Member Info for Toffers

The dominant party to whom the rns favours so to speak usually releases an rns first on their own exchange, followed by the other party on their own exchange when it opens

Blubay, give your head a wobble please.

"Expectations of a hike in CGT were well trailed ahead of the Budget and so today’s confirmation that the main rate of CGT will rise from 20% to 24% for higher and additional rate taxpayers, and from 10% to 18% for basic rate taxpayers are hardly a jack-in-the-box surprise.

What is a surprise, is that the new rates apply from today. A mid-year tax rise is highly unusual and while there is precedent from former Tory Chancellor George Osborne’s June 2010 Budget, this saw the increases applied from midnight rather than the day itself. This means that anyone who sold shares this morning, hoping to avoid a hike, will probably be hit by the higher rates.

If there is a relative silver lining in today’s CGT rise, it is that the worst-case scenario, of aligning CGT rates with those for Income tax which some had called for, has thankfully not come to fruition and the increase is at the lower end of expectations for higher rate taxpayers – though more dramatic for those on the basic rate of tax. A more punitive level of CGT would have undermined the Government’s rhetoric about being pro-investment.

Nevertheless, higher CGT rates combined with the steep cuts to the annual exemptions in recent years together make for a less investment friendly tax-environment and should focus minds firstly on the importance of utilizing tax wrappers like ISAs and pensions, which protect investments from tax on both capital gains and dividends, and secondly on the use of annual tax-exempt allowances. This is especially important if you are married or in a civil partnership and can take advantage of both sets of allowances, and transfer savings and investments so they do not attract unnecessary tax liabilities."

source: londonlovesbusiness

Too true MCNol, they're preying on the youngsters, forget the rest of us. Look at the photo of them on the sky news website, what an absolutely bl++dy shower.

Can't get any more in it Chesh, they should raise the ISA allowance and encourage more investment!

They knackered us on CGT though, why raise it far more for the stereotype middle earner/saver, and not so much for those whose pockets are absolutely bulging including Starmer? so cgt lower rate increases from 10% to 18%, that's 8% up, yet the higher rate for those with already bulging pockets only goes from 20% to 24%, so only a 4% rise. See how we've been stitched up!

Just to add, I did mine in July!! :)

How about that for a theory! duh!

There's nothing like a good jubbing!

Here they go again, doing a load of sell offs to try and lower again, it's pitiful.

MCNol, there has been an orchestrated attack again, they started to spread the fud a few days ago, it was clear what was coming, they are all from the same stable, the company should have dealt with it, they should also have seen it was underway and counteracted it with some social media intervention, but again, they've done nothing, a tweet today was not enough, they should have been proactive towards the end of last week. They could have put loads out remining investors about LB speaking at the conference, all sorts, but nope, they are so so amateur on the PR front and its galling.

MCNol, have you asked Adam?

Anyhow, good news, it might have stopped them as we're rising!

Folio it's a brokering house!

Numty, they are small shorts, but it is an orchestrated gang. Dare I mention the name again? It is the fact that is orchestrated, exactly like last time, so it is an inhouse gang of shorts ganging together, and attacking the sp here again, as before. The company should have been ready to deal with this this time around. Shame on them because they are not protecting their genuine shareholders at all.

"Do Not Ignore the Attack or Leave It to Shareholders To Sort Out the Truth

In general, it is not in the company’s best interests to completely ignore a short attack. Companies should not rely on the investor community to identify how a short activist’s claims are incorrect or misleading. Failing to address a short seller report or campaign publicly may increase investor uncertainty and lead investors to assume the truth of the short seller’s claims. The onus is on the company to disprove these claims.

Responses should be well-articulated and, although time is of the essence, they should not be impulsive: They should be focused on addressing the substantive criticisms and allegations and not on the activist or its motivations. Any personal attacks or aggressive language toward the short seller are counterproductive and may be viewed as unprofessional and unbecoming of the company’s leadership, lending support to the short campaign.

In rare circumstances, if there has been no notable impact on the company’s stock price and if the campaign has not gained traction with the company’s investor base or the media, a company may consider not responding. In such instances, responding could simply put the spotlight on the short seller’s allegations.

Even if the board deems that a public response is unwarranted, the short campaign should be carefully tracked, and the company should remain prepared to respond if circumstances change."

same source

"To prepare for the possibility of a short seller attack, companies should assess their vulnerabilities, maintain open channels of communication with shareholders, monitor short positions and changes in their shareholder base, and formulate a communications strategy.

In the face of a short attack, it is vital for a company to respond promptly with detailed evidence to rebut the short seller’s accusations point by point.

Share buybacks and dividend increases may help to restore a share price depressed by a short attack, but there is a risk that these may be seen as superficial defensive moves that do not address fundamental questions about the business.

Suing the firm or individuals behind a short attack or seeking an intervention by regulators rarely is successful and can backfire, drawing attention to the criticisms.

The Nature of Short Selling Attacks and Short Reports

Short selling attacks create unique challenges for boards, management teams and companies. Unlike traditional long activists, whose ultimate goal is to enhance shareholder value, short activists aim to destroy value. Their goal is to capitalize on a drop in the target company’s stock price caused by releasing research purporting to identify unfavorable information about the business. The release is typically coupled with a carefully orchestrated media and social media campaign to undermine the financial position and reputation of the company. After depressing the share price, the short activist can acquire shares to cover its short position below the price at which it sold and turn a profit.

Activist short sellers view themselves as investigators, engaging in deep research, eliciting information from insiders and performing physical detective work, to “unearth” material that suggests the company is overvalued. Their reports may claim to expose reporting and accounting issues, undisclosed material information or affiliate transactions, or misconduct by management, among other things.

Short attacks present a clear and present danger for boards by creating uncertainty, negatively impacting investor perceptions of management, the board and the company, and diverting executive and board attention.

Responding efficiently and effectively to a short attack is mission critical for boards to protect shareholder value. It requires foresight to identify potential attack vectors, and advanced preparation so that a company is well positioned to respond effectively on short notice. Here we provide tips on how to prepare for and respond to such attacks, as well as pitfalls to avoid."

source: skadden.com

.907 to buy, just added another small tranche.

Peeps :)

I've just bought £50, wasn't going to buy any more, but will wham a few smalls in throughout the day.

Remember, they are here for a reason! They want in as low as possible. Perhaps all lth would start putting in lots of little buys, that will rattle them, after all, they do it when they want the tide to turn so play them at their own game, lots of little buys will create problems. my views.

BUT REMEMBER, the boiler room gang did this last time, and once they'd got in at the low, the sp then shot up, also there was a crucial rns not long after they got in. The likelihood is they are aware of positive news on the way, and are pushing hard to try and get in as low as possible before it arrives. MMs are so corrupt, allowing this to happen. my views. DYOR etc.