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by scotia
June 25th, 2019, 1:39 pm
Forum: Beerpig's Snug
Topic: Southern Water
Replies: 6
Views: 185

Re: Southern Water

terminal7 wrote:. . . and the financial fees charged by the usual suspects for all the 'advice' during the series of t/o's would be at least 8 figures. Anyone hazard a guess?
T7

And I would hazard another guess - that the advisors hadn't a clue as to the technical aspects of the business.
by scotia
June 25th, 2019, 1:33 pm
Forum: Beerpig's Snug
Topic: Short call to arms - vote for Boris Johnson
Replies: 32
Views: 1634

Re: Short call to arms - vote for Boris Johnson

. It would be very unfair to levy NI on any income from these pensions as it would be a double dip. But for those of us who continued working (out of choice - not necessity) way past retirement age, our earned income was not subject to NI. I still think youngsters are getting a raw deal, when compa...
by scotia
June 25th, 2019, 1:12 pm
Forum: Beerpig's Snug
Topic: Southern Water
Replies: 6
Views: 185

Re: Southern Water

ScottishPower bought Southern Water in 1996, beating off a rival bid from Southern Electric. I recollect visiting Southern Water HQ after that purchase, and noted that the ladies in reception were now tartan clad! But by 2001 Scottish Power wanted out, and it managed to offload the business in 2002 ...
by scotia
June 24th, 2019, 5:18 pm
Forum: Investment Trusts and Unit Trusts
Topic: amati response to the woodford problem
Replies: 6
Views: 504

Re: amati response to the woodford problem

StOmer wrote:As I understand it, the agreement for HL to be notified, by Woodford, of any breach of the 'unquoted' level, only applied to the month-end data. As such there were no reported breaches of their agreement.

The devil's in the detail! Sailing close to the wind comes to mind.
by scotia
June 24th, 2019, 5:16 pm
Forum: Investment Trusts and Unit Trusts
Topic: amati response to the woodford problem
Replies: 6
Views: 504

Re: amati response to the woodford problem

One sentence caught my eye "If there are lots of sellers, but no buyers, then the stock is liquid for buyers but not sellers, and vice versa." since I have read on TLF many times that for every seller there is a buyer. Maybe Amati's knowledge of the markets needs some fine tuning! Pendrai...
by scotia
June 24th, 2019, 2:42 pm
Forum: Beerpig's Snug
Topic: The Lemonfool my pic of the day thread
Replies: 673
Views: 43034

Re: The Lemonfool my pic of the day thread

Snorvey wrote:Saturday morning. Your Skiff awaits Sir.

And will it be appearing, with yourself in the crew, at the Skiffieworlds 2019 races at Stranraer in July?
by scotia
June 24th, 2019, 10:40 am
Forum: Investment Trusts and Unit Trusts
Topic: amati response to the woodford problem
Replies: 6
Views: 504

Re: amati response to the woodford problem

Possibly also worth reading the note on the HL site on the Woodford problem https://www.hl.co.uk/news/articles/woodford-equity-income-what-to-expect-now where HL indicate that they were concerned in November 2017 about the proportion of small and unquoted assets in the Woodford Equity Income Portfol...
by scotia
June 24th, 2019, 9:20 am
Forum: Investment Trusts and Unit Trusts
Topic: amati response to the woodford problem
Replies: 6
Views: 504

amati response to the woodford problem

Interesting note by AMATI on liquidity in OEICs, and why they consider that they do not have Woodford's problem
http://amatiglobal.com/press.php?date=20190620
by scotia
June 20th, 2019, 10:39 am
Forum: Beerpig's Snug
Topic: The Lemonfool my pic of the day thread
Replies: 673
Views: 43034

Re: The Lemonfool my pic of the day thread

[quote="Snorvey"]From my first ever go at sea rowing last night.... [quote] OK - I'm intrigued. Clearly you are looking West or possibly WNW at this time of year. If you are on home ground, then I suppose the Lighthouse is on Tarbat Ness. On the other hand, you may be well away from your h...
by scotia
June 19th, 2019, 11:49 pm
Forum: Venture Capital Trusts (VCT's)
Topic: VCT Tax Relief Question
Replies: 11
Views: 896

