Versarien Share Discussion Threads

[axotyl] 23/7/2018 19:19

If anyone is tempted to try Spread Betting, and was thinking of getting involved with a 'system' from Trading Edge / SB Professional not a hundred miles from Stevenage - my strong advice would be to sharpen your barge pole and avoid...a Kempsteresque outfit would be one way of explaining.

[spike_1] 23/7/2018 18:44

sg, BTW I also voted to agree to these changes to - in practice - hopefully makes sb's less attractive and less volatile.

They are a curse. I do it because I've been doing it for 15 years and learned the hard way how to get it to work for you. IT IS NOT for beginners or pep's with little funds.

Best wishes - spike

[alchemy] 23/7/2018 18:44

Do we mean shorters , or simply those who sell? Very very different . Profit takers, they sell.

[rainbow23] 23/7/2018 18:37

Yet another successful day for the shorters.

[sonsonnyjim] 23/7/2018 18:35

Cheers guys

[1retirement] 23/7/2018 18:34

Only has implications for spreadbets. Feel free to continue to load up your ISA.Super, I was under the impression that the 50% rule applied to all positions at implementation date irrespective of the opening date of that position.

[superg1] 23/7/2018 18:33

sonsonny

It's nothing to do with isa and shares held as normal. EG You can only buy the amount of shares your. account covers.

Om spread bets you can bet far more money than you own due to gearing.

The new rules take all retail clients to a 20% minimum deposit for all shares. Near all AIM shares start at 25% anyway so it doesn't affect them on spread bets.

Take the FT 100 if I wanted to bet £20ks worth of cash it would only cost me £100 as the deposit is only .5%. Mad isn't it.

Can you imagine a bookie taking £100 as your deposit as an accepted £20k bet on a horse, I'll settle up later if it loses mate, yeah right.

There is absolutely nothing going to change on deposit margins for the vast majority of Aim shares. Anything already held sees no change either.

[sonsonnyjim] 23/7/2018 18:15

Super - does this affect someone just holding some shares in an ISA ie of one tops up their holding post 28th are there any implications??!!

[superg1] 23/7/2018 17:59

It made me smile that John Bird said this of others

“Surely I have the freedom to spend my money as I see fit? I’m suffering because [other] people have been out of control.”

Obviously he doesn't consider having to remortgage and take out a £10k loan to gear as not being out of control.

:-)

Ask Scrutable he has the experience of what it can do at the drop of a hat. Currently a tweet from Trump can wipe heavy gamblers out in seconds.

[superg1] 23/7/2018 17:56

Here is one from the Financial Times.

If this guy was in an AIM share then I wouldn't want to be in it.

“I would have to remortgage the house and take a £10,000 loan just to [continue doing] what I’m doing now,” said Jon Bird, 30, an English and Chinese teacher at a boarding school, who trades CFDs during the holidays.


Sadly there are a number of Jon Birds on the AIM and they tend to chase the flying shares miners an oil shares are a popular ones. It's a case of learning who they are over time and steering well clear of what they are in imo.

[superg1] 23/7/2018 17:52

The 50% rule and using just one share in your portfolio for simplicity.

Again IT DOES NOT AFFECT EXSISTING POSITIONS or shares that are already on 20% plus start margins like most Aim companies.

So before it would work like this.


Share £1 and you have £10k in your account. That would buy 40k shares due to the 25% deposit rule. In short you have to deposit £250 for every £1000 worth of shares owned.

In that scenario if not moved to 90p you would now need to deposit £1000 to keep the position open. You at that point are £4k down.

If you don't have £1k to deposit you get closed out which is forced sell on a margin call. The positions were allowed to run down to the negative point at which point you have to deposit cash or it will be closed.

The new rules say its only allowed to go down to 50% of your margin before you need to put cash in. Again only for new positions post the 28th.

[alchemy] 23/7/2018 17:49

I hold , will continue to hold and if it were possible to add I would. I could offer one reason for this per day for days.Number One . I think China's Silk Road will dwarf Americas Railroads of the 19th century. They have more people so to have a licence in the production of one of the materials they will use to " get there"is a vision so big I can only see it for small periods at a time.At the moment.

[wuzy] 23/7/2018 17:22

Just listened to podcast,all sounds very positive and news can't be far off. Cheers

[1retirement] 23/7/2018 17:17

Is this the new methodology then BELO from the shorters? Tried to tarnish the company, erm didn't work. So now its a game of trying to tarnish the man? You lot really are the bottom feeders but just shows how desperate you all are knowing how close you are to having your losses crystallized :-)

[club sandwich] 23/7/2018 16:52

Well the barstewards aren't getting any of mine, not for a long time yet (barring year-end tax bill)...

[sonsonnyjim] 23/7/2018 16:35

This just affects shorters super Yes?

[dreamtwister] 23/7/2018 16:31

cash burn may be eating away the petty cash.placing/dilution..sizzle....sizzle

[mryl] 23/7/2018 16:27

Aaand yet another small top up at 127.9 :)

[superg1] 23/7/2018 16:24

Re the SB rules

Its 25% to start with anyway on VRS so nothing will change. Pretty much the same on the majority of all AIM shares.

Something like 25% up to just over 100k shares then 40%, 65% 75% etc.

It's the bigger companies and main market that it affects.

[festario] 23/7/2018 16:16

Hmm, should have waited.