Member Info for TerryM1

Good solid set of results and dividend declared of 0.897p which is PID.

Anyone who has made money trading CPI has done very well so hats off to Aim. I tried in the past and just lost money so gave it up, I find there are other shares which for me have been much better to trade. Lets hope more here make on this share and for others like me cut losses.

Jim800

Yep 4 times in a row BBs stopped at exactly £14.00 to the cent and nothing since as SP has been above $14.

However Tvh has been educating me (his words) this is not the case as it is on an “average share price over x days?” and "A price limit for repurchasing shares will have been agreed (e.g. 105% of the average market price)". The issue is his great education has not been able to explain with figures or maths how this works out to equal $14.00 4 times in a row, in fact he has decided not to explain anything any more when confronted with the facts. But to use his words if we believe different to him that there is a direct buying direction from DEC then it is "nonsensical conspiracy".

All O&G up today.

I also sold out all my short term trading shares yesterday, did not get the latest rise but did get a reasonable profit. Would like to have held longer but like you not too keen to hold these for very long in case Rusty come up with another cunning plan.

Stamp duty is one of the main factors causing the decline of the LSE for a time now, this was mention in the FT again today.

InTooDeep999

There has been no stamp duty on DEC shares since the duel listing for any broker I use, you will find other shares with more than 1 listing without stamp duty, e.g.. GLEN, BHP.

Macy

"Just do the opposite to savage and you should be ok"

I have been say this for a time, you can add BT and PNN to your list that he got wrong.

InTooDeep999

First I should say that the chances of an investment platform going bust and investors losing money is very small but it is possible and has happened in the past.

Let’s look at would could happen.

Platform 121 has discovered a fraud and is very concerned and looking at the figures it is marginal whether they can survive and is just on the side of bankruptcy. What do they do, if they release this information they are finished so 2 choices, go bankrupt or tough it out. If they go bankrupt let say administers fee is not covered but as they have large amounts invested with them and there is only 10% required from investors, so investors get £85,000 + 90% of their funds over £85,000, not good but not life changing. In the real world they will probably try to tough it out at the very least BOD get salaries for longer. This news will most likely leak out and those in the know will exit the platform with 100% of their funds, the word spreads and it gets noticed, then more exit as no smoke without fire kicks in and then a panic. That fine if you get out but you could be pot holing, holiday to Timbuktu, medical emergency etc. You miss out and now in administration, 80% of the funds have gone so instead of the 10% loss on funds over £85,000 you are now get 40%. Not saying this will happen but one way too look at it.

Another scenario is a melt down of the markets as investors pull out costs could overwhelm profits and which platforms have a good buffer.

You also need to see where your funds are, if trading account then to get out in time not too much of a problem as you can buy the same assets with another platform and if within 30 days so no CGT issues. If ISA you could liquidate and lose the tax relief on the funds or try to transfer but will probably not be enough time. If SIPP depending on your age if you take funds out and tax to pay as again probably not be enough time to transfer.

Although government may well step in I don't think there will be much appetite to protect investors with large sums, i.e. over £85,000.

This for me makes it worth the time to check out who owns these platforms which should not only add extra security but all due diligence.

Should have added I believe IG also have multi currency and when I check in the past were 0.5% conversion fee but don't know too much about them as I have not got an account there. Also II honour W-8BEN so no tax on US dividends in my SIPP.

Yes, I have Cameco and AGNC and trade a lot in $s. I use II as they are multi currency so just keep cash in $ and dealing costs are the $ equivalent of £3.99, I think you get 2% interest rate and if large amount of spare $s I will add to AGNC (15% yield now) or SMTC (money market fund) which pay less but less risk. The catch is II charge 1.5% to convert to and from $s but all my $s have come from companies that pay dividends in $s, these are DEC, Glencore, ENOG even though these are traded in £ and also Cameco and AGNC which trade in $.

Savage_KeyboardR

"CPI is a cesspit..."

Then short it, put your money where you mouth is, publish the short on here and we can see how clever you are.

If a broker goes bankrupt it is complicated but your shares are at risk and it is not necessarily the case if 212 went bankrupt shares held are not lost. It depends on the administrator's cost and having sufficient funds to cover these.

See

What to do when your broker goes bust

https://www.investorschronicle.co.uk/content/e0da9a63-1e77-5ce5-8747-93325d72a40e

“However, there is a wrinkle in the system. Mr Cox says: “If the administrator can’t recover fees from company assets, it’s legally allowed to do so from client assets instead.” In theory, the administrators can use client assets to pay their fees. Administration is a costly process with each stage of the process needing to be approved by the courts. Previous broker administrations have seen bills run into tens of millions, which can come out of investors' pension pots.”

