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Clued - probably the best initial advice on the different types of Trusts can be found on the Government website, as everyone's circumstances are different. Essentially, I have a will that details placing funds into a Trust, but until those funds actually land in a Trust I incur no costs. My understanding is that income above a certain level, or a capital disposal would be subject to tax, but individuals need to check the costs and tax situation for themselves.
Getafgrip, is there an annual 'tax' on a % of the type of Trust you refer to ?
PG - LA is consistently stating what he was months ago when this subject came up previously. You can trust what he says.
Think about it - Isa's were introduced a quarter of a century ago. Initially you could pay £7000 per annum into them. now this is £20,000. With a little luck on your investments, and the effects of compounding, it is well documented that ISA millionaires exist!
As of a few minutes before the close of play today I no longer hold a single Shell share & have no tax liability on the sale! As LA rightly states there are numerous other Tax shelters including SIPPs. I am lucky enough to own several properties. Unless I am unlucky and have to sell one or all of them, I will not pay capital gains tax on them in my lifetime, but my children will inherit them in a Trust as a tax shelter that will last for 60-years!
My advice is "those who fail to plan, are actually planning to fail!"
PS frequent trading helps, dividends reinvested etc. I spend most days glued to screen
Whom said I had them in a ISA alone, these are also in a Sippy as well
Yes i have an isa and a trading account but i cant understand why littleaston has 41000 shares in an isa account is that possible?
First rule in trading is open an ISA lol
Read up on stocks and shares ISA's - they are very simple to understand. In the last few days you could have sheltered £40,000 from tax - that is a £20,000 allowance each side of the financial year just ended!
You posted previously that your shareholdings are tax free wouldnt mind knowing how to sell some shares off without paying tax on them im sure a few others would like to know as well
Excellent Strategic Market View
https://oilprice.com/Energy/Crude-Oil/Javier-Blas-10-Things-Oil-Traders-Need-to-Know-About-Irans-Attack-on-Israel.html
LittleAston
Well thats a fair few more than i remembered and quite a chunky chunk, makes my 13500 look a bit paltry in the scheme of things.
Fair play to you on the move, big change from being in the thick of Brum i bet.
My former rental there was by the resr, huge big double fronted victorian place, four stories up and big extension out the back, huge monster of a place. Was my last rental to be sold, just too far from home in Cornwall to be managing it, shame as had that one for over 10 years and it owed me nothing. At least Dudley is a little closer for you, so sounds ideal.
I tend to look at the income yield relative to my buy price, rather than current market value one vs div %. For example, last pile of BP i bought @ 276, now a tad under double the current sp, so i yield approx double the current headline yield of 4% on those in real cash 'from my pocket' terms.
Have a few LGEN too, as well as PHNX, trying to spread money around a bit better than i did previously, only downside is more to keep an eye out for. So much effort trading so i tend to stick with them for the long term and let compounding work its magic.
Daytradenovice,
Yes, I use to live in Little Aston, just off the Roman Road, did a self build. Stockland Green just around the corner near Erdington.
I have rental properties in Dudley which are doing good.
I left Little Aston not too long ago and moved to Rugby, bought a 20 acre farm.
Re: Shell my max holding was 56773 shares, however I am now down to 41893 shares. so yes my yield is fantastic, but at current prices, it is poor. I prefer the likes of LGEN and have a bit stashed away there as well. Bought into JD, sold them all on update and bought them back today, more of a growth share in my view.
I spend a lot of time trading, yes making a small fortune, but want more.
Hi Ggp that’s a good observation and you summed up well of life uncertainties. I agree your analysis there and I also look forward to see £30 too and may the momentum keep carry on and I hope Q1 update will be a nice one to keep it going. have a good weekend all.
Yield should be better than current with your long held holding LittleAston?
Recall you posting that you had a good few - 30k? - some years back, so will also have a low average.
Only remember as i used to have a rental prop in Stockland Grn and understood you to be localish from past postings.
Would anyone like to guess what the dividend Will be when they end spending all that money on buying back shares.
I’m all out at thirty quid. Come on shell do your best.
Sold half @29.29. Well done all holders! No way was selling all, still really cheaply valued but couldn't resist taking some off the table. My average was 13 quid.GLA and happy Friday!
Larry - Yes, a fantastic problem to have, but commodity prices have a habit of derailing what with hindsight we might view as irrational exuberance or groundless optimism! Certainly the dramatic 92p boost to the SP when the IDF destroyed the Iranian Consulate in Damascus was difficult to foresee, but some event or other was likely to inflame the situation & threaten a dramatic widening & escalation of the Gaza conflict.
Now the extent and depth of the Iranian response is part of the calculation. In the background can the US afford Iran to become a nuclear power, especially when it has sworn the destruction of Israel - No! £29 is rarefied air territory as you say, £30 is appearing on the radar. Interest rates not coming down as quickly as they might have, with the stubborn US jobs boom continuing, ongoing property company issues in China etc. Certainly a time to recalibrate what you think is possible or likely!
This is new territory now, hope the rise continues. I still have a load of them, with exceptional life changing profits all tax free.
The dividend yield is getting poorer with the rise, that is the only issue I have.
Hi Ggp are you getting too dizzy at this height now :-) but it’s a nice problem to have isn’t it.
That’s why I like to have a price guide/pointers to see the trend direction, so today I’m gonna see if it closes above my short term price guide/pointer £2905 first b4 I can even think about my medium and longer term price guides/pointers. I can only hope so let’s see what the future holds :-) IMHO DYOR
Boyo - are you quiet, because we've gone off the chart!
Have held a lot of these for a long long time now as one of my main core holdings, average £12.52. but getting very tempted for only the second time ever to sell a few thousand. £29 is a cracking price.
Glass ceiling to be smashed today? GLA
Certainly it is a strong warning shot from Sawan, which is what the LSE needs.
Like many I have a lot of pride in the LSE & the status it has achieved over the years, but the reality is that post-Brexit, it is incrementally losing & has arguably been overtaken in Europe, and is slowly being marginalised in numerous measurable areas with the fierce competition from the US and increasingly the Far-East.
I don't think Sawan has any axe to grind, but he may actually believe that achieving value for oil companies might be better served by having one main world exchange containing the majority of major oil companies. Maybe this would go some way to counter-balancing OPEC's domination of the markets.
I am worried about the prospective demise of the LSE, but I really want to see them fight back, rather than gradually disappear without a whimper!