Share Name Share Symbol Market Type Share ISIN Share Description
Victrex Plc LSE:VCT London Ordinary Share GB0009292243 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  14.00 0.58% 2,428.00 2,428.00 2,430.00 2,434.00 2,410.00 2,434.00 161,562 16:35:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 294.0 104.7 107.2 22.6 2,099

Victrex Share Discussion Threads

Showing 51 to 72 of 600 messages
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DateSubjectAuthorDiscuss
02/7/2003
15:36
It certainly used to be the case that the CGT deferral only applied to new VCT subscriptions, and not to VCT shares purchased in the secondary market. See http://www.inlandrevenue.gov.uk/news/budgetreleases/revbn1b.doc , at the bottom of the 4th page. The original 5 year minimum was dropped to 3 years (top of 1st page), but I think the "new ordinary shares" bit has been retained. Best to confirm with a tax accountant...
edmundss
02/7/2003
15:15
ram.. im not sure, hence the new thread, and 'cry' for help. I have capital gains from sale of property already crystalised, and potential gain from others not yet completed. I hope buying in the secondary market is OK, as it seems that the ones running fell quite markedly from issue. It would be nice to buy into something with a large discount to NAV, where the shareprice has done its falling, and is looking to recover, within the next 3 years.
currypasty
02/7/2003
14:42
a very nice return... http://www.uk-wire.com/cgi-bin/articles/200307021510330806N.html
rambutan2
02/7/2003
14:39
curry, do you need to get the full benefits ie by buying in at the issue, or is buying on the secondary mkt fine for you?
rambutan2
02/7/2003
13:54
What are the rules on VCT acceptable businesses for gaining tax relief ? Can they be applied to single one deal type projects on a rolling basis, or does each business have to be a going concern. Clearly within this remit, the cash remains within the VCT for 3 years regardless of project life expectancy in order to get tax relief
madushg
02/7/2003
12:46
...20% Income tax relief on subscriptions up to £100k per person per year, providing vct held 3 years. ...up to 40% CGT deferral when re-investing realised capital gain of up to 100k into vct shares, 1year before / 1 year after gain. ...tax free dividends and capital distribution. ...CGT exemption on disposal of VCT share after 3 years. What an ideal vehicle to take advantage of tax breaks, at a point when market is low, and VCT trusts are also running at a big discount to their NAV's. A nobrainer ? note... budget 04, tax status changed, 40% income releif, no CGT.. see EIS for CGT releif http://www.advfn.com/cmn/fbb/thread.php3?id=6075735
currypasty
11/2/2003
11:26
looking not too bad all things considered... LONDON (AFX) - Victrex PLC said the increased sales noted in its full year results have been sustained into the first half, and if current rates continue sales volume for the six months to March will be 700 tonnes, up from 557 and 648 tonnes, respectively, for the first and second halves of last year. Chairman Peter Warry told shareholders at the Annual General Meeting that while the current economic climate is uncertain, the group remains confident in the underlying robustness and growth potential of the business. As a result, it is increasing investment in sales and marketing and product research and development with particular areas of focus being Asia-Pacific, where it sees significant growth potential, increased globalisation of sales channels and faster development of new products and applications.
rambutan2
10/12/2002
17:00
http://www.tax-shelter-report.co.uk/
analyst
10/12/2002
13:50
If you want to get in right on the groundfloor then contact these guys who do IPO's..... tons of tax breaks there http://www.acorncapital.co.uk/splash_flash.html
fse
10/12/2002
11:08
FSE Used to own quite a few of these a couple of years back.. Looking for the VCT tax breaks so don't think PDT qualify now, pleae let me know if I am wrong as would happily invest in them Parrett
parrett
10/12/2002
10:36
Suggest you look at Prelude trust PDT... there is a thread running on them on this BB. They are trading at a massive discount to NAV which seems very pessimistic for a company with such a fine line up of investments , a lot of which are close to real commercial potential.
fse
10/12/2002
07:52
I received some literature on Phoenix VCT ) ex Old Mutual Smaller Companies manager apparently -does anyone know anything about them or any other VCTs that you can recommend Thanks Parrett
parrett
12/4/2002
20:21
Sinso, As I see it what you are proposing is entirely possible - but VCT's don't seem to do much buying back in reality; it's primarily a service to estate executors I suspect. The most investor-friendly manager I know of is Isis who manage Baronsmead; it could be worthwhile calling their investor relations man - Michael Probin - and ask him a few hypothetical questions. As I said in post 1, EIS through OFEX would seem a better bet in some respects. Bear in mind that you can defer gains up to 3 years old here - in the current climate that could be very attractive to folk who chose/had to pay lots of CGT in the tech boom. Careful Company choice is key to this approach, of course. Guess you also need to look very carefully at all the regulations surrounding this - for example, there is one around having to be eligible for income tax relief before CGT deferral is granted, if I remember correctly. Good luck and DYOR. tightfist.
tightfist
12/4/2002
05:46
Thankyou tightfist. I didn`t make it that clear regarding the question in hindsight. The main question was can i invest in a VCT in say year1 (defer CGT) and then sell in year2 (b4 the 3 year hold period) to enable me to crystalize the defered gain in year2 despite me having not held the VCT for 3 years. I hope this makes more sense than above. You have kindly answered that VCT`s do occssionally buyback. Thanks Andy p.s I am changing my accountant at the moment as i seem to know more about iy than him.
