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 -0.61% 2,276.00 2,274.00 2,278.00 2,280.00 2,236.00 2,240.00 88,788 11:24:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 294.0 104.7 107.2 21.2 1,968

Victrex Share Discussion Threads

Showing 76 to 98 of 600 messages
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DateSubjectAuthorDiscuss
31/7/2003
09:57
This seems like the place for a bit of advice on CGT deferals. I managed to make quite a sizable CGT in 2000 which the tax man has just managed to let me know about, after deciding to look into my afairs from that year and adjusting my gains. My accountant is trying to see if they will allow me to defer the Gain as I'v only just found out that I had it, if that makes sense. Thing is that I'v managed to make quite a sizable pot of CGT losses on shares over the last couple of years. So on to the point, I'm hoping to defer my Gains, then as soon as possible cash in, make the Gain, but offset it against some of my losses that I'v accumulated. Questions are: 1) Does this sound as if it will work? 2) Are VCT's the best way of doing this? 3) How long will I need to have held the VTC's before I cash in? 4) Will the VCT's have to be 'New Issue' VCT's 5) What problems do you envisage (maybe liquidity?)
newtech
19/7/2003
09:27
Ive noticed many buy backs, mostly small quantities, so it must be a recognised feature. Has anybody bought any that they can particularly reccomend, or are happy with. What divi tax free payouts have been distributed, and is that in line with what the glossy brocure promised ?
currypasty
08/7/2003
20:57
thanks for that timbo, ill view all vct buy backs in a different light now youve explained why they come about! and yes, i to hope that it doesnt happen to you. heres to your good health!
rambutan2
08/7/2003
18:49
Ive recently noticed several VCT's have been buying back their own shares for cancellation. Not sure if its just started, or ive only just noticed.
currypasty
04/7/2003
15:31
so, pick the one with the greatest chance of getting biggest dividends, and hold till they are exhausted. In three years from now, the stockmarket should be looking better... shouldnt it ?
currypasty
03/7/2003
20:22
Rambutan You could say that a great deal of investments in any any of the main London indices have been pretty rubbish in the last 5-6 years, however, feast your eyes on this one (GENERALIST FUNDS STARTED IN TAX YEARS 97/98 AND 98/99) http://www.taxshelterreport.co.uk/vct_performance.htm#1 Given that HMG was giving you 60% of your total investment, I reckon that's a fairly good return vs the market, don't you? >>>Curry: after they've dished out the divis they often come back to the market with a new issue, there is no obligation to reinvest
timbo003
03/7/2003
20:07
trouble is, the very great majority of vcts have proved to be pretty rubbish at paying out their special divis, but pretty good at seeing their unlisted investments shrink or be written off.
rambutan2
03/7/2003
20:06
thanks tim, being self employed, i see tax as an unwelcome bill twice a year, to be avoided if at all possible. Its probably different for people on PAYE, its just another deduction, but a bill... yuk Selling VCT's.. what does eventually happen to them, if you dont sell?
currypasty
03/7/2003
20:02
VS I'm assuming that potential investors are in position such that they will owe HMG £600 if you dont invest in VCT, in that respect my statement is valid Madgooner The trick is to wait for the (tax free) special divis, which hopefully exceed the value of your original investment
timbo003
03/7/2003
19:49
..and isn't £400 of the £600 merely a deferral?
madgooner
03/7/2003
19:48
timbo003 "If HMG is stupid enough to give you £600 for every £400 you invest, its a deal not to be missed" not quite right. You only get £600 back if you first invest £1000. If the government really was to give you £600 for investing £400 one suspects there would be a very long queue....
vs
03/7/2003
19:31
there only seems to be half a dozen or so open vcts on bestinvest.. is that right, very little to choose from ? If (for example only), you make 40k Captial gain, and end up paying 16k tax on it, do you have to invest 40k in a VCT, to defer the 16k tax (ie not pay it, but maybee pay it in the future), and also get a queque back from HMG of £8k... ie you get your 40k investment for 16k? After the three years, you sell, and re-crystalise the 40k, but its a new tax year, and you knock off your CGT allowance (say 8k), and pay tax on 32?
currypasty
03/7/2003
19:24
Rambutan I'm not sure that I agree. If HMG is stupid enough to give you £600 for every £400 you invest, its a deal not to be missed, especially if in a few years time, stock markets have recovered and the companies in which VCTs are invested are either floating or getting bought out. You then enjoy those luvveerly special tax free divis, if it doesnt happen and markets remain flat, you can content yourself with the 2-3% tax free annual divis, which equate to 5-7% tax free annual divis if you take into account HMG 60% free gift. Having said that, if potential investors only have the patience of a gnat (like the majority of the more vociferous posters on ADVFN), VTCs should be avoided. they are very, very illiquid!
