Member Info for tedmak

Tom78, I 100% agree.
My issue is more that CGT is the bigger thing to worry about.

I am moving some of my holding from a trading account to an ISA.
I have sold some out today at 1360 and bought back in the ISA at 1293. (All perfectly legal tax avoidance).
This isn't about patting myself on the back. I have noticed some people talking about the witholding tax on the divi.
If you want to avoid that by selling out the day before it goes ex dividend, with the way the price flies about WITHIN-DAY, isn't that a bit like running into the M25 to pick up a £10 note.?(Other frustrating motorways are available).

Going forward, the way this thing flies about, the bigger thing to worry about is capital gains tax, not divi taxes.

I agree with this, Seav.

It is also the case - plenty of Shell shareholders are HAPPY with the E&P business and dont want to be in renewables.
And what value does Shell add to renewables that the like of Statkraft, SSE and Iberdrola dont already.

Very little

Too right it puts them in the right place.
They also self supply a significant part of the fuel requirements.
They are printing money at the moment.

I have bought back the volume I sold.
I thought there might be some sell off, but that is not happening.
And even if it does, the company is printing money at the moment.
And the volumes they have in stock have just surged in value this last week.
The underlying outlook for coal demand has changed. South Africa is a safe country to buy from. I left some cash on the table, but that is like complaining about water being splashed when you jump into a pool.
The only issue I have now is the world economy, as it is currently being battered.
But if that is the fear, there are other things to sell before Thungela.

I would say that the usefulness of posts declines with the volume of them. I bought in at 208p and sold some at 580.
I am hoping to buy back that volume as the company is great but i may be wrong and it goes to the moon.
Either way, is not a problem.
To be clear - I only sold some as the speed of the move was so high. In no way do I have an issue with the company.
The only issue I have is that emerging markets generally could be hit if there is a flight to safety on Russia.
I am nervous generally in the market but energy is the place to be at the moment.

Please explain how Ukraine helps CNA.
The supply business just buys gas and sells it to customers.

CT,
Are you really saying you know more than the captain of the ship who has just jumped overboard?
Also, the RNS that he hadn’t informed the company is to cover the backs of the other directors.
They want nothing to do with this governance debacle.
You have to ask the question about what he has seen to leave himself so exposed.
It is so blatant that the FCA has no option than to investigate.
I lost on a stock (Afren) years ago and have learned that the initial bad statement is rarely a one-off.
Also notice that the RNS mentioned an audit - so there is a possibility that prior year statement ss will be looked into.
Basically I see this as uninvestable.

The bigger issue with the coverage is who you are covering FOR?
A lot of funds don’t want to touch coal - why TGA fell into our hands in the first place.
In a way, suits the investor who wants to do their own homework. I have never had a stock like this - and if I hadn’t received my demerger stock, I wouldn’t have noticed it until it started turning up in the top performer charts. As it was, I got a decent stake in June after bothering to see what it was about.
If it had stayed in AAL, the sp of AAL would be 40p higher. Woopee!!!!

Genuine question. Is it actually possible to short this stock anywhere?
I have no interest in shorting, just trying to get an idea of whether there are shorters out there.
Looks like this is a combination of short covering and relief that they have confidence in the output going forward.

A great update and vindicates what a lot of us have been saying for months on this page.
My ONLY problem is why not release the update at 7am?
I hate updates DURING trading hours.
But we are where we are.

The API price curve for 2022 has risen $11 this week.
For 2023 it is up $5 this week.
The prompt month has surged $20 this week, which, considering there is a stockpile to be run down, can only be good.
Basically the share price this week has ranged 50p.
It is a great but at these levels and has trading opportunities.
I have built and maintained a decent holding in this and am trading around it.
There should be no need to tap the capital markets with the cash that has been built up on the balance sheet this year.

All good stuff, TD.
Whilst it is great news the coal units are running, it is going under the Rader that the spare (non CFD or ROC) unit is generating and capturing these day ahead prices.
Also, Cruachan, the pumped storage unit, is coining it in.
.
By my working out, we are getting the post 2027 business for free as 2022 and 2023 have a lot of sales locked in at these high prices.

FPN - Final Physical Notification - the amount they WILL generate in the relevent period.
MEL - Maximum export limit - The amount they CAN generate in the relevent period.

I need to check up on BOA.

You are missing the fact that The business is basically energy supply and home services.
That is a low-margin busines. Hinkley Point closes mid year meaning that three nuclear power stations will have closed in 12 months.
The US business has gone and the best bits of the E&P business have been sold.
So the question is - why get excited about an energy supplier and plumber?

That explains the markets response.

Please explain the connection to Drax?

Must say I agree not one jot with Plato's comments.
The wholesale prices have gone up and customer prices are just reflecting this.

I must say, though, that I struggle to see how Centrica's current 'strategy' is either helping or hindering future energy supply.
They are not investing in future capacity (the nuclear plants are closing).

One thing Plato's comment does bring to mind is that Rudd could help with lobbying the government. There will be a rush to find scapegoats for the energy bills crisis. (Politicians allowing the closure of the main gas storage site without greenlighting a replacement mustn't be mentioned, of course.)
So maybe Rudd will be useful in this regard.
I dont see it, however, as you would think the CEO and Chair of Centrica would be able to pick up the phone and speak to the highest levels of government.

Can someone tell me who they have confidence in on the board.
Sacked home secretaries. PLEASE!!!!

The cash is visible on the balance sheet - so there is no upside from that.
Down the line the supply business is stable, you are a bit optimistic waiting for improvement. We have been waiting for that for year.
I am a BG services customer. Never complained about them servicing my boiler, but there is no great growth/upside there.
If you want solar and batteries, there are other business with a lead on them in that area.

Hope is not a reason for improvement in the share price.

Just did some quick calculations.
Looking at the latest TTF prices for 2022, the remaining gas business will generate operating cash of £180M for next year.
After that, it looks like the business is in rapid decline, so this is as good as it gets from the upstream front.

I mentioned in an earlier post that the thing to watch now is the nuclear business. I was a bit surprised that the company didn't come out with an update on how that is performing. I suspect, with the operating 'performance' of EDF this year, the news is not good.

I struggle to see any further upside catalyst for the company.