sinso
11/4/2002
21:30
Sinso, Don't fully understand the questions so won't attempt to answer, but ....the rules on use of losses carried forward changed last year, so be careful. It could be possible to move gains forward across years using VCT's or EIS's. Most VCT's seem to buy back infrequently at around 5% discount to NAV as a policy, but I suspect it is not yet universal practice. I would suggest that an OFEX-based EIS is a better prospect for such a manoeuvre, but remember there are often no guarantees on getting an OFEX quote - I think Actus has got problems over that. So further funding rounds such as Disperse (currently) or Printing.com are "safer". As always DYOR - or get an accountant ! tightfist
tightfist
11/4/2002
19:51
I have a specific question re tax implications in relation to VCt`s and tax deferal. 1). Buy VCT in tax year 2001/02 to qualify to defer cgt from previous 12 months but fall in tax year 2000/01 and qualify for income tax relief. 2) Net losses in tax year 2001/02 which will be carried forward to 2002/03. 3) Sell enough VCT shares in 2002/03 to equal carried forward loss in 2001/02 (obviously income tax relief would be lost). Does anyone know whether VCT companies are willing to buy back shares directly without having to go through the market maker and not affect price.i.e through cross trades. Using the above i would be able to effectively move the gain from 2000/01 to 2002/03. Any info would be gratefully accepted.
sinso
11/4/2002
19:50
I have a specific question re tax implications in relation to VCt`s and tax deferal. 1). Buy VCT in tax year 2001/02 to qualify to defer cgt from previous 12 months but fall in tax year 2000/01 and qualify for income tax relief. 2) Net losses in tax year 2001/02 which will be carried forward to 2002/03. 3) Sell enough VCT shares in 2002/03 to equal carried forward loss in 2001/02 (obviously income tax relief would be lost). Does anyone know whether VCT companies are willing to buy back shares directly without having to go through the market maker and not affect price.i.e through cross trades. Using the above i would be able to effectively move the gain from 2000/01 to 2002/03. Any info would be gratefully accepted.
sinso
26/3/2002
12:25
Thinker - you are probably right. The tax perks are likely to reduce investors' sensitivity to costs. All VCTs seem to charge pretty similar fees, and they are a tad above where you'd expect them to be. Of course, we'll forgive them if they perform - but won't know that for 5-10 years... I guess a start would be to have comparator information easily available - why not name names (and costs)? The tax perks do enable a few "smoke and mirror" tricks. Received a flyer today from Yorkshire Fund Managers re: British Smaller tech Cos VCT. They claimed 16% per annum cash return on the average VCT since launch "substantially in excess of the 2.x%pa dividend from the FTSE. Now, how the heck have they arrived at that figure? They've taken the aggregate of dividends and distributed capital (4% p.a.), inflated it proportionate to the income tax and CGT perks (-->10%p.a.) and then inflated again, giving the return that you would need as a 40% tax-payer to achieve a 10% return (16.8%p.a.). Hmmmm. They have neglected the fact that most VCTs now stand at a discount to the launch price, and share prices at a discount to NAV. The return actually due to the manager's skill (I use this term broadly) is therefore rather less than 4% p.a. in most cases. Tax Efficient Review (www.taxefficientreview.com) have calculated annual rates of return for each trust, without the above tweaks. In tha case of British Smaller Companies, the IRR is stated as -1.67% p.a. since launch in 95/96. My strategy has been to diversify between several VCTs each year, most with a pedigree and/or managers with substantial personal commitment. This year I've subscribed to Unicorn - apparently pick of the AIM bunch Quester - quality technology-biased non-AIM Baronsmead - quality generalist non-AIM Northern - quality generalist non-AIM Oxford Tech - more speculative, very early stage, seed-corn stuff
spin doctor
25/3/2002
23:45
Personally, I've gone for Unicorn this year. Considered Artemis and could have split but, what the heck. There's certainly a lot of cheap stocks out there and I'm hoping Peter Webb and his team can find some bargains.
njp
25/3/2002
22:00
I've now got a chunk of my 1999/00 Capital Gains carefully deferred in VCTs. (Northern, Artemis and Baronsmead) One thing that has struck me though, looking at the performance of these trusts, is the relatively high cost of running the VCTs. On one of mine, with a £30m portfolio, it costs them getting on for 3% of portfolio per year to run the business. While investing in private equity is more expensive than investing in the stock market, I'm concerned that we tax avoiders are being over-charged by the fund managers. Does anyone else share this view? I'm staring to lobby the directors of the business to address this issue and would be interested if others felt the same as me.
thinker
08/3/2002
15:26
chart looks like this is stock is recovering - any thoughts anyone
velvetide
20/1/2002
22:57
Spin Doctor, I too hold a fair spread of VCT's. Quester and Baronsmead are my favourites - I haven't looked at total return for a while - must update my calcs. It will be interesting to see which/ALL? EIS's get covered in TER. The Allenbridge coverage was very selective - I'd rather get into Companies that don't need to pay a trail commission to shift their shares!. On limited data the Loeb Aaron promotees look good - there was an article in IC on OFEX floats a few months ago. It's worth remembering that if an EIS fails, any loss is deductible against CGT OR Income Tax as I understand the rules; that limits the total loss to 48% maximum of the initial investment. Hopefully we will get a few more comments on these interesting longer term investments from other bb'ers. Let's keep in touch. tightfist
tightfist
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