2016 share picks

RobertKK

The fear with the banks is the talk by the Fed of possible negative rates.

The democrats are not helping investors with their Wall Street talk, same with Trump. Both Sanders and Trump were not as possible Presidents, but a lot has changed in six months.
They have helped to majorly deflate biotech and health stocks by talk of tackling drug prices.

The whole market reacts to oil price changes.

The main problem is the Fed made the boom in the stock market. Raised interest rates in December when it should have been two or three years ago when the stock market was rising straight up.
Now Janet Yellen is looking like she will be reducing rates again, which raises a lot of questions about Fed policy and the decision made in December.
Uncertainty is alive and well for the time being. So many variables at play.

airmech

airmech wrote: »

88 Energy, great progress today. If the 3rd lab result is positive next week, it should continue to grow.

88e gone up again, thats about 800% in a week. It will easily go 10 times what is it at now. Check out Lse forums. Also, does anyone know the best thing to do with profits? CGT is too high for me to be cashing out.

Thargor

Did you have a lot of them? Not many would invest in a small cap explorer at the minute, hope it works out for you.

airmech

Thargor wrote: »

Did you have a lot of them? Not many would invest in a small cap explorer at the minute, hope it works out for you.

Ya, have a nice chunk. Waiting patiently with a couple of years.

Amouar

airmech wrote: »

Ya, have a nice chunk. Waiting patiently with a couple of years.

How did you know about this stock?

airmech

Amouar wrote: »

How did you know about this stock?

It used to be Tangiers Petroleum, i was in then when it went to crap. I held on and kept buying more at rock bottom.

Amouar

airmech wrote: »

It used to be Tangiers Petroleum, i was in then when it went to crap. I held on and kept buying more at rock bottom.

How did they avoid BK?

airmech

Amouar wrote: »

How did they avoid BK?

BK?

Amouar

airmech wrote: »

BK?

Bankrupt. Sorry.

airmech

Amouar wrote: »

Bankrupt. Sorry.

They had a couple of million left, most of us were down 90%. They bought land in Alaska where they are still giving 85% rebates, they had a new man in charge and also had the expert Paul Basinski on board. There was also alot of dilution but we kept backing them and now we are back.

Thargor

And you're actually in profit through all that? Well done.

airmech

Thargor wrote: »

And you're actually in profit through all that? Well done.

Ya, i think it will keep going up. Check out LSE forums, a few experts there backed it all the way. I am just trying to figure out who are the honest ones there and just listen to their opinions.

Amouar

airmech wrote: »

Ya, i think it will keep going up. Check out LSE forums, a few experts there backed it all the way. I am just trying to figure out who are the honest ones there and just listen to their opinions.

Can you share any LSE forum?

airmech

Amouar wrote: »

Can you share any LSE forum?

88e

lucky john

airmech wrote: »

Ya, i think it will keep going up. Check out LSE forums, a few experts there backed it all the way. I am just trying to figure out who are the honest ones there and just listen to their opinions.

Wow, 800%... in a week!!!.

You seem to know as much on this company as anyone so be very careful of what you read on the LSE forum. Its near impossible to know what motivates the posters, especially the ones with a short history of posts. Its full of rampers and derampers.

If you can stick in a trailing stop loss as protection you could sleep soundly and easily have the stock pick of the year and one to dine out on for a long time to come. congratulations.

RobertKK

lucky john wrote: »

Wow, 800%... in a week!!!.

You seem to know as much on this company as anyone so be very careful of what you read on the LSE forum. Its near impossible to know what motivates the posters, especially the ones with a short history of posts. Its full of rampers and derampers.

If you can stick in a trailing stop loss as protection you could sleep soundly and easily have the stock pick of the year and one to dine out on for a long time to come. congratulations.

Wise words as they are down 50% today.

lucky john

RobertKK wrote: »

Wise words as they are down 50% today.

The AIM market and the forums associated with it are notorious for the pump and dump merchants. Its definitely buyer beware and always keep at the back of your mind that when it looks too good to be true then it generally is. what caught my eye on 88e last night was how big the spread was ( apart from the 800%). way less now

ThebitterLemon

In the last two weeks I've bought

Royal Dutch Shell B

Sanofi

Bank of America

National Grid

Expect to hold for the medium to long term


TbL

ballyharpat

ThebitterLemon wrote: »

In the last two weeks I've bought

Royal Dutch Shell B

Sanofi

Bank of America

National Grid

Expect to hold for the medium to long term


TbL

I have been looking at Shell myself lately, also an energy fund, VGENX, but I am so deep in Oil now-in the form of USO, that I am down 25% of my total portfolio in the last year, but I feel much better than 10 days ago when I was down nearly 50%…… it will come back and I will make moey, but I did have a few dark days…..

letitroll

ThebitterLemon wrote: »

In the last two weeks I've bought

Royal Dutch Shell B

Sanofi

Bank of America

National Grid

Expect to hold for the medium to long term


TbL

RDS-B - what exchange to you buy the shares from LSE or Euronext

And does would it make a difference?

