Member Info for Vulnax

M - Serco 1/2 year results were out this morning, at a glance seemed good, or was there a fall in price!

M - Diabolo were nearly at your price!!!

S - sorry about DGE - did you get any on the drop to 2570 this morning?

Morning all,

What sort of day are expecting today?
Looks initially like prices falling back on open.

V

T - I did it on paper for while then it got behind ... so each transaction now goes into my spreadsheet straight away.

It shows the real costs and profit/loss without any averaging / smoothing by HL or the platform.

V

M - Diabolo - worrying I know, lots of capital tied up there for a week or so! For divi, and hopefully recovered SP.

It's an issue for us smaller traders not using hundred thousands ££ in the trading pot, ( from your previous comments I think that's your position too - apologies if I am intruding! ) we can't go big and get 10,000 ASC shares or FEVR or OCDO ... even though we can get 20,000 CINE or MARS shares etc.
My max is usually 1000 OCDO, FEVR etc. and not all at once!! If cash gets tied up I can't trade and either sell at a loss and play the spike/shake game, or wait.

In my early days ( all of Feb/March this year!!! ) I found trying to trade with a few hundred shares was not cost effective, after fees and stamp duty.
1000 shares gives £10 profit foreach 1p rise.
10000 shares gives £100 for a 1p rise.

As they say, money comes to money.!!

all the best

V

Should have ended that with ...

Ta macadam !!
Northern joke!!

M - Thanks for that, sounds like same thing I am seeing re: cost on the summary screen. Presume some profit on the cheap tranche "lowers" the remaining cost? If I buy and sell same number of shares it works fine ( or blocks at same cost price )..

My simple s/sheet has one block for buys and one block for sell, each with date, no., price, cost columns, and a final column for cost minus sale value = profit or loss. Includes the Stamp duty and fees - I use the share company summary when you click on the share name in summary screen, shows all transaction in that company at once, so easy to do a page for each company in the s/sheet and I take the total cost to buy the shares.

Cheers

V

Has anyone noticed on HL, if you have several tranches of shares in one company, the cost price is not always correct when showing gain/loss? On the account summary screen??
Twice now I have sold a 3 or 4 tranches lot of shares ( at same time ) with different cost prices, and HL showed a few hundred profit. BUT when sold and I add it into my spreadsheet against the shares actual cost was higher than HL showed .. and I have either made slight profit or an actual loss!

I presume it uses a lifetime share cost average ( the sort of info you get when you click in the share name in the portfolio account summary ... shows ave buy and sell price.

Unless it just averages the price of a number of shares as you sell piecemeal?

I need to do the maths in future not just rely on HL!!

V

S - I've joined you for the company. 2650 though, price moved while I was buying!!

Of course they dropped since... added a few more at 2535 to average down, still only 1k shares though.

V

T - that's about right on SP around ex-Divi date, rise as people buy to get the divi, fall to offset the outgoings due to divi, and sell off by those having had the divi,

Then depending on business performance / results, rise again above where they were!

If DGE bought at the right price, say 2650, and held until ex div data ( and price does not collapse then! ) worth £42.47 per 100 shares divi!
Then sell on the rise!!

From HL news on DGE's page...

Diageo took a £1.3bn charge for the reduced value of businesses hit by the Covid-19 pandemic as it reported a near-halving of first-half profit.
Operating profit almost halved to £2.1bn from £4bn in the six months to the end of June as net sales dropped 9% to £11.8bn.

Profit was hit by a £1.3bn impairment charge for the value of operations in India, South Korea, Nigeria and Ethiopia, reflecing Covid-19 and "challenging trading conditions". Excluding exceptional items, operating profit fell 15% to £3.5bn.

The maker of Johnnie Walker whisky and Smirnoff vodka recommended a final dividend of 42.47p a share, taking the annual payout to 69.88p a share - up 2%.

Free cash flow fell by £1bn to £1.6bn.

I mentioned them yesterday.

The interim and final come to about 67p ( or was it 7p ) . Interim was XD in Feb 20. Not always a day trade share.

They used to have a wide spread but rose too much too fast and then flatlined awhile.

S and I were in them back in April ish.

V

Morning all,

Nice to see the upward trend continue.

V

Amazing ... Diageo results show 1.3billion write down impairment charge, half the profits, yet STILL offering dividend and increased divi at that!

Price has fallen £1.50 at the moment .....

7,6% profit on MARS shares - 2 lowest cost 2 tranches. If they fall back i can buy back, else a few quid in the bank.

It's odd trading at a low price & profit when the portfolio shows a loss on the overall holding in that share due to earlier cost prices!

Morning all,

Positive movement in my shares, looking like a couple of sells on MARS and MAB today, maybe MCRO too!

Have a good day,

V

S - forgot, Of course you'd be invited! Along with T, R, A, L, G, P, and any one else who knows me!!! ( to use a well worn radio one phrase! )

Almost like a game of cats does countdown here!

I wonder, maybe a meet up some time in the future may be fun!
V

S - I believe Lidl do some rather good wines, at a great price!
Not being a wine connoisseur myself, I'll have a real ale!

How's the studio coming along, or are you recovering from your weekend antics?

I see Cornwall was in the news again, re: virus.

V