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PS frequent trading helps, dividends reinvested etc. I spend most days glued to screen
PG - LA is consistently stating what he was months ago when this subject came up previously. You can trust what he says.
Think about it - Isa's were introduced a quarter of a century ago. Initially you could pay £7000 per annum into them. now this is £20,000. With a little luck on your investments, and the effects of compounding, it is well documented that ISA millionaires exist!
As of a few minutes before the close of play today I no longer hold a single Shell share & have no tax liability on the sale! As LA rightly states there are numerous other Tax shelters including SIPPs. I am lucky enough to own several properties. Unless I am unlucky and have to sell one or all of them, I will not pay capital gains tax on them in my lifetime, but my children will inherit them in a Trust as a tax shelter that will last for 60-years!
My advice is "those who fail to plan, are actually planning to fail!"
Getafgrip, is there an annual 'tax' on a % of the type of Trust you refer to ?
Clued - probably the best initial advice on the different types of Trusts can be found on the Government website, as everyone's circumstances are different. Essentially, I have a will that details placing funds into a Trust, but until those funds actually land in a Trust I incur no costs. My understanding is that income above a certain level, or a capital disposal would be subject to tax, but individuals need to check the costs and tax situation for themselves.
Clued - apologies cut short - it is worth also checking out the general dynamics of lifetime gifts, Really horses for courses, but worth evaluating the various options that might work for individuals in my view.
Hi Ggp to me a Profit is only a Profit when you take it off the table so well done
Cheers Larry - I completely agree. Sold at £28.33p & well ahead since I had last sold. This time sold partly due to fear of losing the "conflict" premium balanced with confidence that £28 is a good SP. Judgementally, my timing could have been better, but looking back certainly a block of 6000 were bought at £8.92p on the 27th October 2020, although there have been quite a number of buys and sells since then. I will most likely buy back in, but intend not to do so particularly quickly. I was sorely tempted to wait for the SP movement when Israel inevitably hits back at the Iranians.
Hi Ggp who really knows what the future holds so please don’t worry about hindsight because we can only live life in the present, My only timing in the stock market is to make a good profit on the capital I risked so if you made a good return on your money and you are happy with that then that’s what counts. To me it’s the compounding that counts in investing even if it’s only 10% each trade but over and over again, imagine how rich we would be :-) like Jesse Livermore said “Profit always take care of themselves but losses never do”.
Boyo - are you quiet, because we've gone off the chart?
Apologies for not responding GfG - with Shel doing very nicely, I’ve been preoccupied with other stuff.
I’ve now sold most of my holding but still have a tiny number and will top back up if/when the opportunity presents itself.
It can’t really go off the chart because a chart is basically a record of what has happened - but it does become more difficult to identify likely resistance levels although there are various theories and tools that some use. I’ll be guided by OP movements, the trends and the ‘8,21 EMA’ blue and red squiggly lines shown here https://invst.ly/14fpze , which converge and cross at suggested ‘sell’ and ‘buy’ points. They are always a bit late though, coming after a given peak or trough.
ATB and GLA
Boyo,
Good morning - the chart says it all really & it is interesting to note that you are largely out of Shell at the moment. Shell does seem to have reached a bit of a plateau, after a really strong run, but all runs run out of steam at some point!
I was looking at waiting to hear the announcement of the First Quarter results on the 2nd May, but wasn't sure how the market would take the Shell statement on Gas "Trading & Optimisation results are expected to be strong, but significantly lower than an exceptional Q4’23." Particularly when the shares are already relatively high anyway.
The Sword of Damocles is hanging over the upward travel of the OP at the moment which looks to be based on the extent and severity of the Israeli response to Iran. Surrounded by enemies that have sworn its destruction Israel has absolutely no choice other than to respond aggressively. The US already distancing itself from any response, may leave a strong likelihood that Iranian nuclear facilities may be targeted. Its a worrying World we live in.
When as one example, Biden apparently wants Ukraine to ease up on Russian refinery attacks due to the sensitivity of gas prices in an election year, there are not just an awful lot of Geopolitical influences on the Oil markets, but Geo-Economic & political influences.
Ha! the world is a mess GfG but it has always been so in the Middle East - effectively the middle of human conflict for millennia . If only God had managed his messengers a bit better and we'd all been on the same page eh?
Back to reality though: It’s interesting to see that, since 8th April, Shel’s sp ratio to OP has pushed upwards https://invst.ly/14g4d7 and Shel is now running quite hot in relation to it. I guess this might correct itself if Brent continues to drop back. I’m obviously assessing where my buyback target will be for the various tranches I’ve recently sold off as the price has risen. I reckon that today’s sp is about 175 above what it would have been at the same OP a month ago and I do think I’d start getting interested at about 2600 - a £3 per share gain on the last tranche I sold. I’ll be very happy indeed if match the annual dividend on half of my Shel from trading it within a single quarter - especially if I also get the divi too!! ATB
Typo correction:
I’ll be very happy indeed if I can match the annual dividend ....
Interesting thoughts Boyo. I am trying not to make my assumptions & targets particularly timebound this time, but I find it very difficult. Shell go Ex-Dividend on the 16th May, when I will be walking in Cumbria trying to pick up a phone signal no doubt! Obviously, if you buy back by then you qualify for the dividend, which as you say is a nice bonus. We are stuck with the Stamp Duty, which is roughly half the dividend on a similar level of purchase.
I am working on £28, as the high reached on the 18th October 2023, as being a rational view of where we should be now, without the conflict hype & spike above £29, which appears not to be sustainable without significant escalation in the Middle-East. Market reaction to Middle-East events seems to be almost spookily subdued at the moment. £27 or even £26 do look like realistic dips, but whether they will appear on the horizon before the 16th May remains to be seen. I really see this as negative bet territory, hoping for the share price to go down by a certain time, very weird. Ride the wave & good luck.