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Have a look at the last time Spreadex holdings RNS was released. There were 4 in about a week. 13% to 3% to 11% to below 3% in a week at the end of May.
Still no confirmed sales though?
What’s interesting is that the 10% line was crossed on the 2nd, last week but was reported today. Surely this was already factored into the SP. Yet we are seeing some big drops in SP... I also don’t think the volumes justifies the SP changes... but that’s my two bobs for what it’s worth
SPREAD BETTING ADVANTAGES
Financial spread betting has a number of advantages over traditional trading methods. What are the main benefits?
No Capital Gains Tax to pay*, no stamp duty, accountant's or broker's fees
Trade with leverage
Go long and go short
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Looks like a bit of a flaccid MM raid actually
Agreed...and buying 10% to hedge against is also a fairly stonking outlay! Have seen the occasional 3%’s like this but not 10%
Should CTEA issue an RNS to clarify the position?
Looks like someone's betting against the sp - if that was someone buying 10% of the stock, the rise would've been huge.
Surely this is Spreadex hedging their their customer's long positions?
So you can take a much larger exposure to gains or losses with less capital outlay?
It's possible. CGT exempt ISA's only allow you to invest £20K. It would mean someone who wanted to bet/invest/gamble significantly more but remain exempt from CGT (and remain anonymous) would use a spreadbetting service to do so. Maybe someone knows more than we do.
I don’t really understand how spread-betting works (above my pay grade too) but if it’s anything like a normal bet, could there be scenario where someone through spreadex has betted against the share value, or because it’s a 10% purchase it means that they anticipate the value will go up.... my mind is boggled
Interesting! Might take a look at that.
Spread betting gains are exempt from CGT.
Never quite understood the whole Spreadex equation, so is this individuals within the entity buying much like you would within say a nominee account? If so, they've possibly gone big into CTEA. Not sure how holding within Spreadex can save you from CGT hike as you need to hold in ISA for that. Above my paygrade.
Even more sells since the holdings RNS.
Is it because taking a position through Spreadex is more tax efficient and the person is worried by a potential hike in CGT. In this case Spreadex would have to advise of its TR1. Are the Higgs back?
Might explain the regular ramping, based on anonymous twitter rumours presented as fact. Its good for the spread bettors.
This is my first post, I’ve held CTEA since April .
Spreadex held 13 million shares back in June , there was much cogitation back then as to why .
My question exactly?
Why would Spreadex want anything to do with CTEA? They are an online betting company? Whats the connection?
Buys coming in
Spreadex 10%
That would be your spidey senses. No RNS today but that's fine. PIs want value accretive news not "puff" in Guy's words.
I sometimes wonder if he remembers he is a CEO of this company, with sale orders to seek and fulfill and to help protect the SP for their PI's.
Heres to hoping