Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I got back in yesterday, it was a harsh post dividend correction. I can see 3/4 p today as a slow recovery occurs. I don’t see 300p this year, but do see 280p by year end.
The new team are mute and conspicuous with their silence.
HI spikey and others.
Yep fair point, was out after work drinking , probably clouded my judgement.
But I do think this is a good investment. I'm definitely winding down my AiM adventures and looking at income stocks to retiire on ,of which this is clearly a winner.
I do see a rally back, as the ex divi drop yesterday seemed severe, I will tapper my confidence to 3 quid next year 😀.
Gla.
Zac
While this wasn’t a great investment for 5 years. At this price, going forward for top ups or new investors, it is a good investment
Added, small.
(but think let1tbe is a little too optimistic / enthusiastic, this times round.)
T212 doesn't charge a platform fee either but it's not a flexible ISA. The interest on the cash may fall outside FSCS protection - details on their website rather than trying to summarise here but I'm happy with that risk in my own personal circumstances. The lack of fee helps averaging in / out of positions as I can trade in smaller amounts when I know I don't need the trade to cover those costs.
A strong US finish (especially tech) and FTSE futures up .7% I would hope this will open 5-10 higher
Looks like a good time to buy back in. What the opening price gona be??
Trading 212 pay 5.2% on any cash in your stocks and shares ISA ,and does not charge a dealing fee .
Johnoxxx - the point I was making was simply that in return for a dividend of 14.62p you've seen the value of your investment capital decline by 16.00p since the start of the year. So, to date, a negative total return.
And although LGEN pays a healthy looking dividend, that masks what has been a pretty unremarkable return over the last 5 years. During that time period with dividends reinvested your total return today would be 23.75%. An annualised average return of 4.35%
A simple global equity tracker fund would have returned 73.87%. That's around 11.70% pa.
That's just 1 reason why I've been selling down my dividend holdings over the last 3 years or so. I have other reasons.
Thank you Agami,
I wasn't aware of the ISA flexibility rules, but on reading about it further, it seems that the flexibility is set by the provider, not necessarily by Government, so needs checking the small print.
This is from the Money Saving Expert site (relates mainly to cash ISA's so stocks and share ISA providers may be more 'with it':
Providers that do offer flexible ISAs:
Aldermore, Bank of Scotland (variable ISAs only), Barclays, Clydesdale Bank/Yorkshire Bank (Flexi Cash ISA only), Coventry Building Society (Easy-access ISA only), Ford Money, Halifax (ISA Variable Saver only), Lloyds, Metro Bank (Instant Access Cash ISA only), Nationwide, Newcastle BS, Paragon Bank, Principality BS (variable ISAs only), Skipton BS, Tesco (Instant Access Cash ISA only), TSB and Virgin Money (easy-access ISAs only).
Provides that do NOT offer flexible ISAs:
Britannia, Charter Savings Bank, Co-op bank, First Direct, HSBC, Kent Reliance, Leeds BS, NatWest, NS&I, Post Office, RBS, Sainsbury's Bank, Santander and Shawbrook Bank.
Been out of this a while but think that xd fall was way overdone so taken an initial position.
Whether to build or trade will depend what happens going forward but to my mind a solid share at a good entry point
Sussex, thanks for explaining that
A forum is not the best place to get the facts. Saying that I don't disagree with anything so far, and would like to add that My cash is in an instant savings account getting 5.5%, my Stocks an Shares ISA with Freetrade costs £54 a year, with free commission on trades, trade as many times as I like, (Freetrade also have an offer, A free share/s worth upto £200 for upto £20k paid into the S an S ISA, So we are allowed to pay £20k a year in, and the Divs earnt within the ISA, is cash I take out, so is not included in my income tax return, nor is it included in the Dividend allowance. Also, you can remove from the ISA, £5k (or any amount) up to £20k during the tax year and pay it back in later, before 5th April. So the rule really is, you are only allowed to pay in £20k of new cash a year. You can still use it and return it in that same year. Not a point that is often said.
It is also possible to transfer some or all ISA cash to a ISA Stock and Share, with any other finance provider, but one is doubling the ISA costs if one keeps both ISA accounts open.
DYOR. Best wishes
Apart from your own ISAs there are other ways.
1. Spouse has their own ISA allowance, and transfers of capital between spouses is free of capital gains tax afaik. Obviously transferring any money to spouse means it isn't your own money anymore, so that's an aspect to consider.
2. There is SIPP. Obviously once money goes in, it can only be taken out in accordance with pension rules, such as currently going to be age 57. However if you are looking really longterm, then SIPP should be at least considered before discarding the idea. Sales of particular holdings can be done, and then reinvested in other shares or into funds.
"From holding around 30% of my portfolio by value in dividend paying stocks 3 years ago I've now reduced the figure to around 17% as of today. The reason? Well, this share is a prime example of why. As of today I've locked in a dividend payment of 14.62p, unfortunately it's cost me 16.00p in lost capital!!
I sold 33% of my holding here last month, 18% earlier this week and the balance (50% of my original holding) I'll continue to hold for the time being.
My investment in a simple global equity tracker fund has delivered a positive return ytd of 7.5%; my holding here (including future dividend) a negative 0.7%. An outperformance of 8.2%.
Total return is the key measure for me."
Maybe I'm missing the point but you're basing your numbers on locking in a dividend and then selling ex dividend when SP obviously dropped?? Who would do that? Makes no sense? Surely you sell before it goes ex and buy back on the drop, if you believe it will drop more than the divi, which yes it often does, or you would hold and receive the dividend and continue to hold until higher SP then sell (if wanting out) or hold long term?
Robleo,
Yes, you can pay into a stocks and shares and a cash ISA in the same tax year. But your total payments into them can’t be more than your £20,000 annual ISA allowance. So you could pay £5,000 into one and £15,000 into the other, or £10,000 into each of them. However much you put into them (and any other ISAs you might have), it can never add up to more than £20,000 in a tax year.
But I have already used my 20k on a cash ISA so my understanding is that I cannot open any other ISA in this tax year.
Yeah i have
Fretters, someone correct me if i'm wrong, but i thought you could have a stocks and shares isa as well as a cash isa
Not that I won't consider an ISA. Just that I have maxxed out my 20k with a cash ISA already so as to keep my non-ISA interest below 1k.
Director dealings say LGEN a sell.
Aviva a far better choice
Maybe a takeover bid be on the cards soon
As I said In my last post this has got a very long way to go and I have to laugh at some on here predictions 3 quid a share by June/July. Maybe next June or July.
Maybe an interest rate would help or an end to the war in Ukraine
Continuing to underperform the FTSE as expected. Hmmm!!
Share price down already by more than the dividend. Never fails.
If you have a wife and children then you could utilise their allowances and don't forget CGT could come in to play at some stage.
Any reason why you wouldn't consider an ISA?
It's down nearly 10% now since I sold some last week, but I'm greedy and want some more before buying back in, don't see this hitting 242 today !
I have patience though !