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...for all the birthday wishes to each and every one of my fellow investors. Yes, folks, despite the slurs, I am holding tight and this RNS tightens my grip just a little more. After a prolonged, thick fog, the road ahead is clear and, BA implies, licences are considered as good as given. He has never sounded more upbeat, while MMs in the market have had to increase their bids. No damaging spikes, so next week can easily see bids starting with the figure 2... silly how cheap this still is.
No losses claimable outside a tax wrapper, so very glad everything is protected now. This could be very rewarding. Best of luck to everyone, even the conspiracy theorists.
Ned, the message is clear enough. 'Demise' is however overstated. People just have to accept, as I know you do, that this market is run for the benefit of short-term participants, such as MMs. It wouldn't exist at all if everyone just bought and held. Trading is the blood which flows through the market's veins. But if you choose just to hold, thats just fine.
HMRC also says: ''You must keep your records for at least 5 years after the 31 January submission deadline of the relevant tax year.'' Once again, Limitation Act does not apply. But if HMRC inquires into matters many more years ago, losses or expenses can still be claimed if records exist.
https://www.gov.uk/self-employed-records/how-long-to-keep-your-records
I keep mine indefinitely, but that's a hoarding issue!
GFD, Ned is correct. Govt says ''You do not have to report losses straight away - you can claim up to 4 years after the end of the tax year that you disposed of the asset.'' Limitation Act does not apply here. Of course, the losses themselves, once reported, can be carried indefinitely for use against future capital gains.
https://www.gov.uk/capital-gains-tax/losses
Thanks, I3LiP. The other thing to say is that the sooner you crystallise your loss in the trading account the better. These losses can then be carried forward to offset against any future tax bills. It follows that the best moment to sell out of a trading account is when these losses are greatest... such as when the sp was at .13.
Donny, the initial reason for doing this switch was that there was a spike into which I could sell. I had then intended to buy back when the proceeds cleared on Wednesday but that was a mistake in yesterday's bullish market, I acknowledge, as the strength persisted.
The strength prompted me to phone the broker and discuss it - see if I could use the funds there and then. It was worth the inquiry as they said yes, they could buy for the ISA; and, looking at a very fleeting ask at .1680, I told them to do it immediately. Web rate was charged and I dealt. That was luck plus some resolve - which I don't claim to have a lot of. LOL. Obviously I incurred a selling fee and a buying fee - total £20 - and ended up with that small £88 profit. Bigger picture, I simply couldn't wait two days as originally intended and that decision has proved a good one. GFD, you argued correctly for that approach.
In principle, a B&B ISA switch costs £30, I was told. There also has to be a small spread. That's probably the safest way to do it. Phone the broker and get a quote for the deal if you are thinking about doing it but best not delay as I don't see the point in having this - or anything else - in a trading account anymore. It's reportable whereas ISA dealings are not. What I had was a legacy holding and I had been waiting for a spike for some time in order to get rid of it. But I couldn't justifying waiting for two days to complete the switch. Hope this helps.
All good wishes, kezzd. Mine is on Friday. That's profit-taking day - boo, hiss! - but the renewed force here might temper the sellers. Spread now 18-19 and offer at 1898.
The market moved yesterday and the volume validated the move. Early signs show follow-through this morning. After yesterday's volatility, as people took positions and adjusted their holdings, I expect further strength amid less volatility, punctuated of course by tactical moves by sellers.
We should be used to this by now and LTI can rest assured that the fundamentals, with BA at the helm, will prevail as it appears to be a genuine project, to put it mildly, led by industry experts, not financial spivs. I have often been annoyed by BA's management failings but in his defence he isn't a manager.
I'm not taking any moral position on these trading tactics. Yes, I have oftentimes moaned about shorting but the Treasury supports it - I have a letter to that effect from Andrea Leadsom, former banker, when she was there - and we had better get used to this casino that the market has become. PIs are overwhelmingly long but against that there is constant tactical selling on AIM, resulting in typical, long periods of drift. I'm unfazed... that's how a market works, I have come to accept. It doesn't negate the fundamentals.
Gentlemen, I think it suffices to say I sold at the best bid for the day (.1715) yesterday and I transferred to the ISA at a lower purchase price - almost the lowest for the day, at .1680, generating a profit by so doing. That's me done now, all in the ISA/SIPP. I did transfer at a 'low' price, as the textbook dictates. Not the 52-week low, but low enough.
GFD, you seem to have a problem with people who are '...concerned only for their own personal fortunes'. FFS what are you doing this for? Oh sorry, you're here to save the planet... I forgot.
