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12:56, more than reasonable.
SD235 & others
Sincerely obliged and very grateful for advice and encouragement to just proceed with an ISA. This afternoon I sold some stock (no, not LGEN) at BoS sharedealing. Settlement is the 26th. and hopefully will get this years transaction completed by the end of the month. Many, many thanks, to you all for the comments.
In the crash I remember selling RBS for LGEN. Every time RBS got to about 50p up popped information about Stephen Hester having sold wads of stock so RBS price just went back down the ladder, while at the same time Nigel Lawson was telling everyone who would listen than LGEN had cash, buy here. I'm not the sharpest tool in the box but the right decision was made in the end.
All the best. Good Luck to us All.
MP0818
I don't think Hargreaves Lansdown charge for moving investments. The other broker might.
AB2332
In a Hargreaves Lansdown isa for funds the charge is 0.45% a year upto £200,000. For shares (and some other investments) it is 0.45% BUT with maximum of £45. So once you invest £10,000 you have no more fees. And everything is tax free.
I may move in the future but the area I will be moving to is much more expensive. Need some growth shares. So looking at investment trusts from now on but will keep the legal and general that I bought during the crash. 10.5% dividend is to good to pass up!
Motbuck....totally agree and worth adding that dividends are also tax free. My wife and I have invested maximum allowed each tax year for past eight years plus .
Moving stocks:
I have done this before from IG to HL.
The fees can make it a bit annoying so my approach as to move piece meal over a few months.
I opened the ISA with HL and then as my money built in HL once I had enough to match the stock I held in IG I would sell IG and buy the same in the HL ISA at the same time, minimizing any losses or gains in SP movements.
This is only worth doing if the fees for transferring the stock are more than buying & selling.
Or I think in my case because the stock with IG was outside an ISA I could not transfer shares into an ISA, so I had to buy and sell anyway.
Once I did that the cash in IG I transferred out as per usual and then moved it into HL to buy the next stock.
This only working if your holdings are below the ISA level as clearly there is a cap on how much you can put in and ISA each year.
Really don't understand why anyone owning more than a few grands worth of shares wouldn't have them in an ISA. So easy to set up and operate online and keeping all gains tax free.
AB2332
You should just bite the bullet - open an online account and just transfer the stocks, no need to sell. Yes there will be a fee. Then move them into an ISA. If you have a missus you can transfer some to her, quite cheaply and use her ISA allowance.
ii charge about £120 a year for having an account and allow one commission free trade a month extra trades cost £7.99, peanuts really.
SD235
I don't have a SIPP or an ISA. Long term holdings are with BoS and they would charge fee for their ISA which I wouldn't want to have to pay for when other firms don't charge so I could sell and then wait the three days to release the proceeds which in practice means four or five days before you know the money is available to transfer back to your bank account and then you have the palava of transferring dosh to your preferred buying broker, opening the ISA account and crediting the money and then you see where you are with their online quotes. I'll be leaving LGEN where it is but I may do just that long winded carry on with the other stock that I have at BoS
Of the five other stocks I have three are in blue today and two are in the red. Overall I am up with 4 and down in 2. Of the two in red one is headed for the bin when he reaches the vicinity of what I paid for him providiing I have the patience to do that.
I guess it all depends on why you buy a share.
This was mainly an income share for me so any capital gains are a bonus. Only been holding this about a year so I have made a little on the capital but I'm only expecting 6-7% gains on this from the income each year.
It's hard when you see other shares SP flying up but hindsight is amazing and your odds of buying a high flying capital gains share are lower than buying a share that will fall dramatically. There are more losers than winners in this game.
So having a few steady eddies that you can rely on to generate good income are essential.
For me I have a date in mind when I want to sell up my shares and move into safer income, when I get close to that date I will have a few years either side where I can keep holding my income shares or if they are on a good run , sell and take any capital gains.
So its more important about what will you do with the cash if you sell, rather than I am bored and not excited by the lack of capital growth.
Assuming this stays steady then in 10 years I will have 60% more cash than I started with just from income alone, that is the prize. Trying to time buying and selling to get a 20% shift in a few weeks or months is more for the gamblers and pros.
I don't have the time or expertise to get those results on a consistent level.
I am on an average of 267 in my Sipp (purchased 2018 with dividends reinvested). The 324 was sometime between November 2019 to November 2020. So could only sell the sipp one's at 324. Will sell them this tax year to take out pay no tax and put the money into an isa. Won't buy back as they make up 13% of a 20 share portfolio. To much want to move more money into UK smaller companies for growth now.
