Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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
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”.
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 to me a Profit is only a Profit when you take it off the table so well done
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.
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.
Getafgrip, is there an annual 'tax' on a % of the type of Trust you refer to ?
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!"
PS frequent trading helps, dividends reinvested etc. I spend most days glued to screen
Whom said I had them in a ISA alone, these are also in a Sippy as well
Yes i have an isa and a trading account but i cant understand why littleaston has 41000 shares in an isa account is that possible?
First rule in trading is open an ISA lol
Read up on stocks and shares ISA's - they are very simple to understand. In the last few days you could have sheltered £40,000 from tax - that is a £20,000 allowance each side of the financial year just ended!
You posted previously that your shareholdings are tax free wouldnt mind knowing how to sell some shares off without paying tax on them im sure a few others would like to know as well
Excellent Strategic Market View
https://oilprice.com/Energy/Crude-Oil/Javier-Blas-10-Things-Oil-Traders-Need-to-Know-About-Irans-Attack-on-Israel.html
Great post by @baroninvestments on twitter/X that provides a Bloomberg economics forecast. Suggests if Iran war starts a further $60 would be added to Brent. Shell probably would be trading nearer to £45?
LittleAston
Well thats a fair few more than i remembered and quite a chunky chunk, makes my 13500 look a bit paltry in the scheme of things.
Fair play to you on the move, big change from being in the thick of Brum i bet.
My former rental there was by the resr, huge big double fronted victorian place, four stories up and big extension out the back, huge monster of a place. Was my last rental to be sold, just too far from home in Cornwall to be managing it, shame as had that one for over 10 years and it owed me nothing. At least Dudley is a little closer for you, so sounds ideal.
I tend to look at the income yield relative to my buy price, rather than current market value one vs div %. For example, last pile of BP i bought @ 276, now a tad under double the current sp, so i yield approx double the current headline yield of 4% on those in real cash 'from my pocket' terms.
Have a few LGEN too, as well as PHNX, trying to spread money around a bit better than i did previously, only downside is more to keep an eye out for. So much effort trading so i tend to stick with them for the long term and let compounding work its magic.
Daytradenovice,
Yes, I use to live in Little Aston, just off the Roman Road, did a self build. Stockland Green just around the corner near Erdington.
I have rental properties in Dudley which are doing good.
I left Little Aston not too long ago and moved to Rugby, bought a 20 acre farm.
Re: Shell my max holding was 56773 shares, however I am now down to 41893 shares. so yes my yield is fantastic, but at current prices, it is poor. I prefer the likes of LGEN and have a bit stashed away there as well. Bought into JD, sold them all on update and bought them back today, more of a growth share in my view.
I spend a lot of time trading, yes making a small fortune, but want more.
Hi Ggp that’s a good observation and you summed up well of life uncertainties. I agree your analysis there and I also look forward to see £30 too and may the momentum keep carry on and I hope Q1 update will be a nice one to keep it going. have a good weekend all.
Yield should be better than current with your long held holding LittleAston?
Recall you posting that you had a good few - 30k? - some years back, so will also have a low average.
Only remember as i used to have a rental prop in Stockland Grn and understood you to be localish from past postings.
Would anyone like to guess what the dividend Will be when they end spending all that money on buying back shares.
I’m all out at thirty quid. Come on shell do your best.
Sold half @29.29. Well done all holders! No way was selling all, still really cheaply valued but couldn't resist taking some off the table. My average was 13 quid.GLA and happy Friday!
Larry - Yes, a fantastic problem to have, but commodity prices have a habit of derailing what with hindsight we might view as irrational exuberance or groundless optimism! Certainly the dramatic 92p boost to the SP when the IDF destroyed the Iranian Consulate in Damascus was difficult to foresee, but some event or other was likely to inflame the situation & threaten a dramatic widening & escalation of the Gaza conflict.
Now the extent and depth of the Iranian response is part of the calculation. In the background can the US afford Iran to become a nuclear power, especially when it has sworn the destruction of Israel - No! £29 is rarefied air territory as you say, £30 is appearing on the radar. Interest rates not coming down as quickly as they might have, with the stubborn US jobs boom continuing, ongoing property company issues in China etc. Certainly a time to recalibrate what you think is possible or likely!
This is new territory now, hope the rise continues. I still have a load of them, with exceptional life changing profits all tax free.
The dividend yield is getting poorer with the rise, that is the only issue I have.