Investment Views - Consolidation

cloud_dog

Me dear old ma has got a few shares here and there mainly from ye ole privitisation days. I have been saying that I would look at her portfolio and look to consolidate the number / quality of her holdings.

So, to that end I would welcome peoples views on some of her holdings (some I know are worth retaining) but below are the ones that I would like to retain or consolidate, probably re-investing any sales into either the other good ones she's got or any other solid suggestions.

* British Gas
* BT Group
* Centrica
* International Power
* J Sainsburys (dog, definately going to sell it)
* mm02
* National Grid Transco Plc
* Scottish & Southern Energy
* Scottish Power
* Thus (not really worth much)

Comments............

Cloud_dog

deemy2004

Comments............

Cloud_dog

* Centrica
Disappointing performance, even if it recovers with the market, I would look to liquidate.

* J Sainsburys (dog, definately going to sell it)
Tescos or Morrisons if you want a little more risk.

* mm02
Keep this if you don't hold vodafone.

* National Grid Transco Plc
Good long-term investment.

* Scottish & Southern Energy
Your portfolio is heavy in energy related , 6 out of 10 stocks - Maybe get rid of someof them, i.e. this one to even up the balance a little.

* Scottish Power
Keep it  - Good fundementals, high yeild.

Rafter

No comments on the particular shares, but if she has a signficant private pension income and is therefore being taxed on her dividends, maybe some tax free vehicle like an ISA is a good idea?

Also why is she holding the shares? Is her estate liable for inheritance tax?

cloud_dog

No comments on the particular shares,  but if she has a signficant private pension income and is therefore being taxed on her dividends,  maybe some tax free vehicle like an ISA is a good idea?

All divi's are paid net of income tax (I thought). The only advantage for a share based ISA will be for capital gains. Can ignore this for the time being.

Also why is she holding the shares?  Is her estate liable for inheritance tax?

Holding the shares as part of a balanced investment policy (savings account, cash ISA's, bonds) and to help ensure some of her savings do not stagnate / deteriate because of inflation.

Other than some sell-offs, mm02 being an example, have tended to keep / re-invest in good solid company's with a good yeild. It's just that I've been meaning to carryout the review for a couple of years now and thought I should action something.

blinko

i would suggest wait for take over speculation to hit sainsburys again its bound to and then sell if you have to and dont be afraid to lose a little but if u get your money back you should take it considering you doggish view on them.

the rest im not to sure on but retail seems hit and miss at the moment