Member Info for thinksmart

Having said all that, there are so few DMA trades or even orders on SHFT it may well have just been a fat finger lol

Googled tax on dividends in ISAs today and found the extract below on the direct.gov.uk site I think it is saying that the dividends we are paid are only actually 90% of the dividend the company pays out and 10% goes to HMRC as a tax credit on our account. i.e We have already effectively paid the tax when we get the dividend (assuming we are basic rate tax-payers). But am I reading that right? Doesn't make much sense to me that way as we seem to get paid the dividend that the company announces and I wouldn't have thought companies would quote dividends net of tax, particularly as the rate changes depending on one's total income. We are then supposed to inform the tax man of our dividends received through the year PLUS the 10% tax credits as this all has to be added to our income to work out our total income and therefore our tax band/rate. Am I getting this right? What's your understanding? Here's the extract... Understanding the dividend tax credit Companies pay you dividends out of profits on which they have already paid - or are due to pay - tax. The tax credit takes account of this and is available to the shareholder to offset against any Income Tax that may be due on their 'dividend income'. When adding up your overall taxable income you need to include the sum of the dividend(s) received and the tax credit(s). This income is called your 'dividend income'. How tax credits are worked out The dividend you are paid represents 90 per cent of your 'dividend income'. The remaining 10 per cent of the dividend income is made up of the tax credit. Put another way, the tax credit represents 10 per cent of the 'dividend income'. Table - "Dividend income at or below the £34,370 basic rate tax limit " Dividend paid to you (represents 90% of the dividend income) Tax credit (10% of the dividend income) Dividend income (dividend paid plus tax credit) £63 £7 £70 £54 £6 £60 £90 £10 £100 Paying tax on dividend income If you pay tax at or below the basic rate You have no tax to pay on your dividend income because the tax liability is 10 per cent - the same amount as the tax credit - as shown in the earlier tables. The link was... http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/TaxOnSavingsAndInvestments/DG_4016453 (about half way down the page) Any thoughts? Anyone else know about this stuff?

On FTSE shares orders can be placed by PIs with DMA directly on to the LSE orderbook. Those orders can then be part filled, bit by bit, which can sometimes leave you with a very small number of shares left over. If you're quick you can then cancel you'r order and keep those leftover shares if you want, or if you leave them they will eventually be picked up to part fill someone else's order. Its just the way it goes. So that 1 share might have been part of a bigger holding that just got left on its own the way the transactions went. The PI won't have had to pay a full commission to sell it or buy it though. With DMA there's usually one larger commission fee for the whole order in its entirety, plus a smaller fee for each part of the order as its filled.

I've been topping up left , right, and centre and have a target to try to own 0.1% of the company. Not that much I know but I figure 0.1% of $1.1 billion tenders and 0.1% of $300m odd orders (forgive me if my figures are out of date) is well worth owning, so I'm very much keeping the faith. One more top up and I should be there (funds permitting!)

Morning. Well my initial expectation of being back in the 70s pretty quickly doesn't appear to be happening. I'm thinking now we might have a slower road to recovery - I think the market needs to hear some good news from us and is probably holding out til then. But having said that things can turn very quickly with SHFT, so I may be eating my words again next week! One question; what do you mean by "The shares usually do well at the end of calendar year"? What data are you going on?

Interesting clarification re Cluff for example and dual listings in ISAs etc - thanks for that.

Yikes! I'd asked my accountant and they were adamant that they didn't need my ISA investment details for my tax return and that they were non-taxable within the ISA wrapper. Not got total confidence in my accountant though! Need to check this

Sounds about right. I use HL (that's NOT a recommendation) and have an ISA a/c, SIPP, and a basic trading account. In the ISA you can generally hold OEIC funds and shares on FTSE companies (i.e. NOT AIM listed companies). But as far as I understand it the big bonus is that all gains and dividends are tax free. In a trading account SP gains are taxable under Capital Gains Tax and dividens are taxable under Income Tax. - Nightmare!

at 57.2p

1 v 2

There are some transactions at 57.25 and 56.75 which look suspiciously like buys to me given the spread of transactions

Yes! Thanks! So, below the Ask which was 59p but very close to the current Ask of 58p. Hmmm I need some funds!!!

55.51p for 4,000

Don't know. Its nerve-wracking but I'm with you that this is looking cheap now to me personally. Trouble for me is I've now got to sell something to top up. The MM's spread is very wide right now. Do you fancy reporting a dummy buy of the market share (4000 shares) and I'll report a dummy sell, so we can know what the real spread is?

Totally chilled - just answering the question.

To answer your question, so far as I can tell, based on their own postings, it is someone who pretends to be a girl but sometimes says they are a man, has been banned no idea how many times, and having never posted on SHFT before came on to say "not good here" and suggested looking at BEH.

Shifted his focus to SAR I think.

Indeed that would be nice. No knowing when one or 2 of those might come though. We had one in March, one in April, and one in May. Nothing since. Can't forecast from that realistically so just have to be patient. But my feeling is, that as long as there isn't any bad news, we will likely climb from here anyway, and personally I'd rather we waited for news on a contract and climbed a bit first, so that when it comes we're on a higher platform to push north. All just hopes and opinion of course. As ever DYOR.

I'm not really the person to ask as I don't have as much knowledge on the share as others. I'm in though and staying put as I feel that despite the reduction in profit forecast the order bank and tender pipeline look too high for the current market cap. At to that the broker's target and the fact that SHFT seem to have been trading in a channel between the high 50's and £1 and I feel there's a very reasonable chance that we won't stay at the bottom end for too long. But of course I didn't see the news coming and you never know what further news may be around the corner, good or bad. Anyway, everyone needs to do their own research. I'm putting my money where my mouth is though and have an order on the orderbook for 3500 again this morning in the hope of getting some at a bargain.

Not for me it isn't - I want someone to pick up my 3500 buy order before it ticks up! lol