Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Looking to sell £30k worth soon to transfer into two tax free accounts and I’m stuck for when to sell, I don’t mind selling early for the sipp as I know I will get the tax relief paid to me two months later so not fussed if I miss a rise but the &20k into my isa will sting a bit if I sell and it rises into the £14’s.
I'm expecting the share to drop more as that's what happens in todays market when people annouce trading udates. Maybe the announcement of a good dividend could pull this share around? If they annouce a minimum 60p dividend it means over the full year it would of cost them £255mln which is well within their profits with plenty left over for them to keep for some little share buy backs?
I was hoping it was active now as I was going to open one and put £5k in now before the new tax year.
Would of worked great for next year as I’m already topping up my sipp and isa limit so the extra isa would of been excellent.
The house sales are already picking up and all we need is lower interest rates and the housing market is off again. I have every confidence that when the sales start jumping up we will see £30 plus in the next five years but more than likely sooner.
Christofer, I have spent most of the money I had to invest here so my top ups now are merely £509 a month into a sipp but I really want to sell £30k to move into my isa and after the 6th April the capital gains tax is only £3k.
I have deliberately not traded this share in my share account as I have an average of £14.57 in that and any trading would of lowered my average making it harder to fill my isa up on April 6.
I a constantly going to buy in here when money goes into my sipp and I think we all know in 2 years time the price will be much higher and I’m happy with that time scale.
Since I plan to hold for a long time the price of the share at the moment isn’t that important to me.
It may be ok for you as you must have all your shares in an isa but I still have 4000 shares in my trading account which I would like to move into tax free accounts and the more this rises quickly the longer it’s going to take me to get them out.
I don’t want it rising too much before April 6th as I have £30k to sell out of my share account and move into a sipp/isa, or possibly more if they anounce an increase in personal yearly allowance for isas today..