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Definitely agree MrMath, I didn't invest to make a short term gain but to get a medium term return better than the banks will pay, i.e. around 20% over the last three years and more to come no doubt. On that basis, I simply don't care what "the market" does.
"all I care about is divi payment year as larger than my losses"
Same here, my capital is down but I'm still well in profit when one includes the dividend payments over the years. And that's why I bought this share and why I bought more yesterday. Don't fret about the short term. That said, I do think LGEN will be back over £3 by the end of the year.
Wow pre divi gift time, unbelievable opertunity to stack up on this lovely divi share, long term heaven and short time hell for some i guess.. all I care about is divi payment year as larger than my losses ..
Yes Optimus looks a good time to buy to trade in this turmoil , bear market ........Gla
Crikey I'm a bit less optimistic than you Optimus or is that pessimistic?
My buy in price here is £2.12 & £3.72 for AV.
They can rise after they get there, good luck all.
Ive picked up some at just a tad over 2.35 ... Hopefully it will go north now. If not look for 2.28 ish to buy again
R.i.p sd235, he should have called the Samaritans
We will just have to wait patiently to see if the share price will rise or fall, and collect the dividend income while waiting
Robelo
"Talking of nice posters guys, i hope sd235 knew i was joking about pulling that trigger ?"
BANG!!
We seem to be in a tight range centred around today's price.
Talking of nice posters guys, i hope sd235 knew i was joking about pulling that trigger ?
Or Lloyds if you want to here the rabble , not all though.
check out POLY and JRS for the real crazies
I second your comments Optimus, a pleasure and of great interest reading opinions on this message board.
By contrast try Boohoo to see how awful some message boards can be.. ITV are also often just nasty.
Nice to be on a chat board where people can have a pleasant exchange of ideas and information.
Good luck all
I have to agree with all of that, i am holding some cash on my account for a while, as I'm anticipating further drops, not just with lgen but most of my shares, there's nothing we can do about the current situation, other than trying to top up at a discount price and trying to lessen the impact
Hi... zac0_4 I don't disagree with any thing you have said and well done for your gains on LGEN and BP.
I think the point that Seaking1 was making and what I tried to make but not very successfully in my earlier post. Is that if this is a bear market with many indicators pointing to that,such as High inflation, interest rates going up, possibility of a recession indices tumbling.
A deal of caution should be exercised with our cash that is sat in our portfolios. Bear markets in the past have shown to have some wild swings . EG shooting up one day and dropping the next..... Holding cash in a P/F is a position in itself
Optimus - "Everything is about what you paid for a share . . . "
Not necessarily, although a good buy price is certainly advantageous! I first bought in here in 2015 and have added to my holding many times. My average buy price is £2.42. So, currently, no return from capital appreciation. However, to date I've received dividend income to the value of 41% of my investment cost. I'm ok with that.
My holding in BP is 13% down capital wise, but again as a long term holder I've received dividends worth 28% of my investment so overall a 15% return.
A good buy price helps, as you say, but for dividend paying holdings time and patience are critical factors.
Seaking1... Ive always been a big supporter of this share but to be fair i agree with you, we are in a bear market and this could drop another 15% Looking at the chart, next support is 2.35 then 2.28.
Everything is about what you paid for a share, if you were in this around the 2.85 /2.90 mark the dividends are not enough if it drops and doesn't recover . Conversely if you are buying in now or lower then its a much better bet. Have a plan and a mental stop loss is my view
Sd, just do it mate, you know things can get a lot worse lol
So no comments on my posts. Your heartless the lot of you!!
Seaking1, this one had it's stress test during the Pandemic, and you know what, it payed out the full dividend all the way through and soon got back up to £3, my Lloyds shares paid me zero dividends and the share price is still nowhere near pre Pandemic price, the choice is yours ?
Stay cool brother don't know what your average is here but the divi is excellent so just sit tight unless you need to sale
And cut the barrel down as i couldn't reach the trigger with my finger.
I have already bought a shotgun
Maybe more