Versarien Share Discussion Threads

[haz101] 07/10/2018 11:58

I recently gifted 20k to my wife’s trading account then bed and ISA to also avoid the possibility of future CGT

[pandeck] 07/10/2018 11:49

Kemorkid, at the risk of winding up Mike, I have just done similar for my 3 daughters but from my trading a/c to reduce the impact at a later date.My ISA and Sipp are loaded. Checking with my accountant, although I have said they are gifts he assures me that the tax man will say I've 'sold' them so I take a CGT hit. They have gone into 3 daughters trading accounts and then bed and ISA'd. At the moment this was done they realised a capital gain but this was offset by the annual CGT allowance of £11,700 each. They will each have to pay a small amount of CGT 'cos this share didn't want to go down!

[luckyorange] 07/10/2018 11:48

Right , a cornerstone investor takes 60% or more in a placing, but are they still active buying anything under the 1.80?

Could be PI's but the share price is being maintained at the current level with the larger late reported trades ?

Think we will be on the edge of our seats this coming week after NR's comments on the MOU.

[kemorkid] 07/10/2018 11:41

And much more thankfully Haz
So it does concern VRS mike !

[haz101] 07/10/2018 11:36

chill mike, kemor maybe made the 20k on VRS 😂

[kemorkid] 07/10/2018 11:21

Thanks 🙏🏼

[mikebrenner] 07/10/2018 11:20

Can you just use google and stop clogging up this board with off topic posts like this?! The answer is no income tax and potentially inheritance tax if you die within 7 years

[dgduncan] 07/10/2018 11:18

RTJ - great minds and all that - I am just a bit slower nowadays :)

[johnveals] 07/10/2018 11:18

I don’t think there is any advantage in taking from one ISA to put in another as ISAs can be passed on free of tax and don’t count towards IHT. If anyone thinks this is incorrect please shout out.

[dgduncan] 07/10/2018 11:17

Kemorkid - I think your daughter would not have a problem from HMRC as it is a gift from you. Problem would be if you did not hang around on this earth for 7 years to make the gift fully free of inheritance tax.

[runthejoules] 07/10/2018 11:03

Kemorkid, if you do that, just don't die for 7 years or she'll have to pay iht on it. (Tapering).

Also you can give your kids £1k per year tax free as a gift, I understand.

I think you could try it as a bed & isa but probably you'll just have to sell & rebuy so maybe try to time it using L2.

Nai dyor!

[grabster] 07/10/2018 10:47

Thanks laginaneil. I see there is another Bruce Packard article, that superg1 might nod to:

[kemorkid] 07/10/2018 10:44

Advice please !

My daughter works 31 k per annum
If I put 20 k from profits of my Isa
Into a new ISA for her is there any tax implications for her ie tax man says where
you get that money honey ??

KK

[johnveals] 07/10/2018 10:00

No that was me. A Eurofox would be a nice option but not in the same league as a Carbon Cub. The side by side seating would be more sociable though.

Shavian, remember to transfer up to the LTA into drawdown and take the maximum out at standard rate of tax before age 75. That 55% tax rate would hurt.

CS, yes, it does make you think.

[shavian] 07/10/2018 09:23

Thanks Axotyl. From Wapping to my iPad via the Kenyan bush in milliseconds. I never stop wondering at the marvels of modern science, about to be transformed anew by the wonders of graphene.

A bit disappointed that Ian Cowie did not have time to digest what he learned from NR this week, but hopefully it’s worth waiting another week for a positive article. Next weekend will be complicated by NR at the NGA Graphene Expo in Austin Texas, so quite a lot to look forward to.

Ian’s article reminds me to get more VRS shifted from my SIPP to My family’s ISAs before the share price goes absolutely ballistic. The SIPP’s value has quintupled already much to my astonishment and absolute delight, but I need to get more of those shares shifted before the share price doubles again which would put me over the LTA allowance and into 55% tax on withdrawals. The rest of it I’ll leave to the kids who’ll be able to get at it at their own tax rates. Sadly I won’t be around to enjoy their good fortune!

[laginaneil] 07/10/2018 09:03

Hello All,
I found this article of interest:



He does talk at the end about the IPO he analysed being the VRS 'copper foam era'
and it would be interesting to see a document from the VRS 'Graphene era' analysed.

It does show more people are watching our growth story as evidenced by the fantastic uptake in the primary bid.

An RNS next week may give the journalist some 'real' meat to talk about next sunday!

