ScrumpyJack’s Activity

Yesterday

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Boards Post

ScrumpyJack replied to the Exchange Traded Funds (ETFs) board. 19:04

Re: FTSE 100 performance variation

ok but that doesn't explain the underperformance of VUKE

Probably due to the same issue - treatment of special dividends as capital or income. You would need to look at dividends paid as well as the SP to get the full picture. VUKE [more]

Sat Oct 25

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Boards Post

ScrumpyJack replied to the Selftrade Products & Services board. 18:11

Re: Expat Equniti transfer

It appears TD Direct Investing do accept non-residents. I have used them for years and they are fine.

[more]

Fri Oct 24

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Boards Post

ScrumpyJack replied to the GlaxoSmithKline plc board. 12:19

Re: Results & divi announcement

They have maintained the current level of quarterly dividend (19p) and the same final div (23p) as last year giving a total of 80p. Anything less would have been perceived as a cut.

re Pharma's problems "new drugs takes longer and [more]

Thu Oct 23

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Boards Post

ScrumpyJack replied to the GlaxoSmithKline plc board. 18:31

Re: Results & divi announcement

The B share arrangement allows shareholders to decide whether they want to receive the cash as a dividend, subject to higher rate tax, or capital, subject possibly only to Capital Gains Tax

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Boards Post

ScrumpyJack replied to the GlaxoSmithKline plc board. 18:09

Re: Results & divi announcement

I just look at my probable income.
Which is being paid out of capital as they aren't earning it!

NL

Boards Post

ScrumpyJack replied to the Tesco plc board. 14:25

Re: TSCO Turnaround to Cost $4.9 Billion: HSBC

Repeat after me (again) please: "Inappropriate Targets drive Inappropriate Behaviours".

Frequently, in my experience, directors will push to the limits (and over) in order to meet results expectations even though there is [more]

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ScrumpyJack replied to the Bert's Investor Sanctuary board. 10:15

Re: Boris style economic future?

Could this be one reason why road surfaces in France are so much better than ours?

I suspect the main reason is that French roads are far less used than British ones. They have 2.5 times as many kilometers of road as we do, with a [more]

Wed Oct 22

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Boards Post

ScrumpyJack replied to the BHP Billiton PLC board. 16:47

Re: Operational Review

Doing a splendid job ramping up production as demand and hence prices fall. Not a very clever strategy?

Sat Oct 18

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Boards Post

ScrumpyJack replied to the Tesco plc board. 18:51

Re: Sum of the parts?

Quite right Speso, but Tesco's core business is not loss making (as far as we know!), it just isn't making as much as it used to.

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Boards Post

ScrumpyJack posted to the Tesco plc board. 13:43

Sum of the parts?

Tesco currently has a market value of £14 bn.
It is interesting to add up the values of all th e'non core' businesses that Drastic Dave could dispose of.
If you take the mid range value of the ones listed in todays Times, they are worth [more]

Tue Oct 14

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Boards Post

ScrumpyJack replied to the Ask A Foolish Question board. 18:49

Re: Scott Handling Assocaites

I'd go for the Coutts hands and promise each and every time.

I wouldn't touch either with a bargepole!

Wed Oct 8

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Boards Post

ScrumpyJack replied to the Tesco plc board. 09:57

Re: Does Tesco need rights issue?

A rights issue isn't just to raise cash for capex but can be used to pay down (expensive) debt. That may be the case with Tesco.

Tesco does not have expensive debt (at present). If it were to breach its covenants, there might be a [more]

Mon Oct 6

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Boards Post

ScrumpyJack replied to the Exchange Traded Funds (ETFs) board. 15:40

Re: VUKE

As discussed on this board previously VUKE treated all the Vodafone Verizon proceeds as dividend in the first quarter of this year (other ETFs like ISF did not). This means the historic yield is distorted by over 3%!

Sun Oct 5

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Boards Post

ScrumpyJack replied to the Selftrade Products & Services board. 14:27

Re: Eggs and baskets

I use 4 brokers. TD Direct, Barclays Stockbrokers, YouInvest and Selftrade, the latter 2 being for Sipp and ISA.

It is a fallacy that only your cash is at risk because even though the underlying investments should be held by nominees it is [more]

Sat Oct 4

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Boards Post

ScrumpyJack replied to the Tesco plc board. 17:49

Re: Does Tesco need rights issue?

Given that the business is shrinking rather than expanding (so needing less rather than more capital), that they have already announce a 75% cut in the dividend, that there are numerous 'non-core' businesses they can sell, and that supermarkets are [more]

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Boards Post

ScrumpyJack replied to the Value Shares board. 10:35

Re: Sector Asset Play - Supermarkets

Credit where it's due, Aviva did go on to recover

Hmm, depends where you start from. The SP was well over twice the current level 12 years ago. At the moment it's a good dead cat bounce, but lets hope it turns into a recovery!

Thu Oct 2

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Boards Post

ScrumpyJack replied to the Exchange Traded Funds (ETFs) board. 20:11

Re: 4 More Vanguard ETFs

perhaps vanguard are managing more a bit money than you, and there are some economies of scale.

and being a mutual they don't work on the basis of having to make a return on capital of at least 30% (probably a lot more for most [more]

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Boards Post

ScrumpyJack replied to the Tesco plc board. 18:55

Re: So why not sell?

The reason I am persisting with this is that, should (and I know it might not happen), but should the SP fall to 150p in the next couple of weeks/months than a 30% bounce from there puts it to 195p in 3 years.

and should the share [more]

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ScrumpyJack replied to the Tesco plc board. 10:23

Re: So why not sell?

The reason I wouldn't sell now is that I think in 3 years time the SP will be significantly higher than 180p. It may or may not go lower in the meantime, but I think Tesco has a lot of underlying strengths and in a battle between the big boys they [more]

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Boards Post

ScrumpyJack replied to the Tesco plc board. 08:59

Re: So why not sell?

My main point was for stock holders here to questions why they would continue to hold the stock, given that almost certainly the original criteria to owning the stock no longer applied.

Put it the other way round, Why sell now? The [more]

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Boards Stats & Trivia

Big red star, 1000 posts
Board Posts 1117
Recs Received 4242
People who have rec'd these posts 952
Recs to Posts Ratio (last 30 days) 5.70
Threads Started 46
Threads Started Percentage 4.12 %
Most Frequent Board Equitable Life Support
Very First Post Re: Article: Whitbread Goes Teetotal (19/10/2000)
Percentage of Posts Rec'd 75.02 %
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