Our new website is coming soon, give it a try now and let us have your feedback. Take me to the Beta



Register
Login:
Share:
Email Facebook Twitter


TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential


Sirius Minerals Share Chat (SXX)



Share Price: 14.28Bid: 14.27Ask: 14.31Change: 0.23 (+1.64%)Riser - Sirius Minerals
Spread: 0.04Spread as %: 0.28%Open: 14.35High: 14.35Low: 13.83Yesterday’s Close: 14.05


Share Discussion for Sirius Minerals




View all SXX Messages

Please login or register to post a message on Share Chat.

Posts per page:

casapinos
Posts: 946
Opinion:No Opinion
Price:15.15
RE: my revised weighted average price
24 May '19
Mr math that's pretty much how I assess my investments. I then use the results (including divis, if any) to calculate an annual %age .I have set myself the objective of Inflation +10% for many years and have almost always achieved that . exceptions in 2001, 2002, 2008.But as often stated I am a cautious investor,and much of my money is in fixed interest or high divi yielding stocks. I find it easier to achieve steady returns rather than try to pick big winners(though I hope SXX is an exception!) As you recognise it is possible to achieve negative averages, mine here is ,after three investment periods, I am pleased to say, a number ~ minus 30p !!
 
modsto123
Posts: 65
Opinion:No Opinion
Price:15.15
RE: my revised weighted average price
24 May '19
FTSE 100 yields 5% for 2019 .this has to be taken into a/c when doodling around with average cost of holding nil yielding shares
modsto123
Posts: 65
Opinion:No Opinion
Price:15.15
RE: my revised weighted average price
24 May '19
what about loss of interest/divi over the years? that should be taken into a/c if we're working out our true cost base for SXX
MrMath
Posts: 665
Opinion:No Opinion
Price:15.15
RE: my revised weighted average price
24 May '19
"Why don’t you just divide the total paid by the number of shares to get your average? It’s pretty fool proof."

That is essentially the way I look at my average, with

total paid = total debits (for buys) - total credits (for sells)

taken over one's entire history with a given share. Then divide by the number of shares you currently hold.

You can end up with a negative average if you have traded very successfully.
BradSmith
Posts: 1,735
Opinion:No Opinion
Price:15.19
RE: my revised weighted average price
24 May '19
Just realised why the X and Y figures change!

We discussed this very problem when a poster did not get his expected quote on the OO.

On a day trade for Z shares, Z are new of course on the buy.
BUT when I sold Z on the same day these were taken from Y and the new Z shares were pending settlement!

Knowing this means I can adjust the price paid manually to get an accurate view.
BradSmith
Posts: 1,735
Opinion:No Opinion
Price:15.27
RE: my revised weighted average price
24 May '19
You can be mislead by the brokers portfolios.
I am correlating my accounts which is easy on X-O because they allow you to go back 10 years and download EVERYTHING into a spreadsheet.

I thought they were showing I had spent more on my shares than I had!

I started with my cash positions on nominee and ISA accounts and indeed proved that what I had paid for my Sirius shares in the nominee account was actually more than I had deposited!
Their figures until then looked possible!

BUT what they did reflect ignore any bed and isa's I performed between my accounts!
Both accounts reflected deposits from my bank whilst in truth the nominee received that cash alone!
So, I bought shares within the nominee account which I subsequently sold on a bed and isa and the funds were credited to the ISA.
My ISA is correct , but money needs to reflect it came from the nominee account and not my bank!
OR, as I have done, I treat the transferred amount as a refund (or withdrawal) to my bank.

Those refunds/withdrawals highlight how I appear to have spent more on SXX shares than my deposits.

