Is the distribution a dividend or interest payment. ie taxable or non-taxable? Barry, John you both mentioned the company recently. Any thoughts on their performance(next year or two) in a depressed English property market/economy?
Dividends are tax free currently, but the government wants to change it. Will make very little difference in any case, whereas at the moment, the Companies pay taxes, thereafter you get your dividends, so in effect the companies are paying tax on dividends for you. Now the idiots want to change it, so then the companies will not pay the tax, so your dividends will be bigger, and then you pay tax on the dividends you receive. the money you get in your pocket will thus stay more or less the same. So basically they are just gonna change the one paying for the tax on dividends from the company to you. Total waste of time and money OMO.
John is right,also contact LBT or SBK, as in the past one was spared paying double taxation ,a special from to be filled in,hopefully still the same....They have as my understanding goes the only right to own shopping centres in th English contry side,no other firm will ever get that right unless ther is a change in the law,which is not likely as the locals in towns are afraid it will effect their turn-overs....They are also trying to fit in these days by buying in urban areas,prime property....i expect what u want to know is what are the prospects?....Well longer term,in my opinion excellent!....Just now they are showing that they were oversold,how ever it is likely to be a sideways movement for this year.
Yah! they also get a % of shop turn over as retal..so it fits your profile exacly..it is the one value play I agree with as they had very low dept levels until they bought covent garden..a mistake in my view. the big thing is rand hedge..I don't no what the PE's are but they used to trade at about PE33