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 126 to 148 of 600 messages
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DateSubjectAuthorDiscuss
14/1/2004
21:43
or me ...lol To be honest i wouldnt mind the unlimited contributions to a pension bit. At the moment I feel I am 'victimised' as some of my incomes are not eligable for net relevant earnings.
currypasty
14/1/2004
21:17
If they do abolish CGT deferral for VCTs and they allow unlimited contributions into pensions next tax year (as seems likely), I will just ensure that I become an ordinary rate tax payer (by contributing circa £40K to my pension fund next year) and then I will only have to pay capital gains at the lower rate next year. I will never, never pay Gordon Brown 40% CGT, it's iniquitous! Excessive tax is for other people, it's not me!
timbo003
14/1/2004
21:07
Looks like we have a few new VCT options coming up this tax tear: http://www.taxshelterreport.co.uk/vct_openfunds.htm I'm currently toying with the idea of going absolutely bananas on VCTs this year (£50K). After all, it may be the last opportunity to defer CGT in these mega tax efficient investments.
timbo003
03/1/2004
19:03
It's probably worth recording what was actually said/written by the Chancellor/Treasury in November about proposed changes to the VCT and EIS schemes. Here's the link: http://www.hm-treasury.gov.uk/media//9A0EC/pbr03chap3_197.pdf I've copied the relevant bits below 3.41 Following this consultation, the Government is also bringing forward proposals to target structural factors that contribute to volatility in fundraising for VCTs. In particular, the balance of respondents supported a move towards enhanced income tax relief under the scheme. The Government is in favour of a less cyclically sensitive set of incentives for investors. Subject to discussion with industry, it will consider withdrawing, from 6 April 2004, the current capital gains tax relief for investments in VCTs, and replacing it with an enhancement, of equivalent value, to the incentives to invest through income tax relief. 3.42 The Government is also mindful of the recent relative weakness of the VCT market and intends, subject to discussion with the industry, to provide a temporary stimulus to VCT fundraising for two years. The Government's favoured option is a temporary increase in the effective rate of income tax relief from 20 per cent to 40 per cent, with the value of the additional 20 per cent relief paid directly to the VCT rather than the investor. The expected cost of such a temporary measure would be in the region of £50 million per year, with further details to be provided in Budget 2004. 3.43 Subject to discussion with the industry, the Government intends to raise to £200,000 the annual investment limit for VCTs from 6 April 2004. It also plans to raise to £200,000 the threshold for income tax benefits under the EIS, which has not experienced weakness in fundraising to the same extent as VCTs.
timbo003
03/1/2004
18:31
A0002577 Many thanks for the link, it looks good! Last year I negotiated with Allenbridge and we agreed that we would split their comission 50/50 The Britishtaxpayer site seems to go one better, i.e. circa 66% to the applicant, circa 33% to the adviser. I will buy through them this year. My current realised capital gains are around £18K for this tax year, I will almost certainly take this higher (£30K minimum, possibly up to £60K, I haven't decided yet) as this looks like it may be the last year that we will be able to defer CGT through VCTs, the income tax break will be most welcome too.
timbo003
31/12/2003
09:22
Well done - the link is http://www.britishtaxpayers.co.uk/index.asp and then select Special Offers. I gather there is a new Close Brothers issue coming up so you can ask them when it is coming. However don't forget that despite the much vaunted 40% roll over more often it is much less than that as you would be paying much less tax on unlisted assets and share sales that you have had for some time. The rollover could be as little as 10%. Check with your advisor as to what tax you are paying and then make a decision as to whether to take 40% income tax relief next year or 20% IT relief this year and whatever rollover relief you are entititled to. Good luck Incidentally I rolled over this years gains into a Close Bros vct earlier
a0002577
30/12/2003
23:52
A0002577 you said Assume you will buy through BritishTaxPayers as commission gets rebated by them Can you illucidate further please, it sounds very interesting i.e. is purchase commission free? If so, could you provide a link please Thanks in advance PS: I have quite a serious CGT problem looming for this tax year, I may need to defer as much as £30K
timbo003
29/12/2003
09:02
timbo - are you sure its wise to even contemplate these - have you done well previously? I think that only the Close brothers VCTs are probably the only ones to look at - the 60% tax saving is certainly worth while but when you sell you still have to pay the gains (unless your sales are below the 7.5K limit) Why not consider buying Guinnes Flight in the market - probably better value than a new one. Assume you will buy through BritishTaxPayers as commission gets rebated by them
a0002577
28/12/2003
19:53
It's time to start thinking about which VCTs to invest in for the current tax year in order to shelter those hard won capital gains (this will probably be the last tax year where we can avoid CGT with VCTs) I will probably invest around £10K (before April 2004), split roughly equally between the three listed below, all of them are quoted, so I have provided links to the ADVFN quotes pages and also links to the prospectus for each company. Baronsmead 4 top up, epic BAV BWD AIM VCT Small top up, epic BNS Quester 5 top up, epic QUV BAV  download prospectus BNS  download prospectus QUV  download prospectus I have a feeling that the generalist funds (which include a large chunk of unquoted companies) may outperform the AIM funds for the next year or so. Any thoughts?
