Member Info for Bunky1981

For what it's worth... it was one of Bamps' posts that I read by chance some years ago that even made me aware of GGP. I don't even know how I came across it, as I've never touched AIM stocks before this... or since for that matter.

I just liked his post. He sounded really informed. SP was on the way down at the time and I think I bought in around 27p or something hideous. Very naive, but it wasn't a big holding, I assumed I'd to lose the lot, and was just a bit of a flutter really. SP obviously continued to fall for a couple of years, I started to take a proper interest and actually DYOR. Fell more and more in love with the fundamentals. Was underwater with the SP for years obviously.

Kept topping up to eventually get my average under 10p.... and am now sitting on enough profit to pay off the mortgages on two houses, put my kids through private school and have a bit of change leftover for their own house deposits. I'm sure that sounds a bit smug, but I'm unapologetically proud of my investment discipline, which has wavered at times.

So I will eternally be grateful to Bamps. He has no idea who I am and I have no idea who he is. I'm never going to go to any TH or AGMs either. But I do quietly enjoy knowing that this one random post, from one random bloke, on one random AIM stock, was compelling enough to pique my interest and make what is (currently) the best investment of my life. Cheers Bamps... whoever you are :)

DCGC - Unfortunately, history shows that far more has been lost by people trying to pre-empt the budget, than has been saved. The amount of people who bought into the usual media scaremongering about the 25% tax free on pensions this year, was worse than previous years. Even though the media bangs on about it every year for the last 20 years that I can remember. I still spend half of my time in the months leading up to it, talking people down from the ledge. Why they didn't openly rule it out sooner, is open to debate. This time, with CGT, it may admittedly be one of the rare moments where you're actually right. Mostly because Labour have recent form. Last time they did this, quite a few portfolios were rebalanced in the days running up to it. But then, the increase from 20% to 24% was nowhere near as bad as we feared in the end. Tbh, they missed a real trick there not putting it higher last year. Don't forget that Capital Gains die with you, so for some older shareholders planning on leaving an inheritance, depending on their IHT position, they may be better off just holding them to the finish line rather than trying to time the tax legislation.

Element - unfortunately, quite the opposite. Last year they increased it "as of today" on 30th October from 20% to 24%. Other changes like primary pension legislation are more likely end of the tax year. But tax rates themselves can be "as of today" and then formally applied later on. Labour also did the same with school fees VAT. That was also "effective immediately". So they do like doing it. Even if it's just to pander to their rapidly dwindling voters... who will apparently accept schadenfreude and the politics of envy, in place of genuinely competent fiscal policy.

Oh I love having my mortgage. Cheapest money i'll ever have. I've used it for leveraging lots and been very happy with it. Unfortunately, my business is one of many that could be totally wiped out by AI in the next 5-10 years... so I'm going to have to "cash in some chips" at some point, in case I'm on the scrap heap before retirement. It's frustrating, and many of my peers are in the same boat, but there we are. Could be worse, I could be a copywriter or a graphic designer.

I came here for a bit of fun SP speculation.

All I know is that I now don't want to move to the Philippines and I don't want to buy an BTLs.

My bet for fun... £2. Because the better the news, the worse the SP! I keep saying to some friends that the best news we could get is that there's no gold at all... I reckon our SP would be £20 on that.

Ps. whoever was talking about renting their house to their son. I can confirm categorically that that doesn't stand up for IHT purposes as it's a clear and obvious GROB. The rent must be at market rate and your son will pay income tax on it. You can do a projection fairly easily to try and model whether the income tax paid by them (and the impact on your personal finances as you 'rent') is a net benefit compared to IHT over life expectancy. you'll need to make some assumptions about tax legislation not changing ofc. In most cases, it doesn't often add up, but i've seen a few cases where it does. Mostly where the adult children are non taxpayers in a single breadwinner household. So it can work, but just make sure it's at market rate and make sure the adult child declares the rental income.

Thanks Bamps. As always, your insight and input is much appreciated.

Slim. Not dissimilar to your targets actually. I think we're a similar age too.

