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

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!

;-)

Got in at 18.25 will buy more in the next few days. Run out of dosh so have to wait for sales proceeds to come in.

MS

MS, you are new to the board but instantly likeable. keep on buying!

by the way have was the dripping last night, really made me lol!

Proptrade

Thanks for that. The dripping tasted awful but with a touch of Masala paste and some lime pickle it was just like the local takeaway. Mind you was it pay back time this morning oh boy did we burn.

Good Luck

MS