timbo003
03/7/2003
19:11
curry, at this moment in time ie low equity valuations, you might be better off just paying the tax and then be free to invest wherever you fancy? what you lose in tax you then have the opp to make up using your investment skills, which may be better than being stuck in a non-performing tax avoidance vehicle. such vehicles know that their chief object is tax avoidance and not investment performance, and that once theyve got you then you wont want to get out. of course, i dont know the amount of tax you will have to cough up, but dont let it dominate your thinking. if you buy a stock which then doubles, then i imagine you will have already made back your tax? etc etc
rambutan2
03/7/2003
18:33
from bestinvest.. "VCT Tax Reliefs Subscriptions for new shares in VCTs attract an Income Tax rebate of 20%. In addition it is possible to defer Capital Gains Tax due on any gain made in the period from 12 months prior to 12 months after the date of the share allotment. The shares must be held for three years. Dividends paid by VCTs are not liable to any tax and any capital gain on selling the shares is not liable to CGT. These 'ISA type' reliefs apply to purchases of existing VCT shares as well as on subscriptions for new shares"
currypasty
02/7/2003
19:28
rambutan Absolutely, you dont have to declare your divis irrespective of whether you buy at issue or in the secondary market Having said that, you are far better off buying new issues with 20% income tax relief (for 40% tax payers) and capital gains deferral I currently own shares in three VCTs, all purchased as new issues Phoenix PHX Northern 2 NVT Pennine Aim PAV A good tip if you buy a new issue is to phone up Allenbridge http://www.taxshelterreport.co.uk/ and say that you have received the VCT brochure (from another source) and then offer to split the sellers comission with them, 50/50. I got a £78 refund from Allenbridge by putting them down as agents on the form at the end of last tax year, that was based on VCT purchases of £6K. Luvverly jubberly
timbo003
02/7/2003
19:17
Try the best invest site for any tax queries and a list of all the current offers. I used best invest to purchase my Unicorn aim vct and qualified for a nice discount as well as the tax benefits. http://www.bestinvest.com/vcts/FMPro?-db=webprices.fp5&-lay=newiss_info&-format=vct.htm&offer_open=y&fund_type=vct&-sortfield=invname&-sortorder=ascending&-find p s there is also a past performance table which may be of interest.
sinso
02/7/2003
18:40
i know that if buying in the secondary mkt you still get the benefit of no tax on the divs ie the capital gains of the trust. but not the other tax plays.
rambutan2
02/7/2003
18:07
Curry, let's take it outside the VCT thread. Mail me at "from-curry@suave.demon.co.uk", and we can talk...
edmundss
02/7/2003
17:54
when it comes to tax all im an expert in is unused capital losses! so not much use there. however, ive watched the vcts over the last few years and have to report that most of them are best left untouched. terrible write downs/offs suffered as they were launched during boom times. also, liquidity is usually fairly disastrous. that said, i keep an eye on advent (adv), northern venture trust (nvt), the above-mentioned oxford tech (oxt), of the aim stuff, artemis (aav) has john dodd as manager and unicorn has peter webb as manager, while bioscience (bvp) might do very well in the longer term. but i would much rather put my money into a vdc on a big discount.
rambutan2
02/7/2003
16:37
ed... tell me more vs, you would hope that stumping up a sqid today, they might not lose quite as much as 42%. Is there a list of Trusts you can pick from that are currently open. Ive checked through trustnet, and can only find 5 on there that both give performance data, and are open. Ive just got a prospectus from T&G aim vct, but havent got a clue how to judge them. How can you research the product ?
currypasty
02/7/2003
16:30
I can confirm EdmundSS's posts. You qualify for tax relief only if you stump up £1.00 for British Smaller Tech Cos 2 during an offer period. When you buy the shares you may also receive free warrants which allow you to subscribe for more shares (at some future date, at a fixed price). If you buy in the secondary market (current buy price 52p), you do not get any reliefs (I read once that dividends on VCT shares bought in the secondary market were tax free but have been unable to verify this). I must own up to buying a few of these to shelter gains during the good old days of 2000-2001. I received 20% income tax relief and 40% CGT relief so don't feel too gutted that the VCT shares are down 58% (mid price).
vs
02/7/2003
16:23
I know some decent offshore accountants, if you want to shelter future gains...
edmundss
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