Trading the stockmarket (NO Referrals)

robgmun · 4 Jun 2010 at 12:04

The flaklands basin is proven now, it's only a matter of time for RKH and DES, RKH has not peaked at all IMHO

DYOR

Ranger07 · 4 Jun 2010 at 12:11

DES is a really exciting prospect, its still cheap as chips and has 5 more wells to drill.

Firestar_3x · 4 Jun 2010 at 12:15

What does the well program look like (dates etc?)

Ranger07 · 4 Jun 2010 at 12:23

At the moment all we know is DES will be getting the Ocean Gardian back Q3/4 for further drilling.

PMKeates · 4 Jun 2010 at 12:29

Does anyone know whether the supposed BP investors announcement is due at a specific time? I'd like to use my BP money to put in to RKH in anticipation of continuing rises, but would like to wait until after the BP announcement if possible, to try and get a more quid out of it.

Ahleckz · 4 Jun 2010 at 14:05

RBS, a wise idea to throw £1000 in it and hope to make money through dividend payments or is this awfully foolish?

robgmun · 4 Jun 2010 at 14:21

yes, because they are not paying dividends

Ahleckz · 4 Jun 2010 at 14:26

Aye, I was getting confused. Sorry, asking for a friend. He thinks buying them now is a good idea as they will be paying dividends in the future and he should buy now at a cheaper price.
I told him this is a silly idea...

He cashed out his ISA to get the money to invest.

PMKeates · 4 Jun 2010 at 14:28

RBS is boring. I sold my "long term" holds at a loss just because it was like watching paint run down a wall. I have lost more in AIM (curse you MTA!), but it's certainly been fun, and I have a good RKH holding that has already recovered most of my MTA losses, and I'm taking the view that I may move in to profit soon.

In terms of the value in DES, I'm holding out. DES and RKH appear joined at the hip, and at the moment RKH are growing faster. Considering the market capitalisation of DES is 324 Mn vs. RKH's 550 Mn, and that RKH are having all the good news, I may as well sit with it all in RKH until DES show some signs of moving under their own steam. Money in DES now is money that could earn more being in RKH.

If RKH keep this upwards trend I'm going to be calling 2010-06-02 "Holy 'hopper Wednesday"

verbal · 4 Jun 2010 at 14:35

I've got £2k in RKH @ 72p and £2k in DES @ 81p.

Des is stupidly cheap at the moment just wish I had any spare cash at all to buy into it.

Ahleckz · 4 Jun 2010 at 14:35

Yeah, the boring thing was kind of my point too - Just don't see the point in putting money into something that is very unlikely to move in the short-mid term.

I likened his action of closing his ISA to put into RBS as "the modern equivalent of shoving money into your mattress"

Simon · 4 Jun 2010 at 14:55

PMKeates said:
Does anyone know whether the supposed BP investors announcement is due at a specific time? I'd like to use my BP money to put in to RKH in anticipation of continuing rises, but would like to wait until after the BP announcement if possible, to try and get a more quid out of it.

Just announced they will be paying a dividend.

Ahleckz · 4 Jun 2010 at 14:55

Another question.
If you're wanting to do quick turn arounds, a Nominee Account is what I want, rather than a Stocks and Shares ISA right?
Can someone explain the difference?

PMKeates · 4 Jun 2010 at 14:57

Ahleckz said:
Another question.
If you're wanting to do quick turn arounds, a Nominee Account is what I want, rather than a Stocks and Shares ISA right?
Can someone explain the difference?

A nominee account means that you are not personally named as the shareholder (quite normal, means you don't vote, attend general meetings etc.) and a stocks and shares ISA is a container for tax-free capital gains on shares. Unless you already pay capital gains tax, or are planning to make a profit of over £10,000 per year, a stocks and shares ISA is not necessary. They are not mutually exclusive.

Simon said:
Just announced they will be paying a dividend.

Hmm, little response in the SP. Tempted to sell and buy more RKH while they are at 310p.

Morgoth · 4 Jun 2010 at 15:00

Just bought 1500 shares in DES, let's see what happens.

Ahleckz · 4 Jun 2010 at 15:07

So if I don't pay capital gains, or making a big profit it doesn't matter if I get a nominee or a stocks and shares ISA?
They both work in the same way?

I always thought I should get a nominee account as it has quicker turnaround and what not...

Can't seem to find a guide comparing them

PMKeates · 4 Jun 2010 at 15:18

If you are not intending to make CGT gains over £10,000 this financial year then simply open a standard nominee account.

The link below walks through the benefits of an ISA.

http://www.guardian.co.uk/money/2007/oct/25/isas.shares

booyaka · 4 Jun 2010 at 15:30

Just be aware that there is rumours afoot that CGT allowance will be cut to just £2k by the new goverment

While just 247,000 people paid CGT in the 2007-08 tax year, the number could be in the millions if the tax-free allowance is reduced, according to the fund management group Fidelity.

Ian Cowie: MPs and capital gains tax: we are living in fiscal apartheid
Although the coalition Government has remained silent on the annual tax-free allowance so far, the Liberal Democrats have previously proposed reducing it to just £2,000 from the current level of £10,100.

Typical investors could also face their first tax bill much sooner if the allowance is cut.

Currently, the average saver would not currently have to pay CGT if they sold or switched their investments within the first nine years, Fidelity calculated, as it would take this long for investment gains to exceed the tax-free allowance. However, if the CGT allowance were reduced to £2,000, CGT would become due after just two years.

These figures assume annual investment growth of 5pc and are based on the company's findings that its clients had on average managed to save a pot of around £18,000 in investments outside tax-free wrappers such as Isas.
"Savers who have never previously had to complete a tax return may now have to do so, with the amount they owe dependent on how much the government raises CGT in the next Budget," Fidelity said. The Coalition is widely expected to raise CGT to a top rate of 40pc or 50pc.

Paul Kennedy, the head of tax planning at Fidelity, said: "The forthcoming increases in the rate of CGT have been subject to much attention in relation to wealthy individuals. However, it should be remembered that the allowance is relevant to all investors, not just those on higher incomes.

"Our analysis shows that decreasing the tax-free allowance will result in millions of average long-term savers being dragged into a net that many believed was being set only for the rich. Such a change is likely to damage particularly older people who have saved prudently to supplement their income in retirement and gradually sell down their holdings.

He added: "The CGT allowance must be maintained at a level where it neither produces disproportionate burden on the modest investor nor distorts or compromises sensible long-term investment plans."

Strife212 · 4 Jun 2010 at 15:32

Going in with BP is not wise imo, they're only going down.

Simon · 4 Jun 2010 at 15:40

PMKeates said:
A nominee account means that you are not personally named as the shareholder (quite normal, means you don't vote, attend general meetings etc.) and a stocks and shares ISA is a container for tax-free capital gains on shares. Unless you already pay capital gains tax, or are planning to make a profit of over £10,000 per year, a stocks and shares ISA is not necessary. They are not mutually exclusive.Hmm, little response in the SP. Tempted to sell and buy more RKH while they are at 310p.

S+S ISAs will protect you from excessive dividend tax if you are in the 40% tax band.