Member Info for SW16

"Cannot believe the idiots who are selling." Rude. People buy shares for only one reason, but sell for many.

The Stockopedia article isn't a comment on today's results (it was written several weeks ago). I posted it as it is a view about what might happen here over coming weeks. I thought it was a useful "don't panic" for those who had been expecting a massive increase in the share price this morning. Alternatively, if you dropped by and were hping to double your money here bfore lunchtime, it might suggest you need to look elsewhere. https://www.stockopedia.com/articles/greatland-gold-hits-52w-high-ndash-but-will-it-continue-86298/

This might have been posted before, but this Stockopedia article on investors being slow to react to good news when a share is at or near a 52-week high is worth a read in GGP's current situation https://www.stockopedia.com/articles/greatland-gold-hits-52w-high-ndash-but-will-it-continue-86298/

That comment was a bit "Eats, shoots and leaves"

According to the HL website, they suspended their Bed and ISA/SIPP service in March. People wanting to do this would presumably be able to manually sell their holding, and then, once money is available in their account, transfer it to the ISA/SIPP https://www.hl.co.uk/features/coronavirus-information-and-updates

1gandhi. It may sound like rubbish, but I am afraid that it's not. It was widely reported last week - I probably first read it in the Telegraph.

The work was done by the Centre for Evidence-Based Medicine at Oxford University. They report it here https://www.cebm.net/covid-19/why-no-one-can-ever-recover-from-covid-19-in-england-a-statistical-anomaly/

@1gandhi The UK might have a higher death rate for Covid cases, but this cannot nrcessarily be compared with other countries:
1) Many people will have had Covid and not known abo0ut it. If the UK is testing fewer people, it will have identified fewer cases, hence the total number of deaths is not being compared with the totalnumber of Covid cases.
2) Once you have tested positive, Public Health England (PHE) does not take you off the list regardless of how long ago you recovered. This issue was picked up in the last week and means that if you died under a bus three months after you tested positive, you would still be counted as dying from Covid. Scotland does not count in this way, and this will explain at least part of the difference between English and Scottish death rates. Effectively, PHE is saying that no one who has tested positive for Covid in England ever recovers

@LongShotLuke SMT is an investment trust; investment trusts are traded as shares.
I prefer investment trusts over unit trusts as a structure in that when markets are falling and individuals are rushing to sell, unit trusts have to sell holdings in something to pay investors. In those same conditions, an investment trust doesn't have to do anything; the shares have been issued and trade in the market like any share in a single company. What this means is is that those who continue to hold an investment trust are not seeing their investment being impacted on by fleeing investors forcing the trust to sell what in the longer term could be a good holding.

Today, the UK government has relaxed planning controls on large-scale battery storage for use with wind and solar-power. Tesla will presumably benefit
https://www.gov.uk/government/news/battery-storage-boost-to-power-greener-electricity-grid

The continued rise in the share-price of Tesla perhaps makes more sense when you look beyond it being a car-maker.

An article in yesterday's Daily Telegraph said "Tesla has equipped a new energy storage plant in Dorset, capable of powering 17,000 homes, in the firm's first major foray into the British power industry. The car maker is supplying its Megapack high-capacity batteries, and Autobidder control software, to UK business Harmony Energy and Spanish company FRV for a site in Poole which will store electricity generated by wind farms and release it to the grid when needed". The article adds that Tesla had applied to OFGEM earlier this for an electricity generation licence.
In various comment pieces, SMT has put a lot of emphasis on the low-carbon future. Given Tesla's widder involvement, it seems reasonable to me that this should be one of SMT's major investments - 11.1% at the end of May, but possibly higher by now.
https://www.telegraph.co.uk/business/2020/07/06/giant-tesla-batteries-store-green-power-dorset/

As it is believed to be about pawning a coat (to raise money for some basic food and some alcohol), let's hope that it continues to be irrelevant to the financial state of GGP

When I flagged up the Rio destruction a while ago, somebody dismissed it with Yes, it's sad but what's it got to do with us?

I think GGP have been doing all the right things with the reps of the indigenous peoples, and long may that continue. But, yes, there is a risk that the poor behaviour of other companies makes life difficult for everyone

So LSE showing an 800%+ increase in the share price is meaningless. (In fact, it hides a drop today in the value of an investment in MTR. On a 1 for 10 consolidation, it needs a 900% increase to be flat)

I get the Telegraph, and I entered. It is restricted to FTSE 350, which wouldn't have been my choice. Though, as the competion runs until October, I think some of us, if we won, might be slightly disappointed if we found that at that point we could still buy 150,000 GGP shares.
Did anybody here enter the Stockopedia 2020 Stock Challenge? It's still running (but closed to new entrants). I've seen a few people with GGP in their fantasy portfolios. I'm currently at number 10 in the league table, with GGP my top performer

To me it looks as if SVE are playing about with the spread again. It's now a ridiculous 13.6%. I bought SVE last year as a way of having a second bite at GGP when SVE's holding in GGP was worth significantly more than SVE as a whole. But I have been selling down there and adding here when the spread narrows. I am not convinced that SVE is run entirely for shareholders' benefit

1) To preserve the ISA tax-free status, DON'T remove the money from ISA. You need to TRANSFER it to another ISA. (Not all ISAs accept transfers in.
2) If you transfer it to a flexible ISA, you should be able to withdraw and replace in the same tax year. (And, at any time after, transfer back to your shares ISA.
3) Not all ISAs claiming to be flexible are flexible in this sense. (Several times I have complained to HL about misleading use of the word)

Anybody would think that the board was normally only filled with quality information not previously published

In theory, it's not totally true to say that you can't put money back into an ISA. For several years the law has allowed you to put money back in the same tax year it was taken out, without it affecting your ISA allowance for that year. I have a cash ISA where I can do this. I have been pestering HL on this, to no effect. Does anyone know a share ISA provider who allows this ? If I want to get money out of my shares ISA, I could probably transfer to the cash ISA and withdraw it, and then reverse he process to put it back

As far as I can see, the only potential disadvantage to an ISA is if you make a loss in your ISA but make a profit greater than the CGT limit, you cannot use losses in the ISA to offset against the profit outside.
If that's not an issue, using an ISA means that there's little record-keeping to be done. Someone dealing frequently outside an ISA needs to keep detailed records of profit and loss etc

@MassiveRay Yes