George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Roofer61, yes... I think to have finished the day where we are after going ex-div is no mean feat. As for cake and eat it... it only counts when you've cashed out and left some crumbs on the table. I would think/hope 170p gets comfortably broken then reassess from there. The fact that US inflation was actually marginally down has clearly rallied markets. Thanks for your post and Good Luck My Friend.
Mr A ....Sp held well after ex-div date , some people can have their cake and eat it, well done.....
Thank you for coming back to me on this.
Kernowtrader, sorry!
Kernowtower, I find the published explanations for something so simple, incredibly confusing! Basically to get the dividend, you need to be on the company books when they take a snap shot. This is the record date. The confusing bit is that the ex div date (purchasing on or after this date means you missed the dividend) is normally before the record date, which makes no sense. But i believe its because it takes a couple of days from share purchase to appear on the company books. So the ex div date is all you need to worry about and if you own the shares the day before this date and sell on or after the ex div, then you get paid when the divi payments are made regardless of whether you still own them or not....hence why Mr A points out that a lot of people will be selling today!
Typically, after a stock goes ex-dividend, the share price typically drops by the amount of the dividend paid to reflect the fact that new shareholders are not entitled to that payment.
Question roofer. If someone owns shares at the open and close tomorrow at the point that they assign dividends, do they need to keep them until payout day it order to be paid - if I sell, say on Monday, would I then lose that dividend payout? Thanks
Good point PSK… oops forgot about that.
This goes ex divi tomorrow
JayK, a wonderful reply. I remain in with my Swing Trade the 170p barrier was nibbled at. Tomorrow should, theoretically, be another positive day. So I will wait to see how it opens, look at the futures markets for the S&P500 and DowJones 30 and then decide from there.
Good Luck My Friend and once again thank you for your valuable contribution.
Regards MrA
psychological* Typing from my phone lol!
Morning Mr A. As we know the biggest barrier when trading is phycological. I saw a quote which said we are not wired as humans to trade, we don't like to loose, money is of upmost importance, hence we close trades to early and let loosers run! Technically I think for you as you wanted to swing trade, yes you had your target, and your bias is now negative, but your still long, so you have a bit of a clash here, if your bias is negative you should be out, however if you put your bias aside for now, technically is your swing over? I see mild resistance at 168 (5 daily bars in June) after that 171-173 and the 200MA. FTSE and SPY is stalling, is it taking a breather or has it run out of steam is the question. Also CPI data today from the US are the markets stalling because of that? Last time around the markets continued up on interest rate rises and CPI being higher. Its also holiday season, usually quiet. Barclays has been relatively strong recently, even when the FTSE dropped Barclays held up really strong if you compare shorter time frame charts. So for your swing exit or stay in, I think the above is all you need to consider as your trading in the now.
Roofer61,
Made me laugh… well done. Good Luck My Friends,
Regards MrA….
Now to search for some Barclays Shares news.
Flabbs,
Thanks for sharing your reply. I hope your £1.77 arrives sooner rather than later.
Good Luck my Friend.
Regards MrA
JayK,
“Your post feels like your trying to convince yourself that its right to sell by guessing world events. You made your target, so sell.”
Spot on. In fairness pressing the sell button is exactly where I’m at.
Understanding that there are a good bunch of contributors on here, both old and new, I was having my indulgence of the analogy of a “Deal or No Deal” moment I.e in my own mind I know that I will be selling when rather than if, but respectfully I was interested in the response of the “East Wing” and “West Wing” of whether to “Deal or No Deal”.
Thanks for your response and Good Luck my Friend.
Regards MrA
Barc Ex-Div 11th Aug Thurs
Payday 16th Sept Fri
Whopping .....2.25p
MrA a very wise move.......hit the sell button....or maybe remove your capital n collect dividends on the freeride ......DYOR
I've got a short term punt in at £1.42 (I've also got a bigger amount at £1.20 & £1.81, but I'm saving them for 'when' barclays hits £2.70). I'm all spent so I'm looking to sell off the short term shares soon as well just to stay liquid but not until they hit £1.77. Silly rationale really but I missed the heights of £1.72 just before Boris threw in the towel so since I've waited I want paying. Appreciate we're all fed up with waiting for barclays to return to its fair value, but £1.77 is still cheap and there doesn't seem to be any reason why we're not at £2 today even with current macro events unfolding...I'm a believer so I'm holding strong!
There are a lot of ifs and buts there my friend. Your post feels like your trying to convince yourself that its right to sell buy guessing world events. You made your target, so sell. Then sit back, watch what happens, if your bias changes you can get back in. You can buy high and sell higher too. GL.
Thanks for the replies all, really interesting to get other peoples views shared.
I guess I’m just thinking out loud of when I should sell my gamble purchase? I now have an itchy trigger finger as my short term ‘lump’ bought at 150.74p has reached my 10% goal at 166.00p. No such thing as Bad Profit, but I have sold a tad too early on my last couple of trades and are trying to break my own streak..
Personally, I believe a downturn is a coming and I would like to have liquid cash available to ‘rinse and repeat’ and take advantage if proven correct. In my own mind late September/early October could be when the Sugar Honey Ice Tea hits the fan. Making a list of For and Against, in addition to what has already been shared by posters here, this is what I could potentially see happening in a Nostradamus fashion…
For: Mainly Macro Reasons
Future Interest Rate Increases.
More Income Investors in the Banking Sector following Dividend Policy Announcements.
Further Share Buybacks.
Against: Mainly Geo-Political Reasons
Putin turning off the Gas for Western Europe this Winter leading to further Euro Inflation.
China attacking Taiwan meaning that 66% to 90% of Global Semiconductor Production halts.
German Economy detracting
Italian Economy collapsing.
Global Stocks Bear Market returning.
I stress, all imho, no form of guidance or advice implied, please myoc and gla.
Regards, MrA
It all depends on who wins the leadership vote. If Truss wins the rate rises will come to a stop. There is no point raising rates to reduce people’s spending power if the treasury are actively cutting taxes to increase people’s spending power. The net result would be higher government interest payments and reduced tax income. Whilst the bank is independent it should be able to sense the political reality of any moves it makes.
crude futures are on a down trend for the next twelve months I think wheat will go the same way
@Mr A, Crude has dropped a massive amount, and is in a down trend, we are in pre Ukraine/Russia prices now. It just needs to be reflected elsewhere. Gas is still high but dropped from all time high. I'd don't think inflation is seem as much as a problem right now, MoM increases are dropping and the US market pretty much disregarded the last results and continued to climb higher.
I agree with 2.5% (2.75% is outside chane IMO)
Think we will have .25% each one with the outside chance of a .5% in either Nov or Dec
Forecasts of at least 12.9% for October 22