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Just for you Ardbeggar
Cmon Roan:)
I still think it's reading tea leaves Kalan positive or negative, but I do wish you best of British with it.
I also think your price prediction is around the right levels, but not because of TA, but because of Roan comissioning.
You and me must have similar overall breakeven points Gray1.....as of now I AM back in profit overall with Jubilee. Where's my party poppers?
I need to go for a lie down I am nearly back in profit:)
Can’t buy over 15k shares without call to the market. Come on Leon let Roan loose.
8.02/8.18
atm
More claptrap from me, but you'll all like this one because it's positive.
There is a beautiful rising channel which JLP is now moving within. Lovely parallel lines marking the top and bottom over time. The bottom of the channel (as I have drawn it - other artists exist) is around 7.3p and the top is a touch above 9p. One month from now the top and bottom will be at 8.3p and 10p, so by the middle of June I would expect the share price to be between those two numbers.
The share price would normally stay within the channel until there is a major change in the fundamentals of the company in which case it can break out up or down.
No Sh Sherlock you say, it can go up or down - so what was the point. The point is that if the share price was at 9p now, I would suggest taking some profit in the short term and if it were at 7.3p now, then I would urge people to buy as it would be at the low end of expectations.
This is just one of the 8 different tools I have chosen to make my buys and sells on.
Good to hear from you TG5 - can't believe you are still in LND after all this time - you had another share with a similar sounding ticker if I remember rightly. Going to have a glance at LND now- cheers.
Bit higher for property there are different categories but shares treated as I put out in the previous post. Also shares in SIPP's have a different tax treatment and is largely tax exempt:)
I can remember when it was £12k Kalan a while ago now. Just get them in an isa no worries then:)
Hi Ardbeggar - I think you sum up the UK situation well in your write up. Only add on is in UK we have a cpaital gains allowance prior to gains being taxable.
I moved all JLP shares inside ISA for the tax reason. Can't bed and breakfast anymore unless you leave a gap between the bed and the breakfast.
Capital gains on property are higher still at 18% and 28% if my memory serves. Used to get over £10,000 free of CGT each (me and spouse) until Mr Hunt had to claw back the massive give aways in furlough, fuel payments and cost of living payments.
That is if it isn't in an isa. Isa no tax at all:)
Ardbeggar,
The first 3k gain is exempt (was £6k). You can offset losses. After that depends what your tax rate is. If you are a 20% tax payer then gains taxed at 10%. If you are a higher rate tax payer then gains taxed at 20%. You can also take into account your personal allowance £12570 if you are a non tax payer.
With losses and gains it depends when you bought and sold it is a little more complicated you can't just use average price of shares.
Interesting point Dru. Over here if it's inside an ISA tax wrapper then you can do what you like and there's no tax no matter what. If it's outside that though then I suspect yes, everytime you realise a gain it's subject to tax, although you should be able to offset any realised losses against it. Can someone who knows better than me confirm what the UK situation is with that?
Turning a corner. Had a modest top up here and with my long standing LND (Landore). Each look poised for a good return.
In other news, this board is filled with garbage.
Yes Mikie, short of actually visiting the site, these videos really help to paint a picture of what's happening which you can't get from just reading an RNS. It all adds to the general impression of a company that's becoming more professional too, which can't be a bad thing.
I am not sure what the situation is regarding taxation on capital gains in the UK, but in SA there are profound implications which need to be considered. Generally, although it goes to 'intent', if you hold an equity for 3 years or more, it is classified as an investment and 40% of the capital gain is taxed at your marginal rate. However, if you trade equities short term (i.e. hold for less than 3 years - although you can argue 'intent' in certain cases and that a change in circumstances led you to selling early), then any capital gain is deemed to be income and 100% of the gain is taxed at your marginal rate. It makes a huge difference which you then need to make up by increasing your trading profits by 60%. Furthermore, the additional 60% inclusion rate on the capital gain (if you are a 'trader') may place you in a higher tax bracket. Perhaps the situation is different in the UK, but that's how it works here.
Buy 5p. Sell 6p. Buy 5.6p. Sell 7.2p ish. Buy 6.6p. Hold at 7.7p. Top up at 7.5p on small pullback. Seven consecutive right moves informed by TA.
^^ Absolute nonsense. Yes you made those moves but you were swing trading on this basic basis 'it went up a lot so now it will probably pull back a bit' which works until it doesn't because there's news (positive or negative) or the macros change etc etc. Imagine for instance if you were looking for an entry at 6.6 and Roan had come online a bit early and the RNS came out. Bang goes your entry point and you'd potentially have been better to have held from the start. Orrrrr you buy in at 7.5p and there's news of Roan being broken and needing 6 months of work, you'd be immediately 50% down on that. These are both reasons that TA is, frankly, silly.
If it worked and you could pull 95% gains out of the bag every month or two then 'by the power of compounding' you'd be a multimillionaire in a couple of years, which you aren't. I used to swing trade BTC the same way and make around 5% a day doing it during quiet periods and got to about 25x my initial investment, until you get an event that happens and you get whipsawed and you've lost it.
Also, I was going to leave it, but the other day you were doing the usual thing of saying stuff like 'I can absolutely categorically state they were going to run out of money.'
As I've said before, if you don't understand the difference between saying things like 'I think that' or 'I can absolutely categorically state' then mate.....it's a problem.
It does promote an air of confidence within Jubilee Seis. I wonder if we will see Thutse next, then an RNS, then Roan? That might just take us towards the end of May as suggested in the timelines. I do like these videos, they really emphasise the size and processing/engineering ability attained by Jubilee.
Two promo video's in a week... it's all kicking off at Jubilee 😁 I hope this is all building up to a Roan video next week... that would be a big cherry on the cake.
Pigs are exceptionally intelligent animals.
That reminds me...what is lostabillion up to now?
Good morning everyone,
Wow you have stirred it up this morning Kalan!
Nice video Mikie
Assuming that's self reflection.
I would be embarassed if I'd invested a quarter of a million and been down 40% after 12 years.
Predicted before they happened. That's the point.
Trying to help others make more money but I guess you can't educate pork.