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myopicintransige Back to LGEN, does everyone think we've seen the last of the dips to £2.60? I've got tight with adding more having seen so many illogical dips. _____________________________
No idea. Personally I would think it likely only if the market takes a fall. If no fall I would guess at a steady move upwards and based on my first purchase (26/04/2018) followed by steady fall back but not all the way. I am hoping for £3.20 around ex dividend day.....you never know it's been there before.
"....E.g., they have spent money like water in a fuitile attempt to solve a disease problem and nobody seems to care." =================================================== The 'problem' doesn't end there....Boris is behaving like a teenager with a new credit card....life is wonderful, buying presents for everyone because all you do is hand over a bit of plastic and people give you stuff...until the bill arrives on the doormat and reality strikes. People don't seem to realise how much we have spent...and are still spending. I suppose we are in denial.
We'll have to agree to differ. I'm not making a case for Wilson but I think oil was at least a significant factor. A lazy google search tells me that the real price of oil went from $10 to $60 in the decade, and as we're about to see, when transport costs go up, so does everything else. I had the idea the US saw big inflation too, but had no clue the Swiss kept the rate so low.
Back to LGEN, does everyone think we've seen the last of the dips to £2.60? I've got tight with adding more having seen so many illogical dips.
@eccles04 In reference to "Meanwhile over in Switzerland, the highest it ever got to was 4% in 1971" Oil prices would not have had the same effect on the Swiss. The last army cycle regiment didn't disband till 2003. They never bothered with a navy. So hardly a fair comparison!!!
During the the 1970's Harold Wilson's Government managed to get the inflation rate up to well over 10% and for those that remember it was quite dreadful to watch your grocery bill go up week after week, especially if you were a pensioner or on the dole. Meanwhile over in Switzerland, the highest it ever got to was 4% in 1971 and a lot of the time it was around 2.5% so I don't believe it was anything to do with oil. It was in fact down right incompetence and what bothers me is that this present government is also displaying many signs of economic incompetence. E.g., they have spent money like water in a fuitile attempt to solve a disease problem and nobody seems to care.
The last time we had "galloping inflation" was a very long time ago, started by Harold Wilson's government if I recall correctly and slowly crushed by Maggie Thatcher's. Most people today have no idea how evil and destructive it is because they have not experienced it and unfortunately that includes the nincompoops who are currently in charge.
From mister Google What is the current yield on tips? A 30-year TIPS currently has a real yield of -0.28%. Investors interested in inflation protection should buy I Bonds first, up to the $10,000 per person per year limit. Then consider an investment in TIPS.
Inflation is caused by companies charging more for their products. Therefore owning shares is a hedge against Inflation. A simplistic statement as not all companies have pricing power. This company https://www.ejfi.com/ according to their site has 70% of their investment in index linked bonds of small insurance companies and banks. They are not called bonds, the name escapes me at the moment. Dividend is 8% the discount is 20% (its an investment trust). I have yet to do thorough research on it (and probably won't bother). Inflation is transitory simply because we are entering (if we haven't already) a new economic revolution, which includes an agricultural revolution which will probably result in a 40% increase in output with the same amount of land and considerably lower inputs. All a result of AI and Robotics. I have no intentions of changing my investment Strategy based on something that may last a couple of years (inflation). Not one investment trust that I bought during the crash has reduced its dividend all have increased it. I can see no logic in giving up a 10.5% legal and general dividend (for example) for something that pays a paltry interstest rate. No logic whatsoever.
Bananaman. Your investment policy is such that your moniker should be 'bananaskin'. I too enjoy dividends but the name of today's game (and a few tomorrows) is galloping inflation. Invest a large part of your portfolio to take account of that probability and you might be alright from 2023 onwards. I know I am forgoing some jam now but look for inflation protection now. Start with TIPS.
investing for dividends is dead, they're all falling multiples of the divi in the days after the ex date, having been held falsely high going into the ex date, and then today, when there should be a number of re-investments from the divi payments, we fall another 4% .... remind me again what was the divi % ??
only reason i'm still here is cause it hasn't reached my target price and i'm on an average of sub 190
eccles04. These are my thoughts exactly. Very hard to keep a cool head when all around are losing theirs.
So LGEN is the worst in my PF in regards to the highest PE and lowest dividend yield and cover. But today i have witnessed complete and utter madness with MNG, PHNX, DLG. The most attractive to me as a buyer at this point being MNG. 9.15% dividend yield covered by 2.44 times earnings and a PE of 4.5. All this yet there are some thick 5hits selling stock.
WHY WHY WHY. Where are you going to put your capital ? In the bank at 0.01% with inflation at 5%. I have a PF built around dividend now and value stocks. All PE is below 12 and dividend yield average is 7.6%. Minimum cover is 1.2.
Here we go again, there is absolutely no logical reason to swap an appreciating asset (LGEN shares) for a depreciating asset(cash) especially when there are signs of inflation but that is what many investors are doing today. One can only presume that they are unable to think properly as I have often suspected.