Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Sorry, touched the wrong button and submitted my post early, lol
Well, now the pandemic is little bit more under control. Let's hope that 2021 is a good year for the stock markets. So that we can make up some of our losses. Fingers and toes crossed, no more disasters........lol
Enjoy your weekend my friend and let's look forward to next Monday.
s_i_d_i
Hi CSDI morning.
Well I used to buy preference shares years ago for income purposes but never EFT. Therefore I have no experience in that field but it does seem a bit complicated for me though. I better stick to something I am more familiar with. I wish you a very best of luck whatever you decide to get your hand on.
Hi s-i-d-i
I am considering buying an ETF called SUK2 if the market keeps climbing.
It is a way to buy a fund that profits if the FTSE100 goes down - it's the only option I can find in my pension scheme that gives some cover on the down side. It is a bit cumbersome from previous dealings with it, and is supposed to double the movement. That is if FTSE drops 1% the ETF should go up 2%. Good in theory but only works in the short term for a few days. Over time it moves away due to ex-divs adjusting. The other ETF (to go long on the FTSE100) is called LUK2 and goes up 2 x FTSE and works properly over any period of time (more or less).
Just an idea, and deffo have to be careful and know what you are doing.
I've used it several times over the years (SUK2) with mixed results as my timing is not too clever as you know LOL.
I've got a little bit of cash to spend, so might top up IMB on a pull back before ex div.
And intend to keep a little (say £2K) to put into SUK2 when the market looks like it wants to take some profits off the table.
FTSE100 up 9 days out of last 12 (from 6859 to 7129), so I suspect a little pulback coming soon but not in sight just yet - have to let the market do its own thing - as can go on and on and on when it wants (in either direction !).
My next target for IMB is around 1670 and guess I will be selling my trading batch later this month on or before ex div date.
Cheers & GL my friend - CSDI
Good evening CSDI my friend. So, you got your dividend at last, about time hey?
Now you got more money to buy more shares then, lol
But the markets are at their highest since the pandemic struck. Most shares' prices are dangerously high. Maybe there will be a major correction anytime now. Need to be careful though.....hahahaha
Goodnight my friend and have a nice weekend.
s_i_d_i
Yes, it's now over £16. £17 next week perhaps??....lol
My previous two posts didn't show all day. Only just appeared. What's the matter with this site!?!?
Dont know where todays posting are as not visible at mo - typical LSE system issue.
Another good day for IMB up 18p.
Ex-div should be end of month too, so fingers crossed for a slow and steady cimb up the worry wall.
Note to Riskingit:
Dividend got paid after close of market today - prefunded by embark - who tell me Equiniti still not paid them after ongoing dialogues etc. I am waiting for a proper response to my complaint that will determine whether I close the account or not.
Nice to see IMB on the move, still massively undervalued imo, with a suspiciously high divi that would be ok if SP was based a more normal P/E ratio. Very much unloved by the city and ESG brigade. It is difficult to understand how such a cash generative business can ride out the Covid-storm and have a lower SP while other travel/leisure shares in financial problems with huge loss of income etc still get valued so much higher. RNK shares have seen their SP fly north while their business is decimated to a minimal online presence. Strange but there we go.
Note to s-i-d-i
Yes we are over £16 now hurrah - where to next ?
Cheers & GLA - CSDI
This site is really poor. Few of my posts were delayed showing for many hours. There are other issues too and they seem unable to fix the problems.
Yup, it has crossed the £16 mark but struggle to pull away. There's 50/50 chance of falling back. Let's hope it will stay up there or even move up more........hehe
Hi CDSI
I was also with AT but refused to go to Embark.
I argued I was none advised (sacked my advisor 5 years ago) so they said I could switch to any provider I choose for no fees. HL were offering a cash bonus for transfers at the time and their fees are reasonable for my porfolio. It was a painstaking process though and took about 3 months from start to finish. My ISA is with Barclays and their fees are reasonable too plus their dealing charges are low (useful if you're trading frequently)
Either way I hope it works out for you.
I wonder what tomorrow will bring. Over £16 perhaps??.....
I know it's a bit too early to dream but that's highly possible hey? Provided that the markets will stay steady....
It's lovely to see such a big spike. Long may it continue. And good luck with your second batch. Hope your target price will soon reach.......
Yes sidi - just offloaded 100 shares for a 10% profit in just under 6 months. All I need now is rinse and repeat LOL.
This was from buying @ 1483 on 20h Nov, with 2 x 48 p divis. Nice result.
Leaves me holding 150 @ 1411 from 19th Feb, plus the horror 103 @ £29 from 29/1/2018.
So far had £600 divis on the 2018 shares, to help ease the pain.
I like to have a couple of batches when I can, so can sell and hold on spikes in SP.
I am sure you are doing quite well with your shares - much better than me.
I keep a written plan to give me targets, which is not a gospel, but helps keeped me focused on the overall plan.
About 1/3 of my p/f is HY hold, with 2/3 for trading - aiming for small profits.
Probably not the best idea, but keeps me entertained.
