Member Info for Paul2566

Rick
Thanks for the reply.
I have used the BED&BREAKFAST (ISA) the last 3 years, but never to crystalise a CGT loss, but it looks like if I wait until the next trading day it could work.
I may just take the CGT loss on DLG and invest elsewhere, I must admit to having lost faith in the management team of DLG, after all I very much doubt it was the sole error of just one person. I really did like those dividends over the past few years, shame.
I'll see what the results look like later this month and will make my final decision post April 6th.

Good morning

As I suspect with many here I am under with DLG, and with the new tax year approaching fast I'm looking to see which stocks I should move from my share dealing account into my ISA.

My question is this;
Can I sell a stock in my dealing account at a loss, claim the CGT loss, buy it back within my ISA, and use the loss on that stock to offset CGT in the dealing account. I cannot see any reason why not, yet there is something in my memory that suggests there may be a catch.

Any help would be greatly appreciated.

Kind regards

Evanescent
I agree that a reduction in HLN debt would be a good move for longer term rewards, and as such I would like to see it reduced over the next few years, even at the expense of higher dividends.

Dividend announced doesn't ammount to a full year dividend. It is a dividend for about 8.5 months.
The full year dividend for year ending April 2024 is likely to be somewhere above 1%. Its hardly fantastic, but given the 2022 we have had, and being early days for HLN, I think the future will see some increase in the dividend, and an increase in capital via a SP increase.
If an investor is holding short term, It's probably the wrong stock to have, but give it 5+ years and it's likely to be a reliable part of a diversified portfolio. I don't think it will ever be a big dividend payer, but IMHO it's likely to be a reliable payer somewhere above 4%.
If an investor wants big dividends, commodity producers are a good place to look, but they are cyclical and big dividends tend not to be consistent long term. Personally I hold a mix of both and across my portfolio it tends to even out nicely.
I will probably add more HLN as funds permit as pharma stocks are a little lite in my current holdings.

Regarding the effect of an ex-dividend date yes, regarding frequency of divivends, and time between declaration and ex-dividend date no.

Sorry but not quite right, the ex-dividend date is the day that shares are bought without entitlement to the dividend, if an investor sells shares before trading ceases on the ex-dividend date, they will still be entitled to the dividend, the buyer won't. Technically the critical date is the record date, however in reality this can be ignored and I just use the ex-dividend date.
I remember it as the day a buyer dosen't get a dividend, it dosen't effect the seller.

I said I wouldn't add more, but I lied.
Now holding 8082604 shares.
I am definately done now.

It would be nice to know where they are going with this.
Its great to find assets, but what do they intend to do with them and in what sort of timeframe.

BHL is geographically well placed and at this early stage is showing the signs of being an important resource.
I think that over the next 8 to 10 years to production there is little doubt further funds will be required to be raised to continue the exploration. Then towards the end of that period substantial funds will need to be raised to enable construction of extraction facilities.
What are investors views of how those funds will be raised.

Jonesy64
Hi, my comment to Blonde-ad was a litte tongue in cheek, and I am hoping for 2025, but with a little slippage 4 years could be the case.
Regarding ZNWD, it may well turn out you made the right decision, I'm just waiting a bit longer to get a better indication of what may happen in the next few years, tbh I don't think much will happen for a couple of years but I'm trying to look beyond that horizon.
As you will know I am already in EMH, but yet to commit any substantial money, holding only a little over £2k of stock, while I monitor it.
I'm watching SAV but have similar concerns to yourself.
The other two lithium stocks I hold might actually be about to produce in the next 12 to 18 months, but they are not there yet, and as the saying goes 'there's many a slip twixt cup and lip'

Blonde-ad
'after 6 six years of not a lot of progress, patience is starting to wear a little thin. I wonder how much longer is reasonable to give this.. another 6?!'

About another 4 years, nearly there ;)
From discovery to production on average is 10 to 16 years, given the demand/need I'm betting on around 10 years max.

At last.
Thankyou.

Chunky buys ?????

johnpwh
I've been dabbling in the markets for around 30 years, and every now and then I get swept up in the latest thing I don't want to miss out on. I should know better by now and agree if something looks too good to be true it probably is, at least these days I only invest a few £k to take a small interest while I work out exactly is going on. Its just enought to make me do the work, but not so much that it hurts if it goes wrong.
I tend to stick with what I know, the only exception being junior lithium plays. I may be going through another too good to miss phase, but I don't think so. I think it's more a case of picking the right ones, and therin lies the problem.
Every now and then the market does appease me with a surprise, I've actually bagged on BP.. If you had asked me 2 years ago if I was likely to bag on a large mature oiler, I'd have said 'not a chance, I'm just here for the divi and exposure to the sector'.
I like utilities, insurance (hasn't gone quite as expected), big diverse miners, green energy, a little pharma, an oiler, a REIT, a fund, and to my surprise a preference share that is an area I have previously overlooked.
I'm a rubbish trader, but a moderately successful investor, due in no small part to luck I suspect.
As I suspect with many long term investors I've made some howlers, that has at last tempered my previous enthusiasm with a sensible dose of caution.

