ScrumpyJack’s Activity

Today

NL

Boards Post

ScrumpyJack replied to the GlaxoSmithKline plc board. 10:00

Re: GSK - Novartis deal

‘Never Sell Glaxo!’

They said that about G.E.C. too! Everything changes (panta rei or omnia mutant as the Greeks and Romans used to say!) and with Pharma companies their patents do not last that long, so they keep having to find new [more]

Mon Apr 21

NL

Boards Post

ScrumpyJack replied to the Investment Trusts & Unit Trusts board. 07:22

Re: HL and ITs

I long ago warned my executors against paying probate valuation fees. I do not see why executors cannot work out a probate valuation for a few shares without a broker interfering.

In theory the value of shares for probate is not the [more]

Fri Apr 18

NL

Boards Post

ScrumpyJack replied to the High Yield - Share Strategies board. 17:31

Re: Asset Allocation

Having lived through the inflation of the 1970’s, in my mindset cash and bonds are much riskier than equities in the long term. The 1970 pound has now lost well over 90% of its value. In most years since then, the net interest received after tax on [more]

Mon Apr 14

NL

Boards Post

ScrumpyJack replied to the Exchange Traded Funds (ETFs) board. 14:07

Re: UKDV etf

As other funds start to distribute that cash from VOD you are going to see some startling yields.

Temporarily yes. Unfortunately ETFs take the default option when companies hand out cash and let the shareholder have an option to [more]

Sat Apr 12

NL

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ScrumpyJack replied to the Tesco plc board. 10:47

Re: Tesco slumps ahead of results

Hi Illiswilgig - if the out of town stores are such a millstone, surely it is good that they don't own the freeholds (as MRW overwhelmingly do on their large store portfolio) and can, with relative facility, slim down their exposure to this [more]

Mon Apr 7

NL

Boards Post

ScrumpyJack replied to the Selftrade Products & Services board. 11:53

Re: Money Laundering Steering Group

There is nothing in the .pdf link document setting out what execution only brokers must do that remotely justifies the questions in the form!

Indeed the document states that nothing is needed beyond the normal customer identification [more]

Sun Apr 6

NL

Boards Post

ScrumpyJack replied to the High Yield - HYP Practical board. 17:24

Re: Morrison, buy, yeah or nay?

There is one CGT tax planning option when one or other of a husband or wife is near to flaking out. That is to transfer any investments with large unrealised gains to the spouse nearing the end. The surviving spouse will then inherit the investment [more]

Fri Apr 4

NL

Boards Post

ScrumpyJack replied to the Lloyds Banking Group plc board. 17:40

Re: Scrip Dividend ?

For Lloyds the advantage is that it's cheaper to issue new shares than pay out hard cash.

Well no not really, they will have to pay dividends in future on the new shares issued, probably at a higher cost than the interest return on [more]

NL

Boards Post

ScrumpyJack replied to the Tesco plc board. 17:30

Re: Tesco finance boss 'to step down'

Mr McIlwee became focus of investor disquiet in October after Tesco shocked investors by reporting a collapse in profits at its central European unit

Must be very frustrating for them not to get insider information (sorry 'guidance') [more]

NL

Boards Post

ScrumpyJack replied to the High Yield - HYP Practical board. 10:47

Re: Morrison, buy, yeah or nay?

Sorry Arb, a rather sloppy misquote by me. It's a long thread and I was actually referring to someone else post which said 'capital doesn't matter'.

NL

Boards Post

ScrumpyJack replied to the High Yield - HYP Practical board. 09:46

Re: Morrison, buy, yeah or nay?

'Capital loss doesn't matter'

Well it does to the extent that it represents a worsening in the market's view of the long term dividend prospects for the business, and sometimes the market is right. In the case of supermarkets we have [more]

Tue Apr 1

NL

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ScrumpyJack replied to the Property - Markets and Trends board. 10:24

Re: Houses: the greatest investment delusion kno

I doubt it is true in my case (I started with my first house in 1968) and I think younger people really do have it tougher now

Yes, the difference is that in the '60s and '70s mortgage interest was tax deductible and inflation was [more]

Mon Mar 31

NL

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ScrumpyJack replied to the Equitable Life Support board. 09:43

Re: New EMAG campaign

Could the word 'compensation' be being used in the American sense in respect of EMAG directors, or am I being too cynical?

Sun Mar 16

NL

Boards Post

ScrumpyJack replied to the Investment Trusts & Unit Trusts board. 18:45

Re: Alliance Trust Annual Report

Well two possible reasons are that Investment Trusts can gear up by borrowing, and most do modestly, which if markets rise should improve performance, and secondly they can hold revenue reserves thus smoothing the dividend so not having to cut the [more]

Mon Mar 10

NL

Boards Post

ScrumpyJack replied to the BP plc board. 14:22

Re: BP Goes From Top Pentagon Fuel Supplier ...

and I'm trying to avoid buying any US products, or take any holidays in the US, until they sort out their biased and grossly unfair legal and political system (which I doubt will ever happen). They take hypocrisy to a new level and almost make Putin [more]

Wed Feb 19

NL

Boards Post

ScrumpyJack replied to the Royal Dutch Shell plc board. 19:25

Re: 4th Quarter 2013 Scrip Reference Price

I notice while all my other script dividend shares pay csh for the fractions of the share cost component nothing comes from Shell. What happens to these fractions accumulated when the cost per share doesn’t equal the cost of a whole share. Anyone [more]

Tue Feb 11

NL

Boards Post

ScrumpyJack replied to the Barclays plc board. 11:46

Re: Final Results - in full

what is the difference between Statutory and Adjusted results?

The statutory profit is the one that includes everything. The adjusted figure is the one that leaves out all the inconvenient negatives that management would prefer
[more]

Fri Feb 7

NL

Boards Post

ScrumpyJack replied to the GlaxoSmithKline plc board. 11:51

Re: Final Results

Since the accounting profession struggle to define a "realistic profit", would one not be best served by placing more emphasis on free cash flow (if only the accountants would climb off the fence and decide where interest income and [more]

NL

Boards Post

ScrumpyJack replied to the Paulypilot's Pub - Share Ideas board. 11:22

Re: Solar panels better than a Pension says Mini

You may well have a reasonable chance of your panels lasting out the lifetime of the subsidy - but I'd think it's pretty certain that quite a few installations will fail, or deteriorate significantly before that.

As this is off topic, [more]

NL

Boards Post

ScrumpyJack replied to the Paulypilot's Pub - Share Ideas board. 09:57

Re: Solar panels better than a Pension says Mini

Yes Solar panels are crazy, from the taxpayers point of view, but extremely attractive from the homeowner's point of view. I've had mine for just over two years so they cost £11,000 for a 4kw system but that gives me a net return of about [more]

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Boards Stats & Trivia

Big red star, 1000 posts
Board Posts 1010
Recs Received 3977
People who have rec'd these posts 908
Recs to Posts Ratio (last 30 days) 2.80
Threads Started 42
Threads Started Percentage 4.16 %
Most Frequent Board Equitable Life Support
Very First Post Re: Article: Whitbread Goes Teetotal (19/10/2000)
Percentage of Posts Rec'd 75.64 %
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