Yes TT they have no idea how people trade and the need for a cash surplus. But more worrying is they assume they can encourage people to use 6k to invest. When many are Cashing in Huge stocks and shares ISA's worried that they could find 1m + isa cash taxable.
Stocks and shares ISA over the years excellent way to build up a large portfolio and cash in when required. Always imagined transferring lump some into Cash ISA for safer protection when retired. With Government interference do they want now to prevent this ie your final lump some of cash when all your chips are cashed in, can no longer be transferred to a cash isa and therefore treated as taxable savings ? When i ask questions about transferring my s/shares isa to a cash isa after 2027 budget and being over 65 it tells me this will no longer be allowed ?
Talking to broker today mentioned Greatland Gold (GGP) as having very good prospects at this time. Have held since pre-consolidation @ 4p . However when we talked about my core holding of MNG. He said their was some very unusual activity with the stock. He mentioned recent Aviva moves.(not associated with this) But wouldn't be drawn on MNG. (first time in many years) I mentioned who would be big enough to take over MNG , But again would not be drawn. Any ideas anyone.
China's a dirty word at the moment and forth coming Budget isn't helping. Why anyone is even investing on the normal market with a 3k limit on profit before tax a year is not surprising.
Pru doing well buying its stock back at these supressed prices. Thought when we breached £10 the SP would hit £11 quickly. I suppose patience is a virtue. Good luck all long time holders.
Think SP is misleading for New investors. Having been a long term investor in GGP have bought from (Old Money) 2p to 35p on dramatic rise based on just may be news. Now with 20 for one price ie £4.00 = old 20p so therefore with all the news now would have to get to £7.50 for old 35p investment. So with smoke and mirrors SP has not gained much against its historic highs for us oldies . now look at 20p rise and think just gone up 1p old money.
On the 20may @221.00 I posted that there was interest in M&G which my advisor , I must admit, i was a bit unbelieving but although it wasn't factually all correct it did increase after my post . I have just had another conversation which he advised to increase holding after divi paid. Only just saying DYOR. But looking promising.
Added a few this morning. No problems solid company. Whilst others deal in thousands , here we talk Billions. Looking forward to 6.7 divi. Ups and downs to be expected especially with our current government. Good fortune everyone. ( when it dropped to £2.50 early Sept). posted 2/3rd Sept.
Expect choppy waters at the moment till Divi paid. (when we may see a little drop) If so I will adding again believe will will see £3.00 this side of Christmas good luck everyone and keep eye on buying opportunities. As your holding increases you can weather the market wavering.
Added a few this morning. No problems solid company. Whilst others deal in thousands , here we talk Billions. Looking forward to 6.7 divi. Ups and downs to be expected especially with our current government. Good fortune everyone.
Market didn't like cut in production estimates after consolidation. It would now be considering if GGP has under estimated costs and the risks at Telfor ie tailings etc. Also based on these factors the production cost per ounce could also have been underestimated as well. However we are still producing the stuff although we can only guess what quality and until we see the those results i don't think we will see any appreciable up ward movement. So sit tight to see how this pans out.
Worried why SP keeps falling each day recently. Another drop today. US broker piece plan but have heard Iran has objected to certain aspects. Maybe the precarious Location of AAZ is starting to affect proceeding or am i missing something ??