akaDolly
11 Jan 2018
about oil but off topic New York city Mayor is bringing a lawsuit against oil companies, for damage re climate change. Didnt a "senior manager" of the US say climate change was a hoaxThey must have been watching the price of oil get to $70 and thought they'd make a few bob. Hope they realise the difference between WTI and Brent prices and dont get carried away[link]
alansugareatyourheartout
11 Jan 2018
Re: low cost trades "As I understand it you can only offset losses by gains on other shares. If you find out anything more cunning please share, I am likely to sell this year and face up to a £70k loss, if I can get any joy from this fact it would be a small consolation."The loss can be utilised against and capital gain, not just from shares.
alansugareatyourheartout
11 Jan 2018
Re: low cost trades "need to look into how I can put my losses on my tax return at some point I suppose!"Sell them , get your wife to use the cash received from the sale to buy, just wait until the buy/sell is reasonable. You can then use your loss to offset against CGT up to 28% relief. That said, I'm assuming u have a 17/18 gain and have used your personal allowance etc.
pb999
11 Jan 2018
Toilet humour Well, that was some dump someone took after hours! Odd that they got a slightly better price than the rest of the day but then this may have been a prolonged dump. We shall see it's aftermath tomorrow. 😂
Punilux
11 Jan 2018
Re: smarten yourselves up The main problem with RRL is 700 bopd and then the transport costs.If my tin-weenie company decided to try and recover oil from existing sites in Trinidad I might start with 0 bopd, but then I would not employ circa 140 people and have about $80M debt. The only thing offsetting this is 700 bopd, of which I believe the T&T government take nearly 50% in fees, licenses etc. Even if production rose to 7,000 bopd it could never earn out its debt before even the most optimistic estimate of depletion. Therefore the value of RRL is presently a lot less than zero, even taking into account Indonesia, which wasn't that politically or geographically stable last year. My theoretical interest would have no paid employee and no debt so would have a value of $0 so is worth far more.If you use a functioning oiler as a comparison then perhaps the Schiehallion and Loyal fields (by The Shetland Isles) are a good example. They are very old oil fields being revitalised by BP at a broadly similar cost to RRL's debt. Clearly, it will be easier to bring the product to market. According to Reuters in May last year (New Oil Projects Brighten North Sea's Twilight Years) the production is 130,000 bopd. This is some difference.
osammyboy
11 Jan 2018
Re: low cost trades JJ"As I understand it you can only offset losses by gains on other shares"just wrong way round. You offset gains by using losses on other shares
Marshsi
11 Jan 2018
Re: smarten yourselves up Like I say ...."it's almost like ". Key word being almost. I didn't say you are.As for the terms regarding smells and dirt maybe you should identify which posters are using these terms and which current poster is being bullied? This is shocking but I must have missed the posts? Perhaps admin have already deleted them? RRL - worryingly he share price just keeps falling. Now down around 40% from suspended price, despite bopd rise to 700. There's simply no confidence in this company going forwards. Good to hear more and more HSBC holders are getting their shares back in their portfolios. I am still stranded.
pb999
11 Jan 2018
Re: low cost trades only, JJ, that you are not alone in your plight, alas.
pb999
11 Jan 2018
Re: low cost trades Because there isn't any, other than MM's balancing trades, as discussed before. No other secret signals or manipulation. Anyone can buy shed loads at the moment if they wanted
JJ2009
11 Jan 2018
Re: low cost trades As I understand it you can only offset losses by gains on other shares. If you find out anything more cunning please share, I am likely to sell this year and face up to a £70k loss, if I can get any joy from this fact it would be a small consolation.
pb999
11 Jan 2018
Re: Inspirations and warnings ok, I thought it was there to flag up something about Range.
akaDolly
11 Jan 2018
Re: low cost trades >Oh I think it does, it suggests doing research first is better than posting the first thing that pops into one's head, in a cheeky chappy way, again.point taken, but why couldnt you have offered some input into what may be the reason for small sells instead of jumping on my (already agreed) airhead comment
akaDolly
11 Jan 2018
Re: Inspirations and warnings >Still can't see it. What has the link to do with range, especially as it has never paid a dividend?Simply on the basis that this is a ii forum, and it is a ii news item. I think the ii articles/items are interesting. I thought maybe others might have be interested. You could argue that others could go look for themselves but that isnt what its about. If we all had to look for ourselves there would be no point in having a bb to discuss stuff. We dont all know everything that is out there, I like to get the infoApart from that, I dont like to see the board go to sleep. I try to put up titles so that posters do not have to read stuff if they are not interested
forget_it_again
11 Jan 2018
Re: low cost trades "I correctly stated that the 31 January date is not relevant with regards to any cut off point for CGT"I see what you mean.I'm still holding (foolishly or not) and it'll be a big loss when I take it even if I factor in some sort of recovery! I need to look into how I can put my losses on my tax return at some point I suppose!
pb999
11 Jan 2018
Re: low cost trades Oh I think it does, it suggests doing research first is better than posting the first thing that pops into one's head, in a cheeky chappy way, again.
