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Left HL for ii a few years ago. Have fewer complaints than others about pricing / errors / outages and fees are lower, wider range of shares/markets available and costs much lower for foreign shares (can hold funds in foreign currencies rather than pay a currency fee on every buy and sell which adds a significant %)
3,135,857 voted against with ii. Replied to another post by mistake so please don’t double count if you find that one
3,135,857 voted against with ii
Same with ii right now, trying to sell a small slice and ‘no electronic quote’ - market trade just stuck in a queue, limit trade not triggering. Strange.
@rkama - I’m simply answering the question asked and providing my experience/reasoning as it’s relevant. Read a lot here but rarely post as nearly everyone seems to want to find an issue no matter how straight forward the post. Have zero affiliation with ii or any other broker other than as a client.
@cousin - moved my SIPP to II a few years ago specifically to invest in some ASX shares that very few SIPP’s allowed. 7 main markets covered on app including ASX and can buy in more obscure markets by phone (Sweden etc). Also very competitive on fees and can hold funds in multiple currencies rather than pay currency fees on every buy and sell. Recommend taking a look. Fairly decent platform and app for SIPP and ISA compared to HL and others people complain about but not perfect.
I’m afraid this is poor/deliberately misleading information from the WHO and similar to other bad calls earlier in this pandemic - I.e. denying a pandemic/ backing up China’s figures which are very suspicious.
Antibody tests do work to a decent standard already, if not 100% - I took the German Nadal Covid19 finger prick blood test privately this week which currently has 96% sensitivity and 99.2% specificity - very easy to find the pdf documentation on this test and confirm with a google of ‘Nadal Covid 19 Test’. I had been very ill with COVID for two weeks with every known symptom but glad to get the confirmation after the fact as there was no chance of a test at the time. Interestingly this test looks at both Antibody (IgM) but also picked up live virus in my blood three weeks after all symptoms ( IgG) so I’m continuing to isolate for an additional two weeks.
These tests are part of the German solution that’s seems to be working well so I don’t doubt that other companies can succeed in making Antibody tests that are 96% or more reliable and get very close to 100%. The problem in the UK is due to terrible decisions spending £ millions on cheap unproven antibody tests from China when others that work are already available. But no different to their using poor Antigen tests whilst the gold standard from NCYT was on the doorstep.
The quote that I read from the WHO was that ‘there is no evidence’ that an Antibody response provides any immunity. This is false, antibodies to all other Corona Virus’s provide a level of immunity to the same virus between months to many years and they have also infected monkeys with COVID19, confirmed antibodies and been unable to reinfect them at all once recovered. Neither are proof but they are strong evidence that there is a level of immunity after infection contrary to the WHO quote.. There cannot be proof either way yet as not enough time has passed for conclusive studies however the WHO may as well have stated that there is no reliable evidence that recovered patients with a strong antibody response can be infected twice - there are antidotal accounts but that’s almost certainly due to an inaccurate initial test and the virus remaining live for up to two months once symptoms have gone and then being picked up by a later test rather than reinfection. The WHO’s agenda may be to scare people into complying with lockdown rather than accurately relaying the science.
Having said this it does not affect the investment case in NCYT at all. A reliable PCR or similar Antigen test is needed regardless as this works immediately and may remain more reliable whilst Antibodies take time to build to a detection level. However for population screening an Antigen test is a clear requirement.
I’m invested to a lesser extent in GDR, ODX, AVCT & SNG but see all of those as somewhat speculative. Bulk of my funds are staying in NCYT until the share price better reflects sales & a £1 billion mcap is possible IMHO
No interest in what you think is needed Elenor. Didn’t invite your pointless input.
Some clearly finding this thread informative. You can skip or filter if you aren’t interested.
Thanks TDT. BMN a good buy currently IMO, plan to add but have taken a 50% hit on current holding. Have my eye on AMC but no significant funds until EUA provides or I decide to release some NCYT. I’m predicting general market drops for a month or two as results and profit warnings hit so hoping to pick up some bargains but we will see.
Jarrovian. Elenor. This is an interesting thread started by someone else in relation to palladium and I’ve been responding to questions/opinions. I’ll continue to do so and you can skip this one thread out of many on EUA if you aren’t interested in EV’s. There’s very little new information of value. What really spoils the EUA board is the childish references to galleons and pirates all over the place like its a school production of the Pirates of Penzance. Just irritating , not funny and polluting nearly every thread like the Heavy Oil Jarrovian has pointless referenced to stretch this dull analogy further.. I put up with that irritation silently until you gave me reason not to but please don’t lecture on what can be discussed, get dressed up as a pirates and put on a play or whatever ship based activity you prefer instead.
