These companies emerge for a number of reasons, but can find their valuations go sky high, because a predator would avoid the money and hassle involved in getting an exchange listing on their own, by buying an already-listed company. Self Invested Pension Plan. Like a PPP , but the plan holder calls the shots in terms of which investments fill the plan. A tax payable on purchase of ordinary shares, including ordinary shares of investment trusts, as well as preference shares and convertible loan stocks. An index of 500 of the biggest and bestest companies in American industry.
Strips are the income components of a bond.
Government bonds are sometimes 'stripped' down to their individual parts. These consist of the income payments and the 'principle strip' which is the original capital part of the bond. The strips can be sold separately to bond fund managers. They help them to control how much income a fund generates for the investor. The UK strips market was launched at the end of last year, but there is already a large market for strips in the US and France.