Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Chris Patten was wheeled out on Question Time last night and displayed all the lucidity to be expected from a 79 year-old Europhile. At the start of a diatribe on, you guessed it, Brexit, the Chancellor of Oxford University came up with some dubious claims. He first had this to say about Britain’s GDP per Capita:
“Our GDP per capita now… is lower for heaven’s sake than Lithuania”.
It sounds questionable… because it’s not true.
According to the IMF’s 2023 forecast, Britain’s GDP per Capita (at purchasing power parity) is $56,471, Lithuania’s sat on $49,266. Britain’s nominal GDP was forecast at $46,371; and Lithuania’s was $28,094. A mere 40% lower…
Chris’s confusion didn’t end there, as he then took a leaf out of the Keir Starmer playbook to talk down Britain’s prosperity relative to Poland:
“The poorest 20% in Britain are poorer than the poorest 20% in Poland”.
Guido isn’t quite sure where Chris found this figure, although data from theFinancial Times, extending to 2021, showed this couldn’t be further from the truth. British households are better off than their Polish counterparts across every percentile.
No that's not very good, but par for the course with Banks/Building societies!. I started off getting share certificates via Barclays but moved online to iii (as they were) over 20 years ago. I can't really fault them tbh, although their prices have increased quite a bit over the years!. They used to charge quarterly, but following the name change to ii it is now monthly fees of just under a tenner, although you do get this back as credit if you buy shares or reinvest dividends. Funnily enough they've just sent me a link if I refer a friend, (drop me a pm if you want the details) but basically I get a £100 and the friend gets a whole year of investing for free saving you up to £120 in service plan fees and an additional £120 in SIPP fees if they open an ii SIPP*. It's a bit of a "sprat to catch a mackeral" as my granny used to say as you need to fund it with at least £10,000! and obviously after 12 months you'll be forking out £9.99 a month (unless their fees go up again!). I've more than doubled my money in CSN in the ten years I've been reinvesting the dividends and managed to reinvest last months divi @ 270p recently (although with the stamp duty and fee it was 272.20p)
Did you get a good price for your dividend reinvestment? The Divi hit my ii account today but I've recently stopped getting their automatic reinvestment as it always seemed the share price was on the high side. The volume was just below average today so I wonder if the price will fall further in the next few days once all the divi's have been reinvested? I will probably buy some more next week if the price weakens a bit more.
Been a shareholder here since "inheriting" the shares as a result of the demise of Nyota. Seems like they're playing the same old tune here which is to get the mugs, (sorry shareholders) to keep the board well remunerated until there's nothing left. I wonder if the pump and dump merchant 24Carrot from iii days is here under a new moniker posting on their behalf!
Hope Halifax pull their finger out and you get it soon then, hopefully once all the dividends have been reinvested I'll be able to get a cheaper price! Got close today but the spread defeated my limit buy.
Hi I was wondering whether anyone here uses ii to hold their shares?, I'd be interested to know what their dividend reinvestment price was today when the divi's hit the account. I've recently cancelled my automatic reinvestment with them as I've felt on a number of occasions their price was manipulated up eg last week my Aviva shares were bought at 411p before the price fell back below £4 a day or so later, and I can still buy the shares for less than this!. I will be reinvesting my divi in CSN at some point as I've been a holder since 2011 and have faith the dividends are secure and will compound nicely over the coming years. - Thanks