Crazy MBNA offer

YorkshireBoy

TTMCMschine wrote: »

They're now at 180, so that 15100 * £1.80 = £27,180 from MBNA's very kind £10K at 0% loan.

Not far now & I'll have tripled it

That's a great result. But...

The 6 months will be up soon (or maybe it has already passed?). Are you taking some profit and repaying the balance - or paying a (probably totally irrelevant in the scheme of things) BT fee and keeping all the shares for a little while longer?

Well, do you feel lucky?

[Deleted User]

Nice work but dont get greedy cash it in .

I normally try to cut away from shares at 30% profit and only ever invest what i can afford to lose i.e. 1K chunks. I think your own figures will be based on how much your worth, as to a millionaire 20K would be the equivilent small risk 1k is to me.

My uncle lost 500k on the stock market in austrailia (a company he invested about 20k in) while his friend is now a millionaire as he knew when to cut and take his profits.

TTMCMschine

Hi Guys,
thanks for the replys.

I'm not going to sell just yet, I've been studying this company in depth for quite some time & I think they still have a long way to run. They announce half year results next month & from what they've indicated so far it's likely to be a record year, so I expect the share price will end up well over £2-00 - how far above depends on how good the results are, & what the future holds, but with a great range of new toys like the dragonfly, & Dr Who starting again on Saturday, & Dr Who becoming (apparently) a brand in the US (that will be a first) & Europe, it could end up significantly higher than even £2-00.

My 0% offer ends in June 07, so there's still a way to go yet - I did say it was a crazy MBNA offer - I couldn't believe it! & I'm no millionaire (if only!) otherwise I wouldn't be doing the 0% offer!

My plan is to use trailing stop losses at say 10% of the current share price - as the price goes up you move up the stop loss so that its always 10% below the peak. When I think it's getting about as high as it can I'll move the stop loss to maybe 7% below - that way you avoid selling too early & also avoid trying to be too greedy & waiting too long

The added benefit of keeping an aim share for a long while is that after 12 months you get 50% taper relief on the CGT from your profit, & after 2 years its a whopping 75% - so a 20% tax payer pays just 5% CGT on the profit, & a 40% payer pays just 10%.

Not often you get something off the tax man so it's as well to grab it with both hands when you do

cheerfulcat

TTMCMschine wrote: »

The added benefit of keeping an aim share for a long while is that after 12 months you get 50% taper relief on the CGT from your profit, & after 2 years its a whopping 75% - so a 20% tax payer pays just 5% CGT on the profit, & a 40% payer pays just 10%.

Small correction - only holders of shares in qualifying AIM traded companies enjoy this benefit.

[Deleted User]

You prob will be a millionaire soon if you keep winning big like that. Its good you are using a stoploss as you can never know when something could pop out such as money being embezzled to a swiss account that can make things go pretty rapidly enron style. But I guess in terms of how many companys this happens to I guess the risk is fairly small.

A couple I can think off - Marconi, Enron, loads of internet companies that didnt actually make a profit, barings bank. I held about 1K in dialogue sold at about 35% profit about 3 months later they went down big style and if I hadnt have pulled out my shares would have been worthless.

TTMCMschine

Just for the record:

I've decided to have a punt on Accuma (ACG) this coming week. Seems ironic because its one of the IVA companies. Their shares went down quite badly when the banks decided to threaten not to play ball, & they haven't recovered since, but results are out on Weds & I expect them to be very good, so a big jump in the sp - could be wrong though, don't try this at home

TTMCMschine

Well,
I've gone & done it. 12,331 shares in ACG at 72.5p each (just short of £9k). I have a stop loss in place jsut in case it all goes horribly wrong, but crunching the numbers I think that this is undervalued. Comparing the 1st half last time with the 1st half to the interims, ACG, from figures already released did 57.7% more IVA's which is a considerable increase. Even if the number of IVAs remains static at the lower no of 221 per month, it'd still show an increase at the full year of 14.9 % - a very reasonable number.

Depends whether theres any other nasty news in the interims, shall find out tomorrow! Eeek!

craignattress

good luck pal, hats off to yer

Bojangles_3

Wow! I'm impressed!

The MBNA offer is still available, now til Feb 08. My partner can borrow £15000 for £75 (who can calculate this loan rate?), we wont get better elsewhere will we?

We need cash to see us through the next few months - until we sell the flat we used to live in. So, glad I found this post!!!

Tempted to buy shares and follow some of the leads here but I know it's risky.

Thanks guys

Bojangles

MrChips

Price jumped to almost 83p this morning, before settling down to 76.5p.

Still, nice gain!