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I have been trading since £3.60 . It's moving.
https://www.londonstockexchange.com/stock/HSBA/hsbc-holdings-plc/company-page
Click on Max for the chart.
£4.30 is a baseline traditionally.
It's a FTSE stock, Tracker funds HAVE TO buy.
I'm a refugee from AXM as well.
Still in the red overall, but break-even is close.
Moved the AXM shares into S&S ISA a long time ago, and so couldn't use the capital loss, so just kept the EAAS shares.
The main thing is to get the money back, but will probably keep some outside the ISA.
If it falls back, at least I can use the capital loss for tax purposes.
Capital gains tax is 10% (20% higher rate) on shares, not so bad.
If I worked for a living, and paid 40% income tax, that will really hurt.
To add insult to injury, psychotherapy is not tax deductible!
"Hope something is found to 'control' this. :-)"
https://www.youtube.com/watch?v=dO5E4wkg0hA
Highly trained seal team is shrunk, injected down the throat, where they battle COVID-19.
Resonant frequency lasers tuned to the virus variant.
Without the miniaturisation technology, we will build a nanite with a tiny ruby laser and directed by NFC.
Possibly built-in AI. When mission accomplished, crawl out of the lung, into the oesophagus. Drop into the stomach, and exit through the intestines.
Slightly odd.
The trading statement shows at 14:40 I bought 400,000 shares at 2.019p for £8,076
and yet the only 400,000 trade showing today is
22-Jan-21 14:34:50 2.0195 400,000 Buy* 1.95 2.05 8,078 O
and it was reported late.
MM working from home, with telephone and pen and paper?
Had to change a nappy before filing the trade?
https://www.dailymail.co.uk/news/article-9152933/Rishi-Sunak-rejects-wealth-tax-cover-280billion-spent-fighting-coronavirus.html
"The Chancellor was presented with plans for a one-off levy on those with assets of more than £500,000, or £1million for a couple, including their family home and pension."
"But Mr Sunak has told allies that he has ruled out the suggestion because he believes it would be 'un-Conservative' and go against the party's aspirational values. However, he is still considering proposals to raise tens of billions from the better-off by sharply hiking capital gains tax."
!!!!! sharply hiking capital gains tax !!!!
Currently:
Basic Rate 10% , Higher Rate 20%.
(18% and 28% for Property)
What does "sharply" mean?
20%/40%?
30%/60%?
40%/80%?
If you bought 1million shares for 1p average, so £10,000, it is now worth £24,000.
The gain is £14,000 , just over the annual CGT tax free threshold.
You can sell 800,000 shares, in TY 2020_2021 , for £19.200.
The gain is £11,200 = £19,200 - £8,000
For the 2020 to 2021 tax year the CGT allowance is £12,300, so you have no tax to pay.
You can bed and ISA the remainder 200,000 shares in TY 2021_2022.
Now, if Rishi Sunak, or Count Dracula of Tax, charges CGT at 30%/60%, and you didn't bed and ISA, it becomes a true horror movie.
SAR = 10p
_________
1million shares will now be worth £100k, with a gain of £90k.
To keep it simple, ~£12k is tax free.
next ~£32k is Basic Rate, 30%, if you have NO OTHER INCOME.
next £46k pays 60%!!!!!!
If SAR went to £1 a share, you will be paying 60% on most of the £990k.
"sharp" means he honed the horn, before giving you a rhino shafting.
4,294,967,296 = 256 x 256 x 256x 256
So there are 4 billion possible MAC addresses, and there are 7.7billion people in the world.
Like lots of people, I have multiple laptops, tablets and mobile phones.
So if you expect IEEE to make sure every device had a unique MAC, forget it.
MAC addresses started out with wired Ethernet, which is a LAN (Local Area Network) idea.
The MAC was only ever meant to make a device unique on a Local basis.
I do wonder if people have identical MACs clashing at airports.
More than likely, the Wi-Fi access points use extra information to resolve the identity confusion.
" what do you guys think the div will be in pence?"
It's a trick question, since HSBC has always paid in US$ cents.
https://www.hl.co.uk/shares/shares-search-results/h/hsbc-holdings-plc-ordinary-usd0.50/dividends
If you think the 4th interim 31/12/2019 dividend is owing, since it should be based on 2019 earnings, i.e. pre-COVID, then there are 21cents they are holding back, for safe keeping like, then ex-Div February 2021, Pay Out 21cent April 2021 would be cost free.
1,000 shares of HSBA would pay US$210, or ~=GBP152
So, buy 1,000 shares for £3,810, and get £152 in special dividend.
That is 3.98% = £152 / £3,810
Even if no other dividend is forthcoming for 2021, that is still not a bad deal.
