Member Info for Krustysmegma

Yes, I'm guessing that was a dummy buy for 1,000 shares (£22.87 cost, or just over 2%?). Ongoing charge £10.22, so for 10,000 shares the ongoing cost would be £102.20, not dissimilar to HL. The 3i example I gave wasn't the best because it's defined as an Investment Trust. HL has confirmed that the ongoing charge is over 2% so I've started selling down my 3i holding.

Tjb no-one under 40 uses Facebook any more, not cool. Accepting other social media platforms are available and could be utilised. If the science proves it's worth SAR won't need social media.

Me too! No I just wondered if they were taking more time than usual because they were trying to get clarity on the NAV of some of the newer assets. It should have all been transparent at the time of the purchase though so I'm happy to go with your version!

adv11, this is from i-web's own "charges factsheet" giving examples of what charges investors might pay: https://www.iweb-sharedealing.co.uk/assets/costsandcharges.pdf
"Farouk the fund fan" - Farouk has £1,000 invested in 3 different funds. His annual charges are:
Online trades (3 trades @ £5.00 each) £15
Ongoing fund charge (1.11%) £11.10
Ongoing fund charge (1.19%) £11.90
Ongoing fund charge (0.86%) £8.60
Transaction cost (0.5% of each investment) £15.00
Total £161.60. This represents 5.39% of his total investment

Seems pretty similar to the charging structure on HL, except HL doesn't charge to buy or sell funds.

Hmm, there's another way of looking at this sidi. Usually companies are very happy to give shareholders good news but balk when it comes to not-so-good info. Perhaps the NAV doesn't look as good as they'd hoped? There have been some significant changes since the last update, and maybe the new assets don't look like such a good buy after all? Hope this isn't the case but as you say, by the normal timetable, we'd have had information by now. We'll soon see.

https://www.bbc.co.uk/news/business-57648935

I think it needs someone with more knowledge/experience of these things to explain how it all works. It would be lovely if i-web were providing you with a free service when the rest of us are paying significant sums in fees, I just don't see how they can. Anyone out there that can help us with this please? Perhaps I should be moving to i-web?

carter19, I'd love to engage in discussion about this with you but I am genuinely concerned for your mental wellbeing. You seem to think our government is intent on killing it's electorate. That, my friend, is not rational thinking, not rational at all. I don't know what claptrap you've been reading but it is doing you no good at all. I strongly advise you to give it up & seek medical help, you need it. I speak as someone who's mother suffered from mental illness for the last 10 years of her life, and therefore recognise some of the symptoms. I also, genuinely, have your best interests to the fore. K

Well it's all going to play out in front of us over the coming weeks/months/years stt1. I can't help thinking the biggest factor in all this has yet to emerge (Russia, the USA, China...??) but we'll see. I think the only thing we can be certain of is it's going to be a bumpy road ahead for sure. Thank god we're not an island nation with virtually no resources left and detested by the rest of the world. Oh, wait...

I get something called an Investment Report quarterly with HL. It has a portfolio overview, then an analysis of sectors & geography, a summary of top 10 price movements, detailed valuation of each part of the portfolio, then a summary of charges followed by an itemised breakdown. Hopefully you'll find something similar for your investments.

Believe me, you'll be paying the fees one way or another! The company doesn't pay them, you (we) do. I don't know i-web at all (I'm aware of it, relatively low-cost platform) but next time you log into your account, go to your portfolio (you'll probably have to drill down to the individual account, e.g. your ISA) then see if there's a "management" - type tab or similar. You should receive a twice-annual statement for each of your sub-accounts, this should include a full breakdown of the charges you've paid. You should be able to trace them on a "transactions" tab (or similar) so you can see all your trades and any charges (normally monthly) you've incurred. If it was free, everybody would be using it.

Just to add, I've clarified this with HL. The 2.18% is inclusive of the management fee, so that's 6.1% yield net of fees.

My broker will charge 1.25% management fee, plus the company charge of 2.18%. So that's 3.43%, which is pretty high for this kind of investment. However, the dividend is currently 8.3% so that's still nearly 5% net. The NAV is steadily increasing too and the shares trade at a discount of c. 6.4%. All in all, if the dividend is maintained at or above this level, it's not a bad investment by the look of it. Thanks for the useful info both of you. K

Oh, interesting sidi. Platform charges are a bugbear with me right now. My broker, HL, charged me £383 management fee for my holding of 3i last year, which is a FTSE 100 share! I'll do a bit more digging. adv11, have you experienced this level of fee charging from your broker?

Yes, appreciate that ws. 0.835 (0.85 now...) isn't 0.90 though, which was the point I was making. I think everyone on here is hoping the sp can climb above 1.00 and remain consistently above that level, as a basic building block to the higher levels we all expect to see at some point. I've held SAR nearly as long as PXS, it took forever to get over the 1.00 barrier and hold it but since then it's been absolutely flying. I'm sure the same will happen here, eventually...

wip: "EVERY organisation researching, treating or developing drugs for cancer treatment are profit making, no matter what statistics show."
Hmmmm. SAR????

adv11, I've just had a look at RECI, I hadn't come across it before. Looks really interesting, I'll do a bit more research but this might sit nicely in my portfolio too. Thanks for the heads-up, much appreciated. K

Just a pity we don't seem able to hold 0.90 on the bid. Every time we seem to be trading in a new, higher range, it drops back. I think this is the issue with these long periods of information blackouts from PXS, it gives the MMs license to do what they like with the SP. The sooner we get some (good) news the better.

stt1, that all makes sense in the context of the central premise, "the period of economic downturn we currently face". In my view, we've had our Covid-induced economic downturn, particularly in this country, and we can now look forward to a period of strong recovery and growth. Having said that, the government faces years of struggle trying to pay down the debt, it's to be hoped that the current inflationary pressures are only short-term, as forecast by the BoE amongst others.
So the challenges remain, but there's no doubt the HB's have proven resilient when facing the most challenging period in economic history since WWII, no reason to believe they won't ride this out too.

Yes, steady as she goes for now sidi. That's fine by me tbh. adv11 mentioned full-year results expected mid-July, guessing we may not get another update until then.