Re: VCT Tax Relief Question

I have no idea what bearing any bank interest I received last year should have on a VCT Tax Relief claim, or how long it would have remained 'on hold' if I hadn't have phoned them, but at least it is moving forward. HMRC moves in mysterious ways but we always get there in the end. Interest is now n...
by scotia
June 19th, 2019, 7:50 pm
Forum: Computers, TVs & Phones
Topic: Upgrading an old bloke from XP
Replies: 32
Views: 750

Re: Upgrading an old bloke from XP

- but my impression was that big boxes were better value if smallness isn't on my list of requirements. That also used to be my opinion, but I don't think it really holds nowadays - Laptops are mass produced, boxes are not. So I suspect the box solution may not be cheaper. And provided your existin...
by scotia
June 19th, 2019, 12:34 pm
Forum: Polite Discussions
Topic: Rory Stewart - 007 ?
Replies: 29
Views: 732

Re: Rory Stewart - 007 ?

With Rory in charge of the Conservative party, and Tom Watson in charge of the Labour party, maybe there would be parties fit to govern. But I fear the extremist party members on both sides who now have the upper hand will never allow this to happen. So we get Boris and Corbyn - and each hope it is ...
by scotia
June 19th, 2019, 11:26 am
Forum: Room 101
Topic: 70% for Rory Stewart
Replies: 12
Views: 424

Re: 70% for Rory Stewart

I assumed that it had been closed because it had strayed way off the original topic and It also had strayed far from being a "polite" discussion.
The moderator's comment that it had "deteriorated" was accurate. I would have added "severely".
by scotia
June 18th, 2019, 6:26 pm
Forum: Polite Discussions
Topic: Rory Stewart - 007 ?
Replies: 29
Views: 732

Re: Rory Stewart - 007 ?

[See:- https://www.lemonfool.co.uk/viewtopic.php?f=63&t=17850 OK - many thanks for the response, and I can understand your logic But I'll repeat my additional point - maybe Rory could get a May-like deal through with some cross party help, and could avoid a General Election. Would that not appe...
by scotia
June 18th, 2019, 5:11 pm
Forum: Polite Discussions
Topic: Rory Stewart - 007 ?
Replies: 29
Views: 732

Re: Rory Stewart - 007 ?

I can't see past voting for Boris to bring this whole charade to a head and force Brexiteers to deal face to face with reality. But surely its the failure of Boris et al to face reality that is the problem However I do think it's hilarious the attacks on Stewart in terms of what he actually did in ...
by scotia
June 18th, 2019, 11:36 am
Forum: Beerpig's Snug
Topic: Things that make you go oooh thread....
Replies: 26
Views: 977

Re: Things that make you go oooh thread....

Ah - but when you reach an over-mature age, and you are with your GP who is testing your mental abilities - how will you answer the question - which side is your filler cap on? That one comes just before he asks you to count down from 100 in steps of 7.
by scotia
June 18th, 2019, 11:28 am
Forum: Polite Discussions
Topic: 70% for Rory Stewart
Replies: 59
Views: 1141

Re: 70% for Rory Stewart

I logged on here to look at opinions on Rory Stewart - see the heading!
Could I suggest that any responses (i.e. most) which have nothing to do with Rory Stewart should be excised?
by scotia
June 18th, 2019, 11:07 am
Forum: Investment Trusts and Unit Trusts
Topic: Popularity of Unit Trusts?
Replies: 19
Views: 879

Re: Popularity of Unit Trusts?

Unit trust managers spend a huge amount on newspaper advertising and, dare I suggest, that is the major factor in most financial commentators in newspapers almost always talking about 'funds' as if they are the only equity investment vehicle to be used. I wouldn't use the term 'popularity', it's si...
by scotia
June 18th, 2019, 9:13 am
Forum: Investment Trusts and Unit Trusts
Topic: Popularity of Unit Trusts?
Replies: 19
Views: 879

Re: Popularity of Unit Trusts?

The unit trusts mentioned are very much outliers. Fundsmith is a highly concentrated fund set up at the start of a strong bull market in 2010. BMO Asset Management, F&C IT''s management company, has a low-cost savings plan (£72 per annum for an ISA) where dividends can be re-invested automatica...
by scotia
June 17th, 2019, 11:49 pm
Forum: Beerpig's Snug
Topic: Banks
Replies: 34
Views: 806

Re: Banks

My experiences with banks started in the early 60s, but some of the manners and mores of the 50s as described by TJH still continued. Just before we got married, my wife-to-be instructed her bank to transfer her account, with its contents, to my bank and my account. This resulted in an interview wit...

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