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Well that's it sold all my legal and general shares in my sipp. Not big profit some I have had since 2018 some I bought recently. Throw in the dividends I am reasonably well off. Still have the ones I bought at 166. I intend on keeping them as the dividend is just to good.
I bought Georgia capital!!! With the proceeds!!
Almost went straight into profit. Here's hoping I haven't boobed!
Okay not big fall in the market and not a big rise in Legal and general's share price but maybe it won't follow the FTSE 100 for once
Or profits
Tom78
"Lgen follows the ftse250 more as it is more of a domestic stock tied to sterling. Sterling is getting trashed dragging a lot of domestic shares down."
Because its a domestic stock doesn't mean it follows the 250. Furthermore why would it go down Because the £ has gone down?
The £ going down means UK exports are cheaper and imports are more expensive.
Not that that has any effect on Legal and general share price.
Lgen follows the ftse250 more as it is more of a domestic stock tied to sterling. Sterling is getting trashed dragging a lot of domestic shares down.
yep, I said we would see the 250's again and that seems likely.
As usual falling further than the market. I suspect the 1.5 beta is correct. I assume the market will wake up but not untill it has fallen further than the market. Annoying.
Yes soton, i agree, but this is my second largest holding next to Lloyds, right now lgen and aviva are the only two shares showing a good profit as well as paying good dividends, i have a few that float in and out of profit and a cple i wish i had never set eyes on, everyone's circumstances are different as we have established here, but when you get to retirement age like myself, it's a case of holding on to the ones that are looking after me, and concentrate on the under performers
GLA, hope we all have a good week
Rob Dan Gary just logged on yep like VOD but with no Mikey......Just wish i had put more money in here has been an excellent investment so far along with AV both have been good to me just hope the VOD comes good at some stage....
Blimey Rob & dan it's like a school (VOD) reunion here except LGEN as far as I am concerned is a better bet than the aforementioned telecom giant. That's not to say I don't miss owning some VODers though, never say never.
Please no-one tell Mikey we are all over here I don't think my nerves could handle it, ha!
Dan, i know you was only joking but everyone loves the ceo here mate
Rzez, yes of course the choice is yours, and everyone should do what's best for them
fwiw, i think both dlg and lgen have a lot more to give, nobody know whether you will be able to buy back a lot cheaper or not, it's all a gamble but good luck
Cheers rob, He does own one vod share though, so I am thinking of buying one L&G share, so I can come on here demanding the L&G , C.E.O. is sacked!
I took the chance to sell the trench I'd purchased at 2.42* and made a bit of money. But also have a lot more I didn't sell that now has an average of 2.80*. Which although much higher om happy to keep to collect the divi's. Its also allowed me to free up some cash incase the market continues to drop into next year.
I also did similar with DLG and that didn't pay off as well. Though I did still make profit and released funds. I could have made more by holding on until after ex div.
There's no mystic ball. All you can do is do what's best for you in your situation. I wanted to free up some cash incase the market drops out as the BoE raises interest rates higher into next year and people really start to feel the pinch with inflation and energy price rises combined.
Then again everything could sky rocket and my free cash becomes more worthless.
The choice is yours ;)
Hi Dan it's laughable mate, everyone knows he has sold all of his shares, and he is just so false pretending he wants it to go up, but have never seen him so happy posting his crap all week without anyone saying anything, just waiting it out until he gets bored lol
to be fair there is nothing going on with vod at the moment, let's hope we get some sort of good news to get it going again, just gone exdiv here on lgen so understandably taken a bit of a drop, no idea what will happen to the share prices in the winter, but hopefully all the dividends will keep coming in
good luck mate
Hello robleo. I hope you don't mind a non l & g investor posting on here, but just thought I would say hello & good luck to you on here , as the vod forum has been taken over by Mikey, just talking to himself. 5 posts on the trot! Hi to all other vod investors as well who have given up on the vod (Mikey) forum.
It's about risk and reward. The SP rising so quickly over the last 2 weeks leading up to the ex-div date gave an opportunity with little risk (IMO) to sell some shares and bank profits and/or re-purchase at a lower price. At 285p it was near post-pandemic highs, talk of a recession in next 2 quarters could dampen SP (of all shares) and (for me) the cherry on the cake was the Jefferies target upgrade, pointing to a ramping of the SP prior to ex-div date........or perhaps it was just one of those things!!!.....but still a relatively risk free transaction (IMO).
The danger is that 'something' happens to boost market sentiment, say the war ending, and one is left holding the baby.....which would be an unknowable risk....unless one had contact with one of Putin's cronies.
If it worked every time we'd all be millionaires, well we wouldn't because some people would notice and react accordingly to exploit our exploit!
well please let us know if you get that crystal ball working, then you can tell us all what to do come next exdiv, seriously though, i can point you to a poster on dlg who sold the day before exdiv about a week ago hoping to buy back cheaper, but it only dropped by 2p and he was regretting it, taking into account the charges it needs to be a good drop to make it worth while, sometimes it pays off sometimes it doesn't
I did the math on the close price yesterday, and the close price today, and i'd have had a >40% higher return if i'd sold yesterday before close and bought back today before close {frown}
Likewise Gary, those dividends are great for topping up pension income or you can reinvest them, alternatively you could put your money into a growth stock that may of course do a nose dive, and you will have no income while you are trying to recover your lost capital
The choice is yours of course
"Remind me why.....anyone bothers holding a share for dividend purposes ?" I bet this poster is of the younger generation & yes Baldeagle is right different people have different strategies.
FWIW I am 63 & with Mrs G we have an ISA pot of just over 200K which we intend to use to buy dividend paying stocks to generate a tax free burst to our pensions. Half of the money is already invested in funds where it will stay & the remainder is just sat there & will be buying individual stocks such as LGEN when we are happy with the share prices. Going back to the original question this is the reason why we will be holding for dividend purposes, it suits us at our time of life. (The plan is to spend no more than 7.5K on any one stock so as to give us a bit of diversification. GL All.
On a more positive note we could break 300p before the next divi..
I don't think it'll drift as much as last time as we've had some upgrades since the last divi payment.. and the company has put an slightly upbeat statement out..Dyor.. as nothing is garunteed in life. Besides taxes lol
As I have said before they have a tendency to drift post dividend. That's why I set a greedy price to sell last night. 290, to greedy. I would not be surprised if they drifted down further. Hopefully not as I am considering selling those in my SIPP.
Purely others selling now that they've bagged the Divi.. think if someone bought at 240 250 260 they might think I've bagged the divi. And this might be a good point to exit with further profit.. last divi the SP eventually dropped to 240 from roughly 278... IMHO I don't see that happening again. But It don't mean it won't....