Asiamet Resources Share Discussion Threads

[the manini] 29/10/2017 11:15

With a spread bet you have no voting rights also if there was some offer that involved cash and shares of another company you wouldn't be eligible for those shares either with the SB position but obviously would have both of those angles covered if you hold shares in an ISA and /or SIPP.

[ronconomics] 29/10/2017 10:16

Actually. .IG offer a flexible ISA. During a tax year you can transfer funds out or across to a sb account and return them later without affecting the current year allowance.

I'm using this to fund a long term position in ARS on a DFB at about 5k exposure currently gradually reduced as my stop loss moves up. I haven't considered dividend entitlements hence my question. I was less thinking about tax and what might happen if the sb account grew rapidly if ARS was taken out at a big profit. I assume I don't own the underlying and do font get to vote but do I lose out on any other potential benefits? Should I reconsider this approach?

The biggest risk to my capital gas been when MM dropped the price aggressively to trigger my stop losses ahead if a big move up. I found myself having to buy back in higher up. Grr..ive experienced done thing similar with shares in my isa so it's not a differentiator.

If I make gains beyond the value of the initial cash transfer out of the Isa, I can top up the ISA using the annual 20k allowance. There will be timing considerations.

I didn't plan this as a strategy it just emerged, as accessible isa funds is a useful buffer for general rainy day savings.

I prefer to use my sipp for collective investment. Speculative positions get out of kilter on size, distort my slow and steady goals and confuse me on evaluation of performance.

[cyberbub] 29/10/2017 10:10

The Manini, yes looks like you're right. I'm sure it wasn't like that before - it seems on that link that the rules changed in 2016, perhaps I am just out of date!

[parthus] 29/10/2017 01:48

Dorset

Your comment has been noted, and may very well be used in evidence
should there be any discrepancy.
Ta

[mattjwhity] 28/10/2017 23:43

Perhaps a 2019 present to myself for investing in ARS at 0.98p...

[the manini] 28/10/2017 13:20

https://www.gov.uk/tax-on-dividendsIt says here that you don't

[cyberbub] 28/10/2017 12:41

As far as I know, divis in an ISA are *not* tax-free, you still have to pay the confusingly-named 'withholding tax'?

[the manini] 28/10/2017 10:53

*only long positions can be taken

[the manini] 28/10/2017 10:37

You can't go short ARS on IG on long positions can be taken.I hold all my shares in an ISA so gains are also tax free. An advantage to holding shares will come when they start paying a dividend which will also be tax free in the ISA. I do take out spread bets to take advantage of short term pullback rather than selling shares and trying to buy back cheaper which can backfire if news gets released.

[horneblower] 28/10/2017 09:19

Obviously there are a couple of major advantages ie the ability to short the stock and the freedom from any tax on gains. You don't even have to declare anything to the Revenue.

No major disadvantage to trading in spreads apart from slightly higher costs and a certain amount of added risk from the possibility of a failing counterparties (the bet itself involves intermediary companies who set up the instruments).

Also, being a geared instrument it is easy to trade in amounts larger than if you were buying the actual stock, so more care needed.

I assume that there is some kind of charge for holding bets long term, so the charges might mount up.

Really useful for short-term short positions.

[ronconomics] 28/10/2017 08:30

Is thee a disadvantage. My holding is all in sb.

[amaretto] 27/10/2017 23:07

trickyfrogman - IG account up and running. Like you, just want a bit of short term fun without having to sell shares. Would absolutely love it to pull back a fraction but given pending newsflow I wouldn't be surprised if that never happens.

Have a good weekend all.

[dorset64] 27/10/2017 17:00

parthus25 Oct '17 - 17:17 - 9018 of 9058

lol parthus, you'll start thanking me soon :)

[adorling] 27/10/2017 16:52

Well we closed the week out higher than we started despite the sales and remain over 7p which shows real strength. Cannot wait to see the further updates on BKM and BKZ next week and let’s remember it could be the big “B” month! Good weekends all.

[horneblower] 27/10/2017 16:42

Thanks, cyber.
Technically, it's not a rollover. It was two bed and ISA's.

[cyberbub] 27/10/2017 16:00

The second part of your rollover has just gone through horneblower

[horneblower] 27/10/2017 15:25

Entirely agree.

[highly geared] 27/10/2017 15:09

Copper pulling back/ taking a breather.Looking at the chart we might see some consolidation n but difficult to call if newsflow continues and Beutong lands. Don't be surprised or concerned to see 6.5p next week; I'll be buying more if it drops back.

[trickyfrogman] 27/10/2017 15:04

Amaretto I have some ARS spreadbet longs with IG and Spreadex just to complement my core holding in an ISA and let me make a bit short term without having to sell any shares. :-)

[horneblower] 27/10/2017 14:57

I am just putting through two bed and ISA's at £20k each so, don't let the two sales of 290,779 shares at 6.89p worry you.
It looks like they have delayed the purchases for some reason but put the sales through immediately.

[mr roper] 27/10/2017 09:27

fair bit of buying going on this morning

[mattjwhity] 27/10/2017 08:35

Everyone's turning to Copper!

[amaretto] 26/10/2017 20:57

Thanks guys.

[maverick247] 26/10/2017 20:31

Amaretto yes IG do it very easy too

[acer9] 26/10/2017 19:57

Hargreaves sb thro ig allow long on ars