Member Info for WolfofWarks

YTD though it's been boss so far.

this makes no sense as the chairmen's role is not to execute corporate strategy but to hold the CEO and the executive to account on behalf of shareholders.

It's like having your most senior NED being in charge of part of the strategy.

A share is a share whether in electronic format or not and they all rank pari passu, it’s one of the fundamental principles of share ownership. You are still talking part in the governing of a sanctioned company if you exercise your rights no matter what the form.

The idea that the paper shares somehow detach you from the plc is quite frankly laughable.

If you’re domiciled in the UK then you are taxed in your worldwide income.

So while holding shares on a Dubai exchange may be tax free locally the dividends would be subject to UK tax if you are still living and are domiciled in the UK.

“ That things are unknown to a degree, is true. I have 39,000+ shares, if this paid a 52p annual divi (not impossible going by past years), that would be nearly £20,000. As you know, this is well over the capital gains allowance and would lead to lets say about £4000 tax. This is why (amounst others) any decision is important to me. It may be important to others too.”

Hi jotom - if held outside a SIPP or ISA dividends are subject to income tax at your marginal tax rate rather than capital gains, which would only kick in if you sold from your trading account at a profit which is over the annual allowance.

Surely the justification is the first sentence?

"Please note that under Stocks and Shares ISA regulations, assets that are not listed on a recognised exchange are deemed to be non-qualifying assets and are therefore not eligible to be held in an ISA“

“ The shares are private held and have nothing to do with the sanctioned PLC.”

Infinity surely this is nonsense.

“ Whole market is doing a Dead Cat bounce; rally is a Deep Fake and will spur capitulation before 'real' rally.”

Until we see signs of inflation stabilising this is more than a possibility imo.

We haven’t even had recessions confirmed yet although I think if/when this happens we will have found our bottom and it will be time to start buying consumer discretionary again.

BOE rates due this week with an expected 0.5% rise which I think will spur the current rally on further.

WG - what about protection when things go bad? Brokers have to regulated by the FCA, there’s also the £85k compensation protection from most banks/brokers.

I’d be having a look at what’s happening with some of the crypto lenders at the moment, who were paying out pretty generous returns on staking, etc, and be thinking again.

“ Wow - if you are simply untangling your affairs, you would just set up a new nominee or shell where you are the sole beneficiary or shareholder. That maintains your desire to stay below the radar. But RA has done something quite unusual here for a billionaire, I would say.”

This is the point I think he’s put front and centre what he owns, or rather what should be ring fenced rather than trying to hide his interest here and with others being potentially caught in the crossfire.

Hopefully that makes sense.

“ Anyway, I don't think your invested here so is this just a bit of an academic exercise for you...? If you've got no skin in the game, why are you bothering to post, out of interest?”

I’m keeping tabs on this for my own research of the markets, it’s an unprecedented situation which I’m watching with great interest. I like to engage also, so wouldn’t want to just sit in the shadows. I hope you all get your money back, which is why I feel feel infinity needs pressing so hard when he is dishing out quite strong advice with no real qualification of what his credentials are.

You would need to know the reason really - we would have gone through a massive re-organisation of his assets, possibly to untangle his affairs from anyone connected to him who might have been negatively impacted. For example, if there were other beneficiaries of the trusts or companies used to previously hold this assets.

"My concerns would be that large multinational brokers might be incapacitated from acting as agent due to the sanctions regime."

Would you same not apply to individual PIs though? You'd be partaking in the risks and rewards of ownership of a sanctioned company.

At the minute you're in limbo because of the suspension.

I don't think Infinity has any relevant qualifications so I could be very wary of following his advice, If you have a large holding seek out some proper financial advice. I'm pretty sure he was claiming the other week that debt repayments where the reason there was a disparity on Rasp's figures between the sales and gross profit earned and final net profit which were largely inconsistent.

Think about it as long as this remains a public company how can Evraz refuse shareholders access to the ability to sell their shares.

If they want to remain a public company they will have to work out how their internal system will transact electronically with the major global brokers. Otherwise how will they be able to raise capital in the future?

Plus how can they refuse to pay dividends to their shareholders the whole situation is laughable and I think this will end up becoming a private company.

Surely as long as this remains a public company you will be able to trade the electronic shares. The idea that holding the shares in paper form is going to give you some kind of ease and freedom seems absolutely ridiculous to me.

Which broker will be prepared to transact on your behalf in paper certificates. I think HL don't even offer this service form what I have read on here.

The only problem with looking at dividends payable is it's backward looking. For example, Persimmon are going to be and are facing substantial headwinds at the minute so there's a danger of the current dividend not being maintained which is what has just happened to Rio Tinto, which earlier in the year had a yield 10%+.

Pretty sure main list doesn't require separation of roles and we have discussed this before. That said the roles should always be separated as no individual should have the unfettered power of decision by holding the two most powerful offices in the company.

Poor - there was a market rally though last week until the US earnings started coming in.

Mentioned it to you before - btc is following the macro economics albeit with more exaggerated moves at each stage.

Poor - the big spike yesterday occurred once the FED announced their 75 point rate hike which sent the markets flying up, especially those that have been massively affected by the crippling inflation, so anything growth, tech or crypto.