PROP5 - in BMN fairly recently but have take a big hit there.... hoping for good things.
TDT, don’t disagree that lithium can be recovered but doubt that will be the case with most Tesla batteries, once they degrade by 10-20% after 10 years or more most packs will be plugged into the grid for storage - minimal cost compared to recovering material and starting again. Even 50% of optimal capacity is very useful when weight and size aren’t an issue and priced accordingly.
Hi rattie, I addressed that point I thought. Prices will fall dramatically not rise - that goes for both batteries and EV’s in general. ICE cars have thousands of moving parts and there is little more efficiency or significant cost reductions to be gained, EV’s have only 20 moving parts and there’s lots of cost improvements to come from both scale and innovation which are both happening rapidly. Battery prices are falling and there are 15 years of proven lithium reserves based on 100 giga factories producing EV’s (20 times current rates) and another 35 years of likely viable reserves, also lithium can be replaced if necessary in both in batteries and for other uses so I don’t see It as a significant issue. We have many years of production reserves of lithium to engineer around the problem if necessary but every historical projection of commodities about to run out has proven to be false. I remember being taught as fact that we were going to run out of oil in 30 years (that was 35 years ago ). Also if you watch the video TDT linked to on the future of transport we will actually need far fewer cars in the future. Autonomy will mean it’s far easier and cheaper to pay a few pence per mile for an on demand EV rather than buy your own that sits unused for 96% of the time, same for India and other developing nations.. We’ve lived with cars and driving being essential for many but young children may never drive or think to own a car in their lifetime. That’s already the tread in teens/ young adults that live in cities and with autonomy will be the case everywhere. In fact we are likely to be banned from driving on public roads in 10-15 years as the accident rates compared to autonomous will be untenable. It’s already a magnitude safer for an EV to drive (where it’s able) than humans and that trend will grow exponentially. When it’s 100 times or more dangerous to drive yourself that let the EV do it people will either choose not to or be banned.
Cj62 - solar and battery storage, especially for peak demand. Battery storage has been a game changer in Australia, reduced costs massively and closed expensive peak coal and gas plants. So way cheaper and clean. Solar costs, efficiency and capacity are improving exponentially , tipping point reached. Also electric cars are mostly charged off peak at night and this can be managed cleverly to smooth peaks (including pushing energy back to the grid).
G-man - completely disagree that Tesla will increase its prices because it has such a big lead in batteries. Tesla stated mission is to advance EV’s and a sustainable future. They have consistently backed that up by consistently lowering vehicle prices and putting all their patents in the public domain so others can follow. Only Chinese firms have taken advantage of this. They will continue to lower prices as they scale and battery prices fall as they already have been doing consistently for years. Cost per mile is considerably less now than a few years ago and falls every year as Tesla lower base vehicle costs whilst increasing range both for new cars and existing owners with over the air updates. They will continue to lower prices as their costs fall and they move into cheaper area of the market.
NMS1966 - your argument over current percentages is irrelevant. Massive increases to EV market share is happening and will only increase, it’s been slowed by the availability of batteries and deliberate moves by oil and the motor industry but can’t be stopped now Tesla have reached critical mass. You can either make a fortune by investing or stand on the sideline complaining about irrelevant current percentages for which their are historic reasons that no longer apply. Your negative points don’t reflect any in depth research.
TDT - watched that video - really good and though much of it aligned with my current thinking there was lots of new and very compelling analysis. Have recommended to others. Thanks!
Thanks TDT, haven”t seen that but will watch in the next 24 hours for sure. Have been reading a lot but also following many strong EV and Tesla contributors on YouTube. Fully agree that the tipping point will come very soon and a very significant change will take place much faster than most people appreciate. Will be like the move from horses to cars and overnight it will become pointless to buy a new ICE vehicle. Hydrogen is a straw man put up by oil and some parts of the motor industry to hold off EV”s. It’s been 10 years away from production for the last 30 years and is still 10 years away. This never changes and won’t in the next 10 years. EV’s could have made significant progress many years ago but battery technology has been bought up and shelved with strict restrictions preventing use in EV’s. ‘Who killed the electric car ‘ is a very informative documentary on the subject - still on Netflix I think. Tesla and Musk are the game changers and are now too big and too successful to stop (after some wild and difficult years).
