rxdav, last week I went to an Apple store and a teenager who works there introduced himself to me as an "iPhone engineer" ! That moment the only thing I was thinking about was to run back home & set my engineering degree on fire ha
Good morning Crystalball58, its the last day in 18/19 tax year so many tend to sell some of their positions to register their losses then buy back afterwards which unfortunately doesn't count and cannot be set against their gains.
Saying that, I believe once the new tax year kicks in (next Monday) many will fill their new ISA with PHD's golden tickets.....Proactis sp at this level is no brainer !
Pboo, you don’t put a sticky plaster on a kid's knee and become a doctor nor hiding in the bushes to snap photos of oil tankers will make you an engineer !
Alan, for the sake of the profession, let’s try to do something to protect the term “engineer" ha .... e-petition ?
“Beware the 30-day rule! Note that you can’t repurchase the same company’s shares within 30 days of you selling them and recognising the loss, according to HMRC’s bed and breakfasting rules. If you do repurchase the same assets within 30 days, the loss does not count as crystalised and so cannot be set against your gains.
The 30-day rule means you’d have to wait a month to repurchase exactly the same shares or fund that you sold for a loss to offset that loss against gains.”
“Beware the 30-day rule! Note that you can’t repurchase the same company’s shares within 30 days of you selling them and recognising the loss, according to HMRC’s bed and breakfasting rules. If you do repurchase the same assets within 30 days, the loss does not count as crystalised and so cannot be set against your gains.
The 30-day rule means you’d have to wait a month to repurchase exactly the same shares or fund that you sold for a loss to offset that loss against gains.”
Renegade, even if you sell tomorrow you still need to wait for at least after 30 days for the loss to count as a capital loss before buying back and with all the action we’ll have this month I don’t think it will be smart to stay out of Angus in April.
Both Brockham and Balcombe have massive potentials and I do believe that once they start flowing then we will be in a very different position, saying that Angus needs to regain the shareholders (And AIM) confidence. We've been given false promises on several occasions & let down far too many times over the past couple of years so talking the talk will not change anything. Tidswell is still there, PV left and Lucan is trying to fill his position and resell Angus to the market, thats about it really. We need the company to walk the walk, show action on ground and prove to all of us that they can deliver. Then we will start to see a healthy sp recovery, not sudden spikes which lose the momentum and fade days after.........
I agree with Marky, the big boys who sold on the drop to registered Capital Loss are buying back after meeting the 30days Capital Loss rule . I predict more buys on Monday morning and tangabile sp recovery this week .. The only way is up from here !
Kullybahia, its exactly what happening at the moment. imo they will either ran out of cheap shares to buy from weak/bored traders or people start to top up/hold new positions at the beginning of the new tax year......Whichever comes first really !
Having an eye on the L2 I noticed that FCAP keeps topping up the 28.5 bid whenever someone sells ...
Similar to what happened yesterday, there seems to be a big buyer who wants to build a position at 28/29p. This been going for a week now and its the matter of how many more bored traders will sell to feed the beast before he has to pay 30sp to top up his chunky position !