Luddite, you may be right about April, but either way it seems we both think it's coming. It's only the timing that's different. The government deal shouldn't affect things much from an SSE pov, so it's back to where we were, imo. Should climb back up quite nicely for a while now, but as always, I'm only guessing :-)
RE: #GS looks to be having last lau..
The projected dividend for 2014 is 92p which at todays price is 7% yield. I have lost a few % this year on a top up at £13.88 in January but return per share long term is over £30/share from an inital price under £3, the present price is attractive. I would not be too concerned if the dividend were to be reduced but there is no evidence this is going to happen, just anecdotes and opinions which dont count for much. There has actually been no government intervention affecting SSEs profits, all they have done is tinker with green levies by rolling the costs forward. SSE has had an equal time under labour and conservative governments and has done well under both. In the unlikely event that Millyband gets elected labour have a history of similar utility bashing rhetoric prior to elections and then doing a U turn when they see the effect it has on investment decisions. I doubt a large market correction will happen until before at least April next year, dont take any notice of the pundits, Moneyweek etc have been predicting the end is nigh for years, they seem not to have noticed the bull market in the meantime , we now have a whole army of pundits in the US making videos of doom to sell their ropey systems, I wouldnt mind so much if they were any good at producing an entertaining story but some of them are absolute morons. I am betting on the UK market doing a Christmas or early new year rally on the back of the US markets which will see the FT100 go through 7000.
#GS looks to be having last laugh..
Looks. GS was right back in January when it initiated a target of 1295p on SSE. This certainly be breached if we have a market collapse ( I'd rather not have one ), but looks ominous. The share is getting bearish with government intervention and I'm now rather bearish on the dividend level being kept at 6%+. What happens if the sp falls to the 1295p? That would give a yield of 6.6%.
#MR DROOM speaks
I speak the truth and do not go out to scare, just state the obvious. High valuations, excessive debts, and extremely bullish sentiment do not necessary imply that a US/UK stock market collapse is imminent. This especially not in an environment of unlimited money printing but.......... http://drmarcfaber.blogspot.com/2013/12/marcfaber-market-commentary-dec-2013-gloomboomdoom.html
Caught the end of a news bulletin today suggesting goverment coming to a aggreement with the big 6. Announcement expected tomorrow. Anyone know full content. Maybe a good thing at least we may know what to deal with.
Tricky one, this
I've held for a while. I like it for the divi and it saw a very nice rise until the fuel bill thing came out. It then dropped big time, where it was about 12% down, which I thought was over done, so I topped up. Hence I'm now holding with an average of 1433. Anyway it turns out that this sneaky government have (behind the scenes) asked the energy companies to hold off any rises until summer of 2015. Isn't that just after election time, the snakey bastards??? So this story has driven the price down again. What to do? This is very much sentiment driven at the moment, but imo, it had bottomed out and was starting to rise again over the last couple of days. Me? I suspect it'll drop again for a couple of days, but I suspect it'll rise when the story dies down. This is getting seriously cheap, so I might top up again. Depends on how you think things are going to go. And I won't even mention the severe correction I'm expecting in the market overall in the next 3 months :-(
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