Member Info for Rumpel

Hi PeterH. Thank you for replying - reassuring words. I’ll keep an eye out on transfer incentives from IG. I use T212 and II though haven’t really got a major beef with either but II with their recent fee uplift have weakened their proposition for me, combined with their uninspiring interest rate (as I am holding cash from a few sales). I know I could look at some money market funds but that seems a bit of a faff as will need to sell before buying whereas I like the simple approach of just being paid a fair rate.

Hi PeterH. I posted this on the NatWest board to Crossley “excuse the negative angle, but what’s the worst thing about IG (as far as UK shares concerned)? I have an account with T212 and I would say the main downside with them is that some limit orders aren’t executed whereas I think they would have been on other platforms. Wondered if IG were similar.” Crossley is new to IG and hadn’t tried limit orders but wonder if you have in your time with them? Feel free to flag your own worst thing if you have one. Thank you.

Hi Crossley. Many thanks for your reply and the link. Saturday morning has been partly used doing a lot of surfing about platforms and other investing topics, such is the rabbit hole of the web. IG certainly looks good as a possibility for myself though their 1% transfer incentive ended yesterday and the latest one for Feb is not as generous. I shall keep an eye out to see if the 1% returns in ISA season as whilst I mentioned T212, my main share accounts (ISA and GIA) are with II who have also put their pricing up - and are stingy on the interest paid on cash balances too which is a grumble for me as I feel some correction is due and have de-risked though that call has been wrong so far with shares continuing to rise!

FWIW, I wasn’t complaining about T212 - with zero platform fee and no commission, I don’t expect the same that you would get from a fee paying broker. The limit issue with T212 was fresh in mind as earlier this week I put in a buy order for 10,000 shares and it was partly filled with just 76.74706952 shares. Got to laugh! But wouldn’t want that experience with my ‘main’ dealing accounts.

Hi Crossley - excuse the negative angle, but what’s the worst thing about IG (as far as UK shares concerned)? I have an account with T212 and I would say the main downside with them is that some limit orders aren’t executed whereas I think they would have been on other platforms. Wondered if IG were similar.

Scotland - at the risk of more confusion (but hopefully not)…if your last message was relating to dividend yield (not dividend) then I would say the yield is the annual dividend based on the current share price. Some investors also track their ‘personal’ yield which would be the dividend based on their share purchase price. When I calculate my personal yield, I include any fees and taxes in my share price (averaged if I have bought / sold in tranches) as my base line comparison is against what I would earn in interest in a savings account on the same amount invested in any particular share. But for the full comparison, I look at total returns - so I add to the dividend paid, the capital growth, or loss, from the share price movement.

Good evening Mr A. Thank you very much for your detailed reply, an angle I had overlooked and is a salient reminder that governments can exercise their own bit of coercion whether on US treasuries or something else.

Mr A - really appreciate your postings and recent sharing of info so wish to thank you for them. I am one of the ‘silent’ readers, rarely posting myself. A question for you, if I may…as I understand it, unfortunately, Starmer hasn’t got the US Treasury Bills in his weapons locker (albeit he may not know where the key to it is anyway) as aren’t those billions of holdings held by UK institutions held on behalf of investors and given UK pension funds have drifted away from UK investments, the chances of them doing anything patriotic is slim?

Rookie - I applaud you for your conviction - whilst I am a LTH (a good chunk pre GFC and have added post COVID), I understand where you’re coming from and often ask myself at what point will I take my profit and run. Whenever I have run (a few about £1.80 and most recently some more at £3.29) the price has just continued to go up so I have zero form in making the right call. I’d also need to know where I think a better investment home for my funds!

And some providers also pay an incentive to transfer / open an ISA especially with ISA season approaching. II have run incentives in the past but am aware others have done too so this may be something to take into account when you look at cost effectiveness of providers.

