Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Far too many weak hands today; they're provided a brilliant buying opportunity
Still lots to play for here, good luck all
CM will be retaining the MD position for 6 months.
Assay results are somewhat positive, I expected something a bit more substantial but they’re certainly positive.
If you’re a basic rate taxpayer, the rate you pay depends on the size of your gain, your taxable income and whether your gain is from residential property or other assets.
Work out how much taxable income you have - this is your income minus your Personal Allowance and any other Income Tax reliefs you’re entitled to.
Work out your total taxable gains.
Deduct your tax-free allowance from your total taxable gains.
Add this amount to your taxable income.
If this amount is within the basic Income Tax band you’ll pay 10% on your gains (or 18% on residential property). You’ll pay 20% (or 28% on residential property) on any amount above the basic tax rate.
Example:
Your taxable income (your income minus your Personal Allowance and any Income Tax reliefs) is £20,000 and your taxable gains are £12,600. Your gains are not from residential property.
First, deduct the Capital Gains tax-free allowance from your taxable gain. For the 2020 to 2021 tax year the allowance is £12,300, which leaves £300 to pay tax on.
Add this to your taxable income. Because the combined amount of £20,300 is less than £37,500 (the basic rate band for the 2020 to 2021 tax year), you pay Capital Gains Tax at 10%.
This means you’ll pay £30 in Capital Gains Tax.
Sorry i may not have made myself clear.
Your capital gains tax allowance also takes your wage into consideration.
So if you earn more than £12,500 from your day to day occupation, then you'll have to pay tax on any profits earned when selling an asset (with a couple of exceptions, such as selling your one and only home)
Hi Pironi,
You may find the following link helpful; You'll have to sign up to an account (which is free).
It lists the top 25 shareholders and also provides information on public companies, private companies and institutional holders.
https://simplywall.st/stocks/gb/software/lse-trd/triad-group-shares#ownership
Don't speak too soon, the trading day has only just begun
COBR currently showing +5% on Investing.com
Cornerstne FS are having their IPO on Tuesday 6th, which is the same day you'll be hoping to deposit into your ISA.
You have to ask yourself, how much will the Cornerstone FS affect Vela's share price on the day?
And, am i happy to pay a premium if the share price does rise?
If i was in your position i'd wait, as you'll pay 20% on any gains made on your Vela investment if it's not held in an ISA.
So providing that Vela doesn't rise by over 20% by then you should be better off.
Yep, seems like the MM's are collecting stock on the cheap while they can.
The only people who should be selling this stock right now are people who need the cash.
Why else would you sell at these levels? As any possible profits will only equate to 10% tops.
Been holding my shares for a good while now and will only be adding to them as time goes on.
Great buying pressure today continued on from last week.
I think April will be a very positive month for Vela with Cornerstone FS having their IPO on April 6th, and the SGS trial recruitment stage coming to an end. From memory, it'll be a maximum of 30 days for SGS to collate the data and make a decision on drug manufacturing possibilities.
GLA
Only 3 days left of this month (inc. today) RB, but i wouldn't rule an RNS out for this month.
We'll certainly have at least one update next month tho on any one of our investments.
We typically have two updates a month or so.
Lots in the pipeline this year for Vela. Best to be in early and wait patiently, as you never know what day the game-changing news will drop.
Good luck all.