Member Info for RussellSprout

You have to pay up 100% by Friday, and then close all positions by 29 march. I don't get that. What difference would it make to them, and the difference it makes to us is enormous - if we had say another month that would straddle two tax years, which would help for CGT. Could you mention that to your broker?

Tones

This is a lonely board.

I share your thoughts, built a decent position a few months back myself, but nothing seems to move this share except share buy backs. I will hold for some action in the future. I like the fact that the big players here elected not to wind up and pay-out a few months back, so they clearly see something going forward. And most of them coughed up £10+ per share at the outset.

Russell.

In your trading account, you must work out the gain or loss on each disposal. Then tot up your gains, tot up your losses and deduct one from t'other. Hopefully you have made a net gain. Deduct your annual allowance from this this, to get your chargeable gains. If you have any losses brought forward they can be deducted - but you must have notified HMRC of these - you have 4 years to do so.

The tax payable though is quite generous - 10% if basic rate taxpayer, or 20% if higher rate. Thats pretty good.

But the chancellor may change that in his budget next month. I have had a good year, like you, but mostly paper gains, and I will crystallise some of these gains over the next few weeks to get them on my tax return for 20/21 at these low rates, just in case he ups it next year. I can then buy back, or put into next years ISA.

Not offering advice, but worth considering.

Russell.

I have a decent holding in PRD as well, but also quite like the prospects of SAVE, and to a lesser extent PPC. Any of those could take off imminently IMO.

GLA. Russell.

I have to say that after watching the presentation last night, I thought we were in for a nice rise this morning. Therefore surprised to see Canada down.

I am fully loaded here, but if any drop I will take the opportunity to grab a few more. I liked the mention of the zone under Royston which I haven't seen mentioned before. I think PB is pretty excited by it as well.

Well played Danawinner - noticed that its not showing up on the trades.

I bow to your superior knowledge - these terms are often used interchangeably.

Gamflin - there was an RNS on that last week.

You made a statement, that companies sell for fair value, and then when on to contradict yourself, didn't you?

This stuff about margins?

I have just looked on IG at the Canadian prices for TXP and it says you can't buy on margin i.e. in a CFD account

Never seen that before - anyone got any clues about thi

Russell.

uh ??

Stop losses don't just apply to AIM.

They have their uses, but at a risk. I never use them, but if I was going to I would pay for a guaranteed stop loss.

Agree - a truly awesome read. On its own it could be massive, but also the article says if Casca Deep does come in as planned, then it could exist in other areas of the licence.

Just wen you think things can't get any better .............

It's great to read those stories, and see people enjoying life changing experiences.

And, although the rise has been great, we are really only just starting, in my opinion. The real money investors will arrive once we start producing from Casca and Chinook, and hopefully Royston. And even then we still have another 20 odd wells to go after.

This is the bulk of my pension pot. A couple of weeks ago, when they announced the Chinook result, my portfolio went up £30k in one day. Ok, it went back down £20k over the next week or so. But people said to me "I would have sold out and taken the profit". But it never entered my head. I am holding every single share, and in fact I added just below £1, as I believe it will be several multiples of where we are now. And for me, that is massively life changing.

Good luck to all LTH.

Russell.

You haven't been drinking have you Corpse?

Yes, I believe it is shared between the states of Qatar and Iran.

TXP gonna have to go a bit to beat that bugger.

..... or an announcement from the company, perhaps that they are going to start distribution of some of the cash/profits to shareholders.

Another point to note here is that there is a very small % of shares in public hands.

Good morning Nickel_Investor, no you are not talking to yourself. Appreciate your commentaries.

I have to admit I know nothing about the Aquis Exchange. I did note though, that after you stated that you can't buy a share that there was a 33k buy went through - you would have thought that would push up the sp.

Unbelievable value here IMO, and cant wait for one of these unvalued treasures to materialise, be it the set aside of legal action (provided for in the accounts), receipt of arbitration monies, or some event on our 10% investment to bring some value.

Gas is where the future is for the short to medium term, and we are very well placed.

DYOR.

Russell.

Hoper
If the board wanted to carry the holding at a particular value, they would have to have workings to justify their valuation, and be able to substantiate the valuation to the auditors - otherwise the auditors would simply qualify their report on the grounds that the valuation could not be substantiated. Therefore far easier to carry it at nil on the basis that we can't put a certain, accurate valuation on it.

However, you would think as a 10% holder they should be getting copies of annual accounts and be able to supply some information in the notes to the accounts, as to profits and assets of the company, without putting a value on them.

Russell.