timbo003
15/12/2003
09:03
TomRob - Are you sure that wind up isn't in 2004? Enterprise? As to EIS's - I do invest in these BUT not the ones advertised. Some groups of small investors take in outside 'angels' and you can participate. On the whole I have not done well out of these but they do pay dividends (when they make money) and they cannot usually be quoted except on AIM or OFEX. Can't you just take your CGT allowance and then re-invest the rest in either a Close Bros VCT or Unicorn? You probably have 12 months to do this.
a0002577
14/12/2003
20:24
Tom If you are talking about 2005, I think your only option is EIS companies, I have no idea whether they pay divis though, are they even quoted?
timbo003
14/12/2003
20:06
Agreed my reading precisely however my interest in VCT's was (almost) entirely predicated on the cgt deferral I hold shares in 6 from the part realisation of an asset which has the other half scheduled to be cashed in in 2005. Any suggestions for an good income bearing investment which I can make without losing 40% of the cash I'm due to take in now that this option has been closed? Regards, tom
tomrob
13/12/2003
20:41
A0002577 Yes, I read that too My reading of this is as follows: if you are a 40% tax payer and you invest £10K post tax income (next tax year), you will get a £2K rebate and HMG will then give £2K to the VCT (credited to you), thus effectively you will have invested £8K of your own (post tax income) and you will have bought VCT shares with a net asset value of £12K (minus comission)
timbo003
13/12/2003
19:56
The FT today has an article which indicates that you will still only get 20% tax relief and that the other 20% goes directly to the VCT and is in effect an extra slice in there for your money. i.e. you get 120 pence for your 95 pence (net of charges) subscription.
a0002577
13/12/2003
10:32
sinso - had a look at Unicorn : Yes they have done better than most BUT they have a lot still to invest and are trying to raise another £20 million. Nav is better than most so is definitely one to watch. Could look to buy in the after market if they do dip as very often you can buy them there more cheaply that new shares. Will put them on my watch list. Thanks for the info
a0002577
13/12/2003
10:19
Historically, very few VCTs have proved to be good investments - so with tax relief effectively reduced from 60% to 40% - and that dependent on actually earning substantial sums of money, there doesn't seem to be much point in investing in new ones. Culpability Brown has actually screwed up this form of investment - particularly by removing the tax credits when he first came to office. sinso - will have a look at Unicorn
a0002577
13/12/2003
09:20
For all those looking for a vct investment, Unicorn AIM VCT (The best performing vct since its begining run by Peter Webb will be issuing more shares soon). p.s thanks for that Tim that is very interesting.
sinso
13/12/2003
09:00
Thanks for that tim, it looks like with £37bn defecit, Gordon will be looking at every angle to screw few more beans out of us. I would tax borrowing...lol
currypasty
13/12/2003
06:12
Just found out a bit more on this at the Allenbridge site: http://www.taxshelterreport.co.uk/webpack/bin/webpack.exe/livebase?object=LiveBase1&itemurn=244&mode=wbFullItem Looks like you will still be able to use EIS companies for Capital Gains deferral, I'm not so keen on those though.
timbo003
13/12/2003
06:00
I see that the tax breaks for VCTs are about to change from next April Bit of curate's egg this one. Brilliant if you are a 40% tax payer without a CGT liability, not so good if you are a 40% tax payer with a big CGT liability Better make sure we crystallise all of those capital gains and reinvest in VCTs before April then. After next April, 40% tax payers will effectively be able to get themselves out of the 40% income tax bracket by buying enough VCT to get them under the 40% threshold (I shall be doing this needless to say) http://business.timesonline.co.uk/article/0,,8214-929616,00.html Investment City workers celebrating the return of the bonus were handed an ideal low-tax haven for their money. In his efforts to increase funding for fledgeling companies, Mr Brown handed a fillip to Britain's wealthiest individuals by increasing the tax breaks available to investors in venture capital trusts (VCTs). The rate of income tax relief available under the schemes - which enable people to invest indirectly in private companies while enjoying tax breaks, including a 40 per cent capital gains tax deferral - is to be raised, for a two-year period, from 20 per cent to 40 per cent. The limit for the income tax relief has also been raised from £100,000 to £200,000 in any one year. Enterprise investment schemes, which enable investors to put money directly into small companies while enjoying tax breaks, will have the same new limit. The changes to VCTs could prompt a renewed stampede into the schemes when the new measures are introduced in April 2004. But there is a catch. The Chancellor is also proposing to withdraw, from next April, the ability to defer liability for capital gains. The outcome, say experts, is that the schemes will not be so attractive for investors with less to put aside.
timbo003
28/10/2003
18:56
Anyone seen the Downing Healthcare proposals for a change in style ? Is so please pass comments on to this board - seems to me that there might well be a better option than the one they are proposing
a0002577
27/10/2003
11:58
CP - keep your eye on CPV and CVC. Looks to be a seller about. They are in the close period and so they will have to drop - probably. CPV is being changed by the board to behave more like CVC and good value could emerge there over the next year or so. Current NAV is in excess of 80 pence so if it drops to 60 or below then would be good value. CPV need to drop below 100 to make it (very) good value. Have a suspicion that GFV is preparing for a buyback when results are announced (probably this week) so could soon see a sharp move upwards.
a0002577
24/10/2003
09:38
Ill be watching.. thanks for your opinions
currypasty
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