Member Info for Couerdelion

I'm not begrudging pensioners their wealth, but simply that the cash-ISA carve out itself is not justified. Inheritances go to under 65's also and you can easily breach the £20k limit with that anyway - in which case you might stagger the payments over multiple years. Meanwhile the tax on the difference (£8k x 4% x 22%) is £70 per year or less than one percent of the extra amount put away for later.

Grandfathers fighting in wars - not sure whether 95-yr olds will have much use for the extra tax-free allowance either but pass on my thanks for their efforts. Usually people of that age would be drawing down on ISA savings.

But people come in all shapes and sizes which is why I believe we are dealing with a small group of people where it matters - over 65, higher rate tax payer,£20k per annum of surplus cash, not particularly financially literate.

Not a lot of resistance at these low levels so hopeful that this can go on a brief dash back to the 220p range. By that stage I will probably have collected my profits (almost always in the form of free shares) on my buy from Tuesday but this is only because funds in my ISA are limited and it would be hard to pass up on a quick c15% profit if it becomes available here.

Still leaves plenty of skin in the game as I think this can easily double or more in the next couple of years.

A few further points I am not sure on.

1) Does the OGPM only kick in under the current mechanism (eg both oil and gas below the thresholds)?

2) If it does kick in, does it start at 0% thereafter rerating to 35% for either oil or gas?

3) Do capital allowance not need to be allocated separately to Oil or Gas?

Yep, SP has carried on its merry way up as if the dividend wasn't there.

Why is SQZ still falling? I thought the general tone of the update was quite positive.

Whether "rightly" is a subjective view. My point was that this unusual carve out is insulating a small group of people from taxes that will fall to others to pay. It's a well-off group (£20k plus of spare income per annum) and they aren't exactly putting their surplus cash to any good use so I can't see any good reason why this was added.

I'm expecting 1.2p

How did the investment managers fare today? It might be one reason why LGEN isn't tracking the others (although AV has it's non-life business so is a bit different).

The >23% tax increase on dividends was a bit brutal. But probably needed so all those pensioners can squirrel away an extra 12k a year in a cash ISA.

Not letting go of my cheap shares for just yet. I'll wait for 370p or more before I recover my cash and leave the surplus shares with the rest of my holding.

Looks like it's just taking a bit of a pause today.

Not the biggest buyback out there but every little helps. Should see the NAV per share rise around 1.3%.

Not really worried about the shorters. I have more patience and don't need cash to maintain my long position.

Well they are also help me to make a little extra cash too so remind me to thank them for these bargain basement prices.

FWIW - I added this morning

Very much in a buy territory right now. My limit order didn't bite but that's my bad for being too greedy. Personally, I can't see any entry price tomorrow being anything buy cheap.

Still far too cheap. A big day today will get a little attention and when people see the numbers they will realise this.

Still a little confusing on the Roan estimates. Up 30% from the fine copper concentrates gets 65tpm but this is only 20% of Q1 production at Roan so I guess the difference is that not all of Roan production is refined at Sable. Also there's the 33% increase in targeted throughput at Roan which might be the same thing - or is that on top of the fine copper concentrates?

Does the Nvidia result prove that? I thought that they simply proved that businesses are still spending lots of money trying to get AI to generate income. But the AI bubble itself is more about companies demonstrating that it can.

..in the meantime, all of us income seekers will just wait for their dividends and look askance at the shareholders worried about the price.

Markets can be weird. That and a little broader market sentiment but here the main driver is weirdness.

Not sure this is a great help but I think this is just one of those places you just have to be patient and wait for the market to turn. I am certainly thinking of adding here tomorrow although I have a few other places I might be adding to first.

Would have been a crime to miss these sorts of prices and, as luck would have it, my limit order struck lucky today. My only concern is that I could perhaps have found a cheaper price but I'm not going to try to pick the market bottom here.