Member Info for adv11

The information seems to have come from, quote, Reading the 'runes' -
I'll get the Tarot cards out.

I'll wait and see what RoyC thinks..... oh, he appears to have been put off the "lively discussions of LSE".

Next time you are on Lloyds @seen_it, just give it a try. It's a new requirement that all these charges are now shown. Seems to be any company that has a KID. GSF pay some fees to a management/advisory company, so I guess these are the charges that are shown. Paid by the company, not the shareholder, but comes out of the value of your shareholding.
K - did you ask HL where that 2 percent comes from, where it is actually shown in your accounts ?

I know that last year GSF made the dividend announcement early because they had another fund raiser at the same time. This year they got the fund raiser done beforehand, so now they have all those new shareholders to pay as well. I had seen something to say the dividend announcement and final results would be together early July, but I can't find it now. May have been part of the PB offer.
I'm fairly confident it will just be the 1p. They have always promised 7p a year with any excess going towards increasing the share price.
Afraid I don't do funds K - I used to with HL but have never even looked at them with I-web. Surely HL's charges (other than dealing) say that there is no charge for shares in a share account and a 0.45% charge for ISA's, up to £45 max ?
I've just done a dummy buy on GSF - and it has the same type of charges - you should get the same with Lloyds @seen it ?
Dealing Commission 0.43835% £5.00* IWeb Share Dealing
Stamp Duty 0.49533% £5.65* UK government
PTM Levy 0% £0.00* Panel on Takeovers and Mergers
Initial Charge 0% £0.00* GSF - GORE STREET ENERGY ORD GBP0.01
Ongoing Charge 0.89598% £10.22** GSF - GORE STREET ENERGY ORD GBP0.01
Transaction Cost 0.17534% £2.00** GSF - GORE STREET ENERGY ORD GBP0.01
Incidental Fee 0% £0.00** GSF - GORE STREET ENERGY ORD GBP0.01
Total 2.005% £22.87

It certainly wouldn't be the first time HL got something wrong. I topped up on Civitas today - similar list of charges, but apart from the £5 dealing, it is Civitas that pay their management. Costs me as a shareholder in the company, but not directly.

This is probably the best thing to read -
https://www.theaic.co.uk/guide-to-investment-companies/choosing-an-investment-company/costs
Internal costs (ie management fees) are paid out of the assets of an investment company.
External costs are what we pay individually - dealing charges, stamp duty.
This is all the fault of the introduction of KIDs where all charges have to be shown.
As for platform charges and any annual account fees, I-web don't charge them.

Quote - In addition to the charges for buying and selling investment trust shares, you pay an annual management fee and other ongoing administration costs. These costs are normally offset by the income a trust receives from its investments, and the difference is distributed to the trust’s shareholders as its dividends.

I am afraid I still disagree. I may be wrong of course. Nothing is ever taken from me personally, it comes from the trust or fund.
Yes I get a quarterly statement, I also spend an awful long time on lots of spreadsheets tracking my investments and dividends each day, so I know where every penny has gone. If I were paying these charges, I would be quite a lot down.
In the statement there is listed the charges that each investment manager has charged, which is an estimate - but it says this -
These charges are not paid to IWeb Share Dealing. They are taken from the value of your holdings by the
Investment Manager and are retained by them.
The way in which managers work out and apply their charges can vary, and will be different from the way we
have estimated them. If you would like to know the exact amounts you have paid you should contact each
Investment Manager. We have estimated these charges using data from the Investment Manager of each fund or trust you held from 06/01/2020 to 05/01/2021, and the value of your holding at the start of each month. We don't include
months where you did not hold the fund or trust at the start of each month, or changes in the value of your
holding during a month.

I know seen_it, confused the hell out of me when I first saw it. They don't make things easy for us - especially HL. I left them when they introduced their fee for closing accounts, which I believe they did away with after so many people complained. Much better with I-web, even if they poor on customer service.

Have a read of the KID. There is a performance fee as well, but that is also paid by the company to the management, Cheyne I presume, although these charges will of course affect NAV.

