Member Info for MaryBr190

Nice price rise today, despite US futures doing their best to dampen the UK market.

Good timing for you. I see 665 so far.

for sure - expect to see £14, £15 & £16 plus an 80p (over 6%) dividend to soften the blow while we wait. Payment this Wed of 24.4p for holders pre 14 Jan 2021.

Showing my age here but I still have certificated SSE stock held from the late 80s & 90s. (formerly Scottish Electric and Scottish Hydro).

Sharefall,
Noted
BTW I never mentioned her by name. It was a tongue in cheek observation as the media hits saturation. Certainly not meant to offend.

My initial response was a smiley comment to be careful about funding other peoples ISAs with your funds (btw it also against the ISA scheme - unless an outright gift subject to PET etc).

I have seen too many fleecing their parents, assets taken due to a broken marriage, children deciding they want the funds for themselves. (A cousin broke his parents and siblings heart by taking the family home and land. He wanted to farm it. His new wife made him cash up within a year and they divorced and he is now back home having lost the house, land and assets in a divorce settlement and paying money he does not have to the scheming ex)

My point is that it is a difficult call at what point to pass on wealth downwards with any certainty of outcome.

Yes Daniel - VOD of course. I was trying to respond to your comment which had a header of re BT. in the VOD chat. I will try to be more specific to avoid confusion. At my age, I am new to these chat threads.

Have a great day and a great trading week.

Daniel
This works for me but is certainly not a recommendation to follow. DYOR.

For some context. I have traded in around 100 different shares. I try to keep my active portfolio to under 20 stocks (which I actively monitor and trade). My core stocks build up over time. No losses realised and up 70% (well over 6 figures - effective CGT tax rate of 3.6% as most in ISA) in the current tax year. Obviously paper losses happen time to time but usually reverse as they are tranistory. Diversification works for me.
Most days some shares get hit while others soar but the portfolio goes up week by week. Some days up £10k, had a £24k rise a few Mondays back. What a buzz. On these days I reduce the winners if they surpass my target price. I hold no love for the stocks so can be ruthless in cashing in even at the expense of further rises .
Some days are down too. On these days I look for opportunities in overold stocks. There are always many. My portfolio seems sweet at the moment. eg on Friday, down 4k on open, up 6k before sell off in US ended largely flat. Within that I let BP. continue it's run ( I have nursed it back from 190p and a 9k paper loss on the holding), and trimmed a few positions that popped up. eg SPT WG. I will rebuy these to trade on drops. I work on increasing my positions and reducing my averages. I aim to drive down my averages to Zero over time.

Your point is that the return % is relative to the holding is true. 13% on 100 shares v 6% on 10000 shares. The latter wins.

For me it is about recouping capital to the extend I hold shares that have effectively cost me nothing. The first stage is to get it 20% of the previous low and to continue averaging down. My trading plans vary on specific shares.

Here is an illustration (when I choose an opportunity)
AGAIN NOT A RECOMMENDATION TO FOLLOW.

Company X - gets whacked by down market or broker downgrade and is obviously oversold. Usually a good entry point. Particularly when the fall is indiscriminate. No rationale for the drop ferocity.

A recent example would be Trainline (never traded before).
Average in eg 410 (1/3) add on a further drop 390 (1/3) and on capitulation add again 374.4. In this case I got out around 440 (with intention to rebuy) but missed the rise to over 500. I will rebuy again when the price comes back below 440 if it does and repeat when possible.

MCRO is another amazing trading stock. In at 390 out at 500+ in again at 420 - all in a few weeks.

Sit back and wait for bounce. (I buy stocks that are likely to pay dividends, or resume dividends). On a bounce, even 30 mins later I sell a portion, maybe half, less or more - I have an algo (glorified speadsheet macro :) that optimises the best sell quantity and my average is brought to breakeven with hope for a partial retracement over the next week or month. I hold until is does. I try to keep cash at around 30% to take advantage of drops.

HTH.

The share price will rise. The share price will fall. There you go. It will provide great trading opportunities. At around £1, a couple of well timed trades may average down 40% quickly. Adding and trading and averaging down where possible. DYOR.

Agree with most of that but ITV brand is worth much more than current price. Keep a low average (sub 60p ) and trade and add. I am at sub 19p and will keep the faith.