johnpwh
Morning.
I am uncertain tbh, lithium explorers/producers are I feel very much a lottery at the moment, they all have strengths and weaknesses. Some will do very well indeed, I'd go as far as to say once in a lifetime opportunities, and many will fail or be absorbed by other entities.
I want to like SAV a lot, mainland europe, reasonable road and rail links to the rest of europe, developed country. I would be happier if I could see evidence that the mineral could be refined locally to enable transport to be more economical. But the biggest thing that puts me off at the moment is that the mining activity will be in an area designated as a cultural heritage farming site which is encountering local resistance. The community affected is primarily involved in farming, with skills not easily transferable to mining, so any jobs created will be of no benefit to them. I will wait until I have a clearer picture how this will play out before investing, but I'm going to keep it firmly on my watch list.
I'm already lightly invested in EMH to the tune of £2k, and I think they will produce, so just waiting to see a clearer picture of when that is likely to happen.
I already have a couple of lithium plays that I think will make a reasonable profit over the next 18 months. The plan is to re-visit those investment with a view to continue to hold long term or take some profit to open a position in SAV or perhaps increase my holding in ZNWD depending on where they are at that time.
So to answer your question, between SAV and EMH, I've backed EMH, although far from confident that it's a sure thing.

johnpwh
I cannot argue against your views, some I share some I'm just unsure about and you may be correct.
I hold a small amount of EMH also, and like ZNWD just waiting to decide to increase my holding or close it. It's primarily the geographical location that keeps me in both stocks at the moment.
I also have SAV on my watch list but have yet to invest, again I like the geographical location, and the resource, but not so keen on the local community opposition.
CTL is another on my watch list, but I'm only willing to invest so much in one sector, and at the moment my lithium commitment is about right without disposing of some lithium stock and moving money around, so for me its just a watch and wait game for now.
Besides I only have one REIT stock and would like one more. If only my funds were unlimited........................

I have quoted your comment in another board and mentioned you were the originator, I hope you do not take offence.
The comment struck a chord and amused me.

'When you’re going to the moon you don't get on the fastest rocket, you get on the safest one ; )'

I read a comment on another board which while I hate the term 'to the moon', the sentiment rang true and it amused me.
As I'm stealiing his/her statement I will add the poster goes by the identity of 'mercedesman' and hope they are not offended by my quoting them below.

"When you’re going to the moon you don't get on the fastest rocket, you get on the safest one ; )"

johnpwh
I don't disagree with your points, but I am a little unsure regarding the window of opportunity regarding lithium prices.
My simplistic view from what I have seen is this;
Where there is a demand for a resource which cannot be met, the price tends to rise. This continues over time until a tipping point is reached where the products that require the resource become undesireable or simply unafordable, demand falls and the price of the rssource drops. The cycle then begins again as the end products become either affordable or desireable again. I think this is what may happen with lithium over the next 20 years. I appreciate this is an over simplistic explanation but as an overview in my personal opinion, I think its likely.
Generally from discovering a mineral resource to first production takes around 10 to 16 years, and although currently there are many explorers some way along that 10 to 16 year path, many will be found to be economically un-viable, or will fail to get a mining licence for various reasons despite having an exploration licence. So while I agree that lithium is not a rare resource, there is a considerable lag between discovery and production, and not all lithium can be mined.
I have read on several forums where people suggest that any lithium mine not producing within the next 5 years will miss out on the huge profits to be made from elevated prices. This is IMHO unlikely to be the case. Lithium in my view is going to be similar to the oil industry of the early 1900's, but with a steeper demand curve.
I do see another time related risk however. When a resource simply cannot meet demand or as a result commands highly elevated prices for a critical end product, alternatives are often found. At present I am unaware of an alternative to lithium that will meet the requirements of all applications. Static battery storeage is less of a problem and I think there could be viable alternatives where weight and size are not critical.
Recycling of lithium batteries will reduce pressure on mineral production, but with EV's there are some 10 year old EV's with origional batteries in use. So I don't think recycling will have a great impact on demand for the next 10 to 20 years.
If we accept that the EV is the future, I think the window of opportunity for lithium miners is considerable.
Unfortunately I am still unsure that ZNWD will be part of that 'oil' boom, but I do think their resource will be.
For me, like you I will watch, wait and make profits elsewhere in the meantime. But I hope in the future that my caution costs me more to add to my holding.

That when I invested in a mature company like BP. it would become a bagger, but its very nearly there for me, and if I include dividends, it passed bagger status a little while ago. If only I was always so lucky.