Member Info for MY21

Parents can buy a second home and avoid paying capital gains tax by purchasing a property for their adult children to live in rent free, reported The Telegraph.

Non-Brits abound in UK boardrooms Non-UK nationals account for 36% of directors in FTSE 100

Warning over North Sea tax: Low oil prices could cost the U.K. economy £200 billion unless changes are made to the tax regime for drilling in the North Sea.

Private landlords gain £26.7 billion from U.K. taxpayer, says campaign group: Private landlords are benefiting from subsidies worth the equivalent of £1,000 for every household in the U.K., the campaign group Generation Rent has claimed, with tax breaks and housing benefit bolstering their gains from house price increases.

Buy a house under a mile away and save £1 million: The huge gap in property values between the most affluent inner boroughs of London and the poorest peripheries has been underlined by new research based on house prices close to the capital’s tube stops.

Hedge funds short property companies as London housing wobbles: Hedge funds have begun to take out bets against property businesses that are exposed to the downturn in London’s housing market, in the first sign that investors are tentatively seeking to profit from the slowdown.

Skills crisis points to construction slump: Thousands of building projects could grind to a halt by 2019 as a result of a mounting skills crisis in the construction industry, the Royal Institute of Chartered Surveyors (Rics) will warn.

At 0430GMT today, Brent crude oil one month futures contract is trading 0.57% or $0.33 higher at $58.13 per barrel. On Friday, the contract climbed 2.17% or $1.23, to settle at $57.80 per barrel, following better than expected US nonfarm payrolls data in January, which increased demand expectations for the commodity. Moreover, prices were further boosted amid a strike by US refinery workers and following a decrease in the number of active drilling rigs.

A major player in the oil industry has warned that 6bn barrels of oil reserves in the North Sea are at risk of being abandoned following the slump in the price of oil. Drastic action is needed to improve the current tax system for offshore drilling to prevent the reserves, which are worth £200bn, being lost, Sir Ian Wood said in an interview with the Sunday Telegraph. The founder of oil and gas company Wood Group told the newspaper: "The danger is that if we lose momentum now and lose recourses and assets, and don't get the fiscal regime fit for a quite highly mature area, we will come down to 10-11bn. That's a huge economic and jobs loss for the UK." Roughly 450,000 UK jobs are connected to the oil and gas industry, the majority of which are based in Aberdeen, Scotland, where a number of positions have already been lost, partly as a result of tumbling oil prices.

£400million hit won't be sweet for Tate: Nearly £400million was wiped from the value of Tate & Lyle yesterday after its third profit warning in a year. It blamed a weak performance by its bulk ingredients operation in the three months to December.

Boss of British drinks-can giant Rexam stands to pocket £10million windfall if offer by U.S. rival Ball goes ahead: The Boss of British can maker Rexam stands to pocket in excess of £10million if the planned sale to U.S. rival Ball goes ahead.

Britain faces £200billion oil loss: In a stark warning to the Government over the future of the North Sea, one of the oil industry’s leading figures, has warned that 6billion barrels of oil reserves – a third of what remains under the seabed – worth £200billion may be abandoned unless radical steps are taken to reform the tax regime for offshore drilling.

Premier League rights auction likely heading to second round: Premier League executives spent Friday assessing first-round bids for its U.K. live TV rights but reached no conclusion, suggesting that the auction process will go to a second round of bidding next week.

Carney: prepare for deflation: The Bank of England Governor Mark Carney will this week raise the prospect of inflation falling below zero for the first time since the Bank started forecasts more than two decades ago

Cheaper oil fuels surge in trade gap: The overall trade gap worsened from £1.8 billion in November to £2.9 billion in December as the falling crude price stimulated much higher imports of oil.

Oil prices ended higher last week. Prices rose earlier during the week amid a strike at a US refinery and after reports indicated that leasing of US oil rigs was slowing, strengthening hopes that the oil supply glut was reducing. However, the EIA reported that US crude oil stockpiles advanced 6.3 million barrels to 413.1 million in the week ended January 30, their highest weekly level since 1982. Separately, the API reported that oil inventories rose 6.1 million barrels last week. Brent crude oil prices rallied 9.1% to $57.80/barrel.

Brent crude oil was on track for the biggest weekly rise since 2011 as fighting in Libya and stronger economic signals from the US helped futures rebound from near six-year lows.

I am no expert and have done only extensive research and met the directors of the business. IMHO; the dividends are some way off. This is a young company and needs to grow organically and by acquisition in the next 2 years to be sufficiently cash generative to pay dividends regularly. I see the prospects for this business is very compelling in the Medium Term i.e over the next 3 years but there is also possibility a sharp rise in current share price and consequently; market capitalisation of this company over the next 12-18 months if any one of their technology acquisitions is commercialised. I have spoken to the some experts in this field and they state that a technology commercialised could be worth anything from £100k to potentially a seven figure sum. In fact; the CEO of TEK stated in his Audio Interview with Proactive on 27th Jan 2015 that the recently announced technology acquisition could potentially be very lucrative when it is commercialised. We shall have to wait and see what transpires here. However; if the company was to acquire a few technologies in 2015, then I believe the share price could be re-rated swiftly once they commercialise any one of them. ATB

My understanding of the RNS today and the previous RNS detailing the acquisition is this: TEK have issued 65,372 shares to U of A in consideration for the acquisition of the technology purchase announced on 27th Jan 2015 thereby enabling them to conserve cash whilst demonstrating that their shares are valued highly by this University IMHO. I take it both parties must be bullish about the commercial value of this technology going forward.

Tekcapital Plc (TEK.L) Announced that it has applied for 65,732 ordinary shares in the company to be issued as consideration for the acquisition of an exclusive licence for a new, patent pending coating for baked products that imparts the attributes of fried foods from the University of Arkansas ("Consideration Shares"), to be admitted to trading on AIM with effect from 10 February 2015. Following the admission, Tekcapital's total issued and voting share capital would comprise of 23,449,479 ordinary shares.