Hi Rattie, I’ve done around 1500 hours of research on this subject so far so whilst not an expert I’m into the detail fairly thoroughly and honestly believe that Tesla will be the most valuable company in the world in 5 to 10 years and continue to grow considerably from there. I actually have the polar opposite vehicle right now (V8 engine with a £120 fill up for 350 miles range) and love cars but am persuaded by the performance and other benefits of owning a Tesla. I had high hopes for the Porsche Taycan but it’s just too far behind for 2 to 4 times the money so very easy maths for me to move to Tesla with even better performance than my current car or the Taycan. It’s true that EV’s are a small part of the market but Tesla will grow at 50% plus for the foreseeable future and VW are taking the competition seriously, maybe Toyota and Honda will make strides, most others are in big trouble IMO.. Most other manufactures are simply too late and too far behind in their technology so many will go bust.. As battery prices fall it will simply be a no brainier to buy a good electric car, it’s already cheaper when you take servicing and fuel into account but when an EV is cheaper to buy and then has almost zero running or servicing costs there will be an immediate and massive change in buying and a drop in second hand ICE prices. This tipping point is only 2-3 years away I think, 5 at the outside. The question then is can Tesla (and competent competitors) scale fast enough. If there’s enough demand then I don’t see why not, they built a new Giga factory in a China within 12 months, are starting to build in Germany and are adding another in the US shortly. Each factory can currently produce 250-500k vehicles per year and Tesla can sell all they can build currently. Growth is not as limited as for other manufacturers as Tesla build cars to order within 30 days and get 60 day terms from suppliers so do not need to sink huge costs to ramp up ( other than capital expenditure for factories of which they have plenty). One limiting factor has been the global supply of batteries but that is being overcome and Tesla are starting to produce their own. They have the top researchers in batteries and vehicle technology, many ex NASA (along with space X) and their pick of top graduates from the likes of MIT. None of those key employees are very keen to work for Ford or GM. My car is a V8 petrol which although terrible for the environment is actually fine for the London clean air zones - swapped my diesel ahead of the restrictions as that was a fail but any Petrol after around 2008 is not currently banned and there are no immediate plans to do so. This change will come very quickly and I think that Tesla will keep growing to 10-20 million vehicles a year or more at a breakneck speed. There are still considerable price falls to come as they improve their manufacturing, battery prices, scale and likely move into smaller vehicles after the Y and Cybertruck.
Tesla are close to announcing a million mile battery and already have a very significant battery guarantee, most other companies are 8 years or more behind their battery technology. I.e the original 2012 Tesla battery performed better and had more range than the latest batteries from any other manufacturers this year. Tesla's current batteries are way ahead of their originals and significant further announcements are expected at an upcoming battery investment day as well as frequent over the air battery management and range improvements for existing owners. There will also be a useful life for Replaced Tesla batteries as part of the grid and the kWh price is falling rapidly. Charging wise I live in a terraced house in Clapham junction. There are many new dedicated chargers on streets all around me, the council will add some to my street after enough requests and there is a policy to cheaply add (slower) charging points to street lights so this is and can be increased quickly and relatively cheaply with government grants so isn’t a barrier at all. My next car will be a Tesla and I’m planning to invest heavily in their shares on the market drop as they basically own this market, many other car companies will be going bust fairly soon. Would really like my EUA payout for this purpose!
Placed a top up order (£1010) at 11.50p and it’s still not filled after 15 mins with ii so something looks to be going on...
Thanks for the information everyone, extremely helpful responses and I didn’t properly consider the shares being traded immediately after the RNS which seems highly likely from responses so is the answer I was after. Depending on the rest of the market and how soon the RNS drops I intend to sell some shares to de-risk a little once training but hold a significant amount to see if there are other bids. Thanks again!
My frist post in this chat but have been following avidly since buying in after the rise to 2.6 in October then added more prior to suspension. My question is on the likely payout timeframes after an RNS having never been invested in a share where this has happened (assuming we succesfully get either a dividend for part sale or agree a T/O). I understand there would be a shareholder vote on an offer for a full T/O (and for a part sale?) . How long do others with experience of previous mining sales think the process (to payment) will take from the time we are informed by the BDO? There are specific long term shares I'm keen to buy whilst the market is especially low and just trying to gauge whether funds from EUA are likely to be availabe in the next few months. GLA and would appreciate some responses. Have searched google but could find anything relevant but may not be framing the question right! Cheers