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Yes, thanks very much Benbow & Krusty for your advice on this - apologies for confusion as I was just saying transfer in last post to avoid longer description, but I do understand from Benbow's very helpful explanation how it works. I'll be interested to see the set-up on ii when my accounts are transferred over... if it does!, as spent most of the day on the blower to EQI & ii as its already gone t*ts up!:( Thank you both again for your help, greatly appreciated
Thank you Krusty & Benbow, unfortunately I'm with EQI and so my ISA & Trading accounts are being taken over by Interactive Investor this weekend (as EQI sold out to them!) - so I've no idea what Bed & ISA arrangements ii have...... and if they have the facility of linked accounts you mention Benbow - really hoping ii does as I really like the concept of how you've explained it transferring a quantity of shares by number into my ISA, as by this way I shouldn't lose any shares even though there might be quite a difference between the current SP and the original SP I bought them at - please correct me here if I'm wrong? Thank you kindly for your help which is much appreciated
Thanks Krusty & Dr Horrible, I picked up on your post as when I spoke with my brokers they said they would basically sell and re-buy. Now I don't know if I spoke with someone there that didn't understand Bed & ISA or that my brokers don't operate it, and so that's why I'm keen to learn if Bed & ISA means that you don't sell and re-buy the shares but transfer the same quantity of shares and keep them in your ISA without losing out financially, as currently a sell and re-buy would mean owning a lot less shares than I originally purchased due to SP difference, and of course I want to keep the lot! If anyone can help me with this I'd be most grateful
Krustysmegma & Wellsite, I was interested in your comments regarding Bed & ISA, as I have a lot of shares in my dealing account that I would like to transfer into ISA's. It seems from your posts that with Bed & ISA you can transfer them without having to sell and re-buy them; is this so? as I would like to keep the same quantity of shares that I own upon transfer which doesn't obviously happen with a sell and re-buy. I'm a 10 year holder in PXS so I follow this board with considerable interest. Many thanks for any information you can please provide on this
Thanks for your reply Mike, and no worries about potential complication as I'm familiar with the effect of the foreign exchange rate but appreciate you pointing it out. Apologies for my belated response but only just managed to get to login.
Nice one Thomo & James, whilst my query was basically whether the divi yield is always based on the original SP purchase price (thanks for confirming Thomo) I will also conduct future investment appraisals on the current SP......
Time Machine - thanks also for chipping in, I believe the 4 pence per share is the quarterly divi paid.
Thanks again to those that responded for clarifying this for me - and also thanks to all contributors on this board for your comments as they are always informative... this is a good board compared to many
Thank you Loggy and James, so in relation to BP, is their dividend regarded as a steady dividend?, as I know they cut it recently by 50% and it gets decided each quarter. My purchase price is 237.5p per share, which using Thomo's calculations is 6.74% per annum divi yield, therefore if the BP total dividend of 0.16 is a steady dividend this would remain my calculation for these shares regardless of future deviations in the SP?
Thanks for this info Thomo which is very helpful - may I ask does this divi percentage yield calculation always relate to the Share Price you paid for the shares, or does it change as the Share Price fluctuates at the time the divi’s are paid? If it is the latter, this would obviously mean that as the Share Price increases our divi yield percentage would drop so I'm keen to establish this when weighing up annual dividends returns on investment. Thanks