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SD. Wouldn't say coward ?? The bell end comment is to the author of the article. Don't take things so personally. Touched a nerve I guess.
Diversification. Got plenty thanks. I won't go in to detail.
Life's too short to argue on the LSE discussion board. Best of luck with your investment strategy. Each to their own. Opinions will always vary.
Bannanaman2
No wonder you gobbed it off 4 insurance companies. Not a fan of diversification!
"Not concerned about growth " obviously not IMB down 67% over 5 years. They can't fall any further though, that's just not possible!!
Nick1234 the interim is to small to have a significant effect on the share price. If there's any rise it will be because they are cheap.
On the other hand the final dividend could create a decent rise followed by a decent fall. Will consider selling prior to that and buying back the ones I paid 166p for. Buying them back in an isa. At least covering my costs. The ones in my sipp (267p) will sell and set a silly buy back price. Not sure I want them. 13% of 20 share portfolio. To much.
@Bannaman2
"What, all of them ? There are some very strange people about. What would we do if insurance companies went 'belly up?
Don't be such a bell end"
Wow what a gob ****e. There's always someone like you on every site. The brave man behind a computer but in real life a coward.
I have said nothing that implies I agree with him. Also he is talking about assets that insurance companies hold or to be more precise the annuities they sell.
Try not to gob it off from behind a computer screen as it says a lot about you.
I've been buying DLG, PHNX, IMB and MNG for the divi. Managed to find some cash to add to my holdings. LGEN is my smallest (around 25% in size of the others) but now is my primary target for adding. Don't want to overexpose myself elsewhere. Looking for dividends and not so concerned about huge capital growth. Seeing PEs in single digits of all the mentioned stocks. Dividends all above 7% with LGEN approaching that. Divi cover is also important and all have greater than 1 with MNG, PHNX and IMB closer to 2 which indicates they are not borrowing capital to pay a consistent dividend.
Agreed I have a purchase order set for 250. If it gets to that level I'm averaging down as its too good not to miss imho
I'm hoping the weakness continues. The cheaper this goes, the bigger the bargain. Hopefully can touch 7% yield. Anything below 250 will be heavily bought.
I'm hoping the SP will turn a corner in July ahead of the interim results on 4 August and going ex-divi on 14 August.
dividend yield is looking very good now
What, all of them ? There are some very strange people about. What would we do if insurance companies went 'belly up?
Don't be such a bell end
The way the SP's been going the process has already started! Seriously though, as a previous postee recently mentioned, L&G is so much more than an Insurance business.
Opps missed the main point they will go belly up.
Interesting podcast on citywire.
Somewhere around half way through he says that Insurance companies (more to do with the likes of legal and general type of insurance companies)
https://citywire.co.uk/investment-trust-insider/news/gavekal-when-money-becomes-spending-coupons/a1521731?ref=investment-trust-insider-latest-news-list
Have added some more to SIPP, can't resist at 258.5
Very tempted at BARC as well
Gla
It's not really an insurance company anymore , I don't count life assurance which is really a kind of savings exercise and the rest of their business is pensions and the like so where else can you get a 6.5% return from a rock solid investment vehicle?
I agree that we might get a 5p dividend declared in August and added to the final of 12.64p paid on 27 May this would equate to an annual yield of 6.6% at today's price of £2.65.
MRmaths
The last 2 interim dividends were 4.93p
From legal and general:- "From 2021 the dividend is projected to grow by low-to-mid single digits"
I might be being hopeful on 5% but holding at 4.93 is not on the books. Nor I think is anything below 4%
Gwm121
A suggestion an income equity investment trust. Look for ones with decent dividend reserve.
Henderson far East income Trust trades on a staggering 7.14% dividend. You wouldn't find a uk one with that sort of dividend AND a little bit of share price growth. Only 15% over 5 years but a decent dividend will normally mean a negative share price over 5 years and fall in NAV as well. They will also trade at a discount. Henderson far East income Trust trades at a premium.
Not great choice for growth but good for dividends.
I noticed recently it had added a vinacapital Vietnam Opportunity Fund (an investment trust) to it's top 10 portfolio. Only pays a 2% dividend (out of capital) so possibly looking for some growth.
I bought on 8.3% dividend but didn't load up on them due to their holding in China.
Katenip note patyc choice of investments "I'm looking at LGEN and IMB to replace the 30k I had in Glaxo."
IMB HAS 8.3% dividend a product of a 6.14 p/e. Entirely due to it's ESG or lack of it. Once recognised legal and generals ESG will send its share price higher. The main thing holding it back is that its an insurance company. Who doesn't hate insurance companies?
"Please can you explain .. likely dividend impact of 2%.. thankyou."
The next dividend will be declared on 4th August and is very likely to be of the order of 4.93p, possibly slightly more, if their dividend follows the previous pattern. Now 4.93 (dividend)/262.8 (current SP) is about 1.88%.
Gwm12
I held GSK but sold out on Tuesday.. don't like the way that was heading.
I'm looking at LGEN and IMB to replace the 30k I had in Glaxo.
MR MATH
Please can you explain .. likely dividend impact of 2%.. thankyou.
I keep getting hit with dividend cuts on my large ftsie companies, Glaxo will be the next, one third down.
So im buying mining stocks gold silver copper, the divis are typically 4 to 6pc, and IF !!!!! inflation takes off gold will protect well.
Im looking at lgen to diversify, and watching the price retrrace at the moment, seemingly no one knows why.
Id apprecaite a candid overview from one of the board experts, is this a nice stable household company which will have an advantage if inflation kicks in or interest rates rise, is the divi safe/rising ... opinion only not advise of course.
I am now feeling much better falky. Thank you very much for your comforting prediction..........lol
@MrMath " albeit with a likely dividend impact of just under 2%."
So you are suggesting a 2% increase in dividends?
"Dividend impact" ?
Either way I think I predicted 5.1% if its only 2%, then the share will fall a lot more than it would have done by going ex dividend.
"I still see the sp goes lower than 260p"
Don't see this going much lower, as it's already quite low already and a lot are in this for the dividend, the next of which will go Ex-divi in just under 7 weeks times albeit with a likely dividend impact of just under 2%.