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Ediston (EPIC) - Anomalously cheap & a secure high yield…

pje16
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Re: Ediston (EPIC) - Anomalously cheap & a secure high yield…

#439478

Postby pje16 » September 3rd, 2021, 3:26 pm

Performance over the last month
Image

Source: screen grab from Interactive Investor

flyer61
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Re: Ediston (EPIC) - Anomalously cheap & a secure high yield…

#439779

Postby flyer61 » September 5th, 2021, 10:12 am

The CEO of The Gym Group on Radio 4 this week mentioned they were actively looking at retail park units for Gyms.

This in today's BBC online:

Retail parks have fared best of all. Many are anchored by supermarkets, DIY and furniture retailers which have all done well during the pandemic.

Footfall at these sites is almost back to pre-pandemic levels, showing how shoppers seem happier to drive to bigger shops than visit High Streets and shopping centres in towns.


They missed out places like 'Pets at Home' and 'Halfords' which have been going great guns.

Roll on the year end results..

Where is SKYSHIP? I think he is in his 70's and lives in France but not like him to be so quiet. Maybe he is on the beach in Nice...

Here's the full link:

https://www.bbc.co.uk/news/business-58433461


Moderator Message:
Link added for convenience, and extract tidied up into quote format. (Not a requirement; just for posters' convenience.) --MDW1954

Swanmore22
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Re: Ediston (EPIC) - Anomalously cheap & a secure high yield…

#441156

Postby Swanmore22 » September 10th, 2021, 7:26 am

Hi Sky and All,

Accountancy query..

My company owns some EPIC shares in a corporate trading/investment account at HL
I asked HL if they can set my company up to receive the PID payments from EPIC without the deduction of 20% witholding tax
So far i have heard nothing back.

Other REIT"S produce exemption forms that the shareholder or their broker can return to the registrar .
From their website, EPIC"s registrar does not offer this. I have mailed them to ask if they would consider doing so.

If between the registrar and HL, they are unable to set this facility up for gross payment then I presume i will have to ask my accountant to
claim back the witholding tax on annual tax return..which would be a bugger.

Does anyone know the correct route for an exempt entity to apply for gross payments on PID ?
I presume its my broker as he holds the shares ..

Regards,

Swan

pje16
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Re: Ediston (EPIC) - Anomalously cheap & a secure high yield…

#441166

Postby pje16 » September 10th, 2021, 8:42 am

AFAIK
You will need to approach your broker
Unfortunately, it’s possible that some may charge for this, which may make the costs too much to be worthwhile.

SKYSHIP
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Re: Ediston (EPIC) - Anomalously cheap & a secure high yield…

#441480

Postby SKYSHIP » September 11th, 2021, 3:24 pm

Hi Flyer - just replied to yr July message - sorry, never saw it!

Anyway, back home to SW France after a brief holiday in Provence.

Nothing to add re EPIC at the moment. Remain a full allocation holder.

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Re: Ediston (EPIC) - Anomalously cheap & a secure high yield…

#442134

Postby Swanmore22 » September 14th, 2021, 12:45 pm

Re the reclaim of witholding tax, i got a prompt response from Ruth Wright at JTC, the registrars who sent me the relevant eligibility for gross PID payments form for brokers.
HL responded :"Unfortunately, this isn't something we can facilitate. All HL Fund & Share Account clients' holdings of Ediston Property are held in a pooled nominee account. Separating PID payments for clients who shouldn't be taxed would require a separate designation, which is not something we're able to do.
However, if you're exempt from withholding tax, you should be able to reclaim any tax paid through HMRC "

So we have to wait for reclaim..not the end of the world but an inconvenience

When i look at the net ,after all expenses and corp tax ,returns our conservatively valued estate is yielding 4.8%.
I still view directly managed property as lower risk than equities over the long term but the arguments for placing more of the available cash into equity holdings is getting more compelling.

Swan

flyer61
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Re: Ediston (EPIC) - Anomalously cheap & a secure high yield…

#442230

Postby flyer61 » September 14th, 2021, 4:24 pm

Interestingly Swanmore22 I am considering doing the same with our Limited Company. I am assuming the 20% can be reclaimed back when the annual accounts are submitted. Any further thoughts on this?

flyer61
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Re: Ediston (EPIC) - Anomalously cheap & a secure high yield…

#442231

Postby flyer61 » September 14th, 2021, 4:24 pm

Interestingly Swanmore22 I am considering doing the same with our Limited Company. I am assuming the 20% can be reclaimed back when the annual accounts are submitted. Any further thoughts on this?

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Re: Ediston (EPIC) - Anomalously cheap & a secure high yield…

#444904

Postby Swanmore22 » September 24th, 2021, 7:38 am

flyer61,

Reclaim of witholding tax via your co.tax return .

My understanding is that a uk company receiving dividends from another uk company, including PID"s from a REIT will be able to reclaim any witholding tax via annual return
I have done so before..not for EPIC yet as the distributions will be in 21-22 return.
Your accountant can confirm. There is a section on return where individual entries can be made to reclaim the 20% .

Worth checking with your broker first to see if they can apply for the dividends to be paid gross.

Swan

flyer61
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Re: Ediston (EPIC) - Anomalously cheap & a secure high yield…

#445003

Postby flyer61 » September 24th, 2021, 12:00 pm

Thanks Swanmore. HL have said they won't as they all holdings are held in a nominee account and they won't break out individuals or Companies.

Will read up this afternoon. Sadly my accountant is not well and I won't query with him at the moment.


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