We have lots of experienced traders on MoneyAM who would be glad to help if you have any trading questions.

You may also find the EPIC box is case sensitive!

When VLK at last found, found the original title no longer appropriate. Can it be changed, or does one start anather thread?

refer to CGT rule- about last in first out(share dealing),say if i made 3 different lots of buying "xyz" as following 1) apr/03 100k cost 3,000; 2) may/03 150k cost 4,800; 3) Dec/03 250k cost 7,375. And i sold 300k shares
at Feb/04, i understand that i sold the 250k bought on dec/03 plus 50k from may/03 `s stuff ,but not know the cost base of the block sold.Is it 7,375+
1600= 8,975 or the pooling of all three transctions and take a avg @price
*300k; =9,105 ? Please any one know the answer.

You take the actual cost of the the shares. You would actually break the sale into 2 transactions, prorata and then put it againt the purchases. The reason for breaking it down is incase you have taper relief (or what was in place prior to taper relief) to claim etc.

Also the reason for breaking down the deals is in case you purchase the shares back within 30 days then, then it can become very complicated!

You work the cost out from the specific shares sold - hence you are selling 250K bought at for 7375 and 50K bought for 1600 hence 8,975 - the cost always stays with the specific share

little woman & Fundamentalist; thankyou for the help,very much appreciated.
rgds SBR

Cladisporium & LW, re Cytomyx,

LW, Cytomyx wasn't trading at 30-40p in December, you are looking at a chart that has already adjusted for the 1 for 25 consolidation on 13/01/04. Today's closing price of 32p is equivalent to 1.28p.

1.75p purchase price late Dec means you are in at an equivalent of 43.75p now.

Thanks dominic - I wondering about the difference!

The trade example in post 265 isn't strictly a VWAP trade, it's a trade that has been executed in parts and then booked out to the client, although it demonstrates how VWAP is calculated. A VWAP trade (marked VW) is where a broker is given an instruction to execute a trade against a VWAP benchmark for a given period and a full explanation can be found here.


http://www.moneyam.com/TradersRoom/ShowPostList?fID=1&tID=2057

Thanks for the clarification dominic - and I hadnt been aware of how VW was used for benchmarking until I read the link you've just posted. Very informative.

Nice article on the IG website, btw.

washlander

try "TECHNICAL ANALYSIS OF THE FINANCIAL MARKETS" by john j murphy. had it for Christmas. very readable as well as informative. hope that helps. im sure MAM has a bookshop...other sites do.

Thanks supernod

What is a protected transaction in level 11.

G, yes I was asked to review the L2 dealer, which I was happy to do. There's a possibility that I'll have an opportunity shortly to review all three DMA platforms simultaneously shortly back to back and compare and contrast. Looking forward to it. A little healthy competition never did anybody any harm.

ttt

A question for Croc

Lloyds is due to go ex-div on a 23.5p dividend payment in the next two weeks or so. This is approx. 5% of current share price. How would you play this stock?

1 Buy now, hope for it to go up and sell just before ex-div date?

2 Buy after ex-div date if the fall is overdone?

3 Leave alone because the chart seems to be forming a head and shoulders pattern?

Crock's still in the swamp not come out the read your post yet:o) I also await Dave's reply. I think he may charge for advise like that, imho dyor..

LOL! Worth a try anyway.

Good Q. First Call, with a divi as good as that i think that there is sure to be an awful lot of interest in this one, so i too will be interested in Croc's reply.


There has been much speculation on a possible divi cut in the future with Lloyds, but am i right in saying that they cannot touch this 23.5p 0ne?

Regards

Stan.

Well he does say:
"We have lots of experienced traders on MoneyAM who would be glad to help if you have ANY trading questions."

Anyone out there who can help on this one?
Results are out 8th March and ex-div date is 17th March

I bought in at 408p and sold out at 454.5p after it droped from 174p.
Now I'm wondering if to buy in again before the div or wait and see what happens after. If price remains at 455 level on ex-div date it should drop to 431-435p ex div. That would put it on an prospective PE of 10 and yield of 7.5% (with Div cover at 1.33). Hmm! looks to be good value.
.
It would then appear to be one of the cheapest banks. For the PE to adjust back up to say 10.5 (still not too expensive) the price would have to rise back up to 455p.

On this line of thought buying at 454p now would seem a relatively safe bet.

Against this, looking at the chart, a head and shoulder patern seems to have emerged. This is indicating a drop of 23p as being imminent (i.e. same as div value). Question is, is this likely to happen before ex-div date or on that date?