Member Info for Know-little

Guess I should proof read. Last sentence should say "........ careful and want to help their families rather than give to ne'er-do-wells" Sort of changes the whole meaning!

"The point you are missing is that pensions are designed to provide a private pension during your lifetime / spouse. Not provide wealth to be transferred to ungrateful oiks tax free. The idea was to take the burden off the state."

Couldn't agree more but then I suppose I should change my name to "Know Little - Care Even Less". Don't have any private pension worth talking about so doesn't affect me, and before all you self righteous people jump in and start shouting about scroungers I do not survive on state handouts/benefits but support my family and myself through having worked for many years until I retired saving all the time.

Private pension savings have been made at the expense of others by their generous tax breaks of generally adding up to 40% to contributions at time of savings and only charging 20% tax at time of withdrawal for pension. Time these excess funds were drawn into the IHT trap like all other assets or better yet get rid of IHT all together as it is a terrible tax taking money from people who have been careful and want to help their families to give to ne'er-do-wells

"It’s now a double whammy as beneficiaries will still have to pay income tax of up to 45% on inherited pensions, giving total tax take of up to 67%"

Am I missing something here. If pension pots now form part of IHT calculations surely you make the beneficiary your estate and not individuals, pay the 40% IHT on death with the remainder going to the "Will" beneficaries without further taxation.

Sorry couldn't resist. Your calculation is mixing up GBP and number of shares. £10k worth and 10k shares.

£10k worth at 89p is 11,180 shares after stamp duty.

£10k worth at 24p is 41,459 shares

Total cost £20k

Total shares 52,639 shares

equals 38p average share price

Please oh please can you forget about Brexit. It has happened [or nearly]. We are not part of the EU. Whether we would have been better off in the EU is conjecture and is a waste of time doing what ifs. Let's concentrate on making what we have work and hopefully our economy will grow, Lloyds will increase profits and dividend and the share price will rise.

Perhaps the arguments can stop now.
As part of the i3's commitment to its total return model, the Company is increasing its 2023 minimum dividend by 59.4% above the total dividends paid during 2022 to £24.475 million (USD 30.095 million), through an increased monthly dividend of 0.171 p/share - equating to an annual dividend of 2.052 p/share or a 9.7% yield (1)

“We have commenced our annual budgeting cycle and will announce before year end a 2023 capital programme, based on our total shareholder return model, balancing activities to seek to grow the share price with sustainable growing cash returns to shareholders".

Hey come on guys. I'm new to this chat but I thought form reading past comments it was fairly civilised and informative and people respected others views, not like many of the other share chats I have visited. Let's not get too combative over nothing. What happens with the future dividend payments hopefully will be communicated to us soon and any argument we have now is purely speculation and meaningless. Be nice. Please.

Many thanks for the sentiment, appreciated, but I don't like to screw up. The dates in my mind were actually the ex-divi dates and not notification dates but never mind. It will be what it will be and hopefully we will all find out soon the Board's intentions.

You are correct. Now I feel a fool

New to this share but have found various comments on here interesting and enlightening. Thank you to all concerned. Regards dividend announcement. From what I have seen announcements for this share are made on Thursdays mid month. Expect it to be tomorrow

Someone much cleverer than me will have to answer that question. I have just noted the actual trade is not on the listing of trades on the London Stock Exchange website but is indicated in the graph for today. So was it an actual trade or not.

I can’t. But it also shown on the London Stock Exchange and Freetrade as a sell of 2,000 shares

check out TheAIC website for comparison of all investment trusts. That will help you find somethin similar

Been a long time since I looked at this chat. Seems no-one answered you. The issuance of new shares is not diluting the Company; in fact the Company gets bigger. Being closed ended the money from new shares stays in the Company. By issuing new shares when there is high demand it keeps the share price close to the NAV. You could of course consider this is not a good thing as by issuing new shares the premium stays small. If no new shares the premium would increase which may or may not be of benefit to the then current share holders. In any case I invest for the steady income. Hope this helps

“a closing price for AV of 445p.... Elsewhere it's showing as 414-416p. Am I missing something??!!”
Yes you are. I guess you looked at HL website between 4:30pm and 5:00pm. Their prices on all shares are always way off during that time frame. If you refresh the page it will change but still be wrong. Have to wait until after 5pm for a probable correct price

Half year results on Thursday this week so expect information then

Sorry but you have a slight error. The charge for holding shares of any value is 0.45% maxed at £45 a year [i.e. £3.75 a month] in each account. The reduction to 0.25% is only for funds over the £250k limit up to £1m and then a further reduction to 0.1% up to 2m.

I have been reading the comments on here with a little bit of amusement. The facts are:
1. I have 24% less shares in number
2. I own the same percentage of the company I did before the consolidation
3. I have some money in my account
4. If forecasts are correct I will get a bigger dividend from these 32+p shares in total than the old 25p shares would have paid.
5. It is a done deal and no matter what anyone says there is nothing that can now be done for good or bad.
6. Live life and be happy

Typo. Rebased not rebated