50% at £7 (would prefer to hold to retirement, but sensible head allows me to complete all housebuilding and school fees upfront)

25% at £10 (would prefer to hold to retirement, but sensible head says pay off all mortgages)

25% is in pensions, LISAs, JISAs, and can't be touched for 15 years anyway. Probably leave it/gift for the kids. This stock gives me some small peace of mind as a hedge against main markets for our "traditional " savings, so I'm happy to just sit on the last 25% forever really. Been here this long, may as well see where it takes us, hopefully to the sky! (I don't want to go to the moon, it's a bit risky for my taste and looks really dry).

@TT. Of course, you're right. Sorry, I had this concern a while back before we were ASX, but of course now we're on, then we're all good. Thanks for answering.

Link for anybody curious about which ones are and aren't.

https://www.gov.uk/government/publications/designated-recognised-stock-exchanges-section-1005-income-tax-act-2007/designated-recognised-stock-exchanges-section-1005-income-tax-act-2007-v3

Maybe I've missed something, but wouldn't delisting from the UK market completely mean that GGP would no longer be eligible to be held in an ISA?

That's a pretty major issue for those of us with significant GGP balances in our ISAs.

Nap

It wasn't the bbc. I have no idea what the bbc's view is. I have no interest in the bbc as a whole.

I'm listening to independent polling and mass data collation. Respectfully, when you tell me to "do your own research" in the same breath as citing your own anecdotal evidence as "everyone I know who voted remain now say...", you must surely see the irony in that?

If I was "going to do my own research" on an anecdotal basis, then I could tell you that I run a wealth management firm. I speak to quite literally hundreds of people every year. I know their intimate finances and their deepest secrets and fears. That which they won't even admit to their closest friends and, in some cases, family. Many of them are older and they tend to be financially comfortable, obviously. Many voted Leave, obviously. Over the years I have watched them all slowly and sheepishly dampen their views on Brexit. Lots of humble pie being painfully chewed. I was pretty agnostic on Brexit. So please don't think I feel that strongly about it. I just like accuracy, and regardless of any opinions and views... the facts are that of the people who are alive today, who voted in the referendum, the majority did not vote to Leave. That was my only point.

Doozer, youth politics are shifting to the right. Correct. I myself would identify as centre right. But that's got absolutely nothing to do with what I said in my post. Something that both you and Nap seem to have conveniently ignored, despite me making it painfully clear that I was simply correcting the statement about "there are more leave voters than remain voters". That was my only point. When I referenced Brexiteers typically being less educated and therefore lacking critical reading and research skills, I didn't think you'd prove the point so well.

You can copy my friendly little disclaimer at the end if you want. I'm not really sure what your point was. I was just trying to make it clear that it was light and civil, rather than partisan and unpleasant. But if that's how you like to exchange thoughts, then that's fair enough. I'll leave you to it.

As I said initially, of the people who voted in the referendum, the majority alive today would have voted remain. That was my only point. Have a great weekend. :)

@Nap

Sorry to correct you on something, but those who voted for Brexit are no longer in the majority, as many of them are now dead. Even if we exclude the many people who have since changed their mind and regret voting Leave, AND we exclude the 4 million young adults who couldn't vote at the time, but are now suffering the repercussions in their 20s in a truly bleak looking UK... then there STILL isn't a majority alive who voted for Brexit.

All of which is fine, I love democracy. There was a referendum and Brexit was the outcome. I may not like the result, but I accept it, of course. In the same way that I accept consecutive incompetent governments, past and present. Something, incidentally, that does make me raise an internal eyebrow when my many Brexit voting clients then moan about Labour policies and tax. After all, the general election happened, so they should simply "now get over it" as their lives continue to worsen, right?

But those who voted to Leave are not in the majority. They were 9 years ago... but millions of them are in the ground now.

Sorry to have been unapologetically triggered by your comment. It's just that I have two kids at school and while Brexit can't be solely blamed for the bleak looking future of this nation, it's irrefutably now a contributing factor. Therefore, it's important that the younger generations are aware that the swing voters who led to Brexit are now dead. The data is well recorded. Brexit voters were far more likely to be old and uneducated. I only mention the lack of education because being educated correlates with longer life expectancy (4-8 years longer across OECD countries), so Brexiteers have shorter life expectancies. I stress that that's correlation of course, not causation.

