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I note that TCS was suspended today, whats happens if they in ones portfolio, NIL value, a total loss or do they stay there at last traded price.
I would think a total loss and nil value as the shares can,t trade
No it wouldn't. But what I find far more insulting is when a chop like tgg* comments on arseholes, while most of his investment is focused on the mining sector. It does not take a genius to realise that I had a far more balanced portfolio, and despite the "luck" with AH-vest, I would still have been miles ahead of him.
I played the game with the knowledge that we'd be limited by a 1-year cutoff. Which is why I find it laughable that so many members bleat that they wouldn't have risked investing in penny stocks.
Rather than be a chop about pennies, prevent players from buying the same shares twice within six months.
you seem to have decided that tgg's comment was directed at you - why?
I didn't decide that at all. You assume too much. I'm here for the same reasons you are.
No it wouldn't. But what I find far more insulting is when a chop like tgg* comments on arseholes, while most of his investment is focused on the mining sector. It does not take a genius to realise that I had a far more balanced portfolio, and despite the "luck" with AH-vest, I would still have been miles ahead of him.
I played the game with the knowledge that we'd be limited by a 1-year cutoff. Which is why I find it laughable that so many members bleat that they wouldn't have risked investing in penny stocks.
Rather than be a chop about pennies, prevent players from buying the same shares twice within six months.
I don't know about arseholes much... Personally, I "invested" in AH-vest based on some personal connections, and the fact that it was at an attractive price point. It recovered slowly, over 6 months, to similar levels it held a year ago. Hardly the same as buying a 1c share and seeing it double in value in a day or twoWhile I concede that the volumes traded is not realistic, there is no way I could have exploited a loophole in the game way back in May. Some of the comments here really do sound like sour grapes
At a glance, there are several interesting shares in the sub-R1 list. Jasco, Gijima and Cadiz come to mind. I'd say cap it at 10c rather than R1.
I get far more upset at guys having ETFs in their portfolios. Perhaps they didn't expect that Patrick would make it visible for all to see
I hear what you are saying gcr. My broker sends me a yearly summary for tax purposes that is quite adequate for working out my tax. My job is to see to the Base Cost. This I do and print out the Contract Note and file it.
When you stop "trading" your stocks and Change your Intention to Investing, you have to deem your stocks as 'sold" and pay the tax at market value whether you sold or not.
I fortunately sold off my whole portfolio before some bad news and bought back in afterwards. Since then, I have not sold or added to them and consider them as Investment Stocks since then. I now have just over a year to go for the 3 year thingy to Upgrade to CGT.
Post getting too long for attention span. Part 2 coming.
I note that I bought 2496 GFI at 04.03 on 2013/12/03 while l was sleeping?
Patrick, have you decided how to handle the ABL shares after the rights issue?
Exercising the rights, even if it means holders end up in negative cash. I'll have to figure out how to script it soon, then I'll try apply it this afternoon/evening.
