Member Info for 1750mk1

OPP quitter 3putt :)

good shout SHG Kiwi ... I had 2x 40% trades on it a few months ago... should've held the 2nd one for the gold run. Almost took some at 9 the other day as I like SHG a lot but added SRB instead... I'm on that and GPM for gold at the mo.

Choppy markets at the mo.

Been adding RRE on dips despite averaging up from £6 and well overweight since relist.

Also been buying ARB, the bitcoin miner.... incredible figures as they are knocking out 165 BTC a month on an 80% margin and are ramping up almost 300% so will be closer to 500 BTC a month by end of Q4 on the same margin.

Check the figures here ... https://twitter.com/microcapfocus/status/1161896426357608448

mcap 23m or so..

Strange signs of life at OPP today :)

Hope everyone is winning ... or at least not losing too badly seeing as its a bit of a bloodbath today.

dya think ? lol ... "The Company seems to have made net investments of about $70 million, most of which seems to have been subsequently written off and had expenditures of about $57 million. Of that $57 million, about $16 million went to pay employees and, beginning in 2015, OAL after the Company in 2014 adopted a fund rather than operating company structure. About $11.5 million went to pay "professionals," presumably primarily lawyers. About $4.6 million went to pay directors. About $3.6 million was paid in fees in connection with the 2011 capital raise. The auditors received about $1.6 million. The remaining $19 million is hard to put your finger on because it is buried within accounting categories that are not self-explanatory. "

also got an eye on STAF now threep

https://www.zerohedge.com/news/2019-05-29/beijing-threatens-damaging-rare-earth-export-ban-trade-fight-intensifies

Good news for ORM... already in production of Tungsten.

All good here... markets do look toppy, plus it's maybe got that summer vibe with less liquidity in small caps ?

Can't grumble at the year to date (or Oct 1st to date as I'm tracking so it includes the Q4 18 carnage)... usual punty winners and punty losers but thankfully the big conviction holds have been winners (TXP from 12, RRE from 565).. also just banked most of my SKIN at 60% or so and left some for a free ride.

UOG prize for most disappointing. NCCL prize for most melon twisting.

Got a good chunk into cash now and even took some XBT bitcoin tracker in the SIPP which is up nicely and I think will do well if the equity markets take a dive... and even if they don't.

Sold one of my classic motors at the weekend and including all expenditure and lots of fun it was up 30% over last 5 years... so happy with that. (another good method of sheltering capital from blowing it on shitty AIM punts :)

Working towards positioning without any junk punts so I can take some quality time away from the screen over summer :)

OPP up on a buy at .30

Showing a 166% spread :)) ... should attract some buyers.

SKIN going well ... dropped a cracking RNS just as was about to test 2p and 20% up on the day. CEO active on twitter and playing very well. Investor evening Monday eve too.

Been odd price action there MT... as I'm sure you have noticed.

Quote to sell has risen on every sell recently with no buys ... went from 19 - 20 to sell... after todays buys now 21

Can only think there is a buy order in there that hasn't shown yet.

@Alan. - cheapest shouldn't be hard to find, maybe that is it ? ... rarely hear good things about Halifax for trading tho. Cheapest may not be the best fit ?

@balman - never been called 'savvy' before... usually words with 4 letters :)

Don't be put off by all the complexity of the info etc... my experience has been relatively straight fwd... do account for SIPP management fees of course but also solicitors fees when setting up and doing leases etc (though tenants can cover or meet half etc) ... also agents fees.

Cheap small units are a really good investment imo... under the rates threshold so easily accessible to small businesses / online traders / storage etc. Can't go wrong with a bit of no rates empty secure space... if I were to buy more it would be small cheap ones as my two are into fairly hefty rates at 2k sqft + office extensions and mezzanines etc.

The way to buy is certainly down to personal circumstances... was a no brainer for me at the time as I was leasing an old unit and paying the John Lewis pension fund £15k pa for it ... far better to buy my own with SIPP contributions (saving tax on the way) and then pay rent to my own pension. A few years later and they are now leased out to 3rd parties so it's all one way in.

Obvious benefit of doing it through a SIPP is rent builds tax free and gets invested then eventually 25% tax free income when you get to draw it ... plus inheritance protection. Plus of course the money going into the SIPP to save up and buy it is tax efficient.

For a small unit it may be just as well keeping it simple and keeping it outside a SIPP... maybe more simple and flexible but will always depend on personal circumstances.