But I do think it's important that we stop claiming that "there are more of us who voted for it, than didn't". Because that's simply not true anymore and we should stop suggesting otherwise.

Here endeth the rant. Sorry, nothing personal... i couldn't help it. It gets me every time! :D

If fiat currency fails, there will be no farmers, no food, no clean water, no medicine, no power, no hospitals, no fuel, no police... nothing. A few gold coins aren't going to help you much, when there's nothing to swap them with. I doubt the people breaking into your (now) mortgage free house, tying you up and stealing all your food, while you watch a BBC emergency broadcast on loop, will be too bothered either.

There would be two types of law enforcement personnel.

1 - Those who do have gold coins and would be so fabulously wealthy that they're really not going to want to spend their time putting down the civil unrest of the 99% of the population who don't have gold coins.

2 - Those who don't have gold coins and will be phyiscally relieving you of yours, in order to try and feed their own families.

Class action? 😂

I’ve spent over a decade fighting the FSCS, FCA, FOS and various other institutions on behalf a group of investors. Investors with clear proof of wrongdoing by “dark forces”. Except it wasn’t dark forces. It was a clear as day error by a financial institution. Some got compo after a couple of years, some got theirs after a decade. None got their full balance back, many nowhere close.

The idea of some class action in this case is so wildly fanciful to me, that I can’t even begin to describe how short lived and pointless it would be (in my opinion).

Like somebody else said, I thought the open letter was a (perfectly reasonable) rant into the ether. I didn’t think anybody seriously thought it would reach the eyes of anybody relevant. But it’s a good letter and I like the sentiment. 🙂

Failing all the above, you can likely just carry out a partial pension transfer from your workplace scheme (basically all of it except a nominal balance to keep it open for future contributions from your employer) and then move the cash to a personal pension to repurchase the assets. You'll be out of the market for a bit... but it's an option.

Just to help you out with some admin on this, I look at FOS cases regularly at work. You can expect around 12 months at best for a case raised to the ombudsman. Typically nearer 2 years. I hate to say it, but for things like this, it’s almost certainly going to be fixed before you even get a case handler assigned.

There's a little part of me that sort of hopes Plode and all the other doomsayers actually did manage to fill their orders, or whatever their motive was for being so viscerally adamant that this would tank after the consolidation.

It's a bit like rugby. Beat the hell out of each other for 80mins, try and get each other sent off, and then shake hands and have a pint and a laugh about it in the clubhouse.

Well, the whistle's blown for today's 80 minutes. I'd actually be very impressed if some of those from the other team came to join us in the clubhouse now for a metaphorical pint. Maybe even debate why things panned out the way they did. Also where there own misgivings arose from and whether, in retrospect, they were ever valid or well founded. We may all gain from that positive conversation.

Let's hope. It would be nice!

But even if it's not, it'll be strong blue by close of July, so I'm quite happy just topping up and topping up.

Nope. Stock looking incredibly strong. Buy more!

(see, it's really easy when you don't actually say anything useful)

I love that you've noticed that you've lost 95% of your number of shares, but not noticed that the overall value of your shares is the same, and that the individual share price has adjusted just a teeny tiny bit (about 2,000%)

Explain why it was a bad idea? And just to make it fun, your answer can't include "because the SP went down for 72mins this morning".

You need actually qualify why it's a bad idea.

Honestly, after the number of people flapping yesterday with "oh no, my multi billion pound company hasn't updated the numbers on my screen yet, please can a bunch of strangers on a forum advise me what to do, because that seems to make more sense than me just contacting the platform myself and actually asking them".

Now we've got a load of posts less than an hour in. I do mean this in a genuinely helpful way, but you just need to log off and go and do something more interesting this week. If you're day trading, then crack on, presumably you love volatility. But if you're investing, please, can you just wait more than 60 mins (after the last 5 years), before so openly declaring soft hands. It's going to take a few weeks for volumes to adjust. If it does go down, just buy more. Nothing's changed. GLA :)