[club sandwich] 07/10/2018 08:57

Thank you for posting. The only interesting thing for me is that he bought Fever Tree for £2-odd 3 years ago and has just sold it for £30-odd. Doubtless when he bought there were the usual suspects - beats/shorters - talking that company down too, just as with VRS.If a company selling - admittedly excellent - soft drinks can do that in 3 years, what could a company do which has the potential to transform almost everything we see and touch every day?

[axotyl] 07/10/2018 08:31

Not sure if the solar panel will allow an upload from the sticks in Kenya, but the drone will have to take its turn:

Ian Cowie: My hot investment tip: a cottage by the sea and a beautiful boat (S-Times, 7oct18)

I’ve sold my most profitable stock — and the only person happier about it than I am is the taxman. Let me explain why . . .


Save
Personal finance is “personal̶1; first and “finance”; second, which is what makes it interesting. It is also why individual investors’ decisions do not always march in step with the rest of the market. For example, I have just sold nearly half my Fever-Tree stock — my favourite, most profitable and most valuable shareholding — and taken five-figure gains from each of my top 10 holdings.

This generated six-figure lump sums in my self-invested personal pension (Sipp) and another account that, together, comprise most of my “forever fund”.

For the first time since I saved up to buy a bicycle, when I was only recently out of short trousers, 13% of my net wealth is sitting in cash. It’s a funny feeling for a long-term enthusiast about stock market investment.

No, this is not another bout of vertigo about lofty valuations after the longest period of rising share prices on record.

Rather, it is motivated by the absolute certainty that only cash can provide in the very short term.

This has become our priority since Sue, my wife, spotted a seaside cottage that seems to match what we have been seeking for years. At the risk of provoking her wrath — and that of my feminist colleagues — I do sometimes wonder if the capitalist system would grind to a halt without women’s acquisitive urges.

Not that I am complaining. It was Sue who found the north London house we have lived in for 21 years — and we will never regret snapping up one of the last Georgian wrecks in Highgate. Sue also found the classic wooden sailing boat we bought a decade ago, just before the credit crisis made such spending seem extravagant. I never regretted that either and continue to believe a bad day on the water beats a good day in the office.

So Sue has form in spotting bargains or ingenious ways to spend the money I drone on about accumulating here. Only a fool argues with his wife and thus, within 48 hours of her waking me up to share her latest nocturnal online discovery, we were down on the coast walking around the property.

The next morning, we offered the asking price and are now moving toward exchange of contracts. I don’t want to say more at this stage, for fear of jinxing the deal, but this strategic personal finance switch from saving to spending as I enter my seventh decade raises several issues. First, serious savers had better beware that there are substantial tax consequences when we draw down income and gains from our pensions. As my colleague Kate Palmer revealed last Sunday, HM Revenue & Customs collected a record £13.5bn in tax from retirement funds in 2016-17.

From a personal point of view, the bad news is that I took the maximum 25% tax-free lump sums from my Sipp several years ago, so all my withdrawals from this part of the forever fund are now subject to income tax at nominal rates up to 45%.

The good news is that most of those tax-free lump sums were reinvested in a fund and share account that, although it is fully exposed to HMRC’s grasp, allows profits of up to £11,700 to be taken tax-free this year. All gains beyond that are subject to capital gains tax (CGT) at 20%.

Perhaps we should be grateful for small mercies. The current CGT rate looks historically generous at less than half the top rate of income tax. However, it remains vulnerable to being increased at a stroke of the chancellor’s pen, perhaps in the next budget on October 29.

Second, the lifetime allowance for pension funds — another fiscal punishment for serious savers and successful investors — is currently set at £1.03m. Although no one with a big pension can expect much sympathy, any surplus above that threshold can be subject to punitive tax at 55% on reaching age 75 or death or other “crystallisation events”.

Even after selling a chunk of Fever-Tree at £36.52 per share on Monday, the tonic maker remains my most valuable holding, largely because I invested at £2.11 less than three years ago. It closed at £32.17 on Friday, which just goes to show it’s never too soon to take a profit.

The rest of my current top 10 are, in descending order: Boeing, Royal Dutch Shell, Apple, the Japanese smaller companies investment trust Baillie Gifford Shin Nippon, McDonald’s, the mobile phone payments system Boku, Adidas, the household goods giant Unilever and the tractor maker John Deere.

I am not sure whether to be sad or glad to report that an estimated 900,000 people now have pension pots worth about the same as the lifetime allowance — because they look set to suffer the 55% tax charge. That dismal prospect provides a compelling reason to consider avoidance action now.

