Venture Life Share Discussion Threads

[edwards9] 14/1/2019 13:58

hi Apad,

PWC's Beaufort main menu is:


I found the following info under the distributions section>costs and cost allocations:



From the above PDF on page 2 it appears that costs will be capped at £10k per client, with 94% of client costs met by the FSCS and that less than 10 clients costs will not be met by the FSCS. However the page 3 table and subsequent table notes implies higher losses are possible.




cheers

[melton john] 14/1/2019 13:01

Tstl results presentation 25 Feb

[homebrewruss] 14/1/2019 11:36

Solid news from SDX and PTRO this morning.
I'm liking the ALT deal more and more so have bought a few more.

New audio interview with the AMER boss here about the recent and upcoming drills:

[lauders] 14/1/2019 11:29

Quite so red! Is there hope there? Don't ask Apad! I have been having some banter with a major NANO bull on the company specific BB about his claims that they are somehow connected with Apple. It could be true, but there is no public domain disclosure of this rather important point so until there is it is just a rumour. Non-disclosure terms could well be in force I do give him that, but wouldn't something have leaked out by now if it were the case? You would have thought so. Just needs an employee to leave on bad terms or speak carelessly in a public place with a bit too much detail!

[apad] 14/1/2019 11:11

Ah!
Just so, Hydrus.
apad

[redartbmud] 14/1/2019 10:54

Nano in nosebleed territory, but off the highs.

red

[redartbmud] 14/1/2019 10:53

Zotefoams (ZTF)

Who’s trading? Citywire A-rated Roland Arnold

The trade: The BlackRock UK small cap manager was among a series of holders to recently top slice their stake in Zotefoams, from 11.5% of the shares to 10.7%.

How have the shares performed? Shares rocketed in late December after fund giant Oppenheimer revealed it had taken a stake of more than 5%, hitting an all-time record of 706p, and were on Friday trading at 674p.

What does the company say? The high-tech materials business reported ‘record’ third quarter sales as it upgraded its profit forecast for the first nine months of the year, on a 16% increase in revenue for the period. Boss David Stirling said the firm had made ‘substantial progress’ and he was ‘confident about the future prospects’.

What’s the outlook? City brokers rate the stock a ‘buy’ at a ratio of three to two but the surge of interest has carried shares to well above a median price target of 606p and a price-to-earnings multiple of 30 times next year’s forecast, almost three times richer than the sector average.

red

[hydrus] 14/1/2019 10:53

All very sensible APAD. Maybe not a red flag for others but it is a red flag for him - he's fallen in love with SOS.

[apad] 14/1/2019 09:20

Hi H,
His analysis of SOS is exhaustive and so really helps one to make a decision.
I've done my own research and am comfortable holding it at this level as a high risk holding (not as high risk as Tesco, BP, Woolworths, Carillion, Flybe... etc. though).
I looked at his analysis of RBG as a roll out investment and was much more than unconvinced.
I would never view someone's opinion as a red flag, nor accept someone's viewpoint unless it was backed up by data I can check.
Sorry to bang on H, but I have been trying to stay true to this all my professional life... and it really 'aint easy!
apad

"What Do You Care What Other People Think?"
Richard Feynman

[redartbmud] 14/1/2019 09:09

For my ISA and SIPP, which do not attract CGT, I use the LIFO method of calculation.

For all of my portfolios, I ignore historic CGT data. I maintain a running record of total purchases less total sales, to establish a net cost, which I compare against current market price. Overall, I then know how much I will gain, or lose, if I liquidate the holding.

On that basis, having executed several trades in Spx, my running cost for the share is £3.788965p

red

[hydrus] 14/1/2019 09:03

Paul Scott not doing great in markets - another of his RBG hit today. Good in bull markets but perhaps gets too wrapped up in his shares and can't see wood for trees? I think he got wiped out in previous bear market. I sense the falling in love thing from his posts about SOS - red flag I reckon.

[redartbmud] 14/1/2019 08:44

APAD

Brown Gordon the Blackheart mired the waters on CGT with his 30 day rule.

There are 3 steps, but the simple rule is firstly to Pool all shares in that Class eg your RDSB, then calculate the average cost, then use that number as the base for calculating the CGT on your last sale. It smooths the cost of multiple purchases.

He set a 30 day rule, to stop 'bed and breakfasting' gains.
If you buy back shares, within 30 days of sale, then you isolate and match the bargain to calculate CGT, aside from your core portfolio holding.

red

[apad] 14/1/2019 08:24

I have some commercial software that gives the option of average or last in first out for capital gains calculation.
Its main market is the US, so maybe that is the reason.
I take it from j's post that those are the tax rules in the UK.
red is correct, there is no taxation on capital gains in Jersey.
However, in my accounts I calculate realised and unrealised gains annually in order to model portfolio performance.

Most of my BOO holdings are ancient, but I have three recent trades bought with a view to selling after the results and it occurred to me that a last in first out calculation would be a better model of the account than an average.

I suppose that as there isn't a tax rule I can choose what to use.
Any comments most welcome.

apad

[redartbmud] 14/1/2019 07:53

Jersey Boy - CGT is not in the vocabulary.

red

[janeann] 14/1/2019 07:51

apad - your post 23631; surely you have to do capital gains on an average price basis except for those bought and sold within 30 days; or are the Jersey rules different. 95% of my dealing is in ISAs so not an issue

[redartbmud] 13/1/2019 18:28

MJ

That doesn't sound good, or fair. The agent should have some sort of repercussion for their part in what is a fraud.
In the past, lending agencies in the UK have paid lip service to due diligence. I would hope that they learned their lesson last time round. No guarantees though:-(

red

[melton john] 13/1/2019 17:16

I've just read an article mentioning a subprime mortgage lending crisis in Australia with a twist, a court ruled that if the lender's agent fiddled the paperwork by lying about income etc, the loan is canceled and you keep the house. Repercussions on UK banks? Thoughts anyone?

[thelongandtheshortandthetall] 13/1/2019 15:03

APAD for what its worth. At a family lunch yesterday my brothers wife (a non drinker) was drinking fever tree on its own. As apposed to the usual J2O type fruit things.
Could be a small but growing side to the business.

[tewkesbury] 13/1/2019 12:06

People are saying Toople (TOOP) will be a 178x bagger.

[attrader] 13/1/2019 12:01

Red Leg rum definitely popular with crowd.

hxxps://www.amazon.co.uk/Red-Leg-Spiced-Rum-70/product-reviews/B009A8DI84/ref=cm_cr_arp_d_paging_btm_2?ie=UTF8&reviewerType=all_reviews&pageNumber=2

[apad] 13/1/2019 11:13

attrader,
The DIS board is a gentle place and folks comment on stocks in their local supermarkets. Possibly more important than Amazon.
Their most notable brand is Red Leg rum which seems to have a high profile. Gin brands are now legion.
The CEO is experienced in the industry and (I believe) has said that his aim is to sell the rum brand at some point.
I haven't tasted any of their brands and have given up gin as I can't afford the tonic anymore.
apad 😇

[attrader] 13/1/2019 10:19

Looking at Tarsus now. They organise exhibitions and trade shows. Does anyone know if there are barriers to entry in this business?

[attrader] 13/1/2019 09:38

APAD, had a quick look at DIS brands on Amazon - not a lot of reviews there so i reckon it does not sell well. I am not that much into Vodka/Gin stuff so unable to judge their product .. Have you tried their stuff?

[apad] 13/1/2019 08:36

Last year DIS had an update in the coming week.
Fun little penny company, that doesn't look at all risky, in a savagely competitive market.
My smallest holding!
apad😊