Panel on Takeover and Mergers (PTM)
The body that ensures that takeovers and mergers are conducted fairly on behalf of all shareholders.
An offer of shares in the bidding company that may be ordinary, loan notes or another alternative.
This term is usually used to describe new issues of securities which have the same rights as similar issues already in existence. It means "equal in all respects."
These are investment funds that are designed to follow or ‘track’ an index, for example, the FTSE100. The Fund Manager does not take ‘active’ investment decisions.
Price / Earnings To Growth - PEG Ratio
Used to determine the relationship between the price, earnings per share, and the forecast growth of a Company the basic formula for which is Price earnings ratio / Forecast growth.
These are orders that have been accepted, but which have not yet been dealt, for example orders placed 'At best' outside of market hours. Whilst orders are in this status on your 'Order Status/Cancel' page then you will see a 'Cancel' button next to the order, meaning you have the option to cancel the order before it is dealt.
Stands for price/earnings to growth ratio. It is calculated by taking the stock’s price-to-earnings (P/E) ratio and dividing it by the growth rate of its earnings for a specified period of time. The PEG ratio is used to help determine a stock’s value while taking the company’s earnings growth into account. Generally speaking, a PEG ratio below one is desirable.
Personal Equity Plan. As a result of regulatory changes enforced on 6 April 2008 all PEP accounts automatically became stocks & shares ISAs.
A tax-efficient way to accumulate savings for retirement. Contributions into a pension fund receive tax relief and a proportion of the eventual payout can be taken tax free from age 50. The remainder must be used (either on retirement or by age 77) to buy an annuity to provide income for the rest of the investor's life. Personal pensions can be either individual arrangements, or provided by an employer (known as Group Personal Pensions) although unlike an occupational pension there is no requirement for the employer to contribute.
Personal pension holders who do not wish to take their pension all at once can stagger purchase of annuities over several years.
Permanent Interest Bearing Shares are fixed interest bearing investments issued by building societies and are listed on the London Stock Exchange .
Term used to describe when a company's broker contacts his own clients and offers the shares to them. The general public will not necessarily be offered any shares.
This is the name given to a distributor of investment funds and other retail investment products. They will provide a range of services including administration. Barclays Stockbrokers is a platform service provider.
A selection of different investments held by you.
A named individual who is responsible for the initial construction and the ongoing running of a client's portfolios to meet investment goals agreed with the client.
A statement of your holdings and their market value at any given point.
Similar to ordinary shares but preference shares normally pay a fixed dividend and rank ahead of ordinary shares for dividend payment and in a company liquidation.
Price / Earnings Ratio
The share price of a company divided by the earnings per share. A high P/E ratio implies that the company is well thought of for its future prospects.
A formal written document describing the history, background of managers, fund objectives, a financial statement and other essential data of the company that wants to sell its shares on the stock market.
Individuals can choose to contract out of the State Earnings Related pension scheme by investing instead in an Appropriate Personal Pension plan. The benefits bought are known as protected rights. Whilst the Barclays Stockbrokers SIPP is not an Appropriate Pension Plan, so can not be used to accrue additional protected rights benefits, existing protected rights can be transferred into a SIPP and can be managed by the member.
A nominal charge of £1 on deals with considerations of £10,000 and over paid to the Panel for Takeovers and Mergers.