Member Info for NMBS

Couldn’t buy these from my existing broker, so opened a separate account with another broker. Having real difficulty buying any of these. Seems really illiquid. Anybody else have trouble trading these? Maybe it’s not meant to be.

What are peoples thoughts on this?

Tried to buy some of this today through IWeb. No dice. Not available for purchase. No idea why. Some vague explanation about not providing value or not meeting regulatory approval. Which brokers do people use to buy this? Thanks

Tried to buy some of this today through IWeb. No dice. Not available for purchase. No idea why. Some vague explanation about not providing value or not meeting regulatory approval. Which brokers do people use to buy this? Thanks

I’m not sure I understand the logic about buying an annuity in order to avoid IHT. Once you die, a lifetime annuity dies with you (with the exception of a spousal annuity). So your estate doesn’t benefit at all? Maybe I’m missing something

500 would be nice. However this was as low as 441 last year. How low can she go?

I’m quite a bit underwater with this share. No idea about whether to sell on the open market, accept cash offer or shares in the OEIC. Opinions on best approach?

Only just got around to checking this morning. 0.617p paid into my trading account and not my ISA (IWeb). Previous DCU payment last September was the same. So they are at least being consistent.

I’m going to speak to them next week to argue that, in my opinion, these payments should have been paid into my ISA. I will try and have a proper read of the scheme document Corryvreckan1 as well.

Much obliged for the information Corryvreckan1. Very useful. I will wait and see what happens next week for people here. My provider paid the last DCU payment into my trading account. After reading the points made by yourself and dave999, I’m coming round to the view that the DCU payments themselves should be paid into my ISA irrespective of where the DCUs themselves are held. I might take this up with my provider next week. Thanks again

Thanks for the info Corryvreckan1. I know this has been discussed before about the tax treatment of DCUs, but I can’t find the original thread on this platform. As I understand it, the DCUs payment made outside of an ISA (as mine now are grrrrr) are liable for capital gains tax, yes? So how do I work out the capital gain for this financial year? Is it the whole DCU payments or do I deduct something from that?

There was a 0.309p payment per DCU on 30th September 2023. Subsequent payments will be made at 6 month intervals thereafter. Total DCU payments will be capped at 6.48p per DCU as I remember. Also I think these will only be made on PRAX revenues up until end of December 2026.

I may not have got these details exactly right. Best to check for yourself on the Prax website where it has all of the documents

Very pessimistic article. Would the price really have to drop to 140-160 before the bargain hunters would flood in?

@Porsche1946

What do you base your 340 prediction on by next summer please? Would be interested in your thinking/analysis. Thanks

Toff,

Do you intend to sell the PHNX shares that you hold at an average of 623? I assume you will be if you are now predicting the share price is heading down to £2?

Toff, are you shorting this share?

If I originally held my Hurricane shares in an ISA and I now hold DCUs in a trading account, how do I work out how much capital gain (or loss?) I’ve made from DCU payments? Finding this very confusing.

Looks like it has been lower back in 2012. But certainly the lowest it’s been in the last 10 years

IWeb DCU payment received today

Still no DCU payments in my IWeb account either :(

Tempted to buy a few more of these. Not sure whether to leave it now until after ex dividend date. Opinions on how the price might behave leading up to and after ex dividend?