Just a quick look so happy to defer to someone who has investigated more deeply. Think the video said £900m but from H1 results, note 8:

“ The Group has conducted a review of the net realisable value of its land and work in progress portfolio at 30 June 2025. Our approach to this review has been consistent with that conducted at 31 December 2024 and was fully disclosed in the financial statements for the year ended on that date. This review gave rise to an impairment of land and work in progress of £nil (2024: £nil). The key judgements and estimates in determining the future net realisable value of the Group's land and work in progress portfolio are future sales prices, house types and costs to complete the developments. Sales prices and costs to complete were estimated on a site by site basis. If the UK housing market were to improve or deteriorate in the future, then further adjustments to the carrying value of land and work in progress may be required.”

Would cause me to question accuracy of anything else said.

Trek - ‘Donald Pond’ on the Telegram group stated on 12 Dec that “I have heard from the horses mouth that Riverfort are now either out or running on fumes.” This maybe from where MTSparky is referring.

Driftking - I see you’ve been on this board for a while and have raised the issue of the dividend sustainability on many occasions so I am assuming you will have read many posts about the issues with IFRS etc for the insurers. If you keep making the same point, you’ll keep on getting the same answer. On an aside, looks like the latest Fool piece (by Harvey Jones) on LGEN would do well to read this board!

Obviously, when it comes to investing, each to their own based on individuals’ personal circumstances and risk assessment of information available to them.

Couerdelion - the £20k may not be from income but possibly a hasty drawdown from their pension from fear of the tax free limit being amended in the budget, an inheritance or from downsizing and to acknowledge that over 65s have, typically, a shorter investing horizon than someone younger.

Thronegames - this was a message from a forum member called “ Meconopsis” some time back in the Aviva chat. Am no expert on the subject but I find Meco’s contributions informative.

“UserSteve - in short, the accounting standards for insurance companies changed in the last few years, which makes profitability / assets / equity both worse than it is and not comparable with the figures before the changes.

Click on my username and trawl through my old posts. You'll find posts on the impact of IFRS17 and "mark to market".”

Bertram - sometime ago, Trek Madone on another share page suggested using the Brave browser to cut down adverts. It does!

So assuming Natara falls away due to Dohler’s stake, that stake realistically blocks others too. Mgmt are not good and or need changing, Treatt ends up in a weak position (already there depending on what you read), and a sub £2 share price, and Dohler comes back in when they no longer have to offer £3.05 a share but make an offer sufficiently attractive to shareholders demoralised by the company performance, so getting Treatt for £2.50 a share? High level, off the cuff thoughts so probably some major holes in it!

Yorek - thank you for sharing. Reassuring to see a fund manager expressing their view and fingers crossed other large shareholders feel the same. I recognise that II won't necessarily hold out for their purchase price (whereas suspect retail investors are more likely to want to do so) but they will want to realise a fair value.

Nonsense - thank you for your sympathies. I would need £3.60 to breakeven overall (divs included) but ignoring the benefit of the tax loss that I have used against gains elsewhere. By coincidence, the £3.60 is the fair value assessment of Cape Wrath.

I wouldn’t call it informed but the mood of posters on this and ADVFN forums says this is a low offer. Whether that translates to more than 25% voting against it is another matter as imagine posters total holdings won’t be that significant (but will be more than the directors!) To me the current share price indicates a small belief there could be a higher offer. I’ve not been invested in a ‘takeover’ previously so don’t know the norm on where a share price settles after an offer has been made.

Other than working out my break even point on my Treatt shares (I previously sold my shares outside of my ISA to crystallise a loss and then bought again with my ISA), the next step for me is to have the damp towel ready for my head when shareholders are sent the scheme documents (within 28 days of the RNS). Call me cynical but expecting there to be some eyebrow raising details in it.

I am also in the very underwhelmed camp. From a quick skim read though, looks like this process kicked off back in May. As has been mentioned before, the low level of directors’ shareholdings stand out - not enough skin in the game to drive a better offer?

Me thinks she’ll find the money from somewhere. Possibly tap up some trustees about a great investment opportunity…

Alex - this may work on The Times article.

https://archive.ph/PKf3b