If in doubt always speak to a qualified financial advisor ( ROFL :)

iNFA ... 12 month can kick on a maybe carrot and CLNs coming ?

"You can get a commercial mortgage up to 1/3 of your SIPP holding to buy." ... sorry, I think that should be 1/3 of the property purchase price from memory.

oh yes... if you are looking into the property thing I think you / your own business need to be the tenant to start with. eg: My own business was the 1st tenant for both these units which enabled me to buy them in a personal SIPP... after that you can move the lease on to anyone.

So you need to show that you are a suitable tenant as yourself / business in the first instance... I think that is the rule but not 100% sure. It's possible that may not be the case if you are buying outright ... that rule is possibly mortgage related ? You can get a commercial mortgage up to 1/3 of your SIPP holding to buy.

Regards providers... from what i have learned over the years, all the property SIPP specialists are pretty poor but a necessary evil and Suffolk Life was best of a bad bunch. So Curtis Banks as it is now would be the one.

yes... worked out really well looking at it like that. Allows me to be a little more adventurous and 'all invested' with the rest as well as I always have that % ring-fenced ... hopefully that % will shrink dramatically over time as rent piles in and grows :)

Recent good move is I had a big shuffle end of sept last year and divested & moved all the property SIPP passive fund holdings into my active control (from a crap FA... you need one to set up the property thing) and first thing I did at top of the market pre correction was move £80k to pay the remaining mortgage off on the units ... which then avoided the Q4 carnage. That now gets drip fed back in over what would've been the next 5 years as extra rent available and also saved around 4% in interest and fees etc.

To be fair I've got the rest 30% up since Oct 1st through trading ... but still, felt really good to clear the debt and get that 80k out of the game just before the drop.

@ balman ... I bought a couple of new build commercial units a few years ago and had to do that through a specialist SIPP provider who specialise (and fleece you for management fees) in property. It has to be commercial, not residential.

I used Suffolk Life ... now taken over by Curtis Banks.

So they take fees for all sorts of things including the property management ... ie: they collect the rent and deal with tenants etc.

Rent comes into them to your SIPP account ... but they do not have any platform to invest / trade. You can transfer it all out as and when to any platform ... but it costs £120 a transfer (2 to do each quarter rent as I have accounts for me and missus)... but they do have a list of 'partner' platforms they work with, many of which are big wealth managers but a few of which are accessible trading platforms, the best of which I could find to suit me was Charles Stanley Direct.

End result is there are no fees to transfer rent income to any of these 'platforms' such as Charles Stanley and the SIPP remains with Curtis Banks but is 'wrapped' in the Charles Stanley trading platform. (HL and ii were not on the list)

The property buy was best thing I ever did ... obviously need to have tenants in and could get painful if empty and rates to pay etc... but these are good high spec units and I currently have 2x 10 year leases with good tenants and the ROI is around 11% net + 25% capital gain at current value since 2014.

It's stands at around 70% of my total SIPP PF that I can't mess up trading :) ... and rent just feeds into my investments quarterly.

If you want a chat in detail my email is my name at gmail.

Hi Alan... don't you get the fees back in trading fee credit on ii ?

I use ii (Trading / ISA), HL (SIPPs and ISAs) and Charles Stanley (SIPP wrapper as it seemed the best trading platform option that can be used as a wrap for my SIPP property held elsewhere... so free transfers as rent comes in)

HL is not cheap, especially for funds... but only really gets more expensive than most once over 100k

ii... not been as keen since the TD change... site not as good and quotes not given outside spread like they used to so more NT and lost that advantage for trading. Think most are the same tho.

I've a friend who uses Sharedeal Acive and has been happy ... and always seams to get quotes. I have not looked into it fees wise tho.

I've also seen XO mentioned over the years and appears cheap & cheerful for no frills trades.

Monevators' comparison table is worth a look ... https://monevator.com/compare-uk-cheapest-online-brokers/

wow... IQAI joins the ORM and SXX good darts from yesterday.

That said on INFA... hope it comes good for the genuine holders in for the story (not so much the warrant rampers)... I was in for the requisition and I know that some folks put a lot of work into the project.

ORM could really move ... if Cam was here he'd be giddy on it. He went through the entire AIM list at weekend and picked that out as the best of the lot for a sharp rerate... then went to Ibiza to live life :)