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I'm not overfamiliar with the R&Q situation but they are a general insurer aren't they? LGEN exited general insurance about 10 years ago and given the competitiveness and lack of profits in that space in recent years I can't see them being to eager to go back in.
Gary, between now and the next exdiv there's no benefit in being invested, so plenty of time available to buy back here around 220ish, obviously there's no guarantee on how much it will drop, still holding 2/3rds so not too much of a risk
The "Sage' was holding $168 billion in cash and cash equivalents at the end of 2023. By that it means that the cash was mostly stuck in US treasury bonds which are one & the same. Does that mean that he is struggling to find stocks which he thinks will pay a meaningful return? $2 billion of that is from selling a 1% stake in Apple.
I bet it still keeps him up at night.
Eccles, I think your mate Warren is having you on. Berkshire Hathaway has been sitting on a big cash (or equivalents) pile for a while now, with US stocks being expensive and cash earning 5%.
Sold roughly one third. I also have AV. which sank by more than the % dividend, so I can now buy these if LGEN doesn't do likewise. Or maybe something else, but I have cash and have already made a profit, which is nice.
According to my mate Warren Buffet one should never hold cash except what is necessary to buy groceries and pay bills. It earns nothing and always depreciates; if you can't find somewhere useful to park it you are not trying hard enough.
Rob, LTI has got it wrong … again !! XD dates are not always on a Thursday (for UK shares). Mostly they are, but not always. There are occasionally circumstances where the ex-dividend day is different i.e. when there is some other corporate action, such as a consolidation.
Longtimeinvestor, It's not like you to be sarcastic ?, It's always best to cover all possibility's lol, it rarely goes the way you want it to go
Rz
''I thought ex div was going to be the 25th, but ....''
XD is always on a Thursday
Rob
''it may go up higher tomorrow or it might not''
great thinking
I thought ex div was going to be the 25th, but voting suggests it’ll be the 26th April?
Am I misreading the following?
“ That a final dividend of 14.63 pence per ordinary share in
respect of the year ended 31 December 2023 be declared
and paid on 6 June 2024 to shareholders on the register of
members at the close of business on 26 April 2024”
Sold a third of my lgen shares today, it may go up higher tomorrow or it might not, was just thinking it would be unlikely to have 3 ftse up days in a row plus i expect there will be more selling in the morning
time will tell if it was the right move or a mistake, happy to hold in cash for now and see what happens
gla
Cardinal3 - yes, there is a concentration based on market cap of so called tech stocks. The major players (Microsoft, Nividia, Meta etc) account for around 18% of the value of the L&G International Index Trust. So, a 20% correction would drive the unit price down by 3.6%. I'm ok with that.
You are also correct that there is a fair amount of overlap in my holdings. That's inevitable if you invest in succesfull leading businesses.
I'm happy with the level of diversification across sectors and countries. My alternative, historically, was to just invest in a small(ish) number of UK listed companies. That's not diversification and I would argue carries more risk.
Might be worth selling 50% if your holding is sufficiently large enough allowing for trading costs.
Zac
Thanks a lot.
My query on your logic is that global trackers tend to hold the US IT FAANG stocks - Microsoft, Apple etc as they are based on capitalisation like our FTSE 100. On the history over the last few years the surge in those stocks has inevitably driven trackers up, but that does leave the potential downside as there is a concentration of risk despite the idea that trackers spread risk. Adding the different trackers you hold I imagine the FAANG stocks feature heavily in most or all and overlap a fair bit. That might be fine if thats the idea though I am trying to avoid too much overlap.
Gary59,
This share never behaves as you would expect. I had a target to sell before Ex-div, and was achieved. These were shares I bought in the recent drop. Depending on how much they go up tomorrow, I will sell another lot of the same value. I am now under no pressure to sell, as I have funds to buy those back again.
I will retain a core holding for the dividend. Also note, the market has risen for 2 days, will it rise another day? as nothing keeps on going up, as well as more delays to a interest rate drop.
I will post if and when I buy back and what has been achieved.
Aangus1 - I have three "rules" with funds.
Firstly, never trade over a weekend - so don't place an order on Friday that won't trade until the following week. It's a volatile world out there.
Secondly, try to avoid trading either side of an interest rate or jobs data announcement.
Lastly, given that you don't know the price you're buying or selling at then I always trade a specific number of units and not a value. If you ask to sell £20k of a fund and the price drops on you then you'll be selling more units than you intended.
Littleaston - I would be interested to know why you would sell 12,000 shares a couple of days before the company goes X divi. Isn't it expected that the price will rise before the cut off which is 4.30 pm tomorrow?
Up 1.32% today as I type.
Aangus1 - I can't say I give much thought to the question you've posed. I don't invest in funds for the short-term, so a percentage point either way is of little concern.
My largest holding, in a global equity tracker fund, is in L&G International Index Trust Acc. If you want instant trading they offer an ETF (LGGG) which has an almost identical make-up and performance.
Littleaston
History says that could be a good move as LGEN have tended to drop by much bigger values than the dividend. The only concern could be the level of the FTSE100. With it at or close to it's peak, there is a chance of it shooting higher taking the likes of LGEN (and many others) higher, although this has not historically happened Will continue to hold and watch with interest - good luck.
I have sold 12000 shares today, and if they arise further by 4.30pm tomorrow I will sell another lot. The remainder I will take the dividend on, so covering myself both ways.
Obviously will be looking to buy back at a price to include the dividend as well as a bit extra.
Jatw, yes thanks for insight. Over last few years a pattern ahs developed with Lgen, After divi day price falls, ok I get that but fall always seems to more than divi in lgen,s case. Now is there going to be a year when SP does not follow this pattern? I like others feel in maybe right to sell now and get back in with a lower than divi price. I just feel one year it will trip people up and not fall. Large investors mopping up. Any thoughts? cheers in advance.
Jatw, thanks for your reply.
Although a fund may only have one price, the fund manager will calculate two prices based on whether the daily net investment is positive (a higher price) or negative (a lower price). All customers transacting will get the same price. Hence if you can buy when most are selling and sell when most are buying you will get the best value.
The difference between the two prices can be several percentage points….hence if you see a unit price movement that seems unusually large it is caused by switching to the other type of price.
You will need to look at each fund to see if there is a pattern…..but generally for funds that are in pensions these are more predictable as contributions will come in during the first half of the month from employers and withdrawals will tend to be at the very end of a month to have cash for payment on the first….but each fund will have different patterns of customers.
Overall the buy/sell transactions are designed to balance out so should not make much difference to most people, although some will be lucky and others unlucky.
ZacO, when is the best time to buy funds when it is the next day's price you pay ?
A down day , an up day or does it not matter much ?
When I buy , the price always seems to be higher !!!