This is the usual reply to the "nobody dies" approach to solving difficult problems.
"The food supply of the population of Alesia and the 80,000 soldiers it hosted could not last long. Vercingetorix ordered all the grain to be brought to him and rationed it.[18] The Gauls held a council, and it was decided that the old and the sick should leave the town. The inhabitants of the town also sent out their wives and children to save food for the fighters, hoping that Caesar would take them as captives and feed them. However, Caesar forbade their being admitted to his fortification,[19] and Vercingetorix left his people out between the fortifications to starve to death."
The war on drugs can be won just by lacing drugs with ricin.
I wouldn't give discounts when selling it, because the addicts can get suspicious.
The unspoken message from the Climate Change activists is we have too many rabbits in the world, and a pandemic of myxomatosis is just what the doctor ordered.
We have had a year during which we could have encouraged the infection of high carbon footprint individuals.
People who fly can catch it on planes.
People who sweat dance in night clubs can catch it just by breathing.
Drunken sex on beaches should help spreading it as well.
Let us say the death rate is 1% of the infected.
UK population is ~67million
To have herd immunity, about 60%+ need to be infected.
So, 40million infected, 400,000 dead.
https://coronavirus.data.gov.uk/details/deaths
With all the effort and money thrown at COVID-19, we are at 82,624 dead, and rising.
Now, if we didn't try so hard, and thrown so much money away, we would be 400,000 carbon producers lower,
and be the best at carbon reduction in the whole world. If targeted policy at high carbon producers, i.e. multiple beach holiday junkies, with multiple flights per year, the carbon saving is even greater.
What the Foreign Office recommendation should have been was wide open travel to Sharm el Sheik.
Instead of Furloughing, we should have been supporting the travel industry.
After a whole summer of mingling, we could have so many infected, that we achieved herd immunity before Christmas.
The vaccine is just a precaution for high risk groups.
Such a missed opportunity
PAY people to isolate?
https://www.theguardian.com/money/2020/nov/14/universal-credit-fraud-scam
Every time you give away free money, they will just take it, thank you very much.
And then not bothering to do what the money was for.
Ship the infected to Northern Ireland.
If you insist on a one way system, use the ferry to go there, then fly Ryanair to come back.
The sealed plane is not so good for carrying the infected with uninfected crew onboard, but the recovered is OK.
Hire cleaners and cooks? Rubbish, peel potatoes yourself.
The abled bodied infected will be made to nurse the unwell.
This does mean that nobody wants to be tested.
Hence you must round people up, and hold them in Iso-cubes (Judge Dredd, 2000AD) while waiting for the result.
People not shielding and wandering the streets are fair game.
Sold some today to use some of the capital gains allowance.
Obviously, I would love to buy back next day, having banked the gains.
Exactly what the HMRC does not want me to do,
The 30 day rule is just so annoying.
Sold some stuff in the S&S ISA to make room to buy some SAR back.
Would love a retrace, so I can buy back cheaper.
If it really zooms off, it's not necessarily unmanageable.
When it's actively traded, the spread is narrow, so it's possible to sell in a dealing account, and buy back in the S&S ISA straightway.
This does mean that you need to have some cash ready in the S&S ISA to take over the position.
There is an interesting little tax avoidance ruse I have been musing.
Mary and Joseph have a dealing account each.
Joseph bought 1 million shares of SAR at 1p, for £10,000
Joseph sells 1 million shares at 2.3p today, and gets £23,000 back, realising a capital gains of £13,000, just above the tax free CGT allowance of £12,300, for 2020/21.
Mary buys 1 million shares of SAR at 2.4p, which costs £24,000. She needs her own money.
The SAR share price goes up, to say 3.6p, so she sells 1 million shares at £36,000, making £12,000, just inside the tax free allowance.
Joseph now buys 1 million shares at 3.7p, for £37,000, to take over the position.
Mary, darling, I wan to talk to your about how to save some tax.
NOT NOW, Joseph, I'm having a BABY!
HSBC is very happy to give me an overdraft facility, until I actually ask for it.
A five year fixed deposit was maturing after April 6th, but that's too late to pay into an ISA for the prior tax year.
I asked for an overdraft for £20k, making it clear that it will be paid back in days, from the maturing deposit.
The call centre wanted to know what I needed it for, so I said it's for the ISA.
She asked somebody, and they came back with they do not lend money for investment purposes.
If I had said I wanted to buy an Aston Martin, so I can pick up loose women and get a room at the Dorchester, they would have been all over me.
I now want to to do the following if at all possible.
Borrow £50k from HSBC.
Buy HSBA shares at ~£4, sell half of the shares at £8.
This gives £50k in cash, which pays back the £50k loan.
