anyone got any ideas about the block trades that went through today?

website: http://www.sterlingenergyplc.com/



weather: www.nhc.noaa.gov/refresh/graphics_at4+shtml/084938.shtml?50wind120

Agree oil is the hot sector right now and a lot of the shares have had strong continuous rises over the last 12 months. Indeed, some have rocketed significantly over the last weeks or so. Question to ask is is this the market wakening up to oil companies or just hot money piling in to any oil company? Read a piece on another BB the other day, someone had just bought into PET then asked when the market closed that day. I think it's pretty safe to say that there is a lot of hot money and outright gambling going on there.

The way I see the sector and investing here, I don't mind having a smallish punt on a company that has prospects with upcoming drilling but no track record, eg PCI. But would rather invest more heavily into a company that has both existing asstes and upcoming drilling programs eg SEY and a few others i'm looking at, mainly Soco.

Also have to consider the demand/supply equation. World demand for oil is rising but is supply matching it? IMO, China and India are and will continue to consume vast quantities of oil and can that demand be met? Are OPEC pumping at full capacity, another arguement there that they are not so can't meet rising demand. Where is the oil price going to head over the next few years? I don't think we will see cheap oil again, eg $20-25bbl consistently. Long term is looks like it will keep rising to me, but that's just my take on it all.

Definitely interesting times lie ahead for oil. Well these are just some of my thoughts on all of this. Think I need to lie down now after writing all that!

great spiel, always appreciate a coherent view...

i agree that the supply demand issue is key to the global economy and intrinsic to the long term price of oil. If one is to believe that levels are such that we need to rebase the oil sector we have to watch out for when the bubble overshoots the new price band.

interesting times but the rising tide argument lifting all boats is a dangerous one when you consider there is still alot of unproducing wildcat names in what is historically a highly volitile sector.

i would rather back oil names right now with existing production and proven fields at a relatively rich valuation than just cottoning on to the laggard for cheapness sake.

happy punting...

Can any one tell me how to save the capitabl gain tax?

I know investing to AIM share can have taper relief.

for example, total profits:

0-1 year holding: 100%
1-2 year holding: 50%
2- THEREAFTER year holding: 25%

then less capital gain allowarance annual 8200.00 currently

but

for example, if you get 100,000 profit from good shares share within only 12 month trading, I think you need to pay (without considering PAYEE and persoanl allowrance etc)

100,000- 8200 = 91800 * 40% = 36,720.

So earning 100,000. you need to pay 36720.

It is too much.


can any one teach me the ways how to save this big chunk except for the AIM tap relief and allowarance known by anyone?

because any tax due will be actually paid to Inland revenue before Nov next financial year, so there are 6 - 18 month for holding this tax due if you realise this tax due within the current financial year. if this is a big chunk, you really need to consider its value.

For example, using 36720 go to horseracing/spread betting, if you win, you can use the free tax betting win to pay off your tax. if you lost, can that loss from betting be tax relief?( I only heard betting profit is free-tax, but not sure about betting loss can be tax relief?)

another example, using this 36720 to invest another AIM or Ofex or whatever to defer the tax due ?

can any experts tell me what to do? any ways legally?any kinds of LEGAL ways for saving capital gain tax from good shares profits?

big money gone is always very sad.

Afternoon all. I see the frenzy from yesterday has fizzled out. Any more rumours about rumours? I suspect not - never mind, just keep taking the tablets.

I think its sit and wait time!

Universe

You ask a lot of questions - i will try to answer them all - if i miss any or you want clarification let me know.

I am assuming you are talking about actually owning shares (paper or nominee)

Betting losses cannot be offset against capital gains
Investing in another share does not defer the tax due

Legal ways to pay less tax:

Invest in AIM stocks via a SIPP (dependent on your pension requirements/plans)

Invest in non AIM stocks upto 7k per annum currently in a self select ISA

Use spreadbetting (all profits are currently tax free)

Own half the shares in your spouses name to utilise both capital gains tax allowances

Sell any loss making shares prior to year end to offset some of the gains (you can buy them back 31 days later)

Hold AIM stocks for at least 2 years to utilise taper relief


These are the main simplistic ways (i dont think ive missed any). The more complicated way to reduce the tax bill is to set up a company which you trade through (the company owns the shares and you take a salary/dividends) though if you plan to do this you should get detailed advice dependent on the size of your investments.

Universe

Nice problem! No gain (over 8.2K) no capital gains tax. One to add, which some people forget, is that you can carry forward losses from previous years. In my own case, I have a loss on a company investment which is accepted as offsetting CGT - I expect I am not alone.

Eric

hello boys and girls....all this distracting talk about food and CGT, anyone else noticed these little puppies are up 1.00?????????????????

oh yes Prop. Keep watching - others obviously are too!

the 2 trades of 4,251,000 shares is obviously at t25 rollover so don't bust something over the volume spike!

too late oops!

I doubt that was a rollover, Prop.

It's time for this little baby to take off. Chocks away, Biggles. Tally Ho.

hilary, i beg to differ, why else would a block of identical size be traded moments apart with a .01p differential???

saying that it would be great to think that it is genuine...how this baby takes off i don't really care!

Sold HNR +17p.

Trying to increase this holding, but there seems a shortage of shares.........

lovely turn...nice bottle of wine tonight for you...

i can off you a quarter at 25p if you are struggling!

Prop,

There are 2 reasons why I don't believe for one second that those trades were a rollover. Not being condescending, but I don't really want to discuss the reasons on here though. Let's just enjoy the flight.

:o)

I'm not tight, but my broker offered 19p a share, and I refused and said 18.75, and then became 30k SEY better off.

I did'nt know I could barter, but it did take a good few minutes to fill this one!

;-)

Looks like an instant profit is about to appear.

The bid has ticked up a 1/4p

lovely trade SWW....

hilary, i would be happy to hear your view on the trade on the board...i am thick skinned enough to hear a view and not let anything degenerate into a slagging match - not my style and i am sure not yours either!

by way of background i was a proprietary equity trader for eight years at a top tier american investment bank and prior to that worked on the UK pitches as a market maker. i would be happy to hear your two reasons and would respectfully admit that i am wrong if they stack up....

prop, thanks for your words in respect of HNR and SEY, small they may have been, but I knew them to be right!

Less outlay for the same return!

;-)