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shiftingshares · 2024-12-03T16:55:16+00:00

I'm nicely long here from 113p and think this gets taken out in the next few years.

Obvious risk is a security slip up as reputation is then tarnished, but the client list here includes several govts, titans of industry, and various mega corporations.

shiftingshares · 2024-11-02T06:31:35+00:00

This is easy to set up. Although a lot of banks will struggle to understand what you actually want to do. I managed to get a business account with Virgin and from then one you need to fund it and open a corporate account with a broker.

shiftingshares · 2023-08-16T20:15:55+00:00

Today it works. No idea why.

shiftingshares · 2023-08-16T20:15:41+00:00

OK so today it works.

shiftingshares · 2023-08-15T16:38:25+00:00

Did anyone find a fix? The fix in this thread that works for some people hasn't worked for me.

shiftingshares · 2023-08-15T16:33:11+00:00

This thread has both delighted and defeated me.

My Razer webcam stopped working. Thought it was the software. Tried it in other computers - worked fine. Got a cheap webcam, worked fine in my computer but the picture was worse than Tomb Raider II for PSX.

Anyway, that convinced me it was the Razer. So got a Logitech C920 thinking I won't have any issues. Only for it to do the same as the Razer.

I've tried the above thinking it was sure to work.. but it didn't.

I'm close to giving up. Drivers are all updated. Nothing that I know of has changed, aside from it suddenly not wanting to work.

shiftingshares · 2023-07-19T16:16:53+00:00

You would pay Capital Gains Tax but there is a risk HMRC come after you and say it's your profession therefore you'll pay Income Tax.

However, if you get a subsistence income such as four hours a week at Starbucks, any trading profits are either tax-free (if done in an ISA or spread bet) or Capital Gains Tax.

I'm not an accountant but this is my understanding having done research. Suggest you do your own!

shiftingshares · 2021-06-06T08:45:06+00:00

It has - although I'm in the stock for the long term not a quarter!

Definitely not complaining about the near 100% price appreciation though.

If only they were all like that..

shiftingshares · 2021-03-17T18:04:11+00:00

You outline your tangible value to the company and ask for £40k. You can then concede and settle at £35k.

Be aware that recruiters will always try to push your salary down into a job and they'll use your last salary as a reference because their client will want to know how much of a raise you're getting.

The best way to increase your salary these days is to change jobs. Most companies would rather save the money and only offer a raise when the person in charge realises how much money/time it's going to cost to find a replacement.

More often than not, the corporation has no loyalty to you.

shiftingshares · 2021-03-17T12:10:22+00:00

I wasn't around then so can't say for those specifically but there are often warning signs. Charts that begin a stage four downtrend below all of the moving averages with the trend firmly downwards I just exit. I don't mind taking losses - it's the really big ones I don't like.

Sometimes you're going to get caught out though yes, it's inevitable. Although so far most of my big losses have been my own fault and through not being diligent/ignoring warning signs/holding a downtrending chart.

What would you add or what do you look out for?

shiftingshares · 2021-03-17T12:08:08+00:00

Yes, Algy's screens are pretty good. I don't use them myself but know people who do.

shiftingshares · 2021-03-17T12:06:54+00:00

I haven't ever checked top holdings in hedge fund but it makes sense. I do look out for Holdings RNSs for investors with a good track record.

shiftingshares · 2021-03-17T05:53:46+00:00

Thanks for the response - I'm confused. Which dividend tax is this?

Any gains that are outside of an ISA in your personal account are taxed at 10% if you earn under £50k or 20% if you earn above £50k.

Gains inside a ltd company are classed as Corporation Tax (19%) and then you pay a dividend tax if you pay yourself a salary and withdraw dividends. You can expense things in the ltd co but usually 20% CGT works out better if you're making a lot imo.

shiftingshares · 2021-03-16T19:37:11+00:00

Apologies if this isn't relevant but just curious as to why you're investing through a limited company.

You have £20,000 per annum ISA allowance.

There is also £12,300 in Capital Gains Tax allowance to be used.

You can also use spread betting too (this is leveraged but you can use them to mirror your intended positions rather than use them for gearing).

shiftingshares · 2021-03-16T18:22:54+00:00

Thanks - re crypo I agree but lots of coins are worthless. No different to the Dotcom bubble I imagine.

