Member Info for MaryBr190

Daniel, by averaging down my sub 60p average is giving me a 13% return. All in an ISA too is best if you can.

This is quite an interesting article.

https://www.shiftingshares.com/what-is-an-uncrossing-trade/

FWIW
£7.60 or higher, even over £8. I plan to reduce over £7 as is my MO. Average down on spikes. Buy low sell higher etc.

GL
DYOR

Welcome. Very few post here so glad of the company.

The trade is an uncrossing trade - UT

An uncrossing trade is where buyers on the bid and sellers on the ask match together in a single trade at the end of an auction period. The uncrossing trade shows up with the trade code “UT” on the London Stock Exchange.

Dividend maintained throught covid, I top up on dips. Average sub £2.70 and still adding, leaving average below £3.60. All tipping £6+, great news flow, what's not to like.

DYOR

Samll trades are usually people wanting to settle after 4:30 and having pay more to buy / less to sell with a broker placed limit order.

Is that the 2012 Sukari court case or another?

You do have a CG tax free allowance £12,300 for 2020/21.
Within 30 days, they are matched and do not form part of your S104 holding.
Any gain / loss on the buyback will be insignificant unless there is a spike.

Example
Mr Schneider owned 10,000 shares in Mesopotamia plc.
500 were purchased on 11 September 2019. The remaining 9,500 are held in the Section 104 holding. Mr Schneider sells 4,000 shares on 30 August 2019. The disposals are identified as:

500 against the shares purchased on 11 September 2019 under the ‘bed and breakfasting’ rule
3,500 against the shares in the Section 104 holding

Suppose Mr Schneider received £6,000 for the 4,000 shares he sold and paid £850 for the 500 he had bought a few days later. Because he bought additional shares within 30 days of making the disposal, 500 of the shares sold are not matched with shares in the holding. They are identified with the 500 shares bought on 11 September 2019.

The gain or loss on those shares is calculated as follows:
Amount
Disposal proceeds (apportioned 500 ÷ 4,000 × £6,000) £750
Allowable cost £850
Loss £100

https://www.gov.uk/government/publications/shares-and-capital-gains-tax-hs284-self-assessment-helpsheet/hs284-shares-and-capital-gains-tax-2020

No chance going for Tesco.
More likely take away market share or buy out Morrisons instead.

Tesco price trading range is currently 205-250 maybe £2.70 near term at a stretch. Who knows how high or how low?

Tesco SP (historic)
last over £4 May 2011
over £3 May 2014
low 142 in Jan 2016
struggled around £2 +/- 20p for several years

I am currently a holder.
in

Means little really as the price on Monday will be news driven, futures driven, sentiment drive, Asia markets driven.
Position settling, market trades after 4:30. Looks all very normal. The closing price normally settles around 4:50 or sooner.

Who knows, perhaps BP. will take a leave out of Shell's book. Shell cut dividend, trashed SP.
Reset at lower and then increased it by 4% 17.35 v 16.65 in February.
Genius.

BP. may do the same 5c over 4c? Here's hoping.

IIRC BP. make money over $33pb.

This link may help.
https://news.sky.com/story/bp-slumps-to-18bn-loss-as-it-counts-cost-of-pandemic-12206184

The write downs reflected "changes to the group's assumptions about oil and gas prices".
The concept of prudence would leave the write down as it is.
The share price is rising mainly as the oil price recovers and heads to $100. This goes straight to the bottom line. The more it stays at these level the more the price will consolidate. It may not last forever but will the recovery taking hold, more demand will underpin and the price may overshoot towards £5.
Watch Brent and WTI prices as the BP. is highly correlated.
provide buying opportunities and sharp rises provide average down opportunities. Heading towards £4 later in the year it seems unless oil price collapses when Opec increase demand or the recovery stalls.
Sweetspot at the moment.

DYOR GLA

https://news.sky.com/story/bp-slumps-to-18bn-loss-as-it-counts-cost-of-pandemic-12206184

I was a SAGA holder (tempted by the low price and t/o rumours), losing several £k on paper, despite buying at 19p, bought the rights averaged down, watched the price fall and then sold out on the rise once profitable. Made £5k in the end but should have been much more. I have missed many rises but at £4 the price is still only 26p in old money (1:15 iirc).
Reentered at 130 sold at 160, reentered at 150 sold at 260 reentered at 230 sold at 330 missed the last rise.
I travel with Titan - fabulous- door to door.

The rise from 265 to 400 is justified but exuberence for now and it will come back on sell off. I believe this is a £7.50 stock (equiv to the old 50p price) and intend to go back in at some point.

I let the price come to me generally. If it does not go towards 270 then I will pass and move elsewhere.

Not advice. I trade both.

IAG has gone up from sub 90p to 130-150 range and got stuck there before is popped up to 220 as a reopening play. I am always careful with buying at the short term top following fast money. My average is 25.99p with only 7 trades since last Oct. I trebled my holding at 143 in Jan (contra to my own advice) and reduced on the rise, hence the low average.

May wish I held the full holding but that is too risky for me. I will increase to buy to trade IAG at 170 or below (should it get there) but not chase the prices.

DYOR & GL.

https://www.neowin.net/news/vodafone-launches-unbreakable-pro-broadband-packages/

VODs time will come to, perhaps sooner than later with the Vantage Towers float in March. Unbreakable broadband launch.

Annoyingly I exited BT when it got to 133 but that's life. Will go back in at 120 to BT when it retraces as it will no doubt.

At some point most trades come good. Short term pain for gain.
Trust your gut instinct.
My TUI went from +£6k to a loss -£4k negative and back to £10k profit. My average is now sub £2 so I trade and add and average down when the opportunity presents. My aim is for a free core holding.

I was down almost £10k in my BP core shares when they hit sub 190.
Paid for so just a paper loss.
Thought about doubling / selling when it hit breakeven but had faith in my initial decision to buy.
Now 10k up by just waiting.
Looking for another heavy pop up to average down the BP. shares and rebuy on dips.

GL with your decisions.

Agreed - all rotation
Fast money went into the travel sector IAG SAGA EZJ TUI and others travel stocks.
The fast money is now in banks and oils / oil services.
Profits taken from miners tech retail telecoms.

We all know travel is improving, from near zero to who knows 40-50-60 % of pre covid levels. This will buoy sentiment in these stocks and provide another level for reentry.

I trimmed TUI at 464, IAG at 219, SAGA at 390 but intend to rebuy on further drops particularly towards 360-380 for TUI, 170 for IAG and 270 for SAGA. I may not get the opportunity and go in higher but the plan is to stick below my sale price.

DYOR & GLA

WG. > 280-320 is a great buy sell average down trading range and I add to position as often as I can, trimming on the pop ups which frequently occur with this undervalued recovery play.

Re the US takedown of the FTSE from 4pm to 4:30.

Happens on too many days before the post 4:30 turnaround in the US.
So often on a Friday. Usually I buy indiscrimate drops on my watchlist or rebuy part of my recently sold shares for the bounce on Mondays.
Works most times.

DYOR