Empyrean Energy Share Discussion Threads

[fsawatcher] 16/11/2017 11:09

it 50 50 nows

this option you got as trader or investor

you hold at 18p awaiting news
news come in good share price open at 24p it cud go to 35p but not on open
you make 17p profit on good news
if bad news it open at 12p and go to 10p
you lose 8p you lose lotta cash

you sell today and wait on sideline like panther in bushes
news come in good share price open at 24p and you buy it big , it go to 35p you sell it big you you make 11p nice profits with no risk or sleep nights
if bad news , you not in so you not get stung. you watch carnige and yous try and stop tellin peeps you told them so coz it jus not helpfuls

that innit

you dont ave to be innit to win it

you jus need to know wot it is so you can buy it

you still make money

that issue here

peeps startin realise it aint goin to 20p again before news so they exit to sideline

i right innit?

i annoyin innit?

[arcadian] 16/11/2017 11:08

They must have been very optimistic to bring in equipment to deal with the high pressures encountered which gives good reason for me to be patient and optimistic about the other zones.

[mark of the rushes] 16/11/2017 11:07

re. cgt calc. Here's what 10owen posted, 7128:

"Just got off the phone to HMRC and they advise the following re the 7.9p payment.

calc for CGT - total payout value minus (7.9p ÷ 8.5p closing bid price on 19th oct x purchase cost).The figure left is the gain.The cost of purchase left in the A shares is therefore 0.6p ÷ 8.5p x purchase cost. This figure can be used to offset against gains in the future.

Hope that helps."

note. he originally used 9p as closing bid on 19/10/16 but subsequently advised it should be 8.5p.

[nametrade] 16/11/2017 10:52

Brimsley, still playing on everyone’s doubts. Truth is, it could go either way. You have 9p to play with and we have 18...

[currypasty] 16/11/2017 10:42

all in good time, other partners doing OK

[brimsley] 16/11/2017 10:38

Ahh fools and their money I well recall Curry and his 21.1p steal

[terry hardacre] 16/11/2017 10:33

Well that's me maxed out here now, may as well take advantage of this situation

[brimsley] 16/11/2017 09:42

Nonsense the Lagoda and Boxer are tight as I told you 2 months ago but buy up if you disagree forbes may pay you a divvy in 2027

[blueblood] 16/11/2017 09:27

Hopefully Sunday night for X4 and commercial.....not long to go now!

[rutter] 16/11/2017 09:25

So when do you guys think that the next zone results will be posted? This week or Tuesday. Sitting here quietly confident that commerciality will be reached in this next zone

[brimsley] 16/11/2017 09:17

days wages? 10p short profit will do me Not greedy getting close My dad always said leave something in for the next guy the rest of you can make your own arrangements

[royaloak] 16/11/2017 09:15

You only have to report sales if the value of your sales is 4 x CGT allowance for the year. For example in 2017/ 2018 CGT allowance is £11,300, if you sell shares in total above 4 x that, £45200 you have to supply the details even if you have not made a capital gain.

[starzerus] 16/11/2017 09:10

Cmackay. He can't even account for himself.

[cmackay] 16/11/2017 09:03

Thanks Blueblood. I'm self employed so I have to do a self assessment anyway, I will throw it in there.

Brimsley; fancy a day's wages?

[blueblood] 16/11/2017 08:57

Technically yes in reality probably not!

[cmackay] 16/11/2017 08:56

My ROV was less than the threshold for CGT, do I still need to declare it on my return? I made no other cap gains outside of an ISA.

[hang ten] 16/11/2017 08:32

It's a capital gain.

[dafrog] 16/11/2017 08:26

Thanks very much. Will have to read that again later in the day!

[wcj] 16/11/2017 08:23

dafrog

I asked my accountant on Monday. He said that it is a share split into the common and the B shares. Your base cost of the original shares is divided up between the two classes in proportion to their value. I took this as being the closing value of the shares on the day after the split, i,e, 1.75p for the common and 7.9p for the B shares. So divide your original base cost in the ratio 1.75 to 7.9.

(I am not an accountant, so obviously this is not advice!)

[starzerus] 16/11/2017 08:23

I have deleted personal stuff but hope it stillmKes sense.



With the return of the 7.9p per share it is not purely the excess over the original average purchase price,

 

HMRC will value the remaining shares at the value of the company at the end of the day the B shares were redeemed which I think was 1.89p. The value sold was 7.9p therefore 7.9/9.79 (1.89+7.9) is the proportion sold approx.

 

The 1.89p is then the base cost to carry forward for your remaining EME shares.

[dafrog] 16/11/2017 08:20

Thanks. Most of mine are in ISA but just a few were not. They all are now.

[starzerus] 16/11/2017 08:16

Dafrog cap gains. My wife has done hers and I think has a mail from my accountant explaining how to do it. I have azked her to fibd it for you

[blueblood] 16/11/2017 08:10

I'm sure it was capital gain but as all m8ne are in ISAs/SIPP don't need to worry the taxman :-)