Purely based on a binary comparison between POG and POLY, JRS is lagging behind in both the 6m and the YTD charts by a good 5%
Based on the increased volume, and the fact that JRS appears on the LSE leaderboard (thus increasing exposure to the masses) I would say 145-150 is currently fair value, with peace talks & ceasefire being the obvious catalysts for a move much much higher.
Looks like a pretty straight forward 2x from here as a LTH, and a simple 10% trade over the next few days at worst.
Yes, but the purchase of the share offsets other profit does it not? Or at least that was how I understood it.
i.e If i've bought 400k of shares this tax year and I've sold shares to the value of 420k... then I'm liable to around 8k that is subject to CGT ... however my point is that if the purchase of placing shares through primary bid is classed as a purchase of shares this year, then that increases my purchase outgoings by £8k (my allocation) meaning I won't pay CGT.