Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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.
LTI - Makes sense. I don't currently hold as many stocks, or do too many transactions so i can keep up.
If i start to trade more i'm likely to move to a spreadsheet too
so I take my figures from the message which is immediately generated following the trade.
DGR
Good luck with that one if you want to go back a long way and then do the same process again after several more trades.
I update spread sheet when transaction is made. Always up to date info.
Each transaction produces a message detailing the trade (I'm with HSBC).
So if I did a few Lloyds transactions these messages could be in amongst many other messages. I current hold/trade over 30 stocks.
LTI - Mine doesn't either, however it lists all the trades i've done, so i can do the calc easily
Darth - Agreed. I do it for my longer term investments. And i do include divi payments in my calcs
(Total Value Spent - (Total Value Sold + Total Divis paid)) / Current number of shares = Price needed per share that i currently hold to be in profit overall in this stock
DGR
Broker doesn't give me an average price.
My transactions in a stock like HSBC as an example are well into 3 figures over the years.
Every purchase and sale is put into my spread sheet.
DGR1980, very true; however it is good to keep your own records as you can add comments regarding why one entered, exited the trade, the circumstances at the time...all good "best practice".
DGR
Yes I am only interested in knowing an average cost per share of retained shares and not what the difference is between the cost of the last .purchase compared to it's sale
LTI : Its simple enough to take the totals of all trades from your broker to get the same info
TFE
yes without your own records, I am sure there would be many who after trading a share over many years wouldn't have a clue where they stand
LTI - So your spreadsheet is basically (Total Value Spent - Total Value Sold) / Current number of shares to get to the price needed to be in profit.
One way of doing it, although it does hide trades that don't make money so can give false confidence.
This is the way most online brokers state your purchase price.
Any additional trading profit or loss of the same equity is reflected in the stated purchase price of that equity.
It can get misleading when you have the same shares in different accounts, another reason to keep your own records.
OS
Quite straightforward.
If I purchased a 1000 shares at 100p and then another 1000 at 140p and another 1000 at 130p and another 1000 at 120p, I think most people would agree with me that my average price per share would be 122.5p per share.
If I then sold a 1000 shares at 122.5p, I would have 3000 shares at an average of 122.5p.
How messy to say a profit £25 has been taken.
After many years and a large number of purchases and sales in Lloyds, I know precisely how much I would need to sell and at what price in order to get back all of the capital outlay made over many years.
LTI
"As I have said you note an average price the way you want."
I haven't invented a new meaning for financial terms, but you appear to have your own set of non-standard meanings.
So any post you make on financial matters referring to a financial term is worse than useless as it is incomprehensible to readers as they do not know your definitions.
OS
As I have said you note an average price the way you want.
I do not count dividends as a way of reducing my capital outlay (average price), in my spread sheet.
''So your world you've never made a profit from any of your share dealing ?''
I regard it as making a profit when I have got back more than I have paid out.
Just one example. 3I group is showing in my spread sheet as having an average price of minus £4.99p per share giving me a profit of £24,970 . A lot more profit obviously would come about if I sold my remaining shares.
Of course it my previous example I could have sold all the shares to make a £1600 profit.
He is hoping it will drop again to buy back.
Nothing wrong with a trading pot to gain the odd penny here and there
For me I just happy to sit on my Lloyd's portfolio today and what for my fortunes to change here :-)
I been here before and in time all solid shares move back up again in time.
silly question.....why?
LTI
I guess you do the same calculation for dividend payments ?
So your world you've never made a profit from any of your share dealing ?
You don't understand what an average price is !
OS
''Selling shares does not change the average prices of shares held ''
You are free to note how you regard the average price of shares held to be.
Personally if I bought 2000 shares at 100p and then sold 1000 shares at 180p, I would not regard it as having taken an £800 profit whilst retaining a 1000 shares at 100p. I would have in my spread sheet that I have a 1000 shares at an average price of 20p. This is a clear way to me to indicate how much a share owes me. In this case £200.
Selling shares does not change the average prices of shares held !
F
I don't regard it as a profit, just a way of reducing my average price of shares held, which the trade of over a million shares opened at 29 and sold at 36, was a good start. These closing of subsequent trades at smaller range level gains are adding to that aim as well.
DYOR never act on comments on this board the banks will be in S...street for years to come, could end up a day trading stock but that’s about it.
F
Why?
I have a very large amount of long term hold shares.
a position opened at 27.7 last week and also a position opened at 28.6 , both at
29.4, leaving a position at 29.1 as the only under 30 position still to close