Member Info for LordAdam

Yes, about a fortnight earlier ... and I suspect (as I think you do) that that is a good sign overall. Of course it leaves two weeks less for folk to get in before the day and I think that's probably why we're seeing the gains today. We never did get to know who the directors sold that big chunk of shares to ... I wonder if it's someone with American connections? Now that would be an interesting development ... By the way ... I'm so glad that you've 'come out' and confessed to following hot tips on the forums ... now I can do the same and stop pretending that I put any thought at all into what I/we are doing. At last I can come clean to spending all my time scouring the forums for the latest (and best) rumour ... anyway, must dash ... want to do a forum search on that guy ... what was he called ... Riddler, Ribbler, Dibbler ... Diddler ... that was it -- before I miss the boat on that one. Mike

We used to play these games back in the 80's when I was first into the market ... then I was out for a decade ... played them again in the 90's ... then out for again until this Spring -- I see it's still the same. CGT is a pernicious tax ... at first you think 'no way' am I going to be paying that ... and then it sneaks up on you and bites you when you weren't expecting it. It's made the worse by not being able to carry the allowance forward and the B&B rules. For us its been a perfect storm ... the change in the dividend rules next April has caused us to have to take big chunks of money out of my own company (I was holding them in there for retirement) ... and we are now hitting all the stops at the same time ... tax bands, CGT etc May you live in interesting times I guess ... Today I've been engineering a bit of a capital gains loss and producing some dividend income out of it ... but the old instincts are hard to go against and I wouldn't be surprised if I didn't end up with another capital gain and the dividend. Mike

Yes, the fine details are contained in the interim results RNS of 6 May 2015. The SD will be paid alongside the Q4 dividend. That RNS also spells out the intention to pay 80p div annually for 2015-17. So the total this year will be 100p. Technically the Q4 dividend is still to be declared but I expect it to be 23p to make up the 80 in total ... so 43 p per share on 14 April 2016. Subsequent years may or may not have such a special dividend depending on the boards decisions. Mike

PharmaJohn ... sorry didn't see your post there in the sequence! You're right it is more work than you strictly need to do ... we already have 'mirror' accounts with iWeb and we can transfer at cost as you say. But I kind of want my cake and eat it? I'd like to use this years CGT allowance _and_ keep the shares. As they aren't in the ISA if I sell them I can't buy them back for 30 days without losing the CGT allowance under the matched share rule. By selling them on my side and buying them on hers I can crystallize the gain and keep the shares ... by selling the bundle that I 'give' her she crystallizes that part of the gain and I buy them on my side. Apart from dealing costs (no SDRT on Trak) and the split (not small I admit) it shouldn't cost too much to do. Mike

Ah ... so you are one of the wise and celibate sort ... all is not lost ... there is a second scheme that I have in mind. Until we get to April 2016 when Mr Cameron's new rules on Dividend income comes into play most folk (if they are not higher tax rate payers) can basically take dividend income free of tax ... If you are in that category ... then it's possible to turn a capital gain into income in the form of a dividend which would not attract any additional tax. Here's how it goes ... you buy a heap of shares that are going to pay a big dividend and you buy them just before they go ex-dividend. Then the next day when they drop by the dividend you sell them again. Now you make a capital loss which you use to offset the Trakm8 gain and 3-4 weeks later you get the dividend as tax-paid income. What you need is a really big dividend ... LRE comes to mind ... goes exDiv on 26/11 with a whopping 61p dividend on a £7.50 share ... on the 27th that will go down by about 60-65p (there's your capital loss to offset against your Trakm8 gains) and then on 18/12 you get the dividend itself with a tax credit to cover the basic tax. Would that do the trick for you? The only real downside is that you are then out of Trakm8 some time before April next year -- otherwise you have the loss but no gain to offset it against. Mike

