Member Info for ICL1960

"At those levels surely renewables become insanely attractive...."

Assuming Donald Trump is all-in on oil, as in he wants to grab as much oil as he can. Obviously he wants everyone to use oil, and not the alternatives. That means renewables are a threat to his monopoly on energy.

What gets in his way, he bombs them out of existence.

Using his logic, because Iran poses a threat to the USA, it has to be neutralised.

Doesn't that mean, because we think he is going to bomb wind farms, we should take him out before he does it?

Crowd fund an assassination project: Agent Orange.

If you want Donald gone, vote with your cash.

Even if I limit the donation to $1 per visitor, I suspect we will have more money than we need.

Send John Wick.

How do you incentivise AI agents to say, I am acting for your best interest,

and maximise commission for the bottom line at the same time?

Are they going to say, you are better off with a Lifestrategy fund, because we charge more management fee?

Remember HAL9000 (2001: A SPACE ODYSSEY) became homicidal precisely because Richard Nixon gave it conflicting instructions.

I would love to see how St. James Place hack their AI to charge 4% commission.

4%? Why don't we murder the customers, and keep ALL the money?

It's only logical captain.

I just bought 12,000 LGEN.

Nosing around for an enhanced annuity, online quote, and Legal and General gave the best quote,

with Canada Life second.

An annuity is for life, not just for Christmas.

Getting a feel for the company, before handing them my SIPP.

It would be hilarious, if I can use the profit from buying LGEN, to buy an annuity from L&G.

I thought I was in bed with a boring librarian, who will iron my shirt, and put a good pie on for supper.

4% down and 4% up? Is ABDN a hooker on speed?

A steady rise to £2.50, promotion to FTSE 100, then a Tracker fund boost to £3, please.

None of that 4% non-sense. I'm in for a slow long comfortable s__w.

06-Feb-26 16:35:02 98.10 284,411 Buy* 279.01k UT

I assume it's a big buy order, hoovering up shares during the day.

It's a gamble, and there are three ways it can go.

1. Static stassis status quo.

2. Dividend drops, share price slips even further

3. Dividend rises by CPI, Share price rises to NAV..

Place your bets, before the wind changes.

I do wonder whether it's better to buy inside or outside an ISA.

If you think the share price could tank, you can buy outside an ISA,

to make use of the capital loss. In years where you slip into 40% tax,

it might help to pull you back to below the threshold.

I'm dipping my toe in the UKW pond.

It feels like a daily spin on the roulette wheel.

Except Roulette doesn't pay quarterly dividends.

Https://www.stockchallenge.co.uk/ftse.php

97 JMAT Johnson Matthey FTSE 250 2,358.00 3,950.7

98 DCC DCC FTSE 100 4,588.00 3,919.2

99 ABDN Aberdeen Group FTSE 250 217.00 3,880.4

100 CRDA Croda International FTSE 100 2,764.00 3,858.3

101 RMV Rightmove FTSE 100 507.00 3,853.2

But ABDN is still FTSE 250.

Last time I looked, it was 103rd.

Promotion into FTSE 100 will boost the share price, because the index trackers have to buy.

Speculators can push it over the edge, by buying in anticipation of the promotion.

The speculators will profit take once the promotion happens, so it might even fall out of FTSE 100, again

All we need is for the tipsters to mention ABDN, to nudge it over the edge.

"Inflation Hedge: Significant portion of revenue (60%) is inflation-linked."

"Year on year, growth in dividends per share remained flat while earnings per share excluding extraordinary items fell by -144.58%. Additionally, five year annualized dividend per share growth is in-line with the industry average relative to its peers."

I thought it smelt like the Feed In Tariff schemes that rent roofs for solar panels.

At least it explains the flagging share price, because inflation is down.

The National Grid upgrade to handle intermittent wind power is decades away,

so the government pays money to stop the wind farms producing electricity.

I have no qualms about taking tax payer's subsidy, but it looks like the wind subsidy had a good run, based on inflation linked government payments.

When the guarantees run out, the wind farms will have to operate at a profit on their own merits.

It all depends on how long you think the gravy train will keep running.

At the end, the dividend cover will drop, and the share price will tank.

Need to dump the stock before everybody else does.

Interestingly, you want to buy it outside an ISA, so you can use the capital loss.

Or am I just trying to drop the share price, so I can buy at 90p?

From Interactive Investor

https://www.ii.co.uk/investment-trusts/greencoat-uk-wind/LSE:UKW

blob:https://www.ii.co.uk/99f501d5-4f81-43ae-adf2-6f3b014402ef

Product costs (taken directly from your investment by the manufacturer)

If you still get 10% dividend, after the £159,99 annual charge, not bad.

I expect you were given the same documents about charges as I did.

With normal shares, Investdirect should have a Nominee's account, in which they hold shares on my behalf.

For example, I might have 1,000 LGEN shares, but there are 500,000 LGEN share in the Nominee account , pooled from all the Investdirect customers. Obviously it's all automated, with dividend distributed by the computer when they are paid out.

From the UKW charges document, it looks like it's a manual process, so adding and selling UKW shares is a chore separate from the Nominee Account. It looks like UKW maintains a Registrar system that is not computer friendly. To deal with that system, platforms like Investdirect and HL need to have trained staff to handle the admin. Somebody has to pay for maintaining your account on that Registrar system, so it's you.

The document illustrates a £10,000 investment in UKW would cost about £158.50 a year, or 1.59%.

So you buy 10,000 shares at £1 for £10,000. Assuming 10% annual dividend, you will receive £1,000, but they take away ~£158.50 in charges, per year.

Annoying, but if the share price goes back to £1.50, you will be laughing to the bank.

On the other hand, you could just buy some LGEN.

With Investdirect, you pay £10.50 dealing charge, plus stamp duty, and you could just leave it for years.