My shares at the moment

PLS Pilbarra minerals 5.71% rise today to AUD 0.37
MCT Metalicity 10.53% rise today to AUD 0.063

Prezatch

Deleted User wrote: »

My shares at the moment

PLS Pilbarra minerals 5.71% rise today to AUD 0.37
MCT Metalicity 10.53% rise today to AUD 0.063

Do either of these have contracts to supply lithium to any of the big car makers or what is the reasoning behind investing in them? I've read that 90% of the supply of lithium is produced by 3 large American companies. Admittedly my knowledge on the subject is very limited, mining/exploration industry is too risky for me

ThebitterLemon

letitroll wrote: »

RDS-B - what exchange to you buy the shares from LSE or Euronext

And does would it make a difference?

Bought them via Goodbody on the London Exchange.

Wasn't sure what the dividend withholding tax situation was in Holland and was prepared to have the currency exposure given the recent sterling weakness

TbL

great_scot

letitroll wrote: »

RDS-B - what exchange to you buy the shares from LSE or Euronext

And does would it make a difference?

Euronext is in euro , obviously London listing is denominated in sterling

London listing for the b class shares has about ten times the volume daily

shell was a great buy a month ago , its up at least 20% since the January low

Dave876

ThebitterLemon wrote: »

Bought them via Goodbody on the London Exchange.

Wasn't sure what the dividend withholding tax situation was in Holland and was prepared to have the currency exposure given the recent sterling weakness

TbL

Hi ThebitterLemon

I'm no tax expert but as far as I am aware Ireland has a double taxation agreement with the Netherlands which means you can claim a tax credit in Ireland for any DWT paid on Dutch dividends,

So say you received a €100 gross dividend on Royal Dutch Shell AS shares, with Dutch DWT @ 15% = you receive €85 net. On your Irish self assessment you declare the €100 dividend and are taxed at 40% which leaves you owing a further €40 to Irish revenue. Then you claim your €15 DWT originally paid in the Netherlands at source which leaves you owing €25 to Irish revenue - Total tax paid €40.

If you receive dividends on UK shares from RDS.B which amount to the same amount as above as far as I know there is no DWT due at source in the UK, so you receive €100 (£77.28) in full. Then you must declare this to Irish revenue and are due to pay 40% leaving you paying the same amount of tax €40 as above, only with UK dividends you have the further complication of foreign currency variance. Just curious as to why you went down this route as you say and are correct about the fact that the euro has strengthened against the sterling recently? Do you think its going to flip the other way?

And any tax gurus please correct me if my tax treatment is incorrect...

ThebitterLemon

Dave876 wrote: »

Hi ThebitterLemon

I'm no tax expert but as far as I am aware Ireland has a double taxation agreement with the Netherlands which means you can claim a tax credit in Ireland for any DWT paid on Dutch dividends,

So say you received a €100 gross dividend on Royal Dutch Shell AS shares, with Dutch DWT @ 15% = you receive €85 net. On your Irish self assessment you declare the €100 dividend and are taxed at 40% which leaves you owing a further €40 to Irish revenue. Then you claim your €15 DWT originally paid in the Netherlands at source which leaves you owing €25 to Irish revenue - Total tax paid €40.

If you receive dividends on UK shares from RDS.B which amount to the same amount as above as far as I know there is no DWT due at source in the UK, so you receive €100 (£77.28) in full. Then you must declare this to Irish revenue and are due to pay 40% leaving you paying the same amount of tax €40 as above, only with UK dividends you have the further complication of foreign currency variance. Just curious as to why you went down this route as you say and are correct about the fact that the euro has strengthened against the sterling recently? Do you think its going to flip the other way?

And any tax gurus please correct me if my tax treatment is incorrect...

Hi Dave876,

at the time I knew what the DWT treatment was for uk shares but wasn't sure about the Netherlands so I just went with the UK exchange.

I've other sterling assets and yes I believe that sterling will strengthen against the euro but I'm no expert. I expect to keep my holding for the foreseeable future and the potential currency exposure wasn't a big factor to be honest.

TbL

positron

JoeyD wrote: »

Do either of these have contracts to supply lithium to any of the big car makers or what is the reasoning behind investing in them? I've read that 90% of the supply of lithium is produced by 3 large American companies. Admittedly my knowledge on the subject is very limited, mining/exploration industry is too risky for me

This is a good point. TSLA stated they want to source metals for the Gigafactory from nearby sources. However, if the technology becomes more acceptable (Tesla designs are open source I think), if other manufactures follow suit or increase production, there might be an overall increase in demand. But then again, I don't know how well PLS stands to gain from it or if they have any advantage over any others etc. I am curious too.

Dave876

ThebitterLemon wrote: »

Hi Dave876,

at the time I knew what the DWT treatment was for uk shares but wasn't sure about the Netherlands so I just went with the UK exchange.

I've other sterling assets and yes I believe that sterling will strengthen against the euro but I'm no expert. I expect to keep my holding for the foreseeable future and the potential currency exposure wasn't a big factor to be honest.

TbL

Absolutely in it for the long run, I recently went with RDSA.AS shareholding myself,

Could be a while before the price of oil rises with Iran over saturating the market, only time will tell, but from what iv read if it does rise, it will rise very fast

_Tombstone_

Dave876 wrote: »

what iv read if it does rise, it will rise very fast

liamjames1

liamjames1 wrote: »

At a low entry price, with a strong balance sheet , growth in like for like store sales and Asian market growing strongly (although small) - I am not overly concerned at this point.

Exit point at 55

$55 mark hit... Exit complete