Am I wrong in thinking the fees just come out of the overall capital of the company you invest in ?
I am with I-web, which will exactly the same as seen_it gets with Lloyds I believe. I was with both HL and Halifax, but found that I got exactly the same service as Halifax/Lloyds with I-web for much less fees. I had to pay £25 to open an account, then it is just £5 a trade, nothing else. The £25 varies up to £200 depending on how busy they are.
So, when I invest in a lot of companies like RECI I get a page that includes all the fees - £5 dealing etc , - I'll see if I can copy it - this is for 500 shares
Your costs and charges
This shows the charges for your investment of £735.00
Charges Percentage Amount Who to
Dealing Commission 0.68027% £5.00* IWeb Share Dealing
Stamp Duty 0% £0.00* UK government
PTM Levy 0% £0.00* Panel on Takeovers and Mergers
Initial Charge 0% £0.00* RECI - REAL EST CREDIT ORD NPV
Ongoing Charge 2.43401% £17.89** RECI - REAL EST CREDIT ORD NPV
Transaction Cost 0% £0.00* RECI - REAL EST CREDIT ORD NPV
Incidental Fee 0.4966% £3.65** RECI - REAL EST CREDIT ORD NPV
Total 3.61088% £26.54

So I pay £5 dealing, no stamp duty, and, as far as I know, all the rest is just what the company pays to the management etc. Never seen any charges taken from dividend or my account.

Hi Hulvard - not sure if you realise, we are actually talking about the REIT situation where tax is taken off before you get the dividend unless it is in an ISA (or SIPP). It's difficult to explain, this does a decent job -
https://www.sharesmagazine.co.uk/article/reducing-dividend-tax-the-reit-way

https://www.lseg.com/markets-products-and-services/our-markets/london-stock-exchange/real-estate-hub/reits-london-stock-exchange

Yes I have been in RECI almost 3 years. Some people avoid credit companies as too risky, but RECI seems to have a diversified portfolio and has never let me down with dividends. Was 172p when I first bought, but have added down to 102p, and average is now 138p. My favourite in this sector is VSL. You can almost get 10 percent yield buying at the moment. It's a bit of a mystery company. constantly buying it's own stock, and directors also own a lot. I've always suspected they will eventually take the company private. Again I have been in three years and the dividend has always been 2p per quarter.
As for ALAI, I might be lucky to get out with any profit, I'll have to keep a watch and maybe sell out before ex-dividend.

I would have had a top up today had we been getting close to a 2p dividend, but will wait for now. Sold out of Edinburgh Trust this morning because it is so long to the next dividend and they are talking of reducing. Topped up RECI, and keeping some cash for now. Also tried to sell out of LXI when I saw the PBid offer, but couldn't sell for the first ten minutes by which time the price had dropped. I had a nice profit there, should have seen it coming.
I can't see the point of using PBid for REIT offers when you would then have to pay to get them in an ISA. Will also probably sell out of ALAI after ex-divi as they too are cutting dividend after next months.

Good for us long term holders to get a fresh viewpoint, surprised you broke through the cobwebs.

Thanks again Redtom - this is what annoys me - with I-web it shows as 0% tax charged, which is because they receive the dividend from Computershare purely as 70 percent of the declared dividend, ie no mention of what Computershare actually do with the 30 percent they withhold. We established that this only happens with DEC/DGOC because it is a US company listed on the London Stock Exchange, and W8-BEN can't be used in this case (although it works with brokers not owned by banks) ie the old anomaly I keep mentioning. Computershare won't communicate with retail investors.
Good to communicate with someone sensible (although I don't actually read this board much as it full of those people who usually stick to AIM ramping).
As for dustin - actually I did block you long ago - for some reason I temporary saw your posts. Sorry about that, don't really want to upset you, although even my cat doesn't like you, and he usually likes everyone unless they smell of wet dogs.

The thing you need to ask yourself Ezio is what is happening to the other 30 percent. If you are paying it to the US Government in withholding tax, you would get a receipt for that, it would show on your dividend receipt. So who is pocketing it ? Computershare I would guess.
It's a rat trap, and you've been caught !

Hey it's my old friend Duster in mong - afraid I can't understand your post, you should learn a bit of the Queens English before you post on a grown up board. You won't ever bother me pal because adv11 doesn't exist. Just like dusterinmong doesn't exist. Who is really the saddo ? By the way the price is down again. I must be doing a good job.

Thrash me crash me, Beat me till I fall.
I wanna be a victim, For you all
Oh bondage up yours,
Oh bondage no more.
Oh bondage up yours
Oh bondage no more
Source: Musixmatch
Songwriters: Marian Elliott

Thanks Red Tom.

awe, Jim has run off home for his tea. No one to play with no more.