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K12beano

20,854 posts

275 months

Wednesday 15th June 2016
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^^^ Any big multinationals flexible enough to move if the tax rates are all going to go up?

djc206

12,341 posts

125 months

Saturday 18th June 2016
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shopper150 said:
Surely there are opportunities to make some money in the run up to the Brexit referendum?!

How are you guys playing the markets?
If the polls are correct and we're leaving would gold not be a good bet? $1284/oz isn't low historically but in times of uncertainty investors tend to favour commodities don't they so that could push the price up slightly and even if it doesn't the £ will fall against the $. $1284=£895 today, if the £ falls by say 5c that would make it £930/oz, 10c £965/oz. You could of course just buy currency or a safe US stock for the sake effect.

Personally I'm going to stay away from everything until the result is known. It's too close to call and could easily go the other way.

PapaJohns

1,064 posts

153 months

Sunday 19th June 2016
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I mentioned this a week or so ago but Interserve shares are down to £2.90 after a hefty fine on a project/economy etc , for the past 6yrs or so Iv more than doubled my money through there 3yr share save scheme,apart from this year but it's money back .
The shares nearly hit £7.50 this time last year and a £900 investment returned £2200

Gold ? how would you go about buying and selling ?

djc206

12,341 posts

125 months

Sunday 19th June 2016
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PapaJohns said:
Gold ? how would you go about buying and selling ?
Honestly no idea I've never bought commodities.

As an alternative if the £ is going to tank a stable US stock such as Apple could return nicely just on the basis of currency rate fluctuation. Big if though.

g4ry13

16,959 posts

255 months

Sunday 19th June 2016
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PapaJohns said:
Gold ? how would you go about buying and selling ?
Buy gold related shares? CFD / spread bet the Gold price? Buy a block of the stuff?

Take your pick...

MisterJD

146 posts

111 months

Sunday 19th June 2016
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Physically backed Exchange Traded Fund

PapaJohns

1,064 posts

153 months

Sunday 19th June 2016
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g4ry13 said:
Buy gold related shares? CFD / spread bet the Gold price? Buy a block of the stuff?

Take your pick...
I bought my daughter a few gram of those little investment bars when she was born along with some silver coins, I was in Ramsdens changing currency and I asked out of curiosity about the gold, they said they don't buy 24ct. What's all that about ?

Buy a little here n there in small amounts s a long term investment for her, but it's currently about £35-£40 for 1gram which isn't ideal,

egomeister

6,700 posts

263 months

Sunday 19th June 2016
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PapaJohns said:
I bought my daughter a few gram of those little investment bars when she was born along with some silver coins, I was in Ramsdens changing currency and I asked out of curiosity about the gold, they said they don't buy 24ct. What's all that about ?

Buy a little here n there in small amounts s a long term investment for her, but it's currently about £35-£40 for 1gram which isn't ideal,
Buying 1g / small bars is a hopelessly inefficient way of buying gold - you pay a huge premium compared to buying larger bars. From memory it starts to become sensible from 10g upwards

Condi

17,168 posts

171 months

Monday 20th June 2016
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djc206 said:
Personally I'm going to stay away from everything until the result is known. It's too close to call and could easily go the other way.
Me too! Sold everything a couple of weeks ago and bought bonds/gilts and cash.

Think Friday could be manic. I'll be reinvesting no matter what the outcome, and so will everyone else. The uncertainty is affecting the market more than the out vote would, IMO, so if we stay in, people buy because confidence looks up. If we come out, currency weakens, our market looks more attractive, so people buy in.

Come to think of it, maybe i'll reinvest on Thursday instead.

twinturboz

1,278 posts

178 months

Tuesday 21st June 2016
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Tesla makes offer for Solarcity. Can't be many happy Telsa shareholders after that news, seems very sketchy.

Wonder if the plan is to engineer a squeeze in SCTY to enable Musk to get out before then having the deal vetoed by Tesla shareholders.

Edited by twinturboz on Tuesday 21st June 22:38

red_slr

17,217 posts

189 months

Wednesday 22nd June 2016
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egomeister said:
PapaJohns said:
I bought my daughter a few gram of those little investment bars when she was born along with some silver coins, I was in Ramsdens changing currency and I asked out of curiosity about the gold, they said they don't buy 24ct. What's all that about ?

Buy a little here n there in small amounts s a long term investment for her, but it's currently about £35-£40 for 1gram which isn't ideal,
Buying 1g / small bars is a hopelessly inefficient way of buying gold - you pay a huge premium compared to buying larger bars. From memory it starts to become sensible from 10g upwards
Generally better to buy gold coins if its smaller quantities and more of a keep sake.

M3Driver

171 posts

164 months

Wednesday 22nd June 2016
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So am I better to try and load up on Tesla shares when the price dips upon US market opening, take advantage of the discount, or try to buy SCTY shares in the hope that they'll be converted to TSLA at a decent rate at some point?

walm

10,609 posts

202 months

Wednesday 22nd June 2016
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M3Driver said:
So am I better to try and load up on Tesla shares when the price dips upon US market opening, take advantage of the discount, or try to buy SCTY shares in the hope that they'll be converted to TSLA at a decent rate at some point?
WTF?