Cheers again - CSDI
Anyway, the SP is now up 43p, almost there for you to offload one of your batches CSDI. Good luck to that.
Whoa, what a wonderful day!!
Thanks so much for you advice. But right now I have only about 6% of my portfolio in cash(after selling BP yesterday). Waiting for it to fall back or POLY to fall back then buy either one of these two back. No more spare cash to do any other trades. Also I already bought all high yield(except LLOYDS) shares. Don't think I'll touch any of them any time soon. So, I'll sit on my hands for the time being......thanks again my friend.
Hi Sidi,
Looks like we are going in opposite directions. I was investing for divis, but now more focus on trading.
I think HY is a better option when I am older, aiming for income off a steady capital base.
My capital base is too low to be effective, so need to grow that first.
If you are conecentrating on HY shares, I would suggest looking up "Stephen Bland" and HYPs on TMF, where he posted as PYAD or something like that. I used to pay for "The Dividend Letter" whch was a non-trading investment idea.
If I had stuck to my original 20 or so HY shares from 2018, I would be better off now by about £3-4K than I am now and that was from a start of £60K. (I had invested 3K each in 20 sectors for diversification, but started to sell some when I feared they would lose all their capital, and swapped a lot with LY covid drop).
It's all about risk/reward and Stephen Bland suggests diversification is the best we can do, without ever being able to remove all risk as that is impossible.
When I started I allowed about 10% of my p/f for fun/gamble shares.
Bland recommends no trading - as he would say most traders lose money over time - which I am sure is true. Of course there are some expert traders but the average PI fails more often than not. If you look at CFD and spreadbetting adverts, they say over 70% of retail invesotrs lose money !
GL with your shares whatever you decide.
Cheers - CSDI
Hi Risking it,
I am sure I will be ditching Embark in due course, but it is much more long winded with a SIPP than a standard shre dealing account. I have several complaints being investigated and expect some form of compensation.
As I have recently started trading more often, the commissions have been racking up, and I would be better off with a lower cost provider, but there are fees for admin and withdrawals to consider as well. With few trades this was a good-value platform, but since the transfer from AT to Embark it has been a shambles, so i've also complained to Scottish Widiws about the shockng service as well.
I have used Halifax SIPP before and found that more cost effective for dealing, as well as having a low admin fee for SIPP <£50K, whereas HL charge 0.45% for all SIPPs upto £250K.
I was looking at IG, but they are not taking transfers now.
I will either move or get Scot widows to put me in a comparable position. Plenty of years ahead to sort out and ultimately will move to an ISA, but not while tax would be paid on withdrawls.
Well, not everyone is rich. You got to start from somewhere. I am a poor pensioner myself. To make things worse, my investment skills are crappy as well just like you. Therefore I am getting even poorer every year......lol
After years of trying, I have changed my tactics. Now I go for high dividend instead of capital growth. Have to see how it goes before I decide what to do next.....so, wish me luck..... hahahaha!
Also you really need to ditch your trading platform. Barclays and Hargreaves often have the div in your account within a day or so of the pay date
Hi CSDI
When you nail the 10% per year gain can PM me with the solution :-)
I'd pay hansomely for that kind of knowledge - Especially in the FTSE
Hi sidi
Very good chance you will be in profit shortly.
For comparison I have the phenomenal sum of 353 shares in IMB, and that is my biggest holding (at 13-14% of my p/f).
so no - I will never be rich - but I do enjoy following the markets.
I remember seeing one poster who had invested so much in IMB his annual divi would dwarf my whole p/f.
My target for this year is to make £100 per week, to recover last years £5.5K loss. Now you know why I have to work until at least I can get my state pension - only 9 yrs away now.
The big advantage I have is no fear of losing - it would not be life changing if I lost the lot - but if I can make 10% p.a for a few years that will make a difference to me and Mrs CSDI.
Cheers, take care my friend - CSDI
Good afternoon my friend. No, not really, in fact I only got 2400 shares of IMB. Small fry compare to many big boys here.......lol
And my break even point is £15.98, very high indeed. Need this to surge quite a bit more to go blue, which is highly impossible. Provided that the markets will not do a big about turn........hahahaha
Hi s-i-d-i-
Can't decide whether to offload 1 of my 3 batches - all chicken feed compared to your investment.
you may have more in IMB than I have in my whole SIPP lol.
Funny that I have set a target of 1588 to offload my cheapest batch, then 1670 for my 2nd batch and will have to keep hold of the original batch that cost £29 per share.
There is not a lot of time bw H1 results on 18th May and the ex div date, which I am expecting to be 27th May.
This divi is the lower one, so will be around 21p, based on LY 20.85p. Strange arrangement with their divi of 1/3, 1/6,1/6,1/3.
I am hoping we get a run back to 1650 at least, which was hit in January, before a little run back to my starting point of £29 !!
Cheers - CSDI
Just 20p to go from its recent high of 1588p. Not long now I guess......hehe
Hargreaves lansdown charge 8.95 per trade but if you trade frequently 5.95.
Hargreaves lansdown charge 8.95 per trade but if you trade frequently 5.95.