BoE increases base rates to 5.25%

No and neither do they need not have. So you purport to speak on behalf of others whilst being ignorant on the issue.

Rather stupid I'd have said.

Daytona

Reply to
Daytona
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ICICI have raised their rate to 5.65% effective from 11th January,

Peter

Reply to
Peter Robinson

Well that's not at all bad then, since it's tax free to non-HRTPs.

Reply to
Ronald Raygun

In message , snipped-for-privacy@invalid.invalid writes

All of the big Clearing Banks changed their base rate immediately. They put adverts in the paper.

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Reply to
John Boyle

In message , Ronald Raygun writes

Its 'tax free' its paid with no further tax to pay to non-HRTPs (assuming the divi doesnt take into the higher band)

Reply to
John Boyle

That's what I said. It's tax free to non-HRTPs.

Reply to
Ronald Raygun

"No further tax" "Tax free".

Reply to
John Boyle

The company has made a lot of profit and paid corporation tax on it. Afterwards, there is all this money sloshing around in the company vaults, and the bosses all gather round and say "Well, we ought to give some of this to our shareholders so that they'll think we're very nice people" and "Sure, but we mustn't give them too much of it, because we could do with re-investing some of it in expansion and in staff training, recruitment, and retention, starting with a swimming pool for board members and their secretaries".

So they all agree to think of a number, halve it, and write it on the outside of a sealed envelope, which is then taped to the wall. Lots are drawn and the loser is blindfolded and throws darts at the envelope until one of them doesn't miss. This may take some time. The number closest to where the dart sticks IS IT. And the winner is 5.85%.

The point is that "no further tax" implies that there is some prior tax. Apart from CT, which it would be disingenuous and misleading to count, what such prior tax is there?

Reply to
Ronald Raygun

Except that I don't see much prospect of significant growth in their underlying business, the divi is barely covered by earnings, and hasn't increased for years, and most of their profit comes from PPI which is under threat.

There are (IMO) better high yielding shares with a serious prospect of significant medium term growth out there - but as nobody seemed very interested in my Hot Tuna tip I'm sure there is no interest in knowing which one I bought recently :-)

Reply to
Miss L. Toe

ISTR the usual suspect is RBS ? I don't take any notice since I'm overloaded with financials, as I suspect are many who follow contrarian/high yield strategies !

and since you're into hot stocks, have you had a look at Hot Oil ?

Daytona

Reply to
Daytona

Nope not RBS - I was thinking of Spectrum Interactive - SIN

yield 5.5% P/E 8.4

Good early stage recovery story.....

As for oils - it is not really a sector that I properly understand so I am keeping away from it.

But as I am about to top up my Sipp I need/want to buy 3 stocks in the next few weeks and am prepared to take a bit of a risk so any suggestions welcomed......

Reply to
Miss L. Toe

Ah, right, for some reason I was fixated on Financials.

How quaint, a bit like all those old telephone booths now piled up in junkyards or sold to the yanks and Japs ;-) !

How much do you need to know ? Oil is finite. Consensus is that peak production (peak oil) is between now and 2030 . Cost of extraction is $5-10. That's about the limit of my knowledge. Less is more as they say..... (at least, I hope so !)

I don't know your strategy, so it's probably little use, but BHP Billiton (BLT)

Daytona

Reply to
Daytona

Have you seen the phone booths with Internet terminals inside ?

(have you seen anyone using them)

I would have though that the prime thing to look at from an investment point of view is how much reserves a company has and how stable an area these are in.

I get very frightened about Russia and Venezuala and places like that.

I suspect one should also separately look at refining and distribution almost as totally separate companies / businesses. So analysing BP or Shell deosnt seem straightforward to me.

But one could always take the simplistic view that the market is perfect and the price is correct :-)

Thanks - I will study BLT - My SIPP strategy is to take risks and try to find the next Microsoft / Apple / Tanfield etc

I am far enough away from forced retirement not to worry about a few crashes and have a good enough spread that one or two shouldnt devistate the portfolio.

But closed enough to early retirement to want to seek out that one that is going to double every 3 months and make a decent early retirement more than a dream.

My 'real money' investment are in much more boring value / high yield stocks.

Whilst my ISA's tend to be in unit/investement trust BrICs (BRIC with very limited Russia) :-)

Reply to
Miss L. Toe

No and no. My comments were based on the threat of WiFi/3G, but I now see that they are into that as well.

Just so long as you are paying as much (more?) attention to avoiding the ones that are going to half ! They are probably easier to spot.

There's definitely the case for having Indian and Chinese exposure in the most sober of portfolios. I have in the past held Templeton Emerging Markets and long ago Fleming Chinese and Indian. The thing that struck me was that they were only really keeping pace with my UK equities. I never worked that one out. I would again be looking to add TEM and Henderson Far East Income (HFE) to my pension if they drop to attractive prices.

Dunno if you're interested in the Personal Assets Trust quarterlies they're an interesting and informative read. If the book's no longer available you can get added to the mailing list by emailing snipped-for-privacy@fandc.com

Daytona

Reply to
Daytona

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