Perversely Knowbodyyouknow I started off with the solution that you wanted in the first place ... namely nearly all my Trakm8 shares held within an ISA and then I created the problem that you now have by effectively taking them out of the ISA and into my general dealing account (via a sell and a buy which I made on). That put some capital gain into the ISA and left me with all the shares in the general account. My reasoning was simple, but ultimately in the face of these sorts of gains, flawed. Outside of the ISA I had an 11K CGT allowance that I was unlikely to use and Trakm8 didn't pay a dividend ... so it seemed that it would be more efficent to soak up the non-ISA CGT allowance and use the, now released, cash in the ISA to generate dividend income. (I'm into HYP as I'm close to retirement.) The manoeuvre wasn't a bad one ... but it was badly timed. I should have done it later when the capital gain was larger inside the ISA. I just didn't think that my target of 200-250 before Christmas would be blown so quickly. So now I have the same problem as yourself and probably the same reluctance to hand money over to the chancellor in the form of Tax. But I have one of those, often underrated tax asset, a wife. So my best plan at the moment is ... you can't do the old 'bed and breakfast' thing anymore (not without a 30 day gap) ... and 'bed and ISA' won't work if you've used up your allowance or want to use it to get cash into there ... to use my wife's CGT as well as mine. Gifts between spouses are free of capital gains and the asset moves across at *cost* price ... for other such gifts it moves at market price. So if I give her shares its as though she bought them in the first place. That's wheeze number one. The second one is that you can't carry a CGT allowance forward to next year so you have to use it this year by making the gain :( So the plan is that I sell the number of shares to make £11k profit ... she buys them at the same time ... that uses my CGT allowance up. I transfer my remaining shares to her ... in 30 days we do the same again but in reverse ... that uses her CGT allowance up and then after a further 30 days we transfer any remaining shares back into my account. iWeb will do a nil value transfer between accounts for nothing (yes nothing!) on the basis of a phone call. So that's the plan ... so far ... Hope it makes sense ... and if you see a hole in it ... let me know! Mike

That's exactly how I read it ... the RNS last week and the large gains will have triggered the stock filters that monitor the AIM. It's very likely that there has been some positive press comment somewhere or other.. I'd be surprised if there were another RNS before the results in early December. Observation suggests that Trackm8 uses the RNS service as its main publication mechanism rather than trade or financial press. That suits me and gives them control of exactly what is printed and when! I'm now trying to figure out what to do with my capital gains from these shares ... I'm over the limit and if I don't crystallize some of it before April it will only get worse next year -- once I come up with a plan I'll post the details ... it may help someone else. Good luck folks ... I'm still expecting a mild settle back later in the week. Mike

Basically, with such a small amount (£46), in a SIPP, your best choice is to take Option 2 and convert the dividend/C-Shares into ordinary shares. With the SP at the current level you'll be getting almost twice the number of shares that you would have earlier in the year. You probably don't want the cash outside of your SIPP and even if you took inside the SIPP the dealing costs would swallow a big chunk of it. From memory RR do a CRIP scheme to buy ordinary shares for you at a very low dealing cost -- that should still apply within the SIPP (although I don't know what HL's rules are on this). Hope that helps, good luck ... Mike

@moorhey Thank you so much for that amazing insight! I'm very much still trying to get my head around LRE and your observation helps me tremendously -- I'm sure it will help others too. LRE just isn't your average company as regards its dividend policies etc and as I'm trying to put it into a high yield portfolio (HYP) it's taking me a while to crack this particular nut. But my instinct tells me that there's the potential for a very nice future income stream here and I'm certainly watching it very carefully (although I do have at least one or two toes in the water!) Mike

Hindsight is always 20/20! ... I'm new to LRE so I don't have a big holding here ... I've been waiting to see how the special/normal dividend cycle works in practice before committing further. Funnily enough I had 60p penciled in as my best estimate of the special if there was to be one. My major concern was that there might *not* be a special dividend at all ... in which case I would have been seriously out of pocket. But we're not home and dry yet by any means. Looking at the charts for previous years its not at all easy to say what will happen between now and the ex-div date and then from there until next spring. I really do wish my foresight was 20/20 on this one -- it would certainly make things a lot easier! Mike

You're right it is difficult to predict ... 267.5 on the mid price as I write ... my own estimate was for 200-250 before Christmas! The announcement of the US business and the up coming interim statement in early December seems to have made a mockery of my figures. What's more ... do you remember that maneuver to get my holding out of the ISA and into my ordinary holding account that I did back at 200p to make use of my CGT allowance? Well now I'm getting to be embarrassed by the amount of capital gains that I'd make if I cashed this lot in. Looks like I'm going to have to give my wife half of the holding just to keep the numbers under control! Still those are the sort of problems that we'd all like to have all the time! Looks like we're in a rising market again for a while ... I'd expect a bit of consolidation the back half of next week ... I suspect that the RNS and today's (possibly tomorrow's?) rise to attract the attention of the weekend press and some pundit buying on Mon/Tue. That may lead to a settle back about Thu/Fri -- but I don't think it will be much. For the long term there really is only one strategy ... hold on! Mike

