Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Speaking about flying pigs what would happen if the proposal was voted down ?
There's buy the rumour and sell the fact but the rumour has to have some kind of basis
And there goes another pink pig flying past.I will run naked around my local store in Hatfield if this ever happened.Wearing a mask of course
Has anyone else heard a whisper that Walmart got rid of Asda , to look at the possibility of taking over Tesco ?
Leas
Snap :-)
Got this back from share plan about saye scheme if anyone is interested
Thank you for your email
I can certainly advise you about the share consolidation in relation to your SAYE 2015 5Y scheme which matured 01-Feb-2021.
The Special Dividend and Share Consolidation do not apply to any SAYE scheme(s). Therefore, your SAYE scheme(s) will still allow you to buy the same number of shares and at the same option price of £1.51, regardless of when you make the instruction.
With regard to the SAYE 2015 5Y scheme specifically which matured on 1 February 2021, you will be eligible to receive the Special Dividend on the shares you buy at the SAYE option price if: (i) you enter your maturity instruction to “buy shares to keep or transfer” before 6 p.m. (UK time) on 5 February 2021; and (ii) you do not sell the shares before 5 p.m. on 12 February 2021. The Share Consolidation will also be applied to these shares.
If however you: (i) enter an instruction to “buy shares to sell” before the cut-off times shown above; (ii) enter any type of maturity instruction after these cut-off times; or (iii) sell your shares before 5 p.m. 12 February 2021 where you have entered your maturity instruction to “buy shares to keep or transfer” before the cut-off dates, you will not be eligible to receive the Special Dividend on the shares you buy at the SAYE option price and the Share Consolidation will also not be applied to these shares. This is because you will not hold the shares at 5pm on 12 February 2021, the Record Date.
I hope this helps you today. Please get back in contact if you need anything further.
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Rosewall
No worries the other bb is my alter ego. Take any of my comments on there with a large pinch of salt. It’s my guilty pleasure until travel restrictions are lifted and I can get out of the UK. ;)
Hi Leas,
Don't worry about it. This was posted on the wrong board, I thought we were in the other place where other things are discussed. I will leave this board for TSCO.
Rosewell
I have never denied or stated that the money doesn’t have to be paid back. All I’m saying is that it will not be overnight and all at once. Not sure if the point you’re trying to make.
Leas
Someone has to pay for the pandemic. I would prefer those more wealthy than the poorer suffering 50 years of austerity (the timescale that the Westminster government has said it would take). A combination of high inflation, higher taxes on earned and unearned income and much shorter term austerity will avoid / ameliorate the Great Reset.
Seems like the only gainers from this, are the brokers, with their sell and buy charges, and the taxman, don't think it will make much difference to me as I hold it in a Sipp, or will it ?
Seems all you posters after the rns were right...it's anchored in the 2.40 range like a carnival cruise ship in a pandemic
Sure :-
https://www.which.co.uk/news/2020/11/four-major-capital-gains-tax-changes-the-chancellor-is-considering/
I suspect now that more and more of us are trading shares because of awful returns on savings, then this seems entirely logical. It's nasty because we have already paid tax on the money when we earnt it and matters could be compounded by also cutting the ISA/Pension allowances too. Of course, if you have a final salary pension - no worries at all.
Furthermore, IF it does happen, it won't go away - a bit like vehicle tax that rises every year and when they lose out on that, they raise the idea of rod pricing.
Hopefully and I really do hope that wealth taxes are not introduced - that would take a fortune from us indeed.
More I think about it, difficult it becomes to make a decision. I did some calculations and looking at the scenario where the share price remains more or less the same after consolidation, dividend-tax won’t leave me enough to buy back to increase my shares to the original level. In fact, it will be way fewer shares. If the price increases after consolidation, the no of shares I could purchase with dividend leftover will be even less. The price therefore has to come down considerably to make it back to the original level. I am leaning a little towards unloading the shares before the 11th and look at reinvesting later; in Tesco or elsewhere or a combo of the two.
80% reduction of CGT. Can you post a link to that rumour? If that was true then it would take billions out of the market and the economy. The very last thing the Chancellor would want to do.
Of course tax rises are inevitable but not so draconian and at once. They will be phased in in-line with any recovery.
