Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. 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.
SSE
Hi all,
I would like an opinion on NG v SSE as an investment.
Firstly, i see both as defensive plays for this year, as energy prices are not going back to where they were in 2020/2020. There here to stay for a few yrs 2 or 3 maybe 4 at a push.
It’s about having storage for the gas that we extract. This is the UK’s problem , right?
Secondly, we have the war ongoing and this nisnt going away overnight, so can see this ongoing for 2-3 yrs at least bare minimum, maybe 4 at a push.
NG is not just a Uk Business, but has American subsidiary business too.
I have too many oilies in my portfolio all in profit.
Centrica estimated profits could surge by as much as 25-30% in next earnings call in Feb.
So, i’m tempted with NG, having held them from 2004 to 2013, then sold and bought a biotech.
So NG trades in a range between 900-1000p.
i know it has a political risk due to ofgem and the price cap etc this yr which could be lowered to accommodate the lower gas prices.
Views appreciated
It’s only £5500 i’m putting in here or SSE as i have every imaginable BIOTECH / Pharma
If married its an idea to have an ISA each, which allows £40k per year to be put in the ISA. I couldn't move all the cash for a few years into the ISA's as I had a couple of largish lump sums. Both my wife and I have a normal share account and an ISA.
Each year I gradually move funds from the share accounts into the ISA's.
You cannot transfer shares directly, they must be sold, cash transferred and then shares re-bought in the ISA.
There are 2 taxes to deal with outside the ISA, dividend tax which the next tax year (6th April) I believe is taxed on any dividens above £1k, and cap gains which will be taxed on any profit from the sale of stocks over £6k for the year.
Thats £6k of profit not the value of the shares sold. Its also possible to offset this by using any losses from share sales.
If you havent used all of the tax reliefs this year you have until 5th April, and for this year the cap gains allowance is a little over £12k.
But remember cap gains relates to all asset sales (except those exempted) and not just stocks etc.
Of course at the moment within an ISA there are no taxes to pay on dividends or stock sales.
Hope that helps and dosen't come over as trying to teach you to suck eggs.
Basically get everything in an ISA as fast as you can.
Sometimes I will look at transfers of stocks around the ex-div date. Some stocks fall quite a bit after this date, I still get the dividend in the share account and have to pay tax where applicable, but the sale price tends to be lower meaning I can minimise cap gains, and in effect when I transfer can get more of my stocks in the ISA making best use of the £20k allowance. Somtimes it isn't worth the effort and I will just deal when I think its right.
Denby, I would respectfully suggest you look to utilise a Bed & ISA within your ISA limits. Get all of your non ISA holding moved over at your earliest convenience. With regards ISA's you can have two - a cash ISA and a stocks and shares ISA. Good luck with your decisions and may your gains always exceed your losses. Rgds Saintly
Here is hoping that 2023 see's a steady but decent rise in share price. Not going to set targets but I would like to see a decent rise for NG.. Continued good luck to all on this board be you investors, potential investors or those just watching. Good luck and success to one and all. Per ardua ad astra!!!! Rgds Saintly
Only one per year so you may have to sell just enough to escape capital gains each year. Or pay the tax i suppose
Lurka I have an ISA not sure how many ISAs I can hold ?
You could sell enoubh to get capital gains tax free and perhaps start an ISA with cash.
Riby The tax is only on Div AND CAPITAL TAX IF SOLD from what I understand. :-)
5000 shares worth say £50000 so you could be paying 20% tax on your gain next year with only a £6000 tax free allowance . Get an expert to deal with it as I have only a basic knowledge of tax rules.
I hold a sizable holding as I worked for an electricity board and have taken the div. so if I have say 5000 what will I have to do before April 23 ??
Hi all, any ideas why there was a sudden drop at 13:30?
Thank you
Spot on, really easy to do, you will also avoid income tax on dividends whilst reaping around 5-6% return in addition to the capital growth at no penalty. Forget cash ISA's as they will drop the % return as soon as inflation is reduced.
Only concern is Labour may look to nationalise?
Yes, I have 800 which were effectively freebies issued because I held electricity shares. My understanding is that CGT doesn't apply if the shares are held in an ISA. If they aren't, you need to sell , set up a stocks ISA and buy the shares in. All of which assumes rules don't change in the interim and you haven't already used your allowance..
On privatisation c 1987 I bought the minimum amount offered cost approx £100. I've done nothing with them and all dividends re invested, so now have 695 shares, worth let's say £7000. No cgt if I sell now but new rules coming in over next two years would mean I would be liable as exemptions goes down eventually to £3000. Currently £12300.
So think I will sell before April 2023. Have no other losses to offset it. Is anyone else in the same position?
Great share, congratulations to everybody on their dividend being locked in.
I do hold NG and intend to hold them and i know they are an infrastructure company with a secure divi however in the current climate i do not think sp will get to£12. Happy if it does!
Will windfall taxes hit this share as profits are already regulated and it's infrastructure not product?
Lurka, from your choice of language you are not an investor and don't understand this share. National Grid is an infrastructure company, and in my opinion, you have the opportunity to buy here at £10 and will happily sell at £11 or £12 when appropriate, taking a dividend on 23rd Novemeber and/or another in March - when it hits £11 or £12 over the next number of months that is a great return, especially for the risk level of holding a national infrastructure company in my book.
Well good results reports Times and sp drops under 1000. Cant win really and Ithink £12 is a long way off
Love this stock, buy anywhere around £10, sell it for £12, rinse and repeat. However on this occasion I may not sell at £12 as the energy transition in the UK and potential contracts in Ukraine post war may prompt government to allow more profits in the regulations, that is all rumour by myself, no facts there, however may hold beyond £12 to see. Good luck all, 2% dividend locked in on 23rd November.
Results : "underlying operating profit from continuing operations rose 50% to 2.1 billion pounds"
SP should go to £11/£12
great results !
Just gutted I didn't buy more when the price went down to 850p ish less than a month ago as waiting for 6% dividend. Well got to wait for the next dip.
As boring a share as it is.. Mind you been a holder of this share for a number of years, and the dividend payments hitting my ISA have always had a sniff of excitement about them....