Member Info for JTec

Can't believe we were three times the current SP a month ago, should have sold, but didn't, & now we get burnt as per usual on AIM.

Thanks for your thoughts guys, much appreciated. I think I'll probably hold off a bit longer to see if the SP nudges up a bit more, & then recoup my original capital. GLA.

Cheers Furion, might wait it out a bit longer, but you always get that haunting feeling that you're probably being too greedy, & it will come back to bite you on AIM (well, probably most markets in the current climate).

PREM has now reached my original buy-in price back in 2017, but currently up 300%, due to averaging down during the lows. Can't decide whether to take a chunk of profit or just let it carrying on running, as been stung so many times on AIM.

Oh well, looks like my shares have been compulsory acquired, as a takeover credit has appeared on my HL account today. I never accepted the offer as my average was £1.80 (had too many other shares needing the cash, so never had the funds to average down, prior to the takeover bid), so was hoping they would remain on my account, perhaps pick up a few dividends along the way & maybe get offered a better price at some point in a future compulsory acquisition, but no such luck.

Well done to anyone who made money, & best of luck in your next endeavours to all you guys out there who lost money like me.

At least the weather is nice..... Take care.

Cheers Bob, thanks for the response & info from HL.

I have spoken myself to HL in the past & they have always stated that they are not tax experts, & so I have usually contacted HMRC directly (when you are lucky enough to get to speak to someone).

Anyway, I have been on Google, & the consensus seems to be that the 'trade' date is the tax point & not the settlement date, I quote from several sites I visited :-

"The trade date is the legal binding contract date & so therefore the tax point date, the settlement date is purely for administration purposes between you and the broker and is of no interest to HMRC"

Thanks again Bob, & I hope this clears it up for anyone else who was unsure.

Have a good week everyone, Cheers.

I got my dividend today from Hargreaves Lansdown, however, the trading date of the dividend is 11th April, but the settlement date is actually the 31st March, so the transaction dates now span across different tax years. Can anybody confirm which date to use as the tax year ?

Cheers Guys. I did have my chance to cash-out back in 2019 at a tiny profit, but decided to remain an investor when they started paying dividends, then a month or so after the second divy , TLW crashed, & then obviously that was followed by Covid, so I've been kicking myself ever since.

Cheers JMAX, I have thought about doing that, but struggling with capital at the moment.

TLW is turning out to be my worst investment ever. Been invested for over 7 years, but can't bring myself to sell when I'm so far underwater with an average of £1.50, & can't risk averaging down any further as I'm far too over exposed as it is, so really don't know what to do with this, apart from just carrying on holding & hoping for the best.

Yep, been here 3 years now, & it does this every time after a rise. Would have been better off trading it every time, rather than investing in it, but FOMO takes over after each bit of good news.

Yep, agree MV, but I did think at one point it was going bust, lets hope those days are now over !

P.S. I think it actually went down to almost 1p at one point, but I just couldn't justify buying anymore.

Better timing than me then mate, I went in quite deep when it was over £1, & being getting in even deeper as the price kept dropping right down to 2p !

P.S. I'm also underwater in QFI too (but not as much), been there for over 6 years too, so hopefully shipping is following a similar path to aviation.

I've always thought VLS & it's technology sounds like the perfect share to invest in the way the world is going, now & back then, so I hope your right MV.

I hope so, I thought that last year when it bounced up to this level, only for it to fall back again.

I've been here for the long haul already (over 6 years) & still waiting to get back into profit !

Citylink,

Unfortunately, the fact that it is a Takeover/Acquisition is irrelevant, a Gain is a Gain, & once the transaction is settled, you will be liable for CGT above 12.3K in the tax year of the transaction date, unless you have losses in the same tax year to offset against it, or losses carried forward from previous tax years. To cannot transfer 20K if it into an ISA "tax free", because even if you did a 'Bed & ISA' transaction, it still involves selling the stock from the investment account (hence a Gain) & then re-purchasing it in the ISA. You would have needed to do this earlier in the tax year when the price was lower to avoid CGT, assuming you hadn't already used up your 20K allowance for the tax year.

ceejay1awest, the retail offer is 45p, the 10p refers to the nominal value of the shares when they were originally issued, you will probably see this listed on your portfolio in the share description.