I am not discussing my sales/purchases any further as it can descend to juvenility, as it did yesterday. You have the temerity to question what I am doing as if you're some sort of oracle... that's the behaviour of an interfering fishwife! It's a market... leave these people who 'trade' the stock to do what they think is best, ffs, and stop seeking scapegoats. They are not to blame for an apparent credibility gap here. Your sticky approach is not in question but neither is it morally superior. I too have been here for ages but I don't claim any virtue for that.
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2) Overseas: India, Demand in overseas regions such as Japan is good, driving prices of overseas products. Since PERC technology only needs to install two sets of equipment on the original production line: back passivation technology and laser grooving equipment, the current battery manufacturers are all performing PERC upgrades. For the PERC technology, we believe that it will be more conducive to the efficiency of the single crystal technology route. In this context, the trend of optimistic monocrystalline substitution of polycrystals will continue further. It is recommended to pay attention to Longji shares.
Market Review: This week's electrical equipment (Shenwan) index closed at 3,501.90 points, down 45.63 points this week, down 1.29%, and the performance in the Shenwan index was in the middle. The Shanghai Composite Index closed at 2,493.90 points, down 22.35 points, or 0.89%. The Shenzhen Composite Index closed at 7,239.79 points, down 97.81 points, or 1.33%, and the GEM index closed at 1,250.53 points, down 19.78 points, or 1.56 points. %. The performance of the sector is better (33.1%), Moen Electric (22.56%), Tongguang Cable (22.19%), Jinggong Technology (14.23%), Tongda (11.88%); poor performance For Changyuan Group (-22.20%), Xingyuan Material (-14.52%), Central Equipment (-11.79%), Guangyi Technology (-10.80%),
''''Someone in the know is buying quietly here''''
And some are making a song and dance about it, SorB. LOL
Google translation is as follows:
Core view this week
New energy vehicles: On December 24 , the Ministry of Finance announced that since January 1, 2019, the import and export tariffs on some commodities will be adjusted. One of the messages is to cancel the provisional tax rate for the import of lithium-ion battery cells for new energy vehicles and resume the implementation of the MFN tariff rate. Just as the new energy auto stocks are more open than the opening, the international electric vehicle leader Tesla has accelerated the pace of establishing a factory in Shanghai. This time, the lithium battery unit import tax will be abolished, and the price competition between domestic products and international imported products will be increased. New energy vehicle subsidies are gradually declining, and domestic product price pressures will further increase. However, we believe that: 1) This process will also help domestic enterprises to accelerate the process of reducing costs and increasing efficiency, achieving the goal of domestic power battery is large and strong; 2) the battery and material chain reshuffle process will continue to accelerate in 2019, the market The concentration is increasing and the leading effect is more obvious. In the medium term: 1) Lithium battery has entered the era of global competition, and the leading CATL share is expected to continue to expand. Domestic high-end lithium battery companies such as Fueng Technology and Yiwei Lithium are expected to stand out; 2) Midstream to complete inventory, mid-stream upstream The profit-making of resources will make up for the decline in the profit of the industrial chain brought about by the subsidy. We recommend: 1) Enter the leading supply chain of the mainstream supply chain: recommend to pay attention to Ningde era, Enjie shares (wet method diaphragm), ??? (negative material), Shanshan shares (positive and negative materials); 2) the future Lithium battery wins with economy and high energy density. It is recommended to pay attention to Dangsheng Technology (high-nickel ternary positive electrode) and Xinlun technology (soft-package battery aluminum-plastic film).
Photovoltaic: In the last week of the year, the price of the battery was fully increased, and the rest of the market remained stable. The price increase of the battery comes from two reasons: 1) Domestic: SE-PERC battery demand is strong, driving the price of high-efficiency single crystal battery to rise, superimposed the tide of stocking before the Lunar calendar to pull the price of single polycrystalline battery;
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hornedrum, there may be some narcissism there... we all have our peccadilloes. I won't make a judgment - just as I have no wish to be judged by almost complete strangers... it isn't appropriate. The d*ck-swinging is fairly obvious however, as he avowedly wants to have as many shares as Nedhammers. Who really gives a t*ss? Really...
Finally, I am not used to having my ethics impugned by a near-stranger. BBs frequently accuse individuals of trying to influence the share price. If that's what he's doing, I am frankly shocked at the stupidity of the idea. I can influence nothing.
'''Peeps reading your posts and doing the sums for themselves can make their own judgement about what you're up to...'''
GFD, that's disgraceful. Just answer the question,. What spin are you on about and what am I up to? Make it clear, GFD.
Oh, and enough of the 'beer money' stuff. If you don't like traders, that fine. I am not one, just for the avoidance of doubt. So you can go and big yourself up somewhere else with your 'average'.
If you are insinuating that I am here to influence the stock price for my own purposes, you are utterly deluded. I think you are questioning my good faith. As I said, what anyone else does is not your concern. You have no evidence for these insinuations.
I really am on the point of filtering you now. Really surprised at this behaviour.