The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I agree that nationalisation has a bad track record but maybe it's time to have another bash.
I see no logic in buying my energy from a company that doesn't actually produce it after using a comparison site that adds 20% on to the price.
The **** in my last message below is Pack for the country next to India. Quite discriminatory being prevented from inserting a full country name, why not have ****ain or ***any, etc...
Bad Credit ratings can mean no more loans from banks, no more credit card, no more non-prepay bills, etc... Okay if one has no mortgage and doesn't mind paying up front for everything !! Agree that loans can be source of poverty unless for business where cost of loan is less than returns from what it is used for. Re Nationalisation: Govts have a very bad track record of running businesses as their financial control is sloppy, public service unions take undue advantage, they lack and usually cannot attract the right expertise. Sri Lanka and ****stan are two great current examples where Govts have meddled in their country's utilities and bankrupted their country.
A bad credit rating is probably no bad thing, borrowing is often the source of poverty.
Nationalise the energy industry, the only sensible option, cuts out all the middlemen and their profits.
No so easy as you might imagine. You have to gain entry. With an underground supply the cable has to be traced, excavated off the property, cut using Live techniques and the pavement reinstated. An expensive operation, always assuming the cable is not a shared supply.
From a retired former cable jointer.
I hope these customers really understand the effects of being cutoff, prosecuted and getting a bad credit rating !!!
Nice to see that following dividend paid (60p) the share price dropped back to below 16.90 from 17.80. However, only days later we have recovered and now heading towards £18.
r1234, a 4% div on sp of £15 + a growth extra amount also a possibility. So current sp maybe not unreasonable as the Nov21 RNS indicates 'growth-enabling dividend'.
I thought it’ll only go down 60 p from 1780, I’m tempted too, if it gets closer to the 16 mark . Gl
I'm getting really tempted to add.
It is a general statement, there will obviously be exceptions.
If you know something the market doesn't then yes you should invest but generally you are better buying shares with positive momentum than negative.
A better example of sp declining because of outside events is Rolls Royce. In 2013 was a £12 share, fell to about £6 beginning of 2020 because of too many factors to list, and is now a 80p share because of Covid. We still have not reached 'safery zone' with cv19 yet, mainly because of many people not getting vaccine. However, RR. is still the same company as in 2019, with a few more profit enhancing products. Passenger numbers will return to pre-pandemic numbers, and possibly LHR will change it's management to people who know what they are doing. Many RR. S/H did not sell all their holdings post pandemic, and many bought on the way down £4, 3, 2 1. I'm sure many have 'av, down' at present sp. It can't be a gamble?, can it?
OWLS.
'Averaging down is not a good strategy, what is falling tends to continue falling.'
First, the second part of your comment is obviously not true in the majority of cases. eg. SSE fell from over £19 on MaY 23 To under £16 mid June. It has now risen to mid £17. We are invested here because we believe the sp will go considerably N of its present value. Shares never go up in straight lines, and rarely fall to bankruptcy in straight lines.
'Averaging down' is well understood, but has to be done with caution. It is normally used when sp's fall due to events outside of companies control, eg. falls in sp of mfg companies because of supply problems caused by war in Ukraine. At some point in the future, the problem will be resolved. Av. down when falls are because of companies poor policies problematic, but can be good choice if management is changed. Investing is not easy.
Averaging down is not a good strategy, what is falling tends to continue falling.
From the RNS 17/11/21 Net Zero Acceleration Programme
"Growth-enabling dividend, paying at least £3.50 per share across the five years, comprising:
o completion of current RPI linked dividend plan to March 2023
o followed by a rebased dividend to 60p in 23/24 with attractive annual growth of at least 5% to March 2026"
Since that RNS I've expected the share price to tumble, but it seems to be defying gravity. If I understand that correctly, that the annual dividend will be reduced to 60p, I'd expect the SP to be around the 1200p level (giving 5% yield). The current SP says I have it wrong. The SP was around 1650 at the time of the RNS. I'm on the side, waiting to see how it pans out, the rise to 1900 gave me pause for thought.
I can’t get my head around the price action currently… my bet is we’re closer to 1800 next week, might be wrong.. GLA
''If it drops a bit further towards 1600s range then might be worth selling some other shares to Average down again in anticipation of some minor extra profit.'' I had that theory with BP 3 years ago,followed it up and ended with a financial ''cluster ***k'' which I am slowly getting out of.
''If it drops a bit further towards 1600s range then might be worth selling some other shares to Average down again in anticipation of some minor extra profit.'' I had that theory with BP 3 years ago,followed it up and ended with a financial ''cluster ***k'' which I am slowly getting out of.
Yep. I've averaged down in the hope to 'recover' some ground, especially mon-tue.
If it drops a bit further towards 1600s range then might be worth selling some other shares to Average down again in anticipation of some minor extra profit.
So GLA
Next week will be interesting, especially the 27th… I do T see the reason for the fall… probably because I topped up! lol
Well,
Any further drop and my Dividends will be all but swallowed up in the post ex-div SP drop.
So much for seeing SSE as a stable share in times like these.
I suspect this is heading down to 1600 level.... but haven't a clue why. SSE is slightly ahead of expectations, developing more capacity and fully covered by the market/political hunger for renewables and electrical energy.
Just so damned ...... sob sob sob
Agreed, currently my gut feeling is over 1800 on the 27th , but doesn’t matter really as I’m long term. As what’s been said previously, lots in the pipe here
DITTO.
Wasn't expecting such a drop to be honest this close to Ex-Div date.
Also highly unexpcted because of the decent RNS.
Perhaps people got in much earlier for the Div rise and taking their profit before the ex-div. Only makes sense if your profit decently exceed the 5% div though :-)
I usually thought shares rise up until the ex div date? Maybe I’m wrong . GLA
I agree, I’m hoping for 1860 before ex divi date.
GLA