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Investment Trust Discount Reduction – The SEC example

by ShareSoc Director Cliff Weight. These are my views and not necessarily those of ShareSoc. Readers may recall my blog in Oct 2020 about investment trusts discounts and what to do about them https://www.sharesoc.org/blog/collective-investments/investment-trust-discounts-what-to-do-about-them-and-sec-example/ On Friday 28 May 2021,  SEC announced their new plan to help reduce their discount, https://www.londonstockexchange.com/news-article/SEC/contingent-tender-offers/14995537 : 2022 Contingent Tender The Board has determined to put in place a contingent tender offer in 2022, should the ordinary shares trade at a wider than average discount of 8 per cent. over the ...

Capital Gains Tax Review – Is It Simplification, or Is There a Hidden Agenda?

The Office of Tax Simplification (OTS) have published a second report on Capital Gains Tax covering practical, administrative and technical issues. They give a number of recommendations to the Government and I cover those that may affect individual investors below (at least the few who actually pay capital gains tax) and add a few comments: HMRC should integrate the different ways of reporting and paying Capital Gains Tax into the Single Customer Account, making it a central hub for reporting and ...

Sunday Telegraph, 30 May, Leonardo Governance Concerns

https://www.telegraph.co.uk/business/2021/05/30/minnow-activist-going-battle-defence-giant-leonardo/ quotes ShareSoc saying a CEO in the UK would step aside until the investigation concluded.

RKT : Reckitt Benckiser – Company Information and Vote Guidance

by Cliff Weight, Director, ShareSoc. These are my personal views and not necessarily those of ShareSoc. I do not own shares in Reckitt, because their EV (Enterprise Value) is four times turnover and I don't see great barriers to entry. Summary of voting issues The AGM is on May 28th, 2021. The share price over 20 years is wonderful, as the Stockopedia data shows. I have attended several of the company's AGMs, because (i) DSW, the German equivalent of ShareSoc asked me to ...

Shell: Shareholder resolution on climate change gets 30% support

Blog from Cliff Weight, Director, ShareSoc. These are my personal views and not necessarily those of ShareSoc. Support doubles to 30%, for the FollowThis! climate resolution at Shell AGM....