ScrumpyJack’s Activity

Yesterday

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Boards Post

ScrumpyJack replied to the EU Referendum - Stay or Go? board. 20:20

Re: A step into the known

Over the past thousand years there will be very little of use in the trade sphere that existed before we joined the then EEC.

This reminds me somewhat of the "What have the Romans ever done for us?" sketch from the Life of
[more]

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ScrumpyJack replied to the Economic Markets & Trends board. 20:15

Re: Debt,defaults and devaluations/global recession

The global economy is stuck in a 'death spiral' that could lead to a global recession, Citi warns
. A Citi report warned Friday that a combination of four global economic forces could lead to a global recession
. A strong dollar, sinking
[more]

Thu Feb 4

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Boards Post

ScrumpyJack replied to the Exchange Traded Funds (ETFs) board. 16:59

Re: High yield ETF

Bonds have two major sources of risk, Credit (whether you get your money back...) and duration ( how long until the bonds mature)

and also whether the value of money will have been significantly eroded by the time they are repaid. In [more]

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ScrumpyJack replied to the Bert's Investor Sanctuary board. 16:25

Re: Amazon

The difference between Amazon and the dot com companies given absurd valuations is that Amazon has built up a huge real business demolishing its competitors in the process,but it engages in a ruthless strategy of low prices in pursuing its expansion [more]

Wed Feb 3

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ScrumpyJack replied to the Paulypilot's Pub - Other Stuff board. 19:09

Re: Google Tax Deal

I agree with catoisdead2 that a good way to do this is by just stopping UK Corporation tax and taxing dividends as income

No, a more sensible strategy would be to have a lower rate of corporation tax (lower than Ireland), so the [more]

Tue Feb 2

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Boards Post

ScrumpyJack replied to the High Yield - HYP Practical board. 22:43

Re: Berkeley

As a result, B/C share schemes have pretty much vanished from the scene: they might still be of some benefit to shareholders who aren't subject to UK tax, but if so it doesn't seem that there are enough such shareholders to justify the costs of [more]

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ScrumpyJack replied to the EU Referendum - Stay or Go? board. 21:15

Re: Tusk statement

What happened to the promised reform of CAP?

Blair gave away a substantial part of our rebate in exchange for a commitment to reform the CAP. Of course it never happened as the French sank it, but we did not get our rebate [more]

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ScrumpyJack replied to the High Yield - HYP Practical board. 08:25

Re: Berkeley

Does this "return of capital" really act as a proxy dividend, or are they just paying you out part of "your" company? I don't really understand the mechanism - either they can afford to pay a dividend or they can't. Presumably, [more]

Mon Feb 1

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ScrumpyJack replied to the Investment Strategies board. 18:54

Re: Poll: EMH

But such an active approach is not a religion for me and I accept that it may subtract value. I don't bet the farm on the idea that I am cleverer that the markets.

Completely agree with you there Tivoli.

There is a [more]

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ScrumpyJack replied to the Property - Markets and Trends board. 17:04

Re: BTL: Cherie Blair fires first shot in legal batt

Cherie Blair QC has launched a legal battle against the Government's flagship policy to increase taxes on buy-to-let investments, claiming it breaches landlords' human rights.

What about my human right not to have to see that dreadful [more]

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ScrumpyJack replied to the Brokers and Share Dealing board. 17:01

Re: Barclays taking over TD Direct?

Yes I hope it fails. I use both (eggs and baskets!) and TD Direct is much better than Barclays.

Thu Jan 28

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ScrumpyJack replied to the Exchange Traded Funds (ETFs) board. 13:29

Re: Rights issues & other corporate actions

oes anyone know what the standard process is within index ETFs in relation to rights issues for example. Are the offers just ignored thereby potentially missing the offered value. The recent RPC rights offer is an example where I would prefer [more]

Wed Jan 27

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ScrumpyJack replied to the High Yield - HYP Practical board. 17:57

Re: South32 - dividend?

Beats me why anyone would want to invest in Africa, South Africa, India, all backward and corrupt in various ways

....maybe because this is where future world growth is going to come from?


Even if that were true I think it is [more]

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ScrumpyJack replied to the Property - Markets and Trends board. 12:02

Re: Rising rents/low wages/£25bn housing be

There is a shortage of housing in the UK reducing what people pay for houses would only work briefly for those with no house as supply and demand would drive the price up again.

Agree that reducing what people can pay will not greatly [more]

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ScrumpyJack replied to the Lloyds Banking Group plc board. 10:45

Re: Any optimistic holders out there?

<>i>Given that RBS has just announced a further £2.5b for PPI mis-selling, I expect LLOY to announce something similar (as I believe Sky reported). However, the end of the PPI issue is in sight.

Rather silly of Lloyds now to [more]

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ScrumpyJack replied to the Property - Markets and Trends board. 09:51

Re: Rising rents/low wages/£25bn housing be

Very unlikely we never had full employment when house prices were low in 70s, 80s,or 90s. Also low house prices is going to bankrupt many people or force them to become unemployed as they cannot afford to move to take new work on if they lose [more]

Fri Jan 22

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Boards Post

ScrumpyJack replied to the Investment Strategies board. 16:34

Re: Poll: Calling the bottem

payments of some Consideration in exchange for the Right to receive a future stream of payments of varying amounts and levels of obligation to pay them

So is buying a ticket in the LotteryUSA!

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Boards Post

ScrumpyJack replied to the Investment Strategies board. 16:18

Re: Poll: Calling the bottem

Well the future payments for the bond are contractually committed. There is no legal commitment to any future dividend payments for an equity. That is a pretty fundamental difference.

The value of the bond at maturity is also contractually [more]

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ScrumpyJack replied to the BHP Billiton PLC board. 13:09

Re: BHP Billiton should suspend dividend

BHP Billiton should suspend dividend

Every announcement for the last couple of months has stated that the first priority is to maintain Balance Sheet strength, which is obvious code for 'we are not going to pay a dividend we can't [more]

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Boards Post

ScrumpyJack replied to the Investment Strategies board. 09:20

Re: Poll: Calling the bottem

Your argument seems to be that equities are fundamentally different to bonds


Yes they are fundamentally different. Bonds are a promise to pay back a specific amount of money (in nominal terms) at a specific date in the future, in [more]

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Boards Stats & Trivia

Big red star, 1000 posts
Board Posts 1527
Recs Received 5348
People who have rec'd these posts 1144
Recs to Posts Ratio (last 30 days) 8.60
Threads Started 49
Threads Started Percentage 3.21 %
Most Frequent Board Equitable Life Support
Very First Post Re: Article: Whitbread Goes Teetotal (19/10/2000)
Percentage of Posts Rec'd 72.63 %
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