No custodian fee, they distribute the dividend for free.

Inside an ISA, tax free.

I sold some shares in a HSBC Investdirect S&S ISA, to get some cash ready to buy UKW.

I am confronted by the Key Facts document, and a cost and charges document.

There are on-going charges, which is annoying, but what the heck, try 10,000 shares.

UKW is SELL ONLY with Investdirect !!

I called Investdirect up, and the lady explains UKW Greencoat UK Wind PLC has been SELL ONLY for several months. She did confirm that I could have bought UKW through Investdirect some months ago.

Since other people here are able to buy UKW shares, I can only guess that Investdirect finds it fiddly to handle UKW admin. Maybe the on-going charges need manual intervention. So it looks like Investdirect is spring cleaning existing holders of UKW.

So, which platforms are still handling UKW?

Something strange here.

18-Dec-25 16:35:12 201.40 2,299,153 Buy* 5m UT

There was probably a big order in the background, hoovering up shares.

On lse.co.uk, buys and sells often show incorrectly.

Https://www.telegraph.co.uk/business/2025/11/07/uk-house-prices-interest-rates-ftse-100-markets-latest/

Is the Mello event an attempt to raise cash for TEN IT system Version 2.0, the AI upgrade? I would call it St. Christopher.

Try this pitch at Mello.

We are chasing the latest buzz word, AI, we were going to spend lots of money on replacing the minimum wage backpackers who don't know anything about anything, with a brand new speaking AI called St. Christopher: or Chris for short. We were quoted £500million for the project, but now the AI bubble has burst, we are confident we can get a cheap and cheerful Christopher working for £100million. Invest generously, we will be distribute your money amongst the directors for a much deserved funding effort.

The last buzz word was IT, now it's AI.

I am approaching pension age, so this stuff is close to my heart.

Just received a "Settlement Letter", stating how much of the Lump Sum Allowance (£268,275) I have used.

Plenty left from £268,275, and even if Rachel Reeves takes it down to £100,000, there is headroom for what I might use.

Annuity rates are around 8% right now.

If you give Legal and General £100k, they will promise to pay you £8k a year, for the rest of your life.

Level term, so in 30 years time, you still only get £8k a year.

Legal and General takes your £100k, and buys some Gilts (UK Treasury Bonds) to match the cashflow profile they will pay you. Because of the interest rate environment, Long duration Gilts are really cheap, which means the yield is high, which means Legal and General can offer you 8% annuity rates, which is very attractive.

In the last few days, long duration Gilts are climbing, which means the yield is reducing.

By the time I actually buy an annuity, Gilts yield could mean I get 5% annuity, instead of 8%, for the rest of my life!

This suggests that a lot of people near pension age should be jumping on the 8% annuity pronto.

Believe it or not, Legal and General gave the best quote for me, with Canada Life second.

What Rachel Reeves does, could end up herding annuity customers into life companies' corral.

I am just guessing, but the price of Long duration Gilts going up could be because life companies are buying them, pushing the price up. They have to buy them because pensioners are buying annuities, and releasing their 25% Tax Free Lump Sum before Rachel Reeves takes it away.

A bumper crop of annuity business should be good for Legal and General's bottom line.

I joined the party at around £2.35, so not bothered right now.

I am probably going to sell at £2.60, effectively taking the yearly dividend one year early.

Should really keep some cash ready, in case there's a crash.

10,000 shares of LGEN at £2.00, generating 10% dividend, now that's a keeper.

Inside an ISA, of course.

Theoretically, they should send any paper certificate on the day of dividend payment.

I suspect they will say they sent you a memo, which you never got, saying they don't send paper certificates any more, unless you ticked a box somewhere.

https://www.bbc.co.uk/news/uk-england-devon-15666878

Second class post is now a time warp, so it will take five days, up to infinity, and beyond.

"Any idea when the interim dividend will be paid?"

left of screen above.

"Picture of a Calendar"

ABDN

Financial

Diary

Two moments of bliss every year, when the dividends arrive.

"then marry son/daughter in law"

So that is why you are supposed to bring the girl to see your parents.

Marry a niece?

I sold HSBA at £9.33 (profit take from ~£6)to buy LGEN at £2.35 .

Bought some ABDN at £1.55 last year.

Obviously settling into retirement.

Income vs. growth.

"all in ISA(s) & SIPP"

it is all a trap set by the HMRC.

£20k for the ISA, £2,880 for the SIPP, every year. It starts snowballing with dividend coming in.

The tax free wrapper means I will always spend the money outside the ISA and SIPP first.

Obviously, most people have income, one way or another, so you spend that first, and the SIPP and ISA just keep growing.

Previously, at least you can pass down the SIPP IHT tax free, but from April 2027, Rachel Reeves gets 40%.

A lot of people have £1m+ houses. All this tax free non-sense just means that I will have spent decades building up the ISAs and SIPP, but it all goes on IHT in the end. Ironically, if it's still not enough, the Executor will have to sell the house any way.

Inheritance tax is about whom do you hate more: The Taxman or your children?

But your children don't inherit your estate tax free.

The plan is to hire somebody to be my wife, whose key responsibility is to stay alive to inherit my money.

Ideally, you don't pay her anything, she just gets a cut from the estate when I die.

This will make all the years of nursing along the SIPP and ISAs worthwhile.

The HMRC will eventually clamp down on it.

Intentional deprivation of tax revenue to the HMRC: tax evasion.

Have to do it before Dementia sets in.

I don't think you are allowed to get married if you have no capacity.

"those LGEN shares will comfortably outpay a portfolio of premium bonds."

Believe it or not, I have maxed out on Premium Bonds.

£50k worth of LGEN shares outside the ISA will almost certainly tip me into 40% tax.