Walk before you run. While people are itching to get away, I would have thought packed cruise ships immediately and price hikes are unlikely. The US cinemas are only opening with 25% capacity, so 100% on cruises ( until it is proven safe with any outbreaks controlled ) would be foolhardy. That said, once it starts to normalise or seen moving that way, with the x 15 multiple ( old v new) share price I see £15 minimum. It is just when. GLA. I go with Titan, twice a year, but not yet.

an approach is confirmed with the results or slapped down. The Board cannot remain silemt surely?

Saga has delayed the maiden voyage of its Spirit of Adventure cruise ship until the end of July because of restrictions on travel. Covenants secured and a nice picture of the ship.

https://www.thetimes.co.uk/article/saga-reaches-new-deal-on-debt-as-pandemic-keeps-its-ships-in-dock-wnf9w8fxq

Certainly should benefit. As well as all those lovely Smith Nephew knee surgeries.
The $ strengthening so I am calling for a rotation to pharmas $ earners and general large pop upwards before the crash penciled in for around the ides of March.

Take a note for the best buying opportunity this year in a week or so.

True, I trust mine but all families are not like that.

Would you pass your Crown jewels to your grandson if he was called Harry and his lovely wife? x

When the airports start getting passengers in volume, this will double from here.

HTH. Timydogy
Anyone any ideas to reduce stamp duty handed over (other than trade less)

and hope they don't keep your capital :)

If you have tax free ISA gains x 2 and gains covered by your annual CGT allowance then 10% on a portion of your non ISA gains (or 20% if you are a higher rate taxpayer) gives a fairly low effective tax rate on trading. If you are making profit of £200k in total (half each ISA / non-ISA x 2 spouses, then you may have tax of 8k-15k (ie 4-8% tax)

Compare that to your income tax and NI insurance payroll of maybe 32-45% and it seems highly efficient and a low overall rate and sleeping in peace at night.

It can get a bit messy if you have multiple accounts and hundreds of trades but if your broker allows downloads to an excel spreadsheet then it is rather striaghforward once you get it clear in your mind.

My main bane is stamp duty as I see it as lost profits. Have considered CFDs but do not like the overnight charges if you need to hold until a position comes good. Any heads up welcomed re stamp duty.

Everything where possible in an ISA. However then the Revenue have you on IHT if you build up a sizeable portfolio over the years. Just remember to enjoy your gains. Let rip on a park bench with a takeaway coffee or jump a park fence like Han**** :). Go mad.

A useful way I have found is to realise your (non-ISA) losers that you feel will turn good. eg this year GSK (insert any stock) for example on 5th April. Rebuy on 6th into an ISA or prior to year end if your have freed the necessary cash within the ISA £20k allowance to ensure the position moves over. The paper loss reduces overall gains and once in an ISA the 30 rule does not apply. The match is broken. The anticipated recovery and dividends are tax free and if done right you can transfer with minimum differences.

My holding isn't that large as it varies between 5k-10k shares as I work the average down towards £ Zero and rebuild. Current average is 110p so I top up on a drops.

Seems to be a great and interesting company to work for. You probably hear more news and anedotes from your ex colleagues.

I use the elastic band trading strategy, :). When prices are stretched to near breaking I tend to go in. My best one blind was FSJ - hit the low to the penny almost around 754 and then whoosh. Felt good.

Thanks for bringing me up to speed. The link seems to be in arabic which unfortunately in my case is non existant so I shoved it in a translator. It seems to talk about replacing "Egypt fund" with "Egyptian Sovereign fund" which I assume is mainly administrative.

In essence that takeaway from your posts seems to be the law protects contracts from 3rd party legal challenges which I presume to be good news for CEY.

2012 - 2014 - 2015 - is this relevant to today or is there another update ruling due?

Not advice. Here goes. My understanding is as follows.

With your initial query, my assumption was that you were reversing the "sold in error" quantity (in full) and buying back within 30 days.

This falls under the matching rules and would create a loss or gain (on that matched transaction) which is taxable in the current year at your CGT rate 10% or 20% (rate depending on your other income).

The new example, Comp X, differs from your original query. In this case

Share disposals are matched with acquisitions in the following order
(a) same day
(b) within 30 days
(c) and finally the share pool.

The 21st of March is matched against the 5th March sale. In your example, because or the large rise in price you actual have a loss for CGT purposes of £10,170 (2020/21).

The 50% price rise in a short period would be unusual, although possible I suppose.

Going forward you have 10000 shares will go into the S104 pool at a base cost of £10,060.

The "matching" rule exists to stop shares being sold to crystallise a capital gain or loss, solely to use up the tax free exemption.