Venture Life Share Discussion Threads

[greg the grinch] 02/1/2017 19:46

Any chance of adding a new 'lurker'.

Top 5 : (ECK/BXP/PIL/ERGO/SXX).

[apad] 02/1/2017 15:01

apad recent (PTSG/QTX/IGG/BVXP/DOTD)
apad top five (comparison only) (FEVR/BOO/ABC/RSW/BVXP)
Attrader (DMGT/IGG/BVXP/IHG/ROR
che7win (IDP/GMS/OSB/IAE/CAKE)
Cragside (AAZ/JOG/RQIH/SOU/W7L)
Dacian (BVXP/TPG/JOG/NTQ/QP)
DiscoDave (AHT/ENQ/RBG/G4M/IGG)
Felix99 (IGG/HUR/PRV/VEC/DGB)
Fozzie (SPRP/CTEC/UAI/IGG/UKOG)
Haywards26 (CLLN/HGM/BLVN/WTG/REDS)
homebrewruss (KAZ/HMI/SOU/FDEV/PVG)
HugePants (RMA/TREE/UAI/ALF/ZMNO)
Hydrus (BVXP/EAH/G4M/SAT/PVG )
Iomax99 (CVSG/PAYS/PVG/VANL/MCS)
janeann (ARC/ACSO/PRSM/SPE/ZTF)
Lauders (BVXP/COA/FFWD/FENR/HOC)
Linhur (RSW/BREE/GHH/FSJ/LTG)
Mozy123 (CARD/HAT/BVIC/GAW/SUS)
Peters spouse (ESP/JIM/RGL/TSTL/WJG)
Piedro (TSTL/SRT/OCN/CAM/MGNS)
PJ1 (TRD/TST/SPE/PEL/SDI)
Prince7652 (NFC/AMS/GBG/JHD/NUM)
Redartbmud (LLOY/CLLN/GNK/NANO/GHH)
Rjmahan (SIHL/TAU/PIL/DCI/RMA)
RP19 (PTSG/WJG/G4M/HSP/SPRP)
tlst (SUS/CRAW/DOM/ULVR/RB)
Tudes100 (LAM/SUS/ CLG/BVXP/ETO)
Valhamos (ABDP/DOTD/KNOS/PHTM/ZAM)
galeforce1 (AFG/JRS/POG/IGG/FTC)
Dibbs (RBG/WJG/PTSG/G4M/TAP)

[apad] 02/1/2017 15:00

Very many thanks for replies about CGT.
On to the abject apology. I clearly misled folks about my problem, which was not to do with CGT calcs., but the Book Value.
On to my completely numpty error.
I was using the remainder value of the CGT calc as a Book Value, rather than the overall average cost as a fixed number.
Feeling a complete prat for the very elementary nature of my mistake, and for misleading people.
Sackcloth and ashes, with a glass of Muriel Rioja.

apad

[thelongandtheshortandthetall] 02/1/2017 14:59

What we need is a back up site or forum just in case this one goes to pot.... or just hold your ground and use the filter option like a gatling gun.

It is a bit boring when the markets closed. I think if we were all honesf we do enjoy it. Its kind of like a game of chess or something with emotions too. Lots of fun fear worry elation. Brilliant isnt it. Much better than watching football coz we are in the game. The bezt bit is it doesnt matter if youve got a thousand pounds or a million, a good rational stock pick is what we're all after and great suggestionz can comd from anyone at anytime. The stock market is probably the greatest leveller there is.
Cheers all.

Sorry for stupid typos on my kindle fire an its a struggle. Sorry for stupid english bit thick ;)

[petersinthemarket] 02/1/2017 14:10

Happy New Year everyone.
Many tks to A for setting up the challenge.
Should be really interesting to follow.
Hope it doesn't create to much work for you.
I was absolutely amazed at how many lurkers who arrived for the competition.
Just shows, mind what you're saying - you're being watched all the time!
IMO this is the most interesting and best behaved thread on the board.
Hope I haven't spoken too soon.
If THEY turn up, just totally ignore them and they will lose interest and move on.
Back to the races 8:00am tomorrow and not a minute too soon.
Boring without the market.
best wishes for a good year for all serious contributors,
pete

[modform] 02/1/2017 13:42

Lauders, I can not possibly recommend a USA stock that could replace CLLN for yield but I can tell you what I have for yieldCNXC, a young coal miner that got separated from another company. It has paid dividend every quarter of almost $0.5. It has risen by 300% last year but still yields 12%ARLP, a company that doesn't mine anything but owns the land that miners use and it gets loyalities. The current yield is 8% but you may end up paying tax on dividend before payment as they try to discourage foreign investors MMP, The owner of pipelines in the USA which is very assets rich and yields 4.5%I don't buy companies because of yield as you are likely to end up eroding your capital more than you gain in yield unless you get your timing spot on, and that's really hard.Not a recommendation but something to investigate further if you wish.

