Member Info for Bonz1957

Yes, pretty much. You would receive £1,493.10 and there would be no tax to pay immediately. You will have the choice to receive the cash as a div which would be added to your Income for the year, or as a return of capital which would be added to your total Gains for the year. Your personal tax situation will dictate which is the most tax efficient option for you - Income Tax or CGT - and, depending on the highest rate of Income Tax you pay and what other Gains you have made in the year, you may have no tax to pay at all on the cash. After the Special div has been paid and the sp falls by a corresponding amount, there will be a share consolidation which will have the effect of reducing the number of shares you hold while also increasing the sp to where it was before. You will hold fewer shares but at the same price - exactly the same as selling that part of your holding to realise the same value as the Special div - and your overall share of the (smaller) company remains the same. ATB.

No-one who buys in now will gain anything from the 73p Special Div. All that is going to happen is that they will get some of their money back next June, i.e. 73p will be returned by way of the Special div and their shares will be worth 73p less - with the consolidation having the effect of keeping the sp the same but with a reduced number of shares. So, if you have £10k of SL prior to the Special div, then the value of the consolidated shares and the Special div you receive in cash will also equal £10k - give or take a £1 or two. There will be no gain. Effectively you are selling around 18% of your holding and they are returning the money to you as a Special div. No different to buying the same reduced number of shares after the div and consolidation and keeping the rest as cash. ATB.

Thank you for your very kind words, I am glad someone was paying attention. ATB.

Then I'm guessing you must have originally bought OEC1, whereas I was unlucky enough to purchase OEC3 and 4, and only inherit 1 when they all merged. '06 was not the best time to get into VCT's with what was lurking just around the corner. If I was to sell at today's price I doubt I would break even - even taking into account the upfront tax saving - at the end of the day my money would have been better off tucked away in a B/soc. I can only hope that the financial situation improves along with that of it's core holdings and that OEC1 continues to pay divs without the sp dwindling by a similar amount. ATB.

Due to Octopus Eclipse VCT announcing that the buyback policy of the Company will be changing so that shares will be bought at a 5% discount to the prevailing net asset value - previously 10%. ATB

Millybland is an absolute t w 4 t. Next he'll be wanting a law that says when the price of crude falls by 50% that the price of petrol must also fall by 50%, without realising that 70% of the cost of a litre is Tax and Vat - great vote winner but won't do much for his coffers. Bland/Balls - the dream team.....ROFL!! ATB.

I think that depends on the sp on Mon 12th when the Conversion Ratio and Purchase Price are announced. So unless there is a large rise on the day we should get more than we would have done earlier in the week. ATB.

Why? Because I've just topped up, I couldn't resist them under 460p and don't always get my timing right. Only time will tell if this was a smart move or throwing good money after bad. ATB.

You will be eligible for the bonus shares only if you submitted an Online Application and elected to hold your Shares through the Saga Shareholder Account or Saga Share Direct. The prospectus stated: "Eligible Customers who acquire Shares under the Customer Offer and Eligible Employees who acquire Shares under the Employee Offer and hold them for a continuous period of one year following Admission will be eligible to receive at the end of that one year period one Free Share for every twenty Shares acquired in the Customer Offer or the Employee Offer (as applicable) and still retained, subject to certain conditions." There is no mention of having to stay as a customer for the year,but you will not be eligible if you bought through a broker, or have since transferred them to a broker or into an ISA. ATB.

Quickly back up to 350p despite the reported fall in members. ATB.

No-one will be able to answer your question because no-one knows. If it was that easy we would all be millionaires!!! You will only know when the best time was after the event, when the sp rises and you can see where the bottom was - the skill is in trying to buy as close to the bottom as you can. Do as much research as you can, keeping an eye on world markets, the oil price, current affairs, the weather, charts, press comment and BG's announcements. Then, like the rest of us, you will have to back your own judgement and hit the 'buy' button, maybe you will get it right, maybe you won't - that is the art of investing. The more research you do the better informed your decision will be, do not listen to others who claim to know the answers because they cannot know what will happen tomorrow, none of us can see into the future!! ATB.

You should be aware that not every share rises on a day when the FTSE is up, or falls on a day when it is down. Plus shares fluctuate during the day with Saga only ending up down 0.2p or 0.13% on the day. Despite the FTSE rising 30 points today 20% of all sharers were down, many by far more than Saga. Todays early fall could simply have been MM's dropping the sp to trigger peoples sell limits in order to buy them cheaply to fill a large buy order. ATB.

For once I seem to have got my timing right and am back in profit - just. Onwards and upwards. Though the doom-mongers seem to have gone very quiet, maybe they are regretting missing an opportunity to make a quick profit - +30% in a week!!! Obviously they are not as smart as they think they are!!!! ATB.

Not looking like sinking to 220ish any time soon, hope you didn't open a short based on your bold predictions. If you had bought in when you made that comment you would now be sitting on a nice 25% profit!! My top up around 320p bringing my av down to just over 405p is beginning to look like a stroke of genius - and I'm not known for getting the timing right with most of my deals. ATB.

Solid first half with total sales growth of 2.6% Underlying profit before tax of £6.7m, up by 123.3% Profit before tax up from £1.9m to £6.7m, an increase of 252.6% Commenting on the results, Wilf Walsh, Chief Executive, said: "I am pleased to report that the Group grew profits during the first half, with an encouraging increase in UK like-for-like sales, a return to underlying profit in the Rest of Europe and a net cash position at the end of the period. Having made a solid start to the year, we now expect full year underlying pre-tax profits to be towards the upper end of current market expectations." Top of the share risers table for the 2nd day running - maybe there is life in this share yet. ATB.

Think you will find the Interim Results are due on Monday 15/12. ATB.

Top of the share risers table. ATB.

If you are married you can have a joint account as well as one each in single names with Santander as we do, that way you can have £60k on Instant Access earning 3%. ATB.

The Capital Return plan paid 75p in '13 and 70p this July with 95p due in July'15, but does vary from year to year. The revised plan then pays 10p in '16, 110p in '17, 10p in '18, 110p in '19, 115p in '20 and 25p in '21, making £6.20 in total. Though they reserve the right to increase the amounts paid in '16 and '18, and decrease the amount to be paid in '21 if they are able to pay the full £6.20 earlier than expected. http://corporate.persimmonhomes.com/investors/shareholder-information/capital-return-plan As this is a Capital Return they give shareholders the choice of opting to receive these payments as either a B share: Capital Return (Subject to CGT) or as a C share: Dividend (subject to Income Tax). That way you are able to choose the option that is the most tax efficient. Agree with you that because it is not a normal dividend and not included in the Dividend or Yield figures on this site then it could lead people who do not do full research into thinking this is not such an attractive share. A similar situation exists with MCB which shows 0p as a div, but does in fact pay one via a B share redemption - I am sure there are others. When the Capital Return plan was first announced on 28/2/12 the sp stood at 627p, today at 1613p it is almost £10 more!! Not a bad return in less than 3 years. ATB.

Is there no end to this rise? This has been on a steep upward trend for the last 3 years - from 470p on 30/12/11. Today saw another strong day for house builders after UK Finance Minister Osborne on Wed replaced the current stamp duty slab system with an incremental tax system. Maybe we will see Goldman Sachs target sp of 2008p sooner rather than later. ATB.