B&M, Forterra & why HMRC is likely wrong on fractionals

Playing FTSE

► Episode Notes:

What parenting rite of passage has Steve W been through this week? Find out on this week’s PlayingFTSE Show!

This week, Steve and Steve are in to talk about the news. There’s also a stock for Paul even though, in one of the smaller surprises for the week, there’s no Paul.

We’re starting off with what we’ve been consuming. Steve D has been doing the decent thing and listening to people who disagree with him, whereas Steve W’s been taking the easy road and having his own views confirmed.

Then it’s on to the most controversial issue of this week that we dare to talk about – fractional shares. With HMRC asking questions, do either of the Steves have a coherent view to offer on the legitimacy of fractionals in ISAs?

After that, we’re in more familiar territory – Steve W promised a B&M piece last week and he’s finally delivering. Steve D seems impressed, but is it just because they’re headquartered in Hull?

Last, it’s Forterra – the brick manufacturer that both Steves own. Things aren’t going well for the company at the moment, with more factories closing, but is the long-term thesis still intact?

Only on this week’s PlayingFTSE Podcast! ► What We Consumed This Week: Jeremy Grantham: https://open.spotify.com/episode/0EYRzt0Wu1DELTN2wGh1fF Streetwise: https://open.spotify.com/episode/0E8yDDHIFyLcx9AabqgZSD ► Support the show: Appreciate the show and want to offer your support? You could always buy us a coffee at: https://ko-fi.com/playingftse (All proceeds reinvested into the show and not to coffee!) There are many ways to help support the show, liking, commenting and sharing our episodes with friends! You can also check out our clothing merch store: https://playingftse.teemill.com/ We get a small cut of anything you buy which will be reinvested back into the show....COMPOUNDING! (you read that in Svens voice right? Did Briscoe mention he got Sven on the show!?) ► Get a free share! Trading 212 is OPEN to UK users again! If you'd like to sign up and get a free share you can do so on the link below! And full disclosure we get one too! https://www.trading212.com/invite/FMh1Cuvp ► Timestamps: 0:00 Intro 8:47 What We Consumed This Week? 26:27 Fractional Shares 42:53 B&M 55:02 Forterra Update ► Show Notes: What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy ► Wanna get in contact? Got a question for us? Drop it in the comments below or reach out to us on Twitter: https://twitter.com/playingftseshow Or on Instagram: https://www.instagram.com/playing_ftse/ ► Enquiries: Please email - playingftsepodcast@gmail(dot)com