London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Tony the rate I get from HL currently in my ISA is 3.7% which is as you know tax free so is resly worth around 4.7% if it were taxable income at standard 20% taxation and 6.2% at 40% taxation so its a good earner whilst waiting to get back into the market.
Tony, ozzy and mr T,
Thank you all for your input and tony that's very interesting the info you have provided so I'll bear that in mind before I get too excited next month on the 9th lol.
Atb
Ken
Ken
I got my interest today. Check your account under last 30 days and you will see it there as 9th June.
Tony
Ken
It never goes through on the 9th on that day, but the transaction record will show it is as being on the 9th when they get around to it later in the month. The real course of the delay depends on trading activity across huge numbers of HL Vantage/ISA or whatever trading account holders on the platform. So if in May trading activity was apathetic and very low all the interest would get paid earlier as the change in cash held was less volatile day to day. If in April there was a huge trade volume it takes longer for the system to provide the correct interest as so many accounts would have variable cash held day to day. When it does go through it will be listed as 9th of the month on the transaction record although it mysteriously appears quite a few days later. Do not worry about it you will get the 2.5% on any cash held.
Tony
From HL website
Interest is calculated on the daily cleared balance and paid monthly, the interest period is from 10th to the 9th of each month and payment is normally credited within four working days of the end of this period.
Hi Ken,
Glad that I may have been of some help, from your reply it seems as though you may have suffered some financial loss and remember your time spent thus far on trying to sort out the the matter has some cost.
If your account isn't credited on Monday then I think that calling the FCA for some advice would be wise.
As I've said before if brokers like H.L. were so expert in the markets then wouldn't they have made fortunes by now and sailed off into the sunset, but the reality is they aren't much better than a monkey with a pin!
So they make their money out of charging clients for talking chances with their money whilst they get their fat fees whichever way the trade goes!
In my opinion these advisory brokers should only get their fee if the their trading advice works out, if not then they should incur some of the pain their client has due to following their brokers expert advice.
Lets see how many of these stock market brokers and analyst stay in business if those rules were applied!
At the end of the day the markets are manipulated and bent , the house always wins , the FED and it's inner cartel know the NFP data three days before everyone else, the LBME is given exceptions.
from full compliance with Basel 3 by the FCA.
More US banks at least 53 are now in danger of failing and this could well impact on UK banks , not only that the former FCA chairman was warned in 2019 and did nothing yet he is now governor of the BOE!
Watch the video I posted earlier and look out for UK 2019, I also have emails from a UK MP who presented the case at that time, but no one with the power dare act at the time so the can was kicked down the road but it hasn't gone away !
In 2010, to highlight the crushing size of the national debt there was a 1,500 mile tour of Britain
by a custom-built clock one metre high by seven metres long, and mounted on the back of a 14m lorry. Its 80cm (32 inch), 14-digit red LED display counted up the nation's debt at the breakneck speed of £5,169 per second – that was, at the time, £446,575,342 per day.
2024
So despite us all suffering over 20 years of Tory privatisation and public sector sell privatisation and cut backs whilst our taxes have increased to the highest percentage rate in 70 years the UK national debt still increases at over £5000 per second !
https://www.nationaldebtclock.co.uk/
Mr T
Thank you very much for your excellent reply I will chase them on Monday first thing if payments not been credited.
I will tell them that I'm going to make a formal complaint to the FCA as payments have always gone in on the 9th of the month and I have documentary evidence to prove this fact over a 2 year period.
Up until around the middle of April I was heavily invested so the interest accrued on my account was minimal and not a problem for them to shell out but i decided to sell out for a rest period, so now the interest on the cash held is quite substantial and I'm very annoyed that they're holding in making money in their kitty rather than mine.
Anyway I will see what happens Monday.
Have good weekend Mt T
and keep the great posts coming through even if they deviate from cey I'm not bothered as educating people is very important.
ATB
KEN
a rest period
18 May 2024
Alexei Navalny’s close ally Leonid Volkov has vowed to "never give up" fighting against Vladimir Putin, so the late Russian opposition leader’s "ultimate sacrifice" would "not be in vain".
