Member Info for WolfofWarks

Sorry what situation is Angus in? I’ve not been here much lately.

It’s at times like this that you understand rampers are as culpable as derampers in playing on your emotions and influencing where you choose to park your hard earned cash. Research the upside but go to town on the downside as that’s where you’ll lose your money.

I hope to god this comes back but the longer this goes on I personally feel the more doubtful it becomes.

Well TAG on its own has dropped from 73% to 39%. So that’s drop of 34% without talking into account DW. The ‘new investors’ purchased 12% of the associated shareholders (DW or IWEP I think) so I think it’s probably about right.

I don’t really now enough about them but there’s no way only 3-4% is held in the UK.

Especially when insiders have dumped over 50% of the shares. They wouldn’t have been hoovered up by Italians when it’s on the FTSE.

Nikikiki said there has been no coverage in Italy while it’s got cult status over here.

The Italy % doesn’t look right to me, especially given we know how many shares are sold by retail platforms in the UK. Are DW and his companies not all in the UK? I’m pretty sure he’s got just under 3%.

Facts are what we require rebel.

A reduction of 56.97% in insider positions ....

Hi Pure - One way to gain exposure to a share rather than purchase it is to use a derivative like a CFD or Spreadbet where you are betting on the increase/decrease of the share price. You have to put a margin (deposit) down on the share rather than the full price.

So for example you could gain exposure to £10k worth of SENX by putting down 25% or £2.5k deposit. If the price then moves 10% you would stand to make £1k profit or a return of 40% on your original stake of £2.5k. Obviously you can ratchet the losses up quickly as well.

IG are basically asking for 100% margin on certain shares, making a CFD not really worth while.

I don't use SBs but I think they involve betting on a share price being up or down over a fixed period of time 3, 6, 9, 12 months, etc.

I wonder if they'll be a surge in people wanting to purchase the actual shares to replace their leveraged positions?

I'm assuming CFDs and SB's don't have an impact on the actual share price?

Oddly ARB isnt on the IG list which I thought would have been a banker.

I've got SENX in my ISA but I'm going to have to close at least one anther position this week.

I guess thinks could get volatile in the short term?

It's this kind of supposition that led some to the Rothchilds .....

Some of it might be taxable at 10% up to the higher rate band if you are earning under.

If you've got that kind of gain though you would be mad not to go see an accountant.

Also worth pointing out that any withdrawals out of a SIPP after the 25% tax free amount are subject to income tax.

Just done more reading on this. Sod’s law I moved to IG as HSBC were getting tricky with certain shares.

A knock on of all this GameStop/Robinhood business by the look of it with IG being asked to put up more capital on risky positions so they are bailing out entirely.

Some on Twitter suggesting that even with 100% margin you’ve only got 30 days.

Is there anything official on this other that a tweet? When they restricted GameStop and AMC they emailed me.

Just checked and not had any emails from them.

My CFD is with IG.

That’s going to lock me out for a bit if that’s the case.

I tried to double my position last week and it wouldn’t let me so this goes some way towards explaining it.

By your own admission trading is your full time income so I think you’re most likely screwed and will suffer income tax rather then capital gains.

Without knowing your exact circumstances though it’s hard to properly assess. Income after £150k is taxed at 45% and after £100k you personal allowance is tapered down £1 per £2 earned so after £125k you have no allowance.

The UK will end up the most important.

AZ said in November interview that they intend to use it as a global hub.

Also has synergies with Middle East due to common law.

Was that Buzz Aldrin?

Yep.

The minute ARB start talking about dividends (not gonna happen) we’ll be onto the next thing.