Member Info for ICL1960

LLOY up 1%
BT.A down 1.35%
It sort of balances out for the day.

It's the slide down from £4 to £1 that really hurt.

All is forgiven, if BT.A climbs to £5 again.

The way it will play out is, an Italian or Russian hedge fund will buy up the fibre asset when it's nearly done, so cash cow ready to milk. The pension fund liability is simple. They have a ready list of targets, which will be given to the Mafia hit squad. Operation Paradiso. Suddenly, there is a pension surplus.

They buy in from £4 to £5.
Finish laying the fibre.
Execute Operation Paradiso.
BT.A then shoots to £15.
Exit.

Don't use Novichok. I would hire ex-Red Sparrows.
The pensioners could die with a smile.

Think Xenia Onatopp - Golden Eye

I" was trying to find a way of releasing some funds to top up yesterday- story of my life - missed that boat."

A couple of years ago, I wanted to top up my S&S ISA, before 5th April.
A five year fixed deposit was maturing on 7th April, so bad timing.
I asked HSBC to give me an overdraft of £20k.
It was only for a week or so, so how can they say no?

The HSBC Premier call centre man said my credit is good, so shouldn't be a problem, just need to confirm it with some department. He came back and asked casually what the money was for, and like an innocent bunny, I said to top up the ISA.
He checked with the lending control people, and they said NO. They don't lend money for investment purposes!

If I had said I wanted to buy an Alfa Romeo, and go on a road trip with Monica Bellucci, they would have authorised it, no problem. If I wanted to have a sex change, it's your money, do what you want, but to top an ISA, forget it.

After a year of nothing to book, first day they have something to do.
Built an IT system and a team for the whole world, just when the whole world shut down.

They could quite easily move to a home working model.
Rent computing facilities.

With the right communications set up, overnight coverage could be done overseas.
The UK can cover Tokyo and Singapore, if you can find Japanese, Mandarin and Malay speakers

So, "worst case" is:
0-3 years No reduction

" As you have held for over 2 years i think you can gift without any inheritance tax liability."

If you sell and cash in the AIM shares, it is just cash, and no longer qualify for the exemption.

I bought some AIM shares for my mother in an S&S ISA (hers),
to take advantage of this, but only some AIM shares qualify, and HMRC WON'T tell you which!
Property related AIM shares do not qualify, at least they tell you that.

Another nightmare scenario:

Your SAR shares are in a SIPP! and it pushes you over your lifetime allowance of £1,073,100.

55% tax! Well, only on the money that is over £1,073,100.
But you have to take out the 55% money first, before you get back to under.
So, when it's £900k, you draw down £200k, which is 25% tax free, but the other £150k incurs 40% higher rate income tax.
And then, the SAR shoots up to 20p, and you breach the lifetime allowance any way.

Aaarrrrrgggghhhhh!

There are a lot of parents who have the pass it on instinct, but don't realise the HMRC is just waiting for you trip up.

Unless you live another seven years, the gifting does not count, and all the money gifted are still subject to 40% inheritance tax.

Four mortgages is probably £500k to £1m worth.

On 2 January 2009, SAR = 0.04p (12 years ago)

Let us say you have 10,000,000 shares, which you bought at 0.04p 12 years ago, for £4,000

SAR = 1p means £100,000
SAR = 2p means £200,000
...
SAR = 10p means £1m

If it's inside an S&S ISA, there is no Capital Gains tax, otherwise it's 20% tax, at higher rate.

The problem is, the house you live in is bound to use up the tax free allowance for inheritance tax.

Let us say you gift £200k each by paying off their mortgages, so the size of the gift is £800k = £200k x 4.
The seven year exempt rule means you need to live another seven years for the gift to be tax free,
otherwise the Probate process will still count the £800k as part of your estate, and demand 40% tax,
£320k = £800k x 40%. This just means extra headache for the Executor of your Will.

The worst scenario is, you pay £200k in capital gains, give £800k away, and end up paying £320k IHT as well.

Imagine Rishi Sunak in a Vincent Price Hammer Horror outfit, and laughing hideously.

If you have a tax nightmare tonight, welcome to my life.

Octopus Investments Nominees Limited?

Call James Bond. Spectre is muscling in.

I suspect buy backs are good for institutions that don't pay capital gains tax, like pension funds.

Dividends are taxed twice.
A company pays tax on its profit first, the dividend paid out is after tax.
As a private investor, you get £2,000 personal dividend allowance, but more than that you pay tax, @ 7.5%/32.5% .
If Lloyds uses your profit to buy back shares, I don't think they pay any corporation tax on the buy back money.

If you are a pension fund manager, and you don't pay capital gains, you would like capital gains.

If I had some unused capital gains allowance, £12,300, and I used up my £2,000 dividend allowance already,
I would prefer to take the profit in capital gains too.

Would you like some monitoring with your lights?
No thanks, who's going to look at it?

This is until Greta Thunberg ascends to her throne as Planetary Climate Tsar, and Boris Johnson has to pretend to do something. Why did I have to have an EPC? Why did I have to have a smart meter? Before you know it, every factory/warehouse and school will have to show their energy consumption history, and Boris will give you a grant for an upgrade.

Would you like a Energy Tsar Certificate every year? A £1,000 a year maintenance contract, please.

https://treasurelife911.medium.com/bitcoin-chart-vs-tulip-mania-chart-vs-gold-vs-beanie-baby-craze-vs-price-crash-spells-doom-for-adc918be0496

Sooner or later, some government will bring in Green energy laws to prohibit Bitcoin mining.

But, I'm using it to heat my house. My hot water runs off the water cooled CPUs, I adapted my Aga to cook with the waste heat. All disallowed by 2025, when Greta Thunberg becomes Queen of the Planet. Followed by vasectomy after one baby.

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?

19-Jan-21 10:48:55 2.21 904,435 Buy* 2.10 2.25 19.99k O
19-Jan-21 10:39:05 2.15 930,790 Sell* 2.10 2.25 20.01k O

Good man. May your ISA be fruitful and multiply.

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.