You are talking about a special-sit risk-arb trade.
Trust me - unless you have a deep deep insight into deal risk and acceptable IRR spreads, it won't work.

If you like TSLA buy the stock (there is no "discount" - the price is the price).
There is still a decent chance that shareholders will vote down the SCTY deal which means you would end up with a bunch of SCTY (that you appear not to want) at a huge drop from the open price today.

Ozzie Osmond

21,189 posts

246 months

Wednesday 22nd June 2016
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Well, FTSE looks remarkably cheerful today!

Wonder whether on Friday it'll be sunning itself at Goodwood Festival of Speed or sinking into the mud at Glastonbury.... smile

bad company

18,545 posts

266 months

Wednesday 22nd June 2016
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Ozzie Osmond said:
Well, FTSE looks remarkably cheerful today!

Wonder whether on Friday it'll be sunning itself at Goodwood Festival of Speed or sinking into the mud at Glastonbury.... smile
Dunno but I'm not buying again until next week. I haven't sold any of my holdings tho.

traxx

3,143 posts

222 months

Wednesday 22nd June 2016
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walm said:
M3Driver said:
If you like TSLA buy the stock (there is no "discount" - the price is the price).
There is still a decent chance that shareholders will vote down the SCTY deal which means you would end up with a bunch of SCTY (that you appear not to want) at a huge drop from the open price today.
As usual just when you think Telsa can't get any more bizarre this happens
How can one public company make a bid for another public company when they share the same main Directors and shareholders?
TSLA is a high growth company with a projected high return on capital, Solar is more like a utility - and until yesterday its Bonds were trading like it was bust
Why do the two firms even appeal to the same type of investor other than both having the usual Musk hype

walm

10,609 posts

202 months

Wednesday 22nd June 2016
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traxx said:
As usual just when you think Telsa can't get any more bizarre this happens.
How can one public company make a bid for another public company when they share the same main Directors and shareholders?
TSLA is a high growth company with a projected high return on capital, Solar is more like a utility - and until yesterday its Bonds were trading like it was bust
Why do the two firms even appeal to the same type of investor other than both having the usual Musk hype
There is nothing stopping one company buying another as long as you disclose the conflict of interest - and in this case, Musk's votes don't count.
The shareholders must vote by a majority of the non-Musk holders.
I think that is fairly standard when these things happen.

The two companies won't appeal to the same type of investor. But a TSLA share is still predominantly Tesla ($29bn mkt cap vs. $2bn mkt cap at SCTY).

You are absolutely right though - this is bizarre.
No synergies at all.
As far as I can tell it is just the cheapest way for Musk to recapitalise SCTY.
Now if SCTY needs more cash it can just print some TSLA paper or tap into the Model 3 deposits of course!

Alpinestars

13,954 posts

244 months

Wednesday 22nd June 2016
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PapaJohns said:
I mentioned this a week or so ago but Interserve shares are down to £2.90 after a hefty fine on a project/economy etc , for the past 6yrs or so Iv more than doubled my money through there 3yr share save scheme,apart from this year but it's money back .
The shares nearly hit £7.50 this time last year and a £900 investment returned £2200

Gold ? how would you go about buying and selling ?
Buy shares in a gold miner, eg Rangold. Good correlation with the price of gold.

Ozzie Osmond

21,189 posts

246 months

Wednesday 22nd June 2016
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bad company said:
Ozzie Osmond said:
Well, FTSE looks remarkably cheerful today!

Wonder whether on Friday it'll be sunning itself at Goodwood Festival of Speed or sinking into the mud at Glastonbury.... smile
Dunno but I'm not buying again until next week. I haven't sold any of my holdings tho.
I'll be honest - I was buying when it was around 7000 in Spring 2015 and I was buying through Spring 2016 as well. As always, time will tell.

One thing I do know is that anyone who has been buying the market steadily through the last 10 to 15 years has made a tidy wedge.

egomeister

6,700 posts

263 months

Wednesday 22nd June 2016
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red_slr said:
egomeister said:
PapaJohns said:
I bought my daughter a few gram of those little investment bars when she was born along with some silver coins, I was in Ramsdens changing currency and I asked out of curiosity about the gold, they said they don't buy 24ct. What's all that about ?

Buy a little here n there in small amounts s a long term investment for her, but it's currently about £35-£40 for 1gram which isn't ideal,
Buying 1g / small bars is a hopelessly inefficient way of buying gold - you pay a huge premium compared to buying larger bars. From memory it starts to become sensible from 10g upwards
Generally better to buy gold coins if its smaller quantities and more of a keep sake.
I think it depends on your intentions. You tend to pay a premium for coins, but if they are UK coins they are free from CGT. This only becomes relevant if you are likely to exceed the thresholds in any year you sell, either because you were dealing with decent quantities or there was a massive increase in the gold price. Of course, if you weren't solely interested in it as an investment then aesthetic appeal of coins is a consideration!

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