Member Info for RussellSprout

Definitely a buy. I noticed this morning when bid 69 and ask 70, a number of trades going through as buys at 69.9, but they were actually sells, as I did a dummy sell and got 69.9. I thought then that a big trade would go through this aft, as someone mopping them up.

Someone likes us.

MMM

" .. if you can't stand looking at a red screen ......."

I would remind you of your post at 11.27 this morning !!!

I know it's a man thing !! I am the sort of guy who spends ages walking around the supermarket looking for an item, rather than asking the shop assistant.

I want to set up a share dealing account in the name of my limited company - there are reasons which I have already stated. I have personal share dealing accounts with III and IG, but couldn't find anything on there websites about company accounts - so assumed they didn't do them. Hence throwing the subject into the arena here.

After reading all sorts of comments about SIPPs, ISA's, lifetime allowances etc, but nothing about accounts for limited companies, I thought I will give III a call and see if they can tell me of any brokers that do them. It turns out they do them themselves, the guy pointed me to where the application form is, I then rang IG who also do them, and the guy emailed me the application form. HL also do them, but temporarily suspended new applications due to COVID, and I am awaiting a reply from Degiro, who I believe may do them.

There is a lesson there !

Russell.

I

Regret asking now, just thought maybe someone else had encountered this issue.

Gamflin - most self employed people operate via limited companies these days, lorry drivers, window cleaners the lot it's more tax efficient. Certainly doesn't mean I am a high flyer by any means.

At the moment I have some funds in the company. If I take it out I am taxed on it. Hence my desire to buy shares via the company, and hold them in the company. I know I could put the money into a sipp, but if things turn bad and I need some cash, I can't get at it if it's in a sipp.

Russell.

Thanks for the reply Milnrowmug. I am not even sure where I would find an actual broker these days, and would certainly be a lot more expensive.

someone mentioned putting it in a SIPP via the company, but I want to be able to get my hands on the money if I need to. Once its in a SIPP it stays there (for a while anyway).

Russell.

I am looking to invest some money in shares from my personal limited company, rather than have it sitting in a bank account doing nothing. I would like to have an online dealing account similar to what I do personally.

But none of the online brokers appear to deal with limited companies. Has anyone else encountered this?

I suppose I could go to a "traditional stockbroker", but I don't understand why none deal with limited companies.

Thanks.

Russell.

JKX looks very good, but it didn't go up at all yesterday, certainly not 10% !!

That was short lived.

Looks like I might get my wish !!

Thanks for the nod Danawinner !!

A quick bit of research, liked what I read, and bought in, and blue already. Hopefully won't go up too much more as I am going to do some more research tonight and top up again tomorrow.

Many thanks.

I have had one experience of a majority shareholder, I think 48%, in an AIM company with dual listing. Urals Energy (UEN) - admittedly trading in Russia, so should have known better. Looked good though, making money and paying a divi, so I bought a few. The majority shareholder/director starting giving out "loans" with the company funds to various people (perfectly legal in Russia) who in turn, were buying shares to take his majority over 50%. Other directors (UK) found out, started kicking off, next thing NOMAD resigned, and then company de-listed from AIM. Basically the majority shareholder got the rest of the company for nothing - and nothing we can do. Lesson learned - no majority shareholders and no Russian trading (or Kazak) for that matter.

The market cap is only £133m, not £214m.

I like the sound of the last reply, that there is an order being filled. Could be right, and they don't want to up the buy price for fear of attracting more buyers, anxious to get in before the rush.

Fingers crossed.

That I can buy at 57.225p and sell at 57.26p ? And I just bought a few so its real.

Not a lot of difference, I know but selling price is cheaper than buying price.

Bully - you really should be doing your own research - look at company presentations and watch some of the interviews given by Paul Baay.

There are many wild speculations about the size of the prize - I think the talk of 1tcf of gas of gas refers to Casca, Casca Deep and Chinook if these are successful. Then there is Royston to follow next year which Paul has big hopes for and about 28 other drill locations identified for further down the road, presumably smaller, but who knows?

The best research is your own research !!

Fantastic - can't wait !!

Happysparrow - you referred to Oil man Jim comments re paid rampers trying to get the sp up before a placing. I have seen his comments re PPC and paid rampers. I have no doubt that goes on with some companies.

However, if you think about it, I don't think he can be right. Who would pay the rampers? Presumably the company. And presumably, if its the company, it must be sanctioned by the directors?

But in this case, we all know the sp went up quickly to 2.5p, followed by a conversion of loans by PL and Trafigura, and book placing to shareholders. But why would PL (and Trafigura) do that - because the higher the sp the less shares they get, so they would be working against themselves.

Anyone got any comments?

Article barely scratched the surface. Whoever wrote that article clearly doesn't read the LSE boards. Pity they didn't ask us for some input.

Warren Buffett once said "the stock market is a place for transferring money from the impatient to the patient" - or something like that. Never a truer word!

We've talked about the big seller in the background before, North, but I am starting to think there may be a buyer in the background now, hoovering all the sells up. After all, a big rise yesterday on nothing, and today looking remarkably solid.

Any thoughts anyone?