Centrica Share Discussion Threads

[jpjohn1] 05/4/2018 14:38

It sounds a lot but I don't think I'm rich at all, my family are, all joking aside I am really the poor one of the family

[whatsup32] 05/4/2018 14:36

I tend to pick one or two stocks and go all in . May not be the best way but it concentrates my mind. I do act on impulse sometimes and this has got me into trouble a few times.

However overall over the years I have done very well. In the last 1.5 years I’m up 18%

[jpjohn1] 05/4/2018 14:35

Yes careful, it's about 1.5 million a year I do normally. Two years ago it was 2 million, and three years ago it was 2.5 million

[careful] 05/4/2018 14:29

£6,000 in stamp duty?
That is £1.2m of purchases.

As we said previously, that is a £24K purchase, followed by a £24k sale, about once per week.
...but charges do mount up over a ten year period.
I like to keep total dealing charges to below 1% of my portfolio.
Any more cripples performance over several years.

[jpjohn1] 05/4/2018 14:29

It's a lot more than me Nortic, but about 95% of my purchases have been CDI

[nortic 007] 05/4/2018 14:22

JPI've just had a look at my Sharescope portfolio and I've paid £153,301.86 in stamp since I left the City in August of 2013.I should do CFD's but I don't trust myself with leverage.

[jpjohn1] 05/4/2018 14:21

The strange thing careful Ive never really been on slot machines, never done the lottery, I could walk away now and not look at it until a years time. I might have to wait a few years before it gets there unless there was a takeover here

[careful] 05/4/2018 14:20

This is a topical subject on April 5th.
We shall soon compile our CGT facts and figures for the taxman.
How many pages, that just about sums up our activity.

[jpjohn1] 05/4/2018 14:15

I quite often had to pay 6,000 in stamp duty alone, it's a lot of money. Going back to all shares you should not have to pay stamp duty, but the Government you say something different lol

[careful] 05/4/2018 14:15

Are you addicted to dealing?
Could you give it a rest, how long could you go without trading.
Is life empty when the markets are closed?

..beware, their are signs, just like alcoholics, compulsive gamblers, smokers.

[jpjohn1] 05/4/2018 14:12

Yes careful you can save a lot of money, it only as to go up just a touch and if you buy and regularly it only cost £6 to buy. Now you know why a lot of investors only buy them

[whatsup32] 05/4/2018 14:12

Jp Nortic

Had you both paid the tax we could have covered the national debt:)

[nortic 007] 05/4/2018 14:11

True careful...it can be slightly misleading.

[nortic 007] 05/4/2018 14:10

JpIt's only a rough guess but I reckon I've traded £125m worth of GLEN over the last 5 years.......scary but fun :)

[careful] 05/4/2018 14:07

£2m bought can be a statistical trick.
Even if you only had £10k, and you bought and sold every other day for 2 years, you would have recorded £2m of buys.
..but you would have saved a lot of stamp duty with Glen and others.

[whatsup32] 05/4/2018 14:02

Sounds great. Certainly will make it easier to trade

[jpjohn1] 05/4/2018 13:53

Without looking at records I have purchased, if they were all added up about 2 million pounds of Gencore and about 500,000 pounds of IAG

[jpjohn1] 05/4/2018 13:49

I had a long spell where I never bought ones with stamp duty Glencore & IAG. :)

[jpjohn1] 05/4/2018 13:46

Yes try it whatsup, put say 5,000 press to see how much the total cost and you will see no stamp duty.

[whatsup32] 05/4/2018 13:44

Thanks jp

I was actually following IAG and TUI as possible purchases, didn’t know they were duty free.

Love that word DUTY FREE :)

[jpjohn1] 05/4/2018 13:39

Sorry whatsup, just got back. Yes the list of company's you don't have to pay stamp duty on ( there HQ is not in the British Isles) are Glencore ---- IAG ( old British Airways ) ------TUI ( who bought Thompson Holidays) ------ Rangold ------- WPP ------ Ferguson ( old Wolseley ). You do not pay stamp duty. I said in my earlier post I made 1,400 in one day but if I had bought say Barclays where you pay stamp duty I would have actually made a loss.So has you can see it makes a big difference. A company only has got to go up a small amount and as long as you cover your buying charge and this is all profit to you. There is a growing number of investors in this country that only deal with no stamp charge company's . I have put posts on here before about it, I expect you missed that one. These are CDI

[whatsup32] 05/4/2018 13:38

careful.

Would seems so ,but then this was the agreement made when they were employed.

Have a look at how much the Chair at Berkeley made in bonus. Sit down first

[nortic 007] 05/4/2018 13:36

Free money but nothing surprises me these days. Let's hope they can prove their wealth to us.

[careful] 05/4/2018 13:30

Any views on the director share transactions announced today?
Seems generous amounts awarded under the incentive scheme, some sold (for tax losses?)
last day of financial year.

[whatsup32] 05/4/2018 13:27

If there is a bid for the company then I wouldn’t worry about the dividend too much :)