Standard Life Shares

bugbod

OOPS. Got that totally wrong then! Even more so because I was working on 1 for every 50:o :doh:

Thanks for pointing that out! Not really worth waiting for that then!;)

mad

bugbod wrote:

Can anyone post a link to check SL share prices

I have been using this one, someone posted it earlier in the thread

http://uk.finance.yahoo.com/q?d=t&p=&q=q&s=SL.L&m=L

Personally, I am still going to hold till September (Footsie debut I believe) and then see what happens

bugbod

Thank you. Bookmarked!

I can handle that - September isn't far away.:)

ReportInvestor

Here's some positive news for those who are still holding:

Broker recommendation on 1st August and 280p target price

Yahoo

"Evolution, the broker, has a buy rating .....and 280p target for Standard Life."

A remarkably similar outloook to our own Gorgeous George . I've sold 65% of my holding at 242p, 248p and 258p and now intend to run the rest at least until September (like mad) and probably until after July 2007 and the bonus shares.

full-time-mum

As a share holder virgin, can someone tell me
1:How divideneds work, when are they paid (on the anniversary in a years time?) and what sort of return is common?
2: In a years time, when everyone gets their bonus shares, is there likely to be another large block of investors selling their shares - presumably, this will cause a temporary dip - or will large investors also be waiting for this moment and push the price up again?

We missed the deadline and didn't sell at floatation so now need to decide what to do.

Reading this thread, some suggest that, if you decide to hold on for a bit that you decide on an upper price and if the shares reach this level to sell then - this seems reasonable to me, but I just have no idea whether the figures mentioned above are realistic or just pipe-dreams.

I'm also very confused by compushare. Is the Tuesday/Thursday block selling just for postal sales? If you sell on-line, do you get the price at the time you press the 'sell' button or is it still hit and miss?

Do you just pay CG tax or does profit from shares count as income and subjected to income tax too?

Thanks

ReportInvestor

AFAIK with Computershare the online price you see at the point of sale is the one you get

You have a £8.5K annual CGT allowance - so for most people there will be no capital gains tax to pay when they sell their Standard Life shares. Above that you pay CGT at your top rate of income tax.

Dividends get paid twice a year. The first dividend, payable in May 2007, will be around 5.4p, with a similar payout due in November 2007. Standard will try to maintain and increase these payments over time. Whether they can do this will depend on rising future profits. The prospective yield, at 250p, is therefore just over 4% but we have to wait for over 12 months to get it.

No-one really knows about share prices - but if enough brokers & investment managers are confident about the shares, there might be fewer sales and the price might rise. Unless you then get bad news about future profits or shares or the economy in general.

That's the market.

Chrismaths

On sale, as you haven't paid anything for the shares, the proceeds will all be classed as capital gain. You have a £8,800 annual exemption for capital gains, so I'm assuming you will be within this. Dividends are on the whole paid 6 monthly. These are liable to income tax - but if you are a basic rate taxpayer, the tax credit that comes with them settles your liability, so you pay no further tax.

full-time-mum

Chrismaths wrote:

On sale, as you haven't paid anything for the shares, the proceeds will all be classed as capital gain. You have a £8,800 annual exemption for capital gains, so I'm assuming you will be within this. Dividends are on the whole paid 6 monthly. These are liable to income tax - but if you are a basic rate taxpayer, the tax credit that comes with them settles your liability, so you pay no further tax.

Sorry if I'm being a bit slow this morning, but are dividends taxed at source? If so, as a non-tax payer, do I have to claim it back or can I tell them in advance?

EdInvestor

Sorry if I'm being a bit slow this morning, but are dividends taxed at source? If so, as a non-tax payer, do I have to claim it back or can I tell them in advance?

No, they come with a "tax credit" arrached, which pays the tax.You cannot claim this tax credit back if you are not a taxpayer.

Chrismaths

It's one of GB's big frauds. A company pays (usually) 30% tax on its profits through corporation tax. Until 1997, dividends were taxable at 20% and 40% (like savings income). So you would get a tax credit of 20% on your dividend (still not the 30% the company paid mind you) which was reclaimable if you invested via a PEP or pension, or a non-taxpayer. Gordie then "reduced" the amount of tax on divis to 10% and 32.5%, and the tax credit to 10%. He then made this non-reclaimable (hence the £5bn annual tax raid on pensions stories). So as a non income taxpayer, you effectively pay 30% on the earnings of the company, and as a higher rate taxpayer you pay 47.5% tax. Clever eh? It's why I always whinge about people saying "dividends are tax free" - that just perpetuates Gordon's big con.