[redartbmud] 02/1/2017 08:18

APAD
CGT Rule: There are three stages to apply:
1. Same Day Rule.
Shares acquired on the same day as disposal are matched as a trade.

2. 30 Day Rule.
Shares acquired in the 30 days following the day of disposal are matched.

3. Section 104 Holding.
Any transactions that do not fall into 1 or 2 above are Pooled under the Section 104 Rule.

SDT is self explanatory - a day trade profit or loss that is stand alone. It doesn't touch a previously acquired holding.

30 Day rule is a little more complex - The trade is backwards in that you take the profit or loss buy matching a sale against a later dated purchase. The transaction doesn't touch any previously acquired holding.

All other shares of the same company form a Section 104 Holding. - Say you make 3v purchases over a couple of years. Those transactions are aggregated and have an average purchase cost.
You then sell a proportion of the holding. You remove the value of the shares sold at the average cost.
That is then matched to the sales proceeds to create the Capital Gain or Loss.
The balance of shares that you hold remain in the Section 104 Holding at the average purchase cost.
If you subsequently add more shares, you create a new average cost that is used in future sales transactions. etc. etc.
On that basis, the holding can never fall to zero cost, until you sell all of the shares.


The 30 Day Rule is a 'Bed and Breakfast' rule concocted by the 'brilliant' ex-Chancellor, Brown Gordon the Blackheart. It can be a pain to apply.


Sorry for delay in replying properly. Family issues with an elderly Aunt.

red

[lauders] 02/1/2017 00:40

Can't really help with your query more than has been suggested already APAD. I am not an accountant so would not try to convince you any other way!

Couple of companies discussed before mentioned in these New Year tips:

[dibbs] 01/1/2017 23:29

Hi APAD,

I'm more of a lurker than a poster these days but do enjoy following this tread with the input from you and other regular contributors. 5 from my portfolio that I am holding for 2017 are RBG, WJG, PTSG, G4M and TAP.

HNY and Good luck all for 2017

Dibbs

[galeforce1] 01/1/2017 18:09

This is an interesting thread, and I've enjoyed being an occasional 'lurker' here over the last 12 months. Many thanks to all contributors.
If you are still taking contributions for your 'favourite stocks for 2017' list, mine would be AFG/JRS/POG/IGG/FTC
A priority in 2017 should be to avoid all exposure to UK domestic consumption - so that means no UK retailers and no UK house builders. I'm not sure many UK industrials are investable for the moment either, until we get a better idea of how tough the EU is going to be on the UK.
I guess that IGG has exposure to UK domestic consumption, but it's a strong business and the recent sell-off seems overdone.

[redartbmud] 01/1/2017 14:07

APAD

Still scrambled, so I adjusted to manually.

red

[redartbmud] 01/1/2017 13:23

APAD

Looks like they have it covered.
I have sent a simple example by private messaging.
If you copy it onto the board it scrambles the column.
See if this works.
I can work some more complex examples is it will help.

red

[discodave4] 01/1/2017 11:24

APADDon't know if this helps:hTTps://www.gov.uk/government/publications/shares-and-capital-gains-tax-hs284-self-assessment-helpsheet/hs284-shares-and-capital-gains-tax-2016DD

[linhur] 01/1/2017 11:08

Apad

My assumption is that all purchases and sales are after 5 April 2008.

Any purchases before 5/4/08 are added together ("pooled") to achieve
pooled cost at that date.
On sale - match net proceeds of shares sold against pool cost. This reduces
your total pool cost but keeps your average cost of shares retained. So until you sell your last shares you will always have a pool cost.

last In first out was applicable to shares sold pre 2008.

Don't forget to match shares sold with purchase costs if sold within 30 days of purchase.

Hope this helps.

Linhur

[hydrus] 01/1/2017 10:06

The matching gets quite complex I think. Have you looked into the websites that do the calculations for you for free? E.g.http://www.cgtcalculator.com

[apad] 01/1/2017 09:56

HELP!

red (or anyone else who can help!),

Wearing your accountant's hat, please comment.

Top Slicing.

If I sell some of a holding at a profit I reduce the cost of the remainder to reflect the gain from the sold portion. I record this as a reduced 'book value' and record the gain separately.

The capital gain is calculated using the price received and the original average cost.

If I sell again I still use the original average cost.

I have two companies that I have top sliced until I have received more than the holding cost in the first place.

This means that my 'book value' would go negative if I carried on the procedure.

In my spreadsheet I stop the 'book value' of these shares at zero.

