Member Info for jimjam

pleasant dreams, I will happily settle for £1 in the morning. Perhaps the power of positive thought will deliver first thing. JJ

Sid, I assume you are in what is termed a 'money purchase' scheme, whereas I'm in a final salary one elsewhere. I left my employer at age 47, and took a pension at age 50. There is a lot to be said for taking the pension now, albeit at a lower rate because no one knows how long they will live. I'm 70 now and its worked out fine for me. They will give a forecast for age 67, but it will be fairly meaningless as its based on standard projections that bare no relation to actual past performance, and who knows what is going to happen in say the next 8 years. Something you might want to ask is, what is the current 'transfer value' ? And this is a figure that you might have had previously, if so compare it. If you delay taking the pension for the time being you can ask for the transfer fig. again in the future. It is a more useful figure because it in effect shows the size of the pot allocated to you and how its growing in value, or not. Hope this helps, not advice just my thoughts. JJ

1979.2p, but its an ancient crystal ball. JJ

Lurker, I would get rid of the bank-it was created when TSCO thought they could do nowt wrong. They should focus on being a profitable supermarket, which is how I see the bod are acting/thinking IMO. FYR's are going to be very interesting giving as they will a good idea of how TSCO will fare as we come out of the 'final' lockdown. JJ

Further to discussion on ISA's & IHT, I've remembered that the above guide is looked upon as the "bible" by Accountants and IFA's. 25 years ago when I was working in this area the guide was brilliant, always more digestible than other guides. It costs over £100 to buy and is updated each year. Now the good news, when libraries reopen its available in many reference sections. Its really worth a read if you need to understand better an area of personal taxation. It even allowed us to put the 'tax-man' right on more than one occasion. JJ

I would welcome someone steering me to some decent reading matter on this subject. Doing my own research so far appears to indicate that the ISA does not get transferred to a spouse, but its the value of the funds that can be and go into his/her ISA. If he/she does not have an ISA then one would need to be opened. Of course transfers to spouses don't create an IHT charge. However if you choose to leave the ISA to say your children then it will form part of your estate and potentially have an impact in terms of IHT. This is not given as advice but intended to create discussion. JJ

The money I have invested is all that I am putting in until the shares are trading at 0.5p. If the company goes bust and I lose the lot, that's a risk I fully accept. However I am quietly optimistic and think it may get to my 0.5p target with a 30% gain for my treasure chest. Anyone got a decent crystal ball??? JJ

Neil, we could do with an employee or two, to give an impression of developments in stores, and the distribution of online orders etc. In 2021 it amazes me how little businesses do to put out positive news, especially when the high street is suffering to the extent it is. If MKS is trading well then the BBC will no doubt grab at the chance to put in the public domain a good news story. Staff and shareholders alike respond well to good news. JJ

Thank you, JJ

Chilting, looking at the MKS deal, previously Ocado had a tie up with Waitrose but now MKS are in for 50%. I'm going to make a fool of myself now but what is the 50% of. There has been talk of say Morrisons buying the other 50% but I don't understand how that would work. At present I order my groceries and it costs me typically £100 which includes some MKS branded products. Is MKS getting profit from my whole order and an additional margin when I buy a MKS product rather than say Heinz baked beans. I imagine I'm not alone in my limited understanding of how Ocado is boosting profits for MKS.
As an aside the growth of Amazon does not sit comfortably with me because they are wiping out British business, and will create fewer and fewer jobs as they use robots everywhere, and owing to their structure won't pay enough tax to help balance our books. Ocado brains could allow MKS to compete. Any help you can give me is/will be much appreciated. JJ

Good morning Chilting, I have to admit that my grasp of the deal with Ocado is rather limited. For example when I make my order with Ocado much of the offering is not from the MKS product range. Have you found any reports on how the arrangement works, I could do with reading up on this area. Also as MKS increase their presence online for non foodstuff I would hope Ocado technical wizzards are being consulted at every step of the way so that MKS do not lose out to the growth of Amazon. JJ

Good evening Neil,
My view on dividends is evolving in that I don't need the income and 'am investing for growth. If a dividend is paid I will reinvest in that company, but would rather see the sp grow. GRG historically pay a very modest div. but its been a good growth stock. MKS should hold onto their cash and use it to develop their online offering. Yes Income Funds want divs. but there are a lot investors who want the growth within their ISA/SIP etc. Tax of divs. is not a concern as using an ISA. JJ

robglfc, yes agree. Its worth converting the share back to pre-consolidation figures to a) see just how far we have come in less than 12 months, and b) put any drop in the share price into perspective. The latter is only the equivalent of 15p drop, and we are still close to £1 when a lot of us bought in around May for 50p. All good, with sales scheduled to increase and F1 giving the image a new improved gloss. JJ

Panderman you are telling fibs, MTRO has dropped since you sold. Please buy back to allow the price to rise!!! JJ

and the Aston driven by Stroll is performing well. In 2 weeks time we will know just how well it is likely to impact our/my small investment. JJ

There are in excess of 21,000,000,000 shares in VAST, the figures being spoken of are not in any way significant. You need to be patient and maybe we will see some positive news at some point in '21. JJ

just a shame that we didn't get an 18.00 RNS. Back for porridge at 7am, and a coffee. JJ

Strong buy if you have the readies, this feels set to be very special indeed. Good luck to all those who have shown patience, and those who have bought back in. JJ

35P by 4.30pm JJ

is what I would like to see along with a share suspension so all holders benefit. This could be a SPECIAL Thursday. JJ