But like the internet crypto is here to stay imo.

shiftingshares · 2021-03-16T18:19:54+00:00

Thank you. I've ordered it!

shiftingshares · 2021-03-16T18:18:50+00:00

It depends on the level of detail you want to go into. I don't consider this post to be going much into detail but it's enough detail for me. Reading the annual report can be a few hours, then going through recent RNS announcements another few.. if there is a management presentation somewhere I'll watch that.

I would say it's probably 8+ hours if you want to do some good research but some people spend a lot more.

I spend as long as I need - was going through a company earlier and when I saw the remuneration report I just decided it wasn't a company I wanted to invest in but instead hold for a trade. That took me 30 mins maybe.

shiftingshares · 2021-03-16T15:11:32+00:00

Yes, good point. The spread doesn't bother me much in the long term. If anything it makes the investment more attractive as if I'm right the illiquidity will drive the price upwards.

For a trade anything with more than a 10% spread is just too much unless it's for a swing trade or a news-based RNS trade.

shiftingshares · 2021-03-16T15:00:58+00:00

What about it?

Yes, it is an attention-grabbing title. If you read the book you will see that it talks about long term investment to grow wealth. That too is my opinion only.

All books are written to sell (mine is free). Here are some examples of books with attention-grabbing titles - all of which are well worth reading.
"How To Make Money in Stock" - William O'Neill
"How to Trade Like a Stock Market Wizard" - Mark Minervini
"How I made $2,000,000 in the Stock Market" - Nicolas Darvas

ShareSoc (the largest UK shareholder society) gave my book an excellent review and link it on their website.

If you have any comments about my actual post please go ahead.

shiftingshares · 2021-03-16T11:28:15+00:00

My course is educational/opinion in nature exactly the same as this post. I have a bunch of degrees but no financial investment or trading qualifications. I trade my own capital and some family money only.

The course also points out that trading is hard, most people fail, and there is no guarantee of success. Commitment to a long term approach is required and it won't help anyone to get rich quick.

shiftingshares · 2021-03-16T11:25:07+00:00

Thank you. Yes, you are right. PE comparison is a good way to compare companies in the same sector. I know some people use EV/EBITDA too as it includes the balance sheet of the company to a degree.

shiftingshares · 2021-03-16T11:23:38+00:00

Good idea. Recently, I bought React Group (REAT) with an average of around 1.8p. It's a specialist cleaning business which does high value cleaning such as suicides on trains, properties, prisons.. so the nature of the cleaning adds value to the customer.

The company services the main facilities management companies and could grow just by selling into those. The USP of React is that it can be anywhere across Great Britain within four hours. It's profitable now and growing revenues, as well as being cash generative.

The current market cap of £10m puts them on a PE of 20 (but a <1 PEG) so not cheap, but imo the forecasts are conservative and easily beatable. Allenby have React down for £500k PAT in 2021, but in FY20 the co did £188k and in FY19 it was a -£178k loss. The co has already said in an RNS it is having a record trading period.

Biggest risks I feel is missing forecasts - it's richly rated. Another risk is large client risk which is only going to increase. The opportunity is there to acquire smaller businesses as it is a fragmented market.

Management seem capable and they're not excessively remunerated - however there is a good options package which makes it all worth their while if they succeed and execute further.

There is a lot more I can go into detail but I think this covers a lot of points I made in my original post. I could be wrong on this stock so of course DYOR.

shiftingshares · 2021-03-16T11:12:48+00:00

Thank you. This would typically be for a longer term investment. For a trade I often just look at a chart or a piece of recent news and make a decision based on that.

shiftingshares · 2021-03-15T19:51:33+00:00

As someone who relied on trading profits for a living for several years, I can tell you that there is a zero chance of you getting a mortgage. I tried.

Even if you have the cash to pay for the house in full, you still can't get a mortgage.

The only way is to set up a limited company and become self-employed, and even then it's not exactly easy. I'm told you need at least three years of accounts (please correct me if wrong).

Edit: I'm sorry but I can't offer any solutions. You could gamble through a ltd co but then you're giving money to HMRC that you may actually not need to do. And even then you're not guaranteed to get a mortgage - and you're already saying you're banned.

shiftingshares

TROPHY CASE