Neteller - Will they take Europe by storm as well?

Hi 6foot5. No you're right, there is tax leakage although that's offset by the shorter holding time to get the taper relief (I've had mine since June 04). A better way of doing it if you want to hold the shares long-term is with a CFD or spreadbet if you're set up to do that. For me, I wanted the cash for something else and it was clear NLR was going to dip so I sold. If they'd levelled off at above 8 quid I wouldn't have bought them back, but at 650 they were once more extremely good value. My average purchase is about 170 so reducing the gain by 75% is important.

The calculation bit is actually quite easy to do on a spreadsheet so that's not a problem.