"The only way to register your vote if your shares are held by Barclays is to phone them (0800 279 3667)- I stated that this was extraordinary as the future of the Company was at stake and registered an official complaint.....but that is their policy!"
Since their move to SmartInvestor Barclays have turned into the most amateur broker in existence. I believe there was a 3 year period of grace on the conversion before the introduction of a price increase which will particularly hit larger investors. Anyone still with Barclays should do themselves a favour and move now.
"But the shares I’m probably going to invest in have very quiet boards. But I might choose one that on a much lesser scale is a bit of a punt and fun to follow!"
Good to see you've not been put off shares, FRED. Your intended strategy is what I do, and probably similar to many people who make steady money on the markets although perhaps some don't include the 'fun share' - but I believe we all need a little bit of fun.
Being over cautious (the flip side to not investing in the markets) often leads to large losses over time due to inflation, but because such losses aren't so easy to see it's easy for many people to feel more comfortable with their 1.25% bond from the building society.
"Well next time I will sell at 5.53 and buy back at 5.50 - with my number of shares I can still sell a portion and make a couple of grand!"
You're forgetting the stamp duty, 5.50 x 1.005 = 5.275. So barely below 5.3 and when you add the dealing fees you can see that you will make next to nothing. You need more volatility to trade at the moment.
RE: Let's hope AAL completes the deal today17 Jan 2020 11:06
"This whole 'paper losses' thing gives people a false sense of security"
Agree with that 100% illbetabuck. It's the taxman's position; it should not be ours. What has happened here will help many discard the "it's not a loss until you sell" philosophy and hopefully turn them into better investors.
"Everyone who invests in these sort of companies a lot has a story of woe (I have a couple)"
You hear it often, but diversification is crucial. At one point, when I was seriously in profit with SXX it had grown to 40% of my portfolio. Should have done some serious re-balancing at the time but greed won the day. Anyway, shame the way things have turned out but not a real problem for me as the safe side of my portfolio tracks the FTSE 100 and 250 with good dividend stocks.
With a day high of 5.48p and a low of 5.36p the difference is just over 2.2% of the low. Let's assume one buys with perfect timing 200,000 shares at 5.36 with a dealing fee of £6, adding in stamp duty cost equals £10,779.60. Then we sell the lot, again with perfect timing at 5.48p, which after our £6 dealing fee nets £10,954. So a profit of £174.40 on £10,779.60, that's only just over 1.6%.
Looking at the intraday graph, it was not even possible to realistically use the same money more than once today.
There are far better shares to trade than SXX at the moment.
The slow drift down from the 'potential' offer price has begun.09 Jan 2020 13:18
Really feel for the LTHs (including myself!) but IMO if you have not got out yet (fortunately many have) then you will only get even less from your 'investment' by waiting. Very often the price seems to drift down from the offer price, and there isn't even a firm offer on the table yet!