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T212 doesn't charge a platform fee either but it's not a flexible ISA. The interest on the cash may fall outside FSCS protection - details on their website rather than trying to summarise here but I'm happy with that risk in my own personal circumstances. The lack of fee helps averaging in / out of positions as I can trade in smaller amounts when I know I don't need the trade to cover those costs.
I’ve been a bit of a rate tart and tried various platforms when incentive offers have been on for switchers. I’ve opened an ISA with Trading 212 (already had a GIA opened in January) which is commission and platform fee free. Not seen a downside to it so far with the shares I wish to invest / trade. T212 currently have a cashback offer on too. Happy for anyone with more experience of T212 to flag downsides of which they are aware!
Be interesting to know Ben Stocks’ plan for the future. More than happy for him to carry on working but, at age 60, how much longer does he see himself as CEO?
Updated analysis on this link. Doesn’t add anything new, imo, to those of us already invested.
https://www.ii.co.uk/analysis-commentary/shares-future-company-makes-my-top-10-ii531283?utm_source=newsletter&utm_medium=email&utm_campaign=Weekend%20Newsletter%2020240406&utm_content=newsletter&utm_source=sfmc&utm_medium=email&utm_campaign=Weekend+Newsletter+AMP&utm_term=%25%25%3dRedirectTo(%40article1URL)%3d%25%25%3f%25%25%3dv(%40UTM)%3d%25%25&utm_id=164345&sfmc_id=28804455
SP has been higher recently though it could well be positioning ahead of the H1 update as you mention. I imagine positive noises on sales / end of customer destocking will see a SP boost though any adverse comment on costs would trump that and see a drop. But who knows how the ‘market’ will react?!
I hold these shares in a GIA with T212 and received the dividend today in GBP converted at the RNS rate. Taxed at 15% having completed the W-8BEN form on opening the account earlier in the year. Can’t remember any particular options chosen at the time but see my currency options are set as my primary currency (GBP).
Just come across this piece from the end of Feb.
https://www.ii.co.uk/analysis-commentary/shares-future-mid-ranking-stock-inflection-point-ii530850
I opened an account with them recently. Liked the idea of commission free dealing with no platform fee.
This may help.
https://www.gov.uk/tax-sell-shares/same-company
Not seen anything so can only guess - could be as simple as an appreciation of better times ahead now (markets recovery and growth, settling in new UK premises) and no negative news on new CEO front (any bets on Ryan becoming permanent CEO?) Or left field idea that a third party may be(come) interested in the company given the greater optimism generally?
Latest TU shows BAU - ahead of expectations and a bolt on acquisition. Steady as she goes.
The SP drop below £5 has caused me to think about adding some more too – would have been a straightforward decision if I was simply buying back in having sold earlier in the year at £7! Unfortunately, I’ve still not got a crystal ball.
The current PE following the SP drop sits better so in my view it’s now how those operational efficiencies from the new premises come through set against the negative of the higher interest costs (see the IR sensitivity analysis in the 2022 AR – p147). May be wishful thinking on my part but I’d like to think with their experience, they will be able to maintain overall margins on higher raw material costs albeit possibly helped by a move to more premium, higher margin products in general.
We should get an insight on all that with the end of year trading update in about a month – hopefully will be a catalyst for a meaningful SP upwards movement so will need to make my mind up on adding before then.
Not seen anything specific to explain the drop in the SP - jitters about price of oranges with adverse weather? Perhaps some downside from China slowdown affecting future growth (albeit not a large part of the business as yet)?
I’d be looking at switching a GIA so no need to worry on the ISA point, thank you. Small print looks ok to me. The 1% incentive will still leave me in profit even with their platform fee given there is not a long tie in so looks like it will be a worthwhile switch for me. The downside appears to be if I wish to trade whilst the switch happens but as I don’t trade often at the moment, I should be ok (famous last words). Will need to keep an eye out to see if share accounts become like the battle between banks for current accounts!
Hope this link works…
https://www.barclays.co.uk/content/dam/documents/smart-investor/smart-investor-transfer-in-cashback-tc.pdf
Whilst not directly a Barclays share topic, I see they are offering up to 1% incentive to switch investments to them and payment is made within 60 days so not a long time before I could switch again (I am a shareholder so know grabbing 1% and moving on may not be the best for our collective returns!) It caught my eye as I need to review my provider anyway but caused me to wonder if these switch incentives are sometimes about (whether Barclays or others). Anyone know?
“you should remind your friend that outside of an ISA her divi income would be taxable, depending on her circumstances but likely to be the ( total of divis -£1000) so on your figures £3843 X 20%“.
Sound point about the ISA but I believe dividends are taxed at a lower rate than your marginal tax rate.