Member Info for MrMath

Been working a treat for me.

This is most definitely a capital growth stock for me. Only been investing in AZN since 2019. It's my second largest stock and my capital is up 73% even after today's fall. Add in the dividends and it's done very well.

"It was 220p recently."

I'm still very happy with my significant top-ups at 209p and 214p towards the end of 2022 and will be even happier by the end of this year!

Hi lamald, what I've been doing for at least the last 10 years is using our full CGT allowance (so up to £24,600 per year when combined, though unfortunately set to nose dive) and in most years not even a penny over as I calculate exactly the number of shares I need to sell to not exceed the allowance. At the same time I look at the loser's and decided how much to sell and carry those losses forward. Sometimes I'll even buy back what I've sold after the appropriate 30 days. I don't let tax considerations prioritise investment considerations, because if you're paying tax then you're doing ok. This exercise has been good for chopping out the dead wood.

If we were loading our ISAs I would, no doubt, put the wrong shares in them and not be able to play with the losses. This would definitely have happened when I was caught out by Sirius Minerals (SXX).

The majority of our other income comes from a few private pensions, but mostly dividends - I'm definitely a dividend investor. The main reason I like LGEN is that it will rerate and I can see no good reasons as to why the SP is currently so low, other than past sentiment. In my opinion, once it starts to grow slowly, maybe over several months, the upward curve will accelerate to closer to £4 as some of the institutional investors gradually wake up. At that point I will likely sell some of my investment, but certainly not all.

Hi Trotsky, my figures are accurate, my OCD won't allow anything else. Income and tax are as stated and all well within the rules. There's no guesswork. Tax forms for 2022-23 submitted early morning on 6th April - that's the level of the OCD - oh dear!

I will admit that the recent tax changes are a good argument in favour of ISAs but there probably not enough for us to do better than we can outside of them at the moment. As always, will see how things go.

Back to LGEN: By making use of our combined CGT allowances over the last 10 years we have grown our portfolio considerably while at the same time building up losses to use on our LGEN investment when it inevitably rerates. So still won't be paying much tax!

"355 is nonsense. Just look at the 10yr chart. We were above 250 9 years ago."

No, business is way too solid for this low SP madness to continue much longer, especially with high inflation. There has never been a better time to get in. Generally agree about broker estimations not being useful, but in this case they have got the right idea only they've set the bar too low.

To low. An easy 389p by year end after adding inflation to the secure business and dividend arguments.

"MrMaths I think your decimal point must be in the wrong place."

The decimal point is definitely in the right place. Tax on dividends is only 8.75%, with allowances and splitting the income, as everything is in joint names, the total tax easily comes down to 4.2%. I would be more tempted by ISAs if they were allowed in joint names, but even then I would still hold a significant proportion of our investments outside of an ISA due to costs, investment limits which would mess with my strategy, and the fact that any capital losses are REALLY lost in an ISA. Works for me!

"ISA fees are capped at £45 a year?"

Didn't know they were capped at such a low level. Are you sure? (I have a friend who's with HL and likes to moan about their high charges). Don't want to put any details on a forum, but I too have professional accountancy qualifications. However, I am retired but my main line of work was mathematics.

"but over say 20-25 years you can shield well in excess of £1-£2m over those platforms if married."

There are always costs involved with ISAs like many like to ignore when doing their calculations. Currently, Hargreaves Lansdown has an annual account charge of 0.45% for a stocks and shares ISA. My wife and I hold our joint investments almost entirely outside of ISAs. For 2022/23 our combined income is well into six figures and we pay only 4.2% tax on that income - all within the rules. But had all our investments been "sheltered" in an ISA then the annual charges we would have to pay would be almost double the tax we pay!

Andy, 280 is pessimistic. You're going to miss out if you keep waiting for unrealistic lower prices.

I had some VOD shares at an average of 206p but cut my losses in April 2019 when I sold at 138p. I am still carrying that loss forward to use against the capital gain on some of my LGEN shares when they inevitably reach a more reasonable price. I would still keep most of my LGEN holding even at 320p.

HL slow to pay BP dividend today. Usually they are quicker off the mark and that's one of the reasons I use them. Still no sign of dividend.

Totally agree. That's why LGEN is my largest holding. There's no way we'll be at this ridiculously low SP in a year's time.

"A well managed global equity fund is the way to go and drawdown on capital as and when required. Far too much risk in individual shares."

Thankfully, I only have about 11% of my portfolio in funds as they are down about 3% at the moment, whereas I have about 75% of my portfolio in 12 individual shares, most of which are good dividend payers, and that capital is still up about 3% despite the recent falls. Add back the dividends, and I'm well up. Just need to pick solid companies such as LGEN and chill.

No, you bought ex-dividend, so without the right to upcoming dividend.

"Of course - if they suddenly shot up a pound I might need to re-evaluate"

I no longer trade this either, I just add on the dips. My holding is now quite substantial (for me) and my plan, should a sudden 40% plus increase occur is to sell maybe half and likely buy most back in a month's time to make use of all the losses I've carefully carried forward over the years. I really think a re-rate will happen at some point, could be 6 months, could be a year but I wouldn't want to be out of this share. Timing the market is not for me.

I will stick my neck out and say this will be at least 275p by close on Tuesday.

"this will go all the way down to at least 5200 level"
Sounds like your looking to buy in. Don't be too greedy, could be up tomorrow. Already a good bet at these levels.

"Have held this share now four years and never yet seen any meaningful gain in the share price so had enough now and selling just before results day. Can now get 4% at building society with no loss of capital."

Coincidentally, I starting buying LGEN four years ago too. My capital is only up just over 2% but I have been getting between 7 and 8% in dividends over those years, some of which I've reinvested here and some of which went into other shares (mostly mining) that have done very well. As you having noticed, this is one of the safest shares around, so why would anyone accept 4% in a building society when you can put it here? I go elsewhere for the potential larger gains.