curious regarding the dividend vs share buy back scheme.
Trying to work out if i want to invest in this one, but having been watching it for a while, i think i'll need to invest more than i usually do in a single share, to make it worth while, i am slightly kicking myself, because i know when it was in a slump, i didn't have the funds to invest, and now it's recovered to a point where i would have had a nice cushion, so now i'm back to the stage of trying to work out a good entry price, which given the current political climate...... a task which seems considerably harder !!
I am assuming that the latest RNS is detailing part of the company's share buy-back plans (25.5k shares @ average of £28.78).
If it is part of the plan to put a floor under the share price, are we happy that it seems to have kicked in at a reasonably high level and thus keeps the SP higher, or do we think that the Company has had better opportunities to buy more shares for the same amount of cash? I'm still learning a lot of the realities of direct investing, so I'd welcome hearing different views and thoughts on this.
Personally, I think that if I was spending my own cash, I'd have bought in lower, but it it puts a higher floor in place, then as a holder I'm very happy - I'm just trying to reconcile the 2 thoughts.
Well Dan, if you are right in what you say, 70% can't be sneezed at. Most will have done worse... fund managers who made 20 - 30% are splashed all over the financial pages for their performance... And no I didn't look at Sasol... don't remember seeing that tip from you.
same story for me on BKG unfortunately - took 10/11% and cashed out. this strategy has served me well over the last 18 months or so. In a number of cases i have missed substantial rises but overall it looks like i will return 70-80% this tax year. I acknowledge many have done better but more have done worse. Did you ever look at the Sasol ADR tip i gave?
If you're in BKG... I'd hang on to it... I reckon 3500 -3700 is on the cards. (I think Peel Hunt or someone have said 4000 plus.. but...). It won't do this in a straight line.. so be prepared for the occasional dip. I've done very well out of Persimmon... up 53% I think.. but may hang on for a little bit longer...
Yes Dan, thanks, I've held BRWM all the way from 168 to 200 ish ... looking for a lot more out of this one in the next year or two (150 to 200 more)... as for the cable, I'm not really competent to predict exact levels. But most commentators out there are predicting USD to strengthen from here. (as in increased US spending.. higher inflation.. higher interest rates... higher dollar)
@Liberalman..BRWM was another that i got out of way too early, bought in at 220ish, took 20% or so then cashed out. felt very smart at the time. not looking so smart now though. Looking at some of your recent posts it looks like you are on a very good run over the last year or 2. Whats your guess on GBPUSD? 1.216 at the moment. Higher or lower in 6 / 12 / 24months?
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