This leaves £50k worth of shares, with no money down.
Move them into an S&S ISA over time.
The nitty gritty can be annoying, like Capital Gains Tax when I sell the shares, so it's not actually £50k cash to pay back the loan. This suggests I need to borrow more. There is an alternative, though.
Tax Year One
===========
Borrow £50k, put £20k into the ISA.
Buy £20k worth of HSBA inside the ISA, at ~£4, which is 5,000 shares.
The remainder £30k buys HSBA in a dealing account, at £4, so 7,500 shares.
Tax Year Two
===========
Obviously, bed and ISA another £20k.
Say the SP has gone up to £6.
Sell 3,300 shares for £19,800, so the Capital Gains is £6,600 = £19,800 - £13,200: i.e. below the CGT threshold.
Obviously you would move £20k into the S&S ISA just to use up the allowance.
Buy 3,300 shares of HSBA inside the ISA.
There are now 4,200 shares remaining outside the ISA,
and 8,300 shares inside the ISA.
There is every chance that HSBA is now paying dividend, defraying the interest charge somewhat.
Tax Year Three
============
Bed and ISA more shares, up to £20k.
Let us say the SP is now £7.
Sell 2,800 shares, for £19,600. Capital Gains is £8,400 = £19,600 - £11,200, lower than the CGT threshold.
Obviously you would move £20k into the S&S ISA just to use up the allowance.
Buy 2,800 shares of HSBA inside the ISA.
There are now 1,400 shares remaining outside the ISA,
and 11,100 shares inside the ISA.
Tax Year Four
============
Let us say it gets to £8, so we sell the 1,400 shares for 11,200.
Capital Gains is £5,600 = £11,200 - £5,600, lower than the CGT threshold.
To pay back the £50k loan, I can sell some of the 11,100 shares inside the ISA, but it is better to leave them in there, getting tax free dividend.
Forever after
===========
Just to be neat and tidy, I would leave 10,000 shares of HSBA in the S&S ISA.
Historically, HSBA was paying US$0.51, or 51cents a year, which is 38p a year.
10,000 shares would pay £3,800 a year. Tax FREE inside an ISA.
Assuming a share price of £8, that is 4.75% = 0.38 / 8
Obviously, the £50k has to be paid back.
Once that is d
Modern cows have been bred to lactate, and they need to be milked daily.
If not, they experience pain in their udder and teat.
Lloyds is screaming, milk me, MILK ME.
It's downright cruel not to pay dividend.
Cash cows have feelings, too.
Muad'Dib: "God created Arrakis to train the faithful"
The shortages of imported food, Evian water and lack of SONY PS5s will make the UK the most lean and mean fighting machine. Recycle your foeces, don't waste the water. Having learned to do without the non-essentials, we will conquer the planet through our indomitable Will. Atomics!
All it takes is for a no tariff regime to switch to 20% import tariff.
Rishi Sunak really needs Andrew Bailey to bury his head in the sand.
If he raises the BOE interest rate, the only way to service the National Debt is to sell all the grand mothers.
The idea is, it reduces the state pension burden, and the NHS old age care costs.
Nobody will BUY the grand mothers, so you have to create some paperwork that makes it LOOK like we sold them, when in fact you turn them into fertilisers. The 40% IHT on their estate helps, as well.
Having witnessed what a control freak would do to get what he wants for the last four years, I now see what a secret organisation like the Free Masons could get up to. You nominate a share you want to dump, and everybody in on it short the poo poo out of it. Then, when it's far below its worth, pump the heck out of it.
All you have to believe is the Free Masons are running Ofcom.
I thought it was a classic head and shoulders in the last three months.
The right shoulder didn't form properly, so there is hope yet.
I bought in below 1p, a few years ago, so still in profit.
The annoying thing is, 1million shares NOT in an ISA.
Missed the 3.1p intra-day, which would have been £21,000+ in capital gains.
Not so bad this tax year, 12,300 tax free, then 10% basic rate.
The anxiety is now in 2021/22, Rishi Sunak could make the CGT 20%/40%.
With no dividend this year to use up the basic rate band, it's the ideal time to realise some serious capital gains.
So, hurry up, get to 5p before April 2021.
If it gets to 10p, I can split it. Sell 500,000 in 2020/21, and the then 500,000 in 2021/22.
I just know basic rate CGT in 2021/22 will be 20%.
Selling 125,000 shares a year for four years?
Do me a favour, give me a forced take over at 5p before April 2021.
Get it over with.
5.233% !!!
Only 20 institutions can have 5% each.
If every fund manager was that greedy, there would be a rush.
What about the FTSE Trackers? They have to buy.
Ration Book time. Queue for it. Ten shares each, now. Don't be greedy.