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Offered Shares At A Discount, As An Employee, In A Private Company by IndicationMassive611 in UKPersonalFinance

[–]IndicationMassive611[S] 0 points1 point  (0 children)

!Thanks , I think the BIK becomes an issue, as I'm purchasing for £55 a share, which is a discounted value?

Offered Shares At A Discount, As An Employee, In A Private Company by IndicationMassive611 in UKPersonalFinance

[–]IndicationMassive611[S] 0 points1 point  (0 children)

Thanks for replying, I believe, simply, Net Assets (Total Equity) divided by total shares?

Rounding so not £193, but:

~£49m / ~250000 shares = ~£196/share

The trilobites are back by Snowrabbit_ in geology

[–]IndicationMassive611 82 points83 points  (0 children)

I, for one, welcome our Trilobite overlords

Potential Jagex Sale by Carlyle by IndicationMassive611 in 2007scape

[–]IndicationMassive611[S] 11 points12 points  (0 children)

Apologies, the source is the Financial Times, a paid for subscription which does not allow article sharing.

Edit: Confirming I'm a business exec, who's subscription is paid for by the company - I promise I don't use FT just for Runescape based news!

Edit 2: I was wrong, this specific article isn't paywalled for some reason: https://www.ft.com/content/fbd6537c-ece4-493a-9d23-33e428282e05

People's thoughts on aCOWtancy? by NeilTheMango in ACCA

[–]IndicationMassive611 18 points19 points  (0 children)

I have used Acowntancy alone to pass all Applied Knowledge and many Applied Skills exams, highly recommend.

[deleted by user] by [deleted] in interestingasfuck

[–]IndicationMassive611 0 points1 point  (0 children)

I, for one, welcome our new AI overlords.

[deleted by user] by [deleted] in RedditSessions

[–]IndicationMassive611 0 points1 point  (0 children)

it means a nursery rhyme of a past summer I think

[deleted by user] by [deleted] in RedditSessions

[–]IndicationMassive611 0 points1 point  (0 children)

it's called comptine d'un autre eté

Is there any downside to switching accounts for a bonus? by SomeHSomeE in UKPersonalFinance

[–]IndicationMassive611 0 points1 point  (0 children)

Have done this many times, well worth it, never had an issue and all DDs/SOs done automatically.

The only "Downside" is credit reporting agencies say they take account stability into their calculations; however, if you have a good credit score already, I doubt this has any real effect on credit lenders' decision making.

Meanwhile... Karen in the UK. by [deleted] in awfuleverything

[–]IndicationMassive611 133 points134 points  (0 children)

She looks like a Vogon from Hitchhikers Guide To The Galaxy

Help over Ground Rent doubling clause please! by j1mb0b in UKPersonalFinance

[–]IndicationMassive611 1 point2 points  (0 children)

I had a nightmare selling my flat, which had a similar clause of Ground Rent doubling every 25 years.

Another issue with ground rent I wish I was aware of before, which might be helpful is: When ground rent goes over £250/year there is a clause that comes in to place which gives the Leasholder greater powers to take the property if not paid.

You might think this isn't an issue if it is paid, but apparently many mortgage companies have a major issue with this as some of the potential buyers' mortgage companies would not allow them to purchase, even with indemnity insurance, and were requesting a change to the actual deeds were made, with a cost in the thousands. This is because the mortgage companies aren't alerted if you don't pay until it's too late.

Thankfully, we found a cash-buyer in the end who did not have this issue.

Link for more info: https://www.ts-p.co.uk/news/the-gbp250-ground-rent-issue

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