Member Info for bav1975

..although not entirely macro in nature..the budget from Rachel Thieves, needs to be considered as well for a domestic market correction.

My bad, my HL says 5.58, but LSE says 5.60...will take the latter as confirmation....

What a brill day for LTH, well anyone in profit. I think a nice bottle of Vino is in order tonight.

Have a good evening guys.

I did a bit of research over the weekend and whether we like it or not, we are pretty average (low)in terms of what we are taxed on from a CGT perspective when you compare ourselves with the other G7 countries\world. Most countries tend to have a two tier system on your gains based on how long the asset is owned or type of asset being sold for a gain. This article puts things into perspective —> https://www.telegraph.co.uk/money/tax/capital-gains/europe-highest-capital-gains-tax-how-britain-become-one

Obviously there are countries where you pay 0% but to get to a country like that takes time and planning and maybe unrealistic for most.

My personal view is, if you lowered the tax rate, to a flat 15% or maybe 18% across everything you are more likely to pay and declare your gains and have less evasion and avoidance.

Hope RR moves in the right direction next week!..:)..good luck all

Https://www.lse.co.uk/news/IAG/heathrow-says-september-sees-busiest-ever-start-to-autumn-travel-5jl3g4lzn3v3b6w.html

Https://www.theguardian.com/uk-news/2024/oct/10/rachel-reeves-capital-gains-tax-rise-budget

Have a good evening all.

Sarah Jones - Minister of State at both the Department for Energy Security and Net Zero mentioned there will be some big annoucements tomorrow. Might be connected to the rise...

To be fair if WW3 kicked off, won't make a blind bit of difference where your money is held...no one would care...unless your going to buy physical gold/silver to barter with...any physical cash stashed would make great toilet paper.....life would be very very different...

I reckon two things will move this up this week --> good CPI data (UK) and U.S making a cut in interest rates (both this weds), the latter, if more than 25 basis points (prob a dead cert on the 25) will drive the markets up I suspect. This is on all other things being equal from a macro perspective of course!

I doubt very much much the UK will cut on Thursday...but who knows.

Let’s see, I guess . Have a good week all.

Https://www.xm.com/research/markets/allNews/reuters/cathay-pacific-incident-caused-by-problem-with-engine-fuel-nozzle-source-says-53916854

Not sure how concrete this is, but could give a little bit of direction as to the issue at hand.

GLA

Https://www.lse.co.uk/news/RR./sp-global-upgrades-credit-rating-for-rolls-royce-imutd8wsrn7ra5o.html

Indeed Badland, very much looking forward to a few trips on some country roads!...boys and their toys hey.

All my ISAs are maxxed out, it’s the first thing I do every financial year. I also have a SIPP which is going nicely since I took ownership of it a few years back.

Some of you might have read a previous post where I mentioned the baulk of my investment in RR was done back in October 22 (got some inheritance). I had to whack this in a ‘normal’ stock account, i.e. no tax wrapper and buy through there.

Now that has grown to a quite a large sum. I am in no hurry to take this out as my ISA’s have done extremely well also. However, I need to think of an exit strategy and to be fair I can’t think of one. Don’t mind paying tax, just needs to be in the most tax efficient way possible, I guess that’s ‘dripping it out’. Any advice would be appreciated.

PS: If anyone did read my previous posts about my car (1997 Toyota) and cashing in a little (of RR shares) to buy a better car, well I did. Picking it up next week a nice little AM V12S 6.0 litre (last of the fully aspirated engines). So, looking forward to it!

Enjoy... the sunshine guys....off a well deserved beer or two..

Have a good weekend.

@ Cev, i can safely say i am no where near your position (wish i was though :)). Very nice position to be in. I have quite a few well above 200k mark share wise (all sub 0.80p)......might not be that big compared to others but wish everyone well.

Not selling for a while as have some other stocks that pay a nice dividend , but still hurts when looking at the share dealing accounts of where we were and are now.

Cheers

Non-Farming + Unemployment rate in the US, due around 13:30GMT with drive the global markets into the weekend close, one way or the other. Not concerned about RR, paper losses, but still, knowing what you could be on 'paper profit' vs now, can be a little bit soul destroying for people who hold big positions.

GLA - have a good weekend all.

Looking at every market update RR has done in terms of full, half or interim results since Oct 22 onwards, RR has always gone up quite a few percent. It almost looks like a staircase at times when you graph it up. Unless some world event scuppers the results day and not talking about the middle east so much as I think alot has been baked in already, we should be good.

I think we will shoot to the 4.80's on great results which will be the next 'step' to go up from. I also think interest rate decision will play a part of whether things stick or slide. Any mention of a Divi might be counter productive, i.e. if the market expects a date and we do not get one, might be seen as a negative, if we get a date it might also be seen as a negative in the shortterm, why pay out when we may still have some debt...simply put the market will do what the market will.

GLA.

If the results are as forecasts suggest, depending on how much is baked in to the run up to results, should be a very good week, barring any BS Mrs Reeves is will be touting tomorrow.

What a lovely day - can’t wait to sink a few by the river !!

GLA

Will be a positive for RR going into results.

Over the last 2 years, its been pretty much the same pattern before results. I do expect a spike at some point and i do think there could be some forward guidance on results like last year if the results are particulary good.

Happy its stable, i think what makes it worse for some people is knowing the recent highs of the 480's and how much you have potentially lost with it being where it is now. Reality is, you have not lost of gained anything until you actually sell.

GLA, come one England!