As you jumped ship at 183 and don't seem to be interested in getting back on board your question seems rather arbitrary. Mike

Enormous spread this morning ... 15p ... just closed to 10p again now ... suggests that some of the market makers are dealing with a largish sell order but are not reducing the ask price to match. If the ask price does come down to match the bid then it could be a chance to get a top up in. Overall though this is typical behaviour for TRAK in the quieter periods between results etc. I wouldn't see much happening over the next couple of weeks leading up to the results next month -- unless there's a surprise RNS that is! Good luck everyone ... I'm holding for the bigger gains to come. Mike

Thanks for the reminder about HL ... I'd forgotten that they do trade information. It's a bit buried but fairly easy to find in the links etc. Interestingly they reinsert the delayed trades back into their correct place in the trade list. Although in this particular case they adjusted the time by one hour presumably because their system knew the clocks had shifted over the weekend! Yes, I'd forgotten just how nice a site the HL one is for stock research and information. Mike

Captain's Log: Additional: Another site (ADVFN), which I often use for monitoring trades, actually listed the late posted transaction of 30,000 shares that was done on the 23rd as a real trade on the 26th! No wonder I some times have trouble reconciling the market moves with the trading activity !! Good luck all comes to mind! Ps. If anyone knows a reliable, free, feed of trade information I'd be very grateful of a link. Mike

You'll have seen my last posting about how largish trades can be delayed in the report lists ... there's a case in point today/yesterday. We're on the 27th and if you click on "TRAK Share Trades" above you can see the trade list showing today's trades. But because TRAK has so little volume (normally) it also shows the trades for the 26th and as far back as the 21st. In among the trades for the 26th (Mon) you'll see one listed from the 23rd (Fri). It's for 30,000 shares at 241.93p and says its a buy based on the bid/ask price of 235/245. But the trade actually took place at 10:21 on the 23rd when the bid/ask price was 240/250 so I think it was actually a sell, not a buy. There must be some rule or mechanism that prevents the general market or Joe Blogs from seeing these trades for a delayed time ... clearly this makes decision making in the face of market price moves even more tricky than we thought ... When the price moves we don't know if there is a delayed reporting trade that has shifted it, inside knowledge, market manipulation, or what ... Mike

Mugged ... perhaps an evocative word, but perhaps also not an unfair one ... caveat emptor is probably better, although to be honest the average persons knowledge and experience of financial instruments and situations is such that its like taking candy off a baby. An elderly couple asked my advice, about 20 years ago when this scheme was popular in a past time, I didn't advise them one way or the other, but I made sure that they understood all the ins and outs of what they were doing and what their other options were. They chose not to go ahead with it -- I thought that that was the right decision for them. Mike

Just starting to look at this share from a long-term high-yield portfolio point of view ... higher up the page it says the yield is 7.96% but putting 7.6p per year over say 120p gives 6.33% on my calculator -- or have I missed something?

Just recently I've discovered that large trades (large relative to the normal trading size for the stock that is) can be significantly delayed before they are posted to the trade lists. In some cases I've seen big trades posted after the market closed on the following day ... this is supposed to be a mechanism to help prevent panic swings in stocks and cascades of sells or buys from building up. At first I thought that this site's figures were wrong ... but I now think that they do a better job than some other sites in that they at least post the information even if it does come in nearly two days late! So ... sometimes the price moves and we can't see the transaction that caused it for some time. Similarly the price might not move because of a large counter balancing trade that we can't see yet. Mike

This is the second time that I've had to mention this ... the UT trade that takes place at 16:35 each day (when required) is the closing market auction between market makers ... it's not a share trade its an Uncrossed Trade ... UT ... read the SETS (Stock Exchange Trading System) manual if you need more information. What you missed is the real cause of yesterday's late movement which was: 20-Oct-15 16:17:59 439,870 shares traded and only posted in the trade lists today *after* the market closed. Mike