long chat with someone there - had to explain everything to him - and he's passing it on to their admin people who are supposed to be getting back to me about it (where have I heard that before?). Like Lord Gnome, I find it difficult to believe that large companies like this aren't set up to do this automatically. I hold British Land with Sippdeal, and I receive the tax reclaim a few weeks after the PID, so no problem there.
lizafl
13/2/2012
09:15
Marvellous!!! I just checked my portfolio and found that my MCKS shares were already held in my ISA. I have just had a nice chat with a young lady in the TD Waterhouse account administration department and she has agreed to claim back my tax for me. Question: Why should I need to ask a big outfit like TDW to do this? Surely they should be set up to do it automatically? Thanks for the information from people on this thread. You have just saved me a few quid and increased the yield on my shares.
lord gnome
12/2/2012
23:51
Hi Specuinvestor I have had similar problems both with Selftrade and Sippdeal over the last 2-3 years.You just have to keep pestering the customer Service and they do eventually reclaim. Problem is very few people have heard of PIDS. Reason is that the funds/ISA that deduct tax have not been able to sign up with HMRC as they keep their cash in pooled funds and not directly in your nominee account. Slowly getting sorted out as Sippdeal now pay gross and I think Selftrade are also OK now. Something like MCKS is not well known. All the best linhur
linhur
11/2/2012
20:30
Thanks neilg2 I have pursued it with them further. It appears their Senior Administrator (Complaints & Written)doesnt know what she is talking about.
specuvestor
10/2/2012
22:10
Specuvestor I hold MCKS within an ISA with Selftrade and always get the 20% tax deduction refunded. It normally takes between 4 and 8 weeks after the divided is paid to get the tax refunded. I haven't received the refund for the January divided as yet, but checked back on my account and it was refunded around the 20 Feb last year. When I first bought the shares, I e-mailed Selftrade to clarify the position and they confirmed it would be reclaimed (which it has been to date). I have not heard anything from them to say that the policy has changed. I would ask them again as I suspect that whoever replied to you wasn't aware of this (but obviously should have been!).
neilg2
10/2/2012
09:51
Hello Guys With regards to reclaiming the 20% tax, Selftrade have e-mailed me to say that they do not reclaim it. It is up to the investor to contact HMRC. Are others having this problem? I also have a holding in my SIP with Hargreaves Lansdowne and they told me it is not a problem and that they reclaim the tax rebate within a few weeks. This is the Selftrade reply: Selftrade hold shares within a pooled nominee service where not all clients are liable to UK tax. Individual circumstances differ and we are unable to apply a bespoke service to accommodate each client's tax status. This would negate the operation of a pooled nominee service. For this reason and the fact that we are operate under a pooled nominee service we do state within our Terms and Conditions: "As your Investments will be held in an unallocated pool, (and are not distinguishable by client/beneficial owner), you may receive dividends or other distributions net of tax which has been paid or withheld at rates that are less beneficial that those that might apply if the Investments were held in your own name or in allocated accounts." At this stage, we advise that you contact HMRC as they may be able to provide individual guidance as to how to reclaim any taxes. We apologise for any inconvenience caused in this matter.
specuvestor
31/1/2012
10:11
"Think as insurance" - and therein lies the root cause of the banking collapse 2008. If only people had thought of them as insurance and they had been regulated accordingly.
ursus
31/1/2012
07:36
Equally if interest rates had increased the profits would have been protected. Think as insurance.
flying pig
26/1/2012
12:29
ok, apologies, I am with you - essentially the hedge is telling you how much profit the bank is making in the meantime - thanks for the clarification, i appreciate your better knowledge.
timanglin
26/1/2012
11:14
tiltonboy is right. As the swaps approach expiry, the liability will revert to zero. Think of the liability as a measure of how much they would have saved on their interest bill if they hadn't hedged.
wjccghcc
26/1/2012
10:59
timanglin, An interest rate swap is valued by reference to the rate the loan was taken out, and prevailing rates. If the loan runs for five years, and the swap is in negative territory, providing the swap isn't broken in the intervening period, that negative valuation will revert to nil over the duration.
tiltonboy
26/1/2012
10:45
as always the word 'if' creeps in - a 36p (and possibly increasing) potential hit on hedging is considerable. maybe a more detailed discussion about hedging from other posters and a more detailed statement on hedging in the RNS, would be useful, because my understanding(maybe wrongly) is that if the negative hedging/liability runs to term then this is owed to the banks?
timanglin
26/1/2012
10:36
timanglin - it's my understanding the hedges expire to zero asset/liability if the run to their final date. Dissolving them early incurs a cost. So 'sorting them out' might not be worth the effort. The so-called NAV is that required under IFRS accounting. They also quote a NAV ("NPRA") which removes the hedge feature.
jonwig
26/1/2012
10:30
From the latest RNS: 'reduced from 197 pence to 161 pence mainly on account of the negative movement in the value of the interest rate hedging instruments.' They really need to sort out their hedging before this becomes interesting.
timanglin
22/1/2012
17:40
puku - IFD is the cheapest. At 33p they yield 10.66% and stand at a 30% NAV discount. Research now, then wait for the next IMS (NAV/Divi/etc) to confirm the up-to-date stats. IMS should be due this week. SGRO is a great opportunity; but they rose 10% on Thursday/Friday last week, so I banked a quick turn and will wait/hope for a pullback.
skyship
22/1/2012
16:34
Lord G - it sometimes gets complicated: a REIT can announce a dividend which is not wholly a 'PID' (property income distribution) which has the tax reclaim. There might be an ordinary one included; eg. TCSC in its latest: Proposed final dividend unchanged at 7.34p (2010: 7.34p). To be paid as a Property Income Distribution ('PID') of 6.25p and an ordinary dividend of 1.09p. With MCKS, the latest interim dividend of 2.7p was wholly a PID. I've already got the 2.16p, which is 80% of that. The rest will come in due course. The PID comes from rental income, the ordinary dividend could come from reserves, gains on sale, etc.
jonwig
22/1/2012
15:36
Thanks for that debate guys. I'll put my MCKS in my ISA when funds become available to do the deals. I'll have to buy and sell to transfer them across, but that will be cheaper than losing 20% tax on my dividends.
lord gnome
22/1/2012
14:38
SEGRO is still bombed out, yield nearly 7%. Industrial sheds a bit unfashionable, and euro exposure, of course. TCSC is overlooked - Leeds mainly, Merrion Centre - yield over 7%. Had quite a good recession with no fundraising or divi cut. Lot of retail, hence big discount to NAV. Those are the two I hold (and MCKS) and would recommend. But you need a tax shelter (ISA, SIPP) to get the reclaim.
jonwig
22/1/2012
12:59
very interested in the tax-reclaim scenario for REITs What other companies would anyone recommend ?
puku
19/1/2012
14:15
Looks like the tax reclaim takes varying lengths of time, depending on the nominee: the gap between the previous net dividend payment (4 August) and the tax refund was over six weeks (19 September) on my wife's ISA account.
grahamburn
19/1/2012
12:22
Thanks guys. I will wait and see. The Britsh Land website has exemption forms on its website for 1) Beneficial Owners and 2) Intermediaries. I presume that as the holdings are in a nominee account they need only complete one form.
specuvestor
19/1/2012
09:17
Yes, I hold mine in Selftrade and in August the reclaimed tax came 14 days after the dividend.
stemis
Chat Pages: 59  58  57  56  55  54  53  52  51  50  49  48  Older
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