Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Buddy tell the Samaritans, not this chat site.
I have just bought in here today , took some nice profits from barclays, as someone mentioned below, nice dividend cover , stable business. 3 quid will be back with us by june/July this year. Don't forget all of the products this company offers and doesn't have the overheads of the banks etc.
From holding around 30% of my portfolio by value in dividend paying stocks 3 years ago I've now reduced the figure to around 17% as of today. The reason? Well, this share is a prime example of why. As of today I've locked in a dividend payment of 14.62p, unfortunately it's cost me 16.00p in lost capital!!
I sold 33% of my holding here last month, 18% earlier this week and the balance (50% of my original holding) I'll continue to hold for the time being.
My investment in a simple global equity tracker fund has delivered a positive return ytd of 7.5%; my holding here (including future dividend) a negative 0.7%. An outperformance of 8.2%.
Total return is the key measure for me.
Shortly after the 07 October attack, I sold a six figure investment (at a profit) in L&G based on the world being in an unstable situation and that c5% was obtainable in cash. With hindsight, I should have stuck with L&G. On balance, the cash return is steady and reliable, but boring. I will buy back soon on the basis of likely falling cash rates and learning a valuable lesson. This time I will not be selling. Kindly do your own due diligence please. Thank you.
Morning all, not posted for a long time as I am very much a novice at trading and just enjoy reading the posts and learning from them. However, I am aware that I would be paying tax on my dividends this tax year if they amount to over £500 as unfortunately I don't hold my shares in an ISA. With this in mind I sold my shares on Tuesday for just under £2.54 with a view to repurchasing more of them in the future at hopefully about £2.20. This should offset any tax I would have paid, still give me a profit and keep my dividends for the year below £500 as I do not hold many shares. Just need to wait for the drop to around £2.20. Hoping my logic is sound. Any thoughts, am I doing the right thing.
The posters here seem to mainly fall into 3 camps:
1. those who buy the shares, reinvest the dividends and forget
2. those who trade the shares, particularly around the ex-dividend dates
3. those who think we're insane to own either Lgen or any other UK share for that matter because the US /small caps /, is the way to go.
Each to their own, and if someone does it different to you then learn from it, but don't decry it in derogatory attacks (yes, you, the 3.'s, I'm particularly talking about you, as you add zero to the debate!)
Lgen is a great share and has been tremendously reliable.
Like many, I also hold Phnx, Av. Mng and, more recently, Csn.
Against these, I am underweight in Lgen, mainly due to caution as to how the relatively new CEO will bed in - i.e. whether he will significantly change strategy, kitchen sinks anything, overpay for other companies, etc.
LGEN is without doubt one of the best businesses out there, the dividend is well covered, profits are increasing & once the impending review is completed / published any lingering doubts will be cast aside by the market. I'm not saying that the SP will rise to any great heights because of any this but it is as close to a complete divi share as you can get.
If you buy today at the current price you get 8.6% annually as a dividend, try getting that in the bank. The dividend in my opinion will not be cut, it may stay as it is for a little while but it will increase in time. Buy, forget about it, re-invest the dividends & in 7 to 8 years they will have cost you nothing. Take a leaf out of Mr Buffett's book, he buys good companies & holds, does this all the time & he's done okay.
I think this has fallen far enough for one go. So, I have bought back half @233. My other half order @220 stays. Let see how it goes. Have a very nice day everyone and good luck.
Ah Fisherking, why so negative ? Nice near 6% dividend today !! This is the income share that never stops giving !! If you trade the share up and down
from c 210p to c 260p cap gains to be made also !!
The dividend is safe now so look forward to a generous 14.63p - ''Cah - Ching '' & also their latest news should make the sp tick up still.
Warnings that a sharp decline in interest rates will lead to a potential fall in UK bulk annuity volumes are overdone, suggests UBS, which expects Legal & General to be a major beneficiary of the continuing trend.
We expect a key constraint for the industry achieving similar or higher volumes than 2023 over the next 5 years (expectations of £250bn cumulative) will be the ability for insurers to source high-yielding assets.
“Overall, we expect bulk annuity volumes to continue to track at £50bn pa over the next 5 years, with L&G within our coverage likely to take the largest share of the market at c.25%.”
The shares will not recover today to your stated price as ex dividend 243
And for all those that purchased today will not receive the ex dividend but the seller will.
Good luck to all that holds one of the worst performing shares FTSE100
My thoughts are very hard times ahead
Mine goes back.as reinvest so not concerned good luck all.
Drop was not really overdone - it was correct as XD payment is usually how much it drops by along with div impact percentage - which for LGEN was approx. 6%.
Overall, not bad price to get in at the ring of the morning bell to get into LGEN - as it was a 6% discount then wait for next XD date lol!
It'll settle a bit by the end of trading im sure
Certainly moving up nicely. The drop did seem a little over done IMO
**Think we’ll recover to 242 today ex div price 243**
It will....IMHO
"it seems most shares fall further then the divi"
I dunno. My CAML shares have only dropped half the amount of the div today. (Maybe that's because the price of copper is up today.)
No
Think we’ll recover to 242 today ex div price 243
Weirdly I cannot find the RNS, it popped up in my email now I can’t find it
The mms know that so will be keeping the price a bit higher today. Possibly best to wait a day or two.
Imagine If the tax on purchase was scrapped many would sell before X-DIV and buy back after as it seems most shares fall further then the divi
Av. 2.26 sold half yesterday expecting this to drop lower than that between now and end of year.
If they sold last week at 256 and expected a pre ex div + divi drop fall and think there is profit here now, I’m guessing
Topped up at 233.5, far too much of a drop IMO. This was 255p yesterday dinner time and its not like the ex-div has come as a surprise. Hopefully a nice sustained rise back to were we was on the positive wider macroeconomic landscape we are currently experiencing. GL all
No hurry here, this will be "cheaper" yet, put it on watch and relax !
I'll just put it away now. If drops lower top up. Missed getting in ex divi date at a reasonable price.