Member Info for MrMath

I believe the opening share price for MICC shown on this site (12.20) is in euros and was the opening SP in Amsterdam, so Hargreaves price of 1100 is likely much closer. That's the figure I'll be using unless proven wrong!

To apportion costs for Capital Gains Tax (CGT) in a demerger, you divide the total allowable cost of your original shares between the new shares in the demerged entity and any shares retained, using a formula based on their comparative values. The formula is:

(Cost of Original Shares) x (Value of Shares Disposed Of) / (Value of Shares Disposed Of + Value of Shares Still Held).

So say you previously owned 100 ULVR shares which cost you a total of £3,800 then your base cost for your MICC shares (of which you will have 20) would be calculated as follows (given an opening SP today of 1100p for MICC and an opening share price today of 4342p for ULVR):

Value of Shares Disposed Of = £11.00 x 20 = £220.

Value of Shares Still Held = £43.42 x 100 = £4,342

So for CGT purposes your allowable cost for your MICC shares is:

£3,800 x 220/(220+4342) = £183.25

Thus, the quick way to find your allowable costs for you new MICC shares is just multiply your allowable costs for your original ULVR shares by a factor of 0.048224463 and reduce the allowable costs of your ULVR accordingly.

That's how the calculation should go baring arguments over opening share prices. Hargreaves Lansdown says the opening SP of MICC is 1100p but this site says it's 1220p! So that could change the calculation slightly. Note that this site and HL are in agreement over the opening SP of ULVR, 4342p. If we are using the 1220p MICC opening SP then the multiplying factor is 0.053205408.

Thanks for your thoughts. My other option would be to do nothing with my current holding but to have some cash at the ready to buy more just in case!

This is now feasible since LGEN is no longer my largest holding, having fallen well behind AZN recently.

Interested in your thoughts.

I have been a confirmed long term holder for several years now, and am doing very nicely. However, the upcoming budget has got me worried to an extent that I am considering selling half my holding on the eve of the budget with a view to buying it back at lower price as soon as the budget hits.

Anyone else doing similar, or maybe you have another budget related strategy?

Those sitting on their hands and waiting for corrections generally miss out on long term gains.

Nah, wishful thinking. Never do your finances any good trying to time the market. Long term is best.

"I've not bought back in yet because RELX have been tumbling in tandem with LGEN"

Love RELX too, still about 117% up despite the recent falls. Was considering buying a few more some months back but glad I didn't!

Shares that go up a lot always make me nervous.

Bought in way too high 6 years ago but the occasional top up on the ridiculous lows has returned a 26% profit (approx 62k, not including this month's dividend).

Love this share, it goes back up, it always does, and my profit has been accelerating in recent years thanks to some great market over reactions!

I too first bought in about 6 years ago and have an average of 254p, but have received almost 80k in dividends (just over 33% of capital) in the mean time.

So, yeah, it could have been better but I certainly wouldn't grumble. Still in it for the long term.

My wife and I bought separate endowments in the early 80s, hers did very well but mine barely broke even.

RBC did the same this time last year.

https://www.proactiveinvestors.co.uk/companies/news/1052135/legal-general-shares-down-as-investment-bank-downgrades-1052135.html

Apart from a short-lived dip in April, L&G has been on an upward trend since the start of the year. £3 by the end of the year.

My worst performing share by far. Owned since 2020 and down 32%, though 'only' about 16.5% when dividends are taken into account. Not great considering inflation and the fact that the money would have been much better invested elsewhere.

Getting very tempted to increase my holding.

Still no dividend for me from HL. I believe they paid my dividend late morning last year. This year's should be by the end of the working day as I have never been let down yet by HL as regards dividend payments.

Can anyone confirm or deny that the opening share price for VALT on Monday 2nd June was 2,910p ?

I am getting conflicting information from internet searches and would like to do a few calculations to know if I'm better or worse off for having sold my AAL a few weeks ago. Thanks!

Can anyone confirm or deny that the opening share price for VALT on Monday 2nd June was 2,910p ?

I am getting conflicting information from internet searches and would like to do a few calculations to know if I'm better or worse off for having sold my AAL a few weeks ago. Thanks!

Not reinvesting here for the foreseeable future - in fact, I sold my entire holding this morning.

"So the gain this morning just puts us back to yesterday’s opening price prior US recovery, without any gain."

Agree, the SP gains this morning are very modest compared to the US recovery, especially considering the FTSE100 closed down 2.9% yesterday on top of an already disastrous performance.

Ask Warren Buffet, he's the only one in the top 17 of world's richest people who is currently up this year:

https://www.bloomberg.com/billionaires/

Had lovely dividends over the years, but now even my capital is on profit!