Day trading shows the anomaly quite often. You start with X shares bought for amount Y.
You then buy Z shares on a day trade and sell Z on the same day for a profit or loss.
Your account should return to the original X and Y figures but it doesn't.
All these discrepancies mount up over time.
Janloftus
Posts: 39
Opinion:No Opinion
Price:15.29
RE: my revised weighted average price
24 May '19
as l have previously said mr jonesRichard your sp is much appreciated l always look forward to it . many thanks
Janloftus
jonesrichard
Posts: 2,453
Opinion:No Opinion
Price:15.27
RE: my revised weighted average price
24 May '19
Ok thanks everyone, will post it as and when I can, usually Alan or someone else does helpfully post it in my absence in any case.
verdeceleste
Posts: 374
Opinion:No Opinion
Price:15.26
RE: my revised weighted average price
24 May '19
jonesrichard
You're lucky my average is 23p
and I don't like his snarky comments either - he's just joined my filtered list :)
Verde
Thornback
Posts: 247
Opinion:No Opinion
Price:15.26
RE: my revised weighted average price
24 May '19
Yep, keep the closing SP coming please Jonesy, works for me and is appreciated.
As Scotman says your average is now 58226 / 323766 = £0.17984
JimboD
Posts: 302
Opinion:No Opinion
Price:15.26
RE: my revised weighted average price
24 May '19
Jones - please keep posting the close SP when you can. Some of us dont have access to live prices and appreciate it!
jonesrichard
Posts: 2,453
Opinion:No Opinion
Price:15.31
RE: my revised weighted average price
24 May '19
I post the closing sp when I can just to help out other genuine LTH board members, not something that I had to do but other members seemed to appreciate it, what do you do to help apart from post snarky remarks attempting to denigrate other posters unnecessarily?
jonesrichard
Posts: 2,453
Opinion:No Opinion
Price:15.30
RE: my revised weighted average price
24 May '19
Sorry for not knowing as much as you clearly do about investing, you get get mixed up with the use of the words 'know' and 'now' so you're not perfect yourself are you.
Theboard
Posts: 1,086
Opinion:No Opinion
Price:15.39
RE: my revised weighted average price
24 May '19
Know- now
Theboard
Posts: 1,086
Opinion:No Opinion
Price:15.39
RE: my revised weighted average price
24 May '19
I first thought when you put the closing price everyday that it was a pi55take. I know realise it wasn’t.
jonesrichard
Posts: 2,453
Opinion:No Opinion
Price:15.33
RE: my revised weighted average price
24 May '19
Ok Scotman thank you for confirming that, presumably HL will update accounts over the next few days to show up to date averages. Thanks
Scotman
Posts: 12,932
Opinion:No Opinion
Price:15.30
RE: my revised weighted average price
24 May '19
17.984p is your new average then.
As they say at Tesco, ‘every little helps’ ;-)
jonesrichard
Posts: 2,453
Opinion:No Opinion
Price:15.21
RE: my revised weighted average price
24 May '19
Scotman- my account states that I have have paid out £58,226.00 and have a total of 323766 shares.

Before this OO my average paid per share was showing as 18.04 but it is still showing as 18.04 after the OO

I'm guessing it must take a couple of days for brokers to update averages?
Theboard
Posts: 1,086
Opinion:No Opinion
Price:15.34
RE: my revised weighted average price
24 May '19
Unbelievable
Scotman
Posts: 12,932
Opinion:No Opinion
Price:15.32
RE: my revised weighted average price
24 May '19
Cool = fool
jonesrichard
Posts: 2,453
Opinion:No Opinion
Price:15.32
RE: my revised weighted average price
24 May '19
The thing that doesn't make sense is that it shows the updated share amount but it is stating that I still have exactly the same weighted average paid per share which can't be right as if your average is 18p and you buy over £3000 worth of shares at 15p then the average must come down? or is it just that the OO is a very busy time for brokers so it takes them a while to get round to accurately updating customers averages so they are accurate? if anyone knows the answer to the above it would be most appreciated if they could shed any light on this issue. Thanks
Scotman
Posts: 12,932
Opinion:No Opinion
Price:15.32
RE: my revised weighted average price
24 May '19
Why don’t you just divide the total paid by the number of shares to get your average? It’s pretty cool proof.
JimboD
Posts: 302
Opinion:No Opinion
Price:15.37
RE: my revised weighted average price
24 May '19
It doesn’t look like it’s had an amount applied to it in the transaction history yet, will all settle down next week I’m sure
jonesrichard
Posts: 2,453
Opinion:No Opinion
Price:15.37
my revised weighted average price
24 May '19
paid per share is still showing as the same in my HL account, will that be updated eventually to reflect what my average price paid per share is after the OO? or doesn't work the same when the shares are acquired through an OO? just wondering as surely buying over £3000 of shares at 15p should bring my average down under 18p if my average was 18p before the OO? any answers most appreciated. Thanks




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk







Home  |  Contact Us  |  About Us  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy  |  Mobile Site  |  About this website design


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.