SD235 11.13
Good plan. Hope that works the way you want. You'll be kicking yourself that you didn't have the sell and buy back idea at 320p. At least you're not stuck like some folk. 2009 wasn't yesterday and I can't sell and buy back without losing numbers and future dividend, on the buy back. LGEN can really motor when it wants to. Look at the numbers so far today.
2009 I bought three lots. Modest (very) numbers. Two lots in July for 51p and 56p; one in October at 89p. The last purchase was for 136 just to tidy up the figures held. Couldn't replace them at today's prices and surely couldn't replace them at tomorrow's so I'll be sticking as far as LGEN is concerned. (Boo hoo)
You might have a problem if you see Barclay's Broker tip for LGEN which they published last Friday, Overweight ;-
15-Oct-21 New Target 397p Reiteration. (£3.97..... Might as well be £4......Decisions, decisions......)More tea vicar?
:0)
340 would be very nice for my 166p purchase in march 2020. Need to move it into an isa. Sell and buy back preferably at a lower price.....hopefully!
As its previous high was 320p there's a fair chance of 340 in the not to distant future.
"(Sharecast News) - Analysts at Liberum upgraded their recommendation for shares of Legal&General from ´hold´to ´buy, telling clients that it was the European insurer offering the most synergies thanks to its competitive advantage in annuities and asset management.
And after examining the assets, they concluded that there was far less risk than consensus presumed.
Furthermore, impending capital reform was set to reduce volatility.
So with less risk than implied by consensus prices, 23% upside and a 7% yield they decided to upgrade the shares and raise their target price from 290.0p to 340.0p."
(LGEN News, Thursday, 21st. October - Jefferies upgrades Legal & General to buy, says consensus overestimates risks. )
And you can reduce your broker fees to under £6 a pop by doing so online . Execution only share dealing, no advice, annual fee or that, just the buy/sell, British firm in Kent.
Good Luck to us all.
"Medium term growth: ambitious and deliverable.
1. Cash and capital generation significantly to exceed dividends (we intend to generate £8.0bn - £9.0bn of both cash and capital, and to pay dividends of £5.6bn - £5.9bn).[30]
2. Earnings per Share to grow faster than dividends, with the dividend growing at low to mid-single digits from 2021.
3. Net capital surplus generation (i.e. including new business strain) to exceed dividends."
(from LGEN 4th. Aug., 2021 - Half Year Results Part1 - Outlook.)
Thanks, where did that data originate from?
robleo Wednesday 21.30
I don't trade in and out. Not sold an LGEN share (I have a few thousand but not lot of them) since 2009 and I think we will all see a slight difference in share price behaviour in future with a new tweak in emphasis. We should break out from the £3 a share barrier shortly as more capital growth is determined upon.
"Medium term growth: ambitious and deliverable.
1. Cash and capital generation significantly to exceed dividends (we intend to generate £8.0bn - £9.0bn of both cash and capital, and to pay dividends of £5.6bn - £5.9bn).[30]
2. Earnings per Share to grow faster than dividends, with the dividend growing at low to mid-single digits from 2021.
3. Net capital surplus generation (i.e. including new business strain) to exceed dividends." (from LGEN 4th. Aug., 2021 - Half Year Results Part1 - Outlook.)
So there should be more progress in the shares to look forward to than just the familiar up and down carry on. I think folk should try and hold what they have
All the best to you and yours. Good Luck.
I just looked at the spread 0.07% I wonder if this is part of the reason ie people etc trading in and out? The tax and the stock brokers fees would exclude me from doing so. The stock brokers fees would be % wise very small for the bigger players.
Just a thought.
Ab2332 well done for picking that winner, always great to see a share going up after buying, for me it's been a case of any good ones are just helping to make up for losses on the bad ones, which have been doing well in the past, but on the whole my portfolio is making very little gains, hopefully they will all come good again, but it's anybodys guess when that will happen
Best of luck
Buying opportunities & adding more positions on the dips.
Strong support 268/80p
ATB
Yes. Same here. robleo Not a lot to shout about unless it is down ....!
I did buy some Serica (SQZ) in April at just over the £1 each - bought some more a fortnight ago just over £2 each. They now have a dividend payable September 3.5p was the latest and only the second payment ever. Turn of this year 2021/22 BP relinquishes all entitlement to their interest in stocks now owned by Serica, so in theory, they should still have a bucket of "go" to push on into the New Year. SQZ make their money from oil and gas - mostly gas. North Sea. No debt. Money in the bank. Prudent board. Drilling prospects .... (stop dribbling). Worth a punt I'd say but then I'm no expert, etc. etc.
God Bless and Good Luck to us all.
I don't know about you guys, but most of my shares sre just the same, up down, but not making any progress