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I sold two large holdings. One lot the day before the results and the second lot on the day of results. I couldn't not take my over £20K profit. Of course I immediately regretted my decision when they headed toward the £5 mark. If I had waited there was another £9k to be had. Lots of people decided to wait until before they went ex-div, knowing that they would fall back on the ex-div date by the dividend amount plus more. This has happened. I have put them back on my radar but only if they drop below £4.40. My plan would be to try and make 20p per share and then get out. At the moment my funds are in Taylor Wimpey and Haleon.....hoping for a 10p profit per share.
I was feeling really confident that this would pass the 5p mark before the dividend qualifying date. The results were excellent and the outlook even better. The share price was riding the crest of a wave, kept up momentum to 499p. But it fell a bit before the ex dividend date and again after it. Seems to be struggling to climb right now.
Where do you see this heading short/medium term? I’m apprehensive to be honest. It seems to be kicking off in the Middle East which will no doubt hurt the markets. The FTSE is very high right now, I can’t see it rising much further. There are no dividends for a while now, I’m thinking maybe to exit for the time being and jump back in when things seem a bit calmer. What are others doing?
Im adding monday before its back to 5 pounds
NICK1234
It's almost like people have different risk tolerances and investment timescales. It's his money, he can invest it entirely how he wants.
Yes of course we are all different, this is not a one size fits all
for anyone wanting to sell they will want to share price to rise now, for myself i am quite happy to see this drop until i have reinvested the dividends, and should it drop back to under £4 will add more
quite happy to be holding this one in my sipp along with lgen and mng, some other shares i hold i will be glad to get rid of
just my personal opinion of course
gla
Excellent move, me too.
gla.
Added, small.
My Grandfather was a rest hoot.He used to back small amounts everyday for years with his morning ritual of expert perusing of the nags column in his daily mirror.
Grandad would now and then ( very rare occasions) gloat of a fiver winnings.
He never disclosed his many losers.
Bless the feller.
Probably a few like him on here.
Two points,
The ex-dividend date, or ex-div. date, marks the cut off point for shareholders to be credited a pending dividend. To receive the dividend, shareholders must have bought the stock before the ex-dividend date.
If you sell the day before the ex-div. you do not get the dividend.
If you sell ex-div. the day when the share normally drops you get the dividend.
To buy back shares one has to pay the 0.5% stamp duty (except for AIM stocks) plus buy/sell margin plus a trade cost(?). For 1000 Aviva shares this could be approximately 4 to 5pence depending on your 'trade cost'. Shares do not always drop the amount of the dividend plus 5p.
If you intend to keep the share why bother, you are only giving money to the brokers and the UK Government. You might win but you might lose!
CHAT
Oiled-up today: "I sold at 498p".
Oiled-up on 22nd March: "NO ONE IS INTERESTED IN WHAT STOCK YOU HAVE SOLD TODAY !"
Oiled-up re Amanda Blanc: "...Amanda the man hater....."
Another knob-ette on the bullet-in board. I bet he thought he was always the best person for the job!
It's almost like people have different risk tolerances and investment timescales. It's his money, he can invest it entirely how he wants.
This place is like FB, full or morons. Who cares , how you make your money, no one right or wrong. If you trade or take dividends, it your investment. own it. Oiled-up, stfu, filtered.
Tinker..
No on the contrary, my glass is overflowing…
I sold @498 and not in a rush to buy back in.
Why o why would I be feeling negative ..?
I completely understand not everyone wants to trade the share , but it’s difficult to understand a “Dude’s” perspective and a fools reasoning..!
Aviva is a great trading stock and quite predictable, each ex dividend it drops more than the value of the dividend, so it makes sense “to me “to trade and make more profit trading from the isa account …
Is that glass half empty..?
You clueless fool,
You have just lost nearly a whole year’s dividend in one day, and you're spouting BS saying the share price will be back to £5 in no time…!
Well done, your line is the preferred way to not make the most of YOUR money… !
If that’s the goal, you win…
Ftse up 67 pips, Aviva up 1.5 pence, so almost at £5 already…🤣😂🤩🤣😊….Fool.
Interesting to see the market reaction to XD day for a variety of traditional income shares.
Think the evidence is all there that at present share prices for traditional dividend payers doesn't move much (in fact most have fallen over the last 5 years).
More and more investors seem to think that the best way to make money is no longer hold and wait for the dividends but to get a bit more active with the buys and sells.
As an example, I missed out on a 22p Aviva dividend but sold at 496 a week or so ago and bought back in yesterday at 460 - so 50% more than the dividend alone. See my post of 10 April so it's not hindsight trading.
Think this explains why the price immediately before XD day no longer rises as much as it used to (lots of sellers in the run up to XD).
Is buy and hold dead? I think with FTSE now only back at levels from 5 years ago it might be (I know we've had COVID, Ukraine and high interest rates on savings). You might need to think / deal accordingly!
Oiled-up,
I think you must be of the “glass half-empty” frame of mind. I tend to think the other way. I think of the SP growing over the year in anticipation of the divi payouts, 22p in May and 11p in September. I have no problem with SP dropping back by those amounts each time.
I don’t expect capital growth AND high divis. As it is, my average is about 380 so 33p a year is over 8%. What’s not to like?
T
You have been moaning on this board for ages, if we had followed your “predictions”, the SP should be around 200 or perhaps AV going bust or other BS you spitting on here. I prefer my line 😃… dude
“Naa dude”….FFS..!
“Peeps” has just lost over 40 pence a share in a day and you’re Happy with 22.3 pence..
Great investment Dude…
This year, Aviva burning 5/6 million a day on buybacks that can’t keep the price @£5 so now they have paid out millions to shareholders you think it’s going to go back to £5 in no time…🙈… 300 million for buybacks from the 8th of March and now over half way through the 300 million, meaning you think 150 +/- million is going to bring this stock back to £5..?
No one’s that stupid … Dude..!
But not to worry you have 8 other Recommend’s that don’t have a clue either.
This often happens , will start to rise now people seeing a bargain folowing the drop
short term 550
Was not on the case when this went ax-div otherwise would have sold beforehand as this was bound to happen. Always drops more than the dividend. Suspect it will re-rate down a quite a bit now wiping out a lot of the recent weeks' gains.
Oversold
I’ve topped-up slightly on the fall. I’ve found in the past that where the divi drop is bigger than the actual amount of the divi then there is usually a correction within a short time. Divi payment date usually sees a rise with people using the divi money to reinvest. I’m not worried about this one.
T
Orbi
The clue is in the name "ex div" ie you buy the share exclusive of entitlement to the dividend declared. That is why the SP falls as it is assumed
the company's value is now reduced by the amount of the dividend they are due to pay out.
Hope this helps
Orbi - if you’re not sure whether you get a dividend buying on ex dividend day it’s probably best to do a little research begire you spend any money.
The stock market exists to separate stupid people from their money…….
Thanks
No , its too late but if you buy now you buy at cheaper price than at yesterdays price.