I am now doing my tax return and realise that I am changing a rule in the middle of a process.

I am wondering whether my procedure will distort the accounts compared with how an accountant might present the same data, and whether there is a more recognised technique.

apad

ps
I have found a reference to a "last in first out" accounting procedure that, at first sight, seems to be different from the approach I have taken.

[lauders] 01/1/2017 01:15

Thank you Red! CLLN is one I will look at further for the high yield position I want to enter this year. I just need something that I can depend on to generate income while it sits in the QROPS for some time and helps build up a cash some but also pay the portfolio charges. This is all down to my company pension being moved into a QROPS wrapper so I don't have much say in the charges/options. So unless mod form comes out the blue with a US option or two to look at I think that it may well be CLLN or GSK at the moment.

On the matter of US options this may interest modform:

I have NO idea about US stocks!

PS. I buy and then when I reach 100% profit, 1-bagger, I now sell and let the initial holding run without worrying too much about it. I did this with BOO last year at a bit over 100% actually. So now I just intend to let the holding sit and hopefully become the next ASOS, but if things change then I can exit and still come out at a profit no matter what. May not be the best policy but I can sleep at night this way. Trouble is finding the next 1-bagger to invest the profit in!

[rp19] 31/12/2016 18:09

Many ways to skin a cat and I'm still learning the ropes. I don't have vast sums to invest and rather than fully commit to a position i often 'average up' after a period of time. Means I 'miss out' on some gains compared to if I went all in at the start but it does offer some downside protection.

[thelongandtheshortandthetall] 31/12/2016 17:30

Punch taverns being bought by heineken cant be bad for GNK Red.

Good luck all for 2017

[discodave4] 31/12/2016 15:41

As previous posters, thanks for sorting.Perhaps I'm lazy but tend to buy and sell on an all or nothing basis - if I've done my research, it ticks all my boxes and hits my entry level then why buy in small chunks, if it's right it's right, buying in smaller tranches suggests there is some underlying doubt? - just my opinion and perhaps I should change my strategy!.Happy & healthy new year everyone.DD

[redartbmud] 31/12/2016 14:00

Lauders

I think that the Clln dividend is safe. The share price rises, the yield falls, based on the share price at that time.
If you have bought at £2.36, or thereabouts, you are locked into the 7.7% yield until you sell. As they increase the dividend, year on year, the return gets that bit better.
Over time, I have bought Clln on the dips and only sold out enough to recover the stake for that trade. Slowly I have increased my holding. As it is not a growth stock, I have 'built in' an element of growth. Laborious but good exercise, pitting your wits against the market.
That is the theory anyway.

red

[hydrus] 31/12/2016 12:18

Absolutely I think this will be helpful and thank you again for organising it. Our approaches aren't dissimilar at all, particularly now I've increased my total number of positions ( with a number of smaller ones rather than just say 6-8 large holdings). Like you I am comfortable having a few very large holdings. Good luck and happy new year to all

[apad] 31/12/2016 12:09

H,
I buy in stages and sell in stages. I also buy an initial holding whilst building up some knowledge of the company and may stop if I feel ambivalent, or I might "buy the dip" and increase slowly. If my research throws up doubts I dump the initial holding. I hope to hold very long term. When the story changes is when I tend to exit in stages. If I am convinced and thoroughly impressed I build up a large holding fairly quickly.
Examples:
Currently selling down TRCS.
Multiple buys and a large holding in BVXP.
Couple of small buys in PTSG, a few more in QTX (held for longer) when weak.
Abandoned on more research is KNOS.
Held for many years is RSW/HLMA.

So, I guess I agree with your comments on the whole. However, an analysis over a year will give more understanding perhaps. My "largest holdings" does tend to cross the year boundary. TRCS replaced by BVXP this year.

Back to year-end tax return!

apad



apad

[hydrus] 31/12/2016 11:02

Worth reconfirming that a single year timeframe is arbitrary and will be more suited to certain styles of investing/trading. For those longer term investors what would be particularly interesting is to see where these selections are in three years time. For example I have no idea whether PVG/EAH share price will increase this year but I am confident that in a few years time they will be multiples higher. They are long term holds for me. However I have less confidence long term in SAT/G4M, not because I expect them to fail but there is more uncertainty and therefore more risk. Conversely they may well do well in short term. I may not hold longer term but we shall see.The value of this exercise for me is less about the in year performance but more the sharing of investment ideas (which have actually been recently made/positions added to). I'm sure everyone will get different value from it.

[apad] 31/12/2016 10:51

Held GNK for a long time, red. Decided the last acquisition was the end of that road - i.e. story has changed. I must look back at the decision.

I keep looking at YNGN as a beer holding (one should really have one). One of those 'always overvalued' shares.
apad