Speaking after a brutal hammer attack in March outside his home in Lithuania, where he lives in exile, Mr Volkov told the BBC's Sunday with Laura Kuenssberg the message behind the assault was "we know where you live, we can kill you, we are after you".
https://www.bbc.co.uk/news/articles/cd13xw92311o
The official version about a blood clot suddenly killing the 47-year-old politician on Friday may or may not be true, but the blame for his death still remains squarely with the Russian president.
https://www.aljazeera.com/opinions/2024/2/17/why-navalny-was-hated-in-the-kremlin-and-in-some-western-circles
Khodorkovsky spent nearly ten years in prison. In order to secure his freedom and get permission to see his terminally ill mother he wrote Putin a handwritten letter, making three promises: he would leave Russia to spend time with his family; he would stay away from politics; and he would not attempt to win back his shares in Yukos – his dismantled oil company – or get involved in any court cases.
https://www.intelligencesquared.com/events/how-the-west-can-stop-putin-with-exiled-critic-mikhail-khodorkovsky/
Hi Ken,
Sounds like pretty poor client service to me and that you are being given lame excuses.
I had a problem of late Centamin dividend credits to my HSBC trading account on two occasions four years ago, so after the first late credit I contacted them and they apologised for the missing credit and arranged for it to be credited within the next two days assuring me it wouldn't happen again , unfortunately I suffered the same problem with the next Centamin dividend credit so I contacted them again and this time raised a formal complaint, subsequently I received a telephone call from a customer services manager who apologised for the banks error and assured me it wouldn't happen again and that the outstanding dividend payment would be was credited to my account in a couple of days.
I explained that I was considering transferring may accounts to another bank because of a lack of confidence in the bank, the customer service manager said that they hoped that wouldn't be necessary and so it was agreed that if I gave my bank another chance then should I suffer the same problem again that every line of stock in my trading account would be transferred at no cost to an alternative bank/broker of my choice and that for this most recent error my account would be credited with a £200 compensation payment, I agreed to this and I haven't had any problems since.
You are paying H.L. for a service and it seems they aren't providing it , so give the FCA a call
https://www.financial-ombudsman.org.uk/contact-us
The FCA recently surveyed the 42 companies and found that the majority retained some of the interest earned on these cash balances. The regulator said this may not reasonably reflect the cost to those companies of managing clients’ cash.
Key Points
The FCA to investment platforms with concerns over the way they deal with interest earned on customers’ cash balances.
The regulator accused some firms of “double dipping,” charging clients fees for holding cash while also retaining a portion of their interest payments in a higher rate environment.
Many also charged fees to customers for holding cash, known as “double dipping,” the FCA said in a statement Tuesday, adding that companies have been told to cease this practice by the end of February or risk regulatory intervention.
ttps://www.cnbc.com/2023/12/12/hargreaves-lansdown-aj-bell-shares-sink-as-uk-regulator-warns-on-charges.html
Compensation for distress or inconvenience
https://www.ft.com/content/9065e3d0-09eb-4c0a-a8dc-61a69bc7ad16
https://www.financial-ombudsman.org.uk/decision/DRN-4153011.pdf
https://www.reviews.io/company-reviews/store/hargreaves-lansdown
Sorry the last words were any info would be appreciated.
Regards
Ken
Morning all,
Some of you must hold a HL account so I'm just asking has anyone re lived their interest on cash held on their trading account as its always been allocated on 9th of the month for the last 2 years however mine has still not hit my account.
I've rang HL yesterday and the guy said its because the 9th fell on a Sunday which is rubbish as there have been 3 Sundays that fell on 8th of month in last 2 years and my interest on cash has always been allocated.
Any in
The price of yellow and white metal grew on Friday as appetite for safe-haven assets seemingly increased amid the address of Russian President Vladimir Putin.
In his remarks at the Russian Foreign Ministry's meeting, the head of state warned that the world has come "close" to the point of "no return" due to the Western power's "arrogance." Putin also stressed the importance of establishing a new global security system and underlined that a dialogue on the Ukrainian matter cannot be reached without Russia's participation. The Russian president stated that Moscow would be willing to end the conflict in case Kiev withdrew its forces from the four territories Russia integrated into its territory in 2022.