It also raises the fundamental point that one of the best reasons to save is to be able to spend later and enjoy the choices that money can enable. This isn’t the sort of thing they teach you at school, which is why so many editorial colleagues over the years seemed to think they were being terribly witty telling me, “Pensions are boring.”

Sometimes I would say: “Not really, I enjoy sailing around in part of my pension.” Soon, with luck, Sue and I will also have a Victorian cottage with a splendid sea view, all thanks to saving and investing effectively. How boring is that?

You can be sure of Shell: to ease troubled portfolios
The surge in the price of oil, which last week topped $84 for the first time since 2014, will create winners and losers around the globe.

Despite the rise of solar, wind and other forms of renewable energy, oil is still the lifeblood of the industrial economy. Even as electric vehicles accelerate into the mainstream, oil remains vital for most cars and nearly all lorries, aircraft and ships — plus it provides the raw materials for plastics and much else.

So a high oil price is bad news for most businesses because it adds to costs and reduces profits. There is one significant exception to the above, though: oil companies.

The rocketing price of this commodity has helped to propel Royal Dutch Shell into my top 10 holdings by value. The shares are up 14% over the past six months. Any capital growth from a share that delivers dividend income of almost 5.3% is a welcome bonus.

There is no guarantee that any of those trends will continue, but American sanctions on Iran and political chaos in Venezuela look set to squeeze supply and pump prices higher.

Therefore, some exposure to oil looks a good way to diversify an investment portfolio and offset the risk of more expensive energy hurting most forms of economic activity.

Shrewd markets observer Darius McDermott, head of Chelsea Financial Services, favours the unit trust Guinness Global Energy as a less company-specific way to gain exposure.

Even so, I note that Shell was the first share bought by the world’s oldest investment trust, Foreign & Colonial, and it still holds the stock today.

Like Foreign & Colonial, I intend to follow that tried-and-tested City saying: never sell Shell.

[club sandwich] 07/10/2018 08:11

Thank you ;-)

[grabster] 07/10/2018 07:58

CS - I cannot re-access it without paying - I subscribed (free) for one look. It's in the 'Money' section not the 'Business' section.

IAN COWIE: PERSONAL ACCOUNT
Ian Cowie: My hot investment tip: a cottage by the sea and a beautiful boat
I’ve sold my most profitable stock — and the only person happier about it than I am is the taxman. Let me explain why . . .

Ian Cowie
October 7 2018, 12:01am,
The Sunday Times

The stock in which he reduced his holding, banking a good profit, is Fevertree. The rest is waffle about finding a cottage, and arguing that despite the rise of electric cars oil remains a winner for him. No current stock specific stuff.


Contains nothing relevant to Versarien, so no point pasting the whole thing here.

[club sandwich] 07/10/2018 07:43

grabster - so there *is* a piece in today's Times?

[grabster] 07/10/2018 07:20

Cowie's piece in today's paper says very little about anything except himself and his own retirement needs really. He doesn't go into detail beyond how his holdings affect him. A rather lazy space-filling chat. A yawn.

[ellissj] 07/10/2018 07:17

Just worth remembering this RNS re Geic partnership. Neills comments interesting. Geic opens December btw ! Aimo. Best ellis

"25 June 2018

Versarien plc

("Versarien" or the "Company")

Versarien joins the Graphene Engineering Innovation Centre

 Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that the Company has joined the newly established Graphene Engineering Innovation Centre ("GEIC") at the University of Manchester as a tier one member organisation.

 Following £60 million of funding, the GEIC is set to open later in 2018.  Alongside the Manchester based National Graphene Institute, the GEIC is intended to provide an unrivalled critical mass of graphene expertise, performing applied research to aid the commercialisation and manufacture of graphene, with applications applicable to industry.

 As part of its membership Versarien will join the GEIC Technology Advisory Board and the Company will have dedicated GEIC laboratory space and the ability to utilise the centre's facilities.  Other GEIC advisory panel partners include Airbus, Akzonobel, BAE Systems, BP, GKN Aerospace, Johnson & Johnson, Jaguar Land Rover, Siemens, Tata Steel and Thales.

 Neill Ricketts, CEO of Versarien, commented: "I am delighted that Versarien has joined the Graphene Engineering Innovation Centre as a tier one partner.

"Through the GEIC we will be able to access a world class facility and be at the heart of graphene developments.  We will also benefit from working alongside other GEIC corporate partners, enabling us to further advance the commercialisation of graphene."