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The Budget – How Will It Affect Private Investors?

George Osborne announced the Government's Budget yesterday (8/7/2015). These were the main changes that might affect individual investors: - Personal income tax allowance will rise from £10,600 to £11,000 in 2016-17. The Higher Rate Threshold will increase to £42,385 in 2015-16 with further increases in subsequent years. - Dividend taxation will be substantially changed. Dividend tax credits will be abolished and be replaced by a new Dividend Tax Allowance of £5,000 with tax rates on dividend income above that at 7.5% for basic ...

Unhappy Shareholders at Sea Energy, Vislink and Blinkx

Perhaps it was the hot weather, or that folks have more time to spare in the summer holiday season, but shareholders in three smaller companies have been stirred to complain about a variety of issues mainly focussed on pay and overhead costs. Sea Energy Stuart Stafford has formed a Shareholder Action Group for investors in Sea Energy. See this web site for more details and to register an interest: https://seashareholderactiongroup.wordpress.com/2015/07/07/action-group/ His main complaints are about 1) Exorbitant central costs which destroy shareholder value; 2) ...

ShareSoc Site Visit to Xaar plc

I was delighted to join a group of fellow ShareSoc members, including investor and financial journalist Richard Beddard, on a visit to Xaar Plc’s Huntingdon factory, last Tuesday. This was...

Defeating Shareholder Democracy at Alliance Trust et al

The existing shareholding arrangements in public companies, with many investors in nominee accounts, now effectively frustrate shareholder democracy. Alternatively they make it either very difficult in practice, or enormously expensive. Let's look at a couple of examples where ShareSoc has some recent experience of requesting share registers - Alliance Trust and Rensburg AIM VCT. In terms of the size of the company and numbers of shareholders Alliance Trust is one of the larger public companies. It has recently come under attack from ...

How to turn 9.5% into 2.4% – British Smaller Companies VCT

British Smaller Companies VCT (BSV) have recently circulated their Annual Report  prior to the AGM on the 29th July. They had a good year according to the Chairman's report with the value of the investment portfolio increasing by 9.5% over the year.  But the total return (net asset value plus dividends increased by only 2.4% (a rise of 4.8p to 197.5p since launch). How can that be? The reason is simply that costs went up 56%. That includes investment advisors fees up ...