RE: Average7 Nov 2025 09:25
So here's a thing, I always add commissions and any other duty, fees to the amount to give you a true average. I also put in any shares that I have sold (either for profit or loss) and the amounts that credit/debit the total to give a true picture.
It is amazing how many people have sold some at a loss, but ignore that when working out their average.
I am a LTer, I held over 19m shares which at the time was over 2% of the company, but I sold completely out, final sells were at 0.61p after the drop down over the years from 2p+, Brendagate and the misleading Cobre figures, which I got them to amend an RNS which was misleading to put it mildly. I got disillusioned with JP (who I was in contact with quite a bit in the early days). I came away with a huge loss here at that point but salvaged some of my capital. I claimed the capital loss and each year fill in a tax return for CGT purposes.
I re-entered at the 0.25p-0.3p area and now have a decent holding although nowhere near 2%. However am now into good profits and have the capital losses to use against the gains made so far this year. Having made and lost fortunes over the past 30 years, keeping an eye on your CGT liabilities and trying to utilise SIPPs and ISAs to keep that requirement down is really important. With likely changes to CGT in the upcoming budget, it is worth bearing this in mind when you see some of your holdings rapidly rise. Use your yearly allowance to fill an ISA and if you have losses claim to carry them forward.
Anyways Good Luck holders and I am glad many are now being rewarded from the bottom drawer...