Spirax Share Discussion Threads

[broadwood] 24/8/2011 06:47

FTSE 250 company Spirax-Sarco Engineering is a solid business that, unusually for an engineering group, proves relatively resilient in a downturn, writes the Questor team in the Telegraph. Spirax has a hugely diverse customer base, spanning breweries to oil refineries, paper mills and dairies. The company has grown sales by an average 9pc a year over the past 25 years – even the tougher past five years it has managed an average 8pc a year. It is a hugely cash generative business, and has held or increased its dividend for the past 44 years. With that track record, the shares look cheap on 12.5 times next year's earnings, particularly for a company that beats its peers in a downturn. A strong buy, says Questor.

[jussyman] 10/8/2011 12:15

topgun answers above..only see scottie around nowadays out of that lot but as u can see day is still around too

[daytraders] 10/8/2011 12:11

Topgun - here , craig aka corvus posts there now lately also.

[jojo] 10/8/2011 11:47

Excuse me nosing in!


Liked post 39483 lol

[topgunns] 10/8/2011 11:43

Hey Jussyman

Which thread are you boys on now? Where is the delightful craig? and Andy? And Scottie etc?

[daytraders] 10/8/2011 10:51

hi topgun, no need to say hi to you jussy as i see you daily on other thread :), anyway, in fact when that fed news first came out, the market did infact drop alot first, im still not sure the rise was all about the fed news.

[jussyman] 10/8/2011 06:56

hello topgun

[topgunns] 09/8/2011 19:57

In case any of you didn't understand the Fed statement, they said:

1 We are going to enter a deflationary depression

2 There is going to be a short term slowdown and the economy will be rubbish for at least two years

3 The economy is already in recession

4 Everything we have done for the last few years has been a waste of time and we are now out of bullets.

5 It's all over

[slowandsteady] 08/6/2011 08:24

ExDiv today.

S

[slowandsteady] 29/3/2011 14:49

APAD,

If you make enough profit so that you would have paid CGT if your stocks weren't in an ISA i.e. £10,100 in one year. You then return to the UK within 5 years of making that profit - then you would be liable to pay CGT even though it's in an ISA.

That's my interpretation, but if you're unsure I'd contact HMRC.

S

[apad] 29/3/2011 14:39

SS are you saying that shares bought and sold within the 5 years will not incur CGT if you don't return within 5 years?
Not that I intend to sell SPX ever but I have had so many shares stolen from me by takeovers.
BTW I pay tax on share dividends in the UK AND in Jersey!
apad

[slowandsteady] 29/3/2011 12:00

In case anyone else is interested in ISA accounts with a non-UK address, here is what I've found out from HMRC.

You can have an ISA if you live outside the UK, but you are not allowed to pay extra funds into it.
As long as you stay out of the country for more than 5 years then there is no CGT on any profits.
There are a number of companies that don't allow you – but that's just their own rules.
There are a number of companies that have misunderstood the rules – SelfTrade.
There are a very few companies that allow it – Alliance Trust (thanks APAD) being the one I liked the best.

Regards,
S

[apad] 28/3/2011 14:19

Alliance Trust
I moved to Jersey and the change of address went through without a hitch.
apad

[apad] 28/3/2011 14:19

Alliance Trust
I moved to Jersey and the change of address went through without a hitch.
apad

[slowandsteady] 28/3/2011 13:50

Hello,

Does anyone know of a Share Dealing ISA that I can have without a UK address?
I'm moving to New Zealand soon and Interactive Investor (iii) don't let you keep their ISA.

HMRC do allow you to have one but you can't pay new funds into it.

Apologies for the off topic and if you've seen this message on another BB but I've added it to all my active stocks.

Thanks,
S

[nellie1973] 09/3/2011 15:03

Tipped in press as a hold.

[maurillac] 09/3/2011 11:30

i havent traded it but i can see that it may work at the moment ! im just surprised to see it the wrong side of £20 now.
m

[arja] 09/3/2011 11:24

starting to recover and remains a good day trading stock to help reduce cost of core holding . Low volume helps in that regard ironically !

[maurillac] 08/3/2011 16:14

yes arja i understand your comments - just a bit disappointing though to see the share price lower than last nights close !

[arja] 08/3/2011 15:57

but bad overall market today and results need to beat expectation sby a wide morgin to perform on such a day . Chart still looks good and this stock is likely to do well in foreseeable future .

[maurillac] 08/3/2011 15:03

thanks for that nellie. so a great set of results and brokers targets upgrades of £21.50 and £23.00 and the share price drops below last nights close ?? bizarre !
m

[nellie1973] 08/3/2011 13:40

broker upgrade

[spob] 08/3/2011 10:59

spx thread with charts