As far as I can understand on bankruptcy if there is not sufficient funds to cover the administrators costs all the assets are pooled and then administrators costs are taken from this pool. Let’s say uncovered administrators costs are half the value of the pooled assets then you will get 50% back of you holdings value with the exception of the first £85,000 which is guaranteed. So if you have £585,000 with a broker you get back £85,000 + 50% of £500,000, i.e. £325,000.

Also see

https://www.youtube.com/watch?v=_wa_YHGD_eE

As can be seen from all the info on this the risks are very low but large brokers especially ones owned by larger corporations are the lowest risk, i.e. IWEB owned by Lloyds, II owned by Aberdeen etc.

You also need to check if the company is authorised by the FCA and the services they provide are regulated.

Broomtree

Mostly, I have a number of accounts which I am using, 3 accounts with II, a SIPP and 2 company accounts, in the company accounts I get some free trades but none in the SIPP, the trades are £3.99 each, however most of my trades are in the SIPP which has very low monthly charge but the company accounts have high monthly charge.

Sometimes I break the trade up when if the spread is less for for small trades when it more than covers the trading coat and also can get round PTM levy.

I also have HL and IWEB, HL are too expensive to trade as £11.99 but good to hold DEC as they honour the W-8BEN and IWEB which is £5 but don't hold in IWEB as they do not they honour the W-8BEN. You could buy in IWEB and if decide to hold transfer at no cost to HL. Today my partner had some spare cash in here IWEB ISA so traded in there today for her, she is very pleased with the result.

I have looked at IG as you can get a lot of free trades but they can't hold my company accounts and with II I get the dividends in $ which I use mostly to trade Uranium stocks or park in AGNC for 17% yield, 15% now as i5t has gone up since I last bought.

I don't like trading apps like 212 and these I believe have higher spreads (may be proved wrong) and more chance of going bankrupt, depending on how much you have (£85,000 is protected) you can loses a proportion of your investments.

"Just trying to educate you on the mechanics of how share buy backs work"

Gee Thanks, I guess I must need this as I have only been working in the Financial world half of my life including the Stock Exchange and Investment Banks and investing in shares for over 40 years.

Since you are so educated please tell the uneducated like myself why the last 3 BBs stopped at exactly $14.00 (highest priced paid), not even one cent off, since you are so clever please explain the chances of this happening when you say "Peel Hunt will only buy shares up to a price that equates to the average of the last x days". Therefore according to you the last x days the average must be exactly $14.00 for 3 days in a row.

The difference between me and you is you live in a theoretical world and I live in the real world.

Tvh123

"The buy back is being run by Peel Hunt, completely independently of DEC"

In theory yes, but who pays Peel Hunt, I sure there is no paper trail but not sure I believe it, he who pays the piper calls the tune, seen far too many coincidences over the years with SPs and share trades etc to be just random.

"it's not some nonsensical conspiracy to prop up the stock price"

Perhaps not but happened 3 times in a row at $14 and the same pattern at $13, random or planned. Anyway I have made money out of this nonsensical conspiracy and that's good enough for me.

Jim800

Got lucky today traded out at £10.39 just before LSE close, missed the high but got to be very lucky to hit the high or low point, a bit more profit to set off against the DEC loses.

Now of course going up in NY but happy I got out as I did not want to hold this trading position over the weekend.

Jim800

Thanks, think we all need some luck, anyway off to a good start in US.

JIM800

I am buying in if SP significantly below the $14 in £s, also trying to get the lows, as I was away from PC etc I put a limit order in of £10.18 (based on yesterdays price going a little below this) which got filled. Also traded out of the small amount I bought yesterday at £10.20 for £10.29 (dipping my toe in the water again) just before UK market closed.

If BBs kick in before UK market closes or SP goes up on it's own will get out before UK close, if not will wait for Monday morning, of course may be no BBs and SP goes down but well in profit with recent trades so at worst just losing profit (unless I hold and SP rises which I probably would do) which would not have been there without trading,

I see the filter one has been at it again for the last few days but the filtered empty boxes , it's great, the sound of silence.

The way the BBs are running it looks as though they are there to primarily support the SP (which is not not allowed but no one cares), after SP broke through $13 BBs stopped and then restart after SP broke through $14 and when it went below $14 3 times and stopped at $14 all 3. So it looks like main reason for as BBs is not to add value to DEC as a company but to support/push SP up, if not would have been buying while in the $13s.

For me this means there is a potential opportunity for trading, tried this with success yesterday but with only a small amount as need more evidence before I commit all my trading cash but of course with the danger BBs could just stop at any time.

Yesterdays BBs, 31,898 shares, Lowest Price $13.855, Highest Price $14.00, Average Price $13.9421

More evidence 14 is the new 13 especially given Highest Price was $14.00.