This space is reserved for jonesj to introduce himself.
I notice ii offer a "Bed & ISA" service, where you can sell shares in your dealing account and buy them back straight away in the ISA, for one dealing fee. However, this is still subject to the bid-offer spread. Now whilst I believe we are not allowed to do an in-specie transfer, surely all the shares are held in the broker account, as they…
We're updating the Terms of Service. (extract from e-mail) "Investments older than six yearsIf there has been no movement for a period of at least six years on some or all of your investments we may gift a cash amount to a charity of our choice. We may also release any stock where there has been no movement for a period of at least twelve…
Thank you Graham, for giving very perceptive stand up commentary on umpteen shares on the Stockopedia stand at the UK Investor show today. Impressive stamina too. Also, the Stockopedia stand was one of the better presented. In comparison, I walked past the stand of a direct rival & thought my eyesight must be really crocked, but no, they really did have fuzzy unreadable text on…
Does anyone know of a low cost fixed fee financial advisor for a pension transfer ? That is from frozen Defined Benefit (DB) scheme to a SIPP. A colleague of mine is having problems finding one. Considering the same principles apply for most customers, charging 3% of the fund to provide variations on generic advice seems like another financial services racket. I had experience of…
Asking for independent verified data to show that Mr Minervini has outperformed is reasonable and particularly so if that individual has written a few books that he would like to promote. Also, if he's achieved astonishing rates of return AND has a large sum of capital, surely it would be more logical to concentrate on compounding that capital further, rather than writing books to share…
With the likely outcome of more currency printing in certain indebted western countries holding some gold is a consideration. I currently use mainly etfs for gold, topped up with a modest quantity of sovereigns, which are CGT free. However, if things got really messy, then etf gold might be subject to expropriation. The US banned holding gold in the 1930s. An alternative would be services…
The part of the H & T (LON:HAT) business I would like to understand further is the unsecured lending to sub-prime customers & in particular, I would want to see that they retain discipline. In past cycles there have been obvious issues with other providers lending recklessly, as we all know. Incidentally, I've recently seen close up specific examples of reckless lending from OTHER providers,…
I exited my small H & T (LON:HAT) position a while ago, due to concerns with their sub-prime unsecured loan business. I think that segment requires them to remain very disciplined with the lending and there is no way of me checking that. Admittedly, the reduced impairments and refocussing on loan quality are encouraging trends. I also sold Ramsdens Holdings (LON:RFX), since they had about…
I don't entirely understand the segmental reporting for H & T (LON:HAT). For the unsecured lending, they report revenue of £11.62m and gross profit of £11.62m I would be grateful if someone with a slightly better knowledge of accounting could tell me how this is achieved. If H&T borrow money wholesale and lend it out, surely the cost of the interest on this should affect…
