Mears Share Discussion Threads

[phillis] 31/8/2006 11:21

When even the FD sells......

[michaelmcandrew] 28/8/2006 12:44

Re : 640

I tried to buy in my ISA with HSBC - same result = not allowed to be held in an ISA

[cantata] 27/8/2006 19:25

I've held these for some time as a long-term play, aiming for 400p+ in 2007 and took my eye off the ball for a while. Any fundamental reason why the share price has dipped from over 300 this year - other than general jitters in the market?

[psyko] 23/8/2006 12:44

Does anyone know if these shares can be held in an ISA I bought yesterday but Natwest think they can't they seem to think the dual listing in Frankfurt and Berlin aren't recognised exchanges per the revenues rules

Thanks in anticipation

[ben gunn] 09/8/2006 15:23

Trouble at mill....I see support at 166p.....cripes!

[mistertibbs] 29/6/2006 19:27

Also suggested by a chartist in shares magazine it should find support for mer at 197p. I don't use charts and would not discount what you say. However, I'm more interested in the facts and the update on 7th June based on facts gives me more confidence than a chart based on assumptions. Only my opinion

[yf23_1] 27/6/2006 19:31

left shoulder early 2005

[yf23_1] 27/6/2006 19:29

head and shoulders

[yf23_1] 27/6/2006 15:47

Shareprice looks trapped to me. The intra-day sell -off in early june makes 280p a resistance point so at 270p the reward to risk was just not there.
There is now significant risk of breaking support at 255p and heading to 220p to start the formation of a long term H&S.
All IMO of course !

[newby to all this] 27/6/2006 09:10

Is all the above why we are seeing a big drop today?

[phillis] 27/6/2006 08:43

Clear now that Bob Holt's timing in his sale of stock was impeccable

[mdrans1] 19/6/2006 20:35

YF23_1 Thanks, comments noted. Looking forward to the IC explanation. Surely the IR will have to cough up a definitive answer.

[yf23_1] 19/6/2006 18:23

Well, its not only Berlin, for SBE its Munich, Xetra, Frankfurt and according to Barclays France (which I cant find).
I bet if I go to the tax office they wont have a clue or..

..if I found a tenner on the floor and asked "Is this yours ?", of course theyll so "Oh yes, of course".

[clausentum] 19/6/2006 16:52

from IC:

"We have had many phone calls on the feature and the issue of Aim shares
which qualify for tax breaks and we will be writing a piece in this
week's issue pointing out that our tables, which were sourced from
Bloomberg and Perfect Information, included companies which have been
involuntarily and unofficially listed on Berlin.
The writer of the piece understood that the tables did not include any
shares which are merely traded on foreign exchanges but for some reason
shares available through Berlin were not screened out. He was also
assured by a statement from the Inland Revenue that it recognised every
exchange in Germany.

We were aware that errors could have crept into the article and
therefore included a rare warning in the piece that the tables should
not be relied upon and further checks should be made regarding the
status of individual companies.

We are now in the process of revising our Aim article tables and
producing a definitive list of dual-listed companies. We wrote the
article in the first place to satisfy those readers who have asked us
regularly for lists of shares that do qualify for inheritance tax relief
but in the process seem to have tripped up on Berlin.

I apologise again for the confusion but can assure you that we do not
wish to mislead and will be updating readers in this week's issue."

[yf23_1] 19/6/2006 13:28

All - about CGT - read my comments on SBE thread Friday - I contacted IC and am waiting for them to phone me back I think they got it wrong !



mdtrans1 - I have another angle on the dual listing - any AIM stock whether dual listed or not is eligible. Check out my comments.

[mdrans1] 19/6/2006 13:23

From the IC website :-

"The full list
We are now attempting to update our tables of the Aim shares we consider to be safe, and the Aim shares that have an official dual listing which makers them ineligible for tax relief for one reason or another.

Please note: The information in our original tables was obtained from various sources, including Perfect Analysis and Bloomberg. Investors Chronicle believed this information to be reliable, but we accept that it may not have differentiated between 'officially listed' and 'traded' companies. Given the confusing nature of this tax legislation, investors are strongly advised not to rely only on our tables and to check the status of any company separately with their own tax adviser or tax office before investing. Managed Aim portfolio services are available from some brokers."

[cambium] 19/6/2006 12:37

IC has screwed up big time, read the recent ACE thread.

[clausentum] 19/6/2006 12:35

At present it is generally accepted that CGT is 10% after 2 years for a 40% tax payer and 5.5% for a standard tax payer, and this is a major reason for 40% tax payers buying AIM stocks such as Mears, as well as the IHT implications.
I have heard from the finance director of another AIm company on the list that he is unaware his company has a dual listing, maybe IC has screwed up big time with this story!
The problem with using ISA is the size. I would have thought that most people investing an ISA size amount would have not exceeded their capital gains tax free allowance each year.

[mdrans1] 17/6/2006 21:28

Clausentum

As I read the IC, CGT is 10% after 2 years on qualifying AIM shares. The good news is that if Mears is dual listed, you should be able to hold them in an ISA and pay no CGT from day one. The bad news is you will have to sell them first if they are not already held in an ISA. The worst news of all is that if they are dual listed they are not exempt from inheritance tax.

[clausentum] 17/6/2006 17:00

Investors Chronicle said that Mears Group has a dual listing and so it is not eligible for the AIM CGT tax break of paying CGT on only 25% of your profit after 2 years. Is this really true? AIM shares have been promoted as low tax and IC claims only 10% of the AIM companies are actually eligible.

[mistertibbs] 15/6/2006 11:04

A wee article from my local about a local getting purchased by mer you may/may not have come across

[mistertibbs] 08/6/2006 19:19

I toped up today but suggest probably a bit early, what with this summer weather as it is and the world cup and wimbledon and these stormy markets, I fear it's a BIT TOO EARLY.Still, doesn't mean I can't come back for more another day.

[hosede] 08/6/2006 12:00

failed to break the previous high - guess that's not surprising in these markets, but means it will probably drift back down. But this is one of the GREAT defensive stocks (IMO) and its just a question of when to top up - the trouble is its climbed relentlessly in the past and there are no major support levels to give any guidance.

[mistertibbs] 07/6/2006 22:20

Nice agm statement. What a poor share price response. Still, good for the old soul, and pocket