Gold climbed 1.15% to sell at $2,330.67 per ounce at 6:50 am ET. Silver rose 0.98% to trade at $29.25 per ounce at the same time.
Baha Breaking News (BBN) / AB
Gold currently $2332.18
How close the Fed came to completely imploding after gold’s recent all-time-highs.
Where gold and silver prices could be heading in the short term and the latest updates about the upcoming BRICS gold-backed currency.
https://tinyurl.com/3u749h6r
Tony yes but wanted to check with someone who was on the periphery of the study albeit not directly involved with the submission, knows that the study was submitted to Government but not sure of the exact date.
Maybe worth me asking Centamin.
There was something on the Centamin website that supports what you have written Dasut.
I have done a bit of checking and appears as of sometime earlier in the year so suggest prior to licence expiry my contact tells me the Environmental Impact Study was submitted to the Cote D'Ivoire Government for approval and permitting so the ball would be back in the court of the Ministry. Unfortunately my contact isn't aware if there has been a formal response from the Ministry, so rather than fear the worse I will wait to see the results of the DFS which I suggest will be dependent on the approval and permitting.
The price of yellow and white metal grew on Friday as appetite for safe-haven assets seemingly increased amid the address of Russian President Vladimir Putin.
In his remarks at the Russian Foreign Ministry's meeting, the head of state warned that the world has come "close" to the point of "no return" due to the Western power's "arrogance." Putin also stressed the importance of establishing a new global security system and underlined that a dialogue on the Ukrainian matter cannot be reached without Russia's participation. The Russian president stated that Moscow would be willing to end the conflict in case Kiev withdrew its forces from the four territories Russia integrated into its territory in 2022.
Gold climbed 1.15% to sell at $2,330.67 per ounce at 6:50 am ET. Silver rose 0.98% to trade at $29.25 per ounce at the same time.
Baha Breaking News (BBN) / AB
Lol Mr T- hopefully won’t need to do that as we’re only a couple of months into the tax year- but yep, true statement.
Kitco News) – The established financial world order of the past 50 years is now transitioning to a new and unknown paradigm as the petrodollar agreement between the U.S. and Saudi Arabia was allowed to expire this past Sunday.
https://www.kitco.com/news/article/2024-06-13/saudi-arabia-ends-petrodollar-agreement-what-it-means-usd-bitcoin-and-gold
Never mind you can offset some of your capital gains tax with your £2000 loss, so its not so bad!
Even Martin Horgan expresses the opinion in various media outlets that that Centamin seems very cheap and that the future offers great promise, although despite this neither he or any of the BOD demonstrate any investor confidence in their own strategy by making some meaningful share purchases and putting some of their own skin in the game.
This can only demonstrate to the market the Centamin BOD despite what Martin Horgan and his fellow directors purport every quarter in slick presentations in reality they aren't really confident in their adopted strategy for the future prospects of Centamin!
So far Martin Horgan has been more consistent in delivering excuses than delivering the predicted results whilst the Capital clear up has yet to reach its conclusion and submit its final tally, the Sukari Bonaza grades seem as far away as they ever were and Doropo has yet to prove it's worth, so in the absence of the predicted results or substantiated good news the share price is in direct correlation with the manipulated POG.
Inevitably this reluctance by the new management to put their money money where their mouth is with the extended time scales on various issues, the Doropo uncertainty, the rumours of some possible friction with EMRA and the absence on any stamp duty on trades leaves Centamin extremely vulnerable to daily attack by the leveraged up parasitic CFD traders which in turn helps to bring about the erratic share price which does nothing to promote confidence in Centamin as an investment!
Has Centamin really changed, we await the substantiated proof!
Should also comment the ETF Van eck for gold miners is up 0.5%. This morning was an excellent opportunity to buy.
Your right about any time. Daily RSI has now hit 28.
Unfortunately my stop loss 2% cut in Tony- been one of those weeks when the data didn’t work for me- approx £2k loss, but can’t win them all and shouldn’t really complain as big gains last few months-
But the prob with the brain, well mine at least, is I don’t like a loss. Will wait for next entry point which could be anytime.
GLA
Just this week the average went up from $2206 to a current $2210. That is $255 per ounce higher than in 2023. The level of profitable is 45% higher yet the valuation accredited is only half that rate.