Hi Reader61, thanks for raising some excellent points....I am sure that these comments will be very useful to many others out there in the same predicament as us. I hadnt even thought about potential budget changes, but what you say makes perfect sense, the government has to claw back the money somehow. As you say it is a minefield and I feel that whatever I do will be wrong when I look at it with hindsight!!
Of course the SP wont dive after consolidation - that's the whole point of the consolidation - to keep the SP the same. Lockdowns , best online supermarket and staycations will keep this doing well ... plus some fairly chunky normal divvies this year.
Good to see SP threaten 250p again today.
Sorry Spindler but can't agree that the SP will drop after consolidation. Those that hold the stock for the SD will continue to hold the stock post consolidation, with the hope that the SP continues to climb. Otherwise there's no point on holding the stock at consolidation.GLA
Eye_Wink - some additional thoughts for you, as I am in the same position although a lower tax band one.
1. Speculation is the CGT tax free amount will be reduced significantly from the £12,300 currently enjoyed (rumour £2,000). CGT rates of Tax may also be aligned with income tax for the next tax year, thus 20/40/45% depending on your marginal rate vs the current 10/20% for basic/High rate payers.
If you sold now and made a CGT loss (you said your underwater on shares presently), I'm reasonably certain that loss can be carried forward into the next tax years (not sure how many years you can do so but believe it's multi year). The benefit being it should mitigate any future CGT gains from profitable sales of other shares/assets (property etc). Of course, this only applies if you become profitable on your folio of shares/assets and then you will be offsetting profits against a potential 40% future tax rate. It might be useful for example if you were to sell TSCO now and then buy back to avoid the dividend tax/share consolidation and to speculate on future gains in the shares.
2. If you take the dividend, your tax rates are either 7.5/32.5/38.1% once you exceed the £2K allowance. Again, it's highly likely these rates will be increased to align with income tax so you may be paying 40% in future on dividends rather than your 32.5% from this tax year.
3. Can you put any more contribution into your pension, eg if you moved the TSCO shares into your SIPP (or were to set one up)I think you avoid all tax until income is taken. You will of course pay tax on the income but by then you may be earning less and currently there is the 25% tax free lump sum which may also be under threat though?
So, it's a minefield and the tax situation is just speculation until the budget. Personally, as I can't move any more into ISA/SIPP this year, I'm going to take the 7.5% dividend tax rather than sell my TSCO which are currently profitable and would reduce my rather sad CGT loss position carried forwards from previous years.
Dunno if any of that helps/makes sense?
I like Tesco as a company and I want to still be invested but not getting in again yet...if the share price dives by the SD amount after ex div that takes it back to 200p...and with the share consolidation they are relying on the market to reprice the shares reduced share float back to around the 2.40+ range at least....does the SD and consolidation happen separately with a lag or simultaneously ? . If there is any sense in the world once Sd out of the way the way should be clear for the broker estimates to come to be ..I do see these being worth 300p or more NOW if it wasn't for SD & consolidation. ...but certainly once Sd etc over with....if Mr Market cooperates
Like others, it's the tax situation I'm not happy with in my trading account but for my ISA and SIPP holdings I'll be re-investing the divs.
I recently increased my holdings into my ISA and SIPP which are long term, and top sliced my trading account holdings today and invested elsewhere, for a better overall return I hope elsewhere, even if the SP runs up more to ex-div, IMO 260.
Spindler, in just over a week that wont apply and maybe they will start to climb up to the 300p range. Less shares in issue. EPS looking better and lockdown continuing towards Easter.
News from Kantar saying TSCO had maintained it's market share of 27.3% whilst Asda declines. You could argue that the sp of all supermarkets will decline as more restrictions get lifted going forward. However, there has been no big uplift in the MC's of the big four during the last 12 months so you would nit expect to see profit taking.
Not denying TSCO is a bit of a plod but in these uncertain times investors will look to a defensive stock whose earnings cover the yield. I do think £3 is a real possibility.
I'm just waiting now for sbry to overtake the tsco sp and tsco is the better company
These would be north of 300p if not for this SD and consolidation.
Gunner22
Vital to get some fingers in other pies.
It makes sense.
Over long periods of time individual companies , even apparently strong ones ,can fade away or even disappear.
Find the original FTSE 100 list to confirm.
Keeping by your eggs in one basket is an unnecessary risk. This is especially true when you have built up a significant holding which will be important to you later in life.
My opinion only of course but I think it will be a widely held one!