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Yes very pleased to see this hit the 220 so soon after xdiv, onwards and upwards hopefully, i also have lgen and mng plus aviv/vod/lloyds and today persimmoon, i have to say lgen has always been my favourite and most reliable share out of them all. i have no idea what will happen to the share prices this winter, it's a case of try and prepare for the worst and hope for the best, but if the dividend payments hold up, at least there will be income coming in while waiting for recovery
good luck all
Well 220 at last. Let’s see if it can stay above next week and move up. Good to see especially as we’re x-div.
I look at it this way, I held and added through a pandemic, so I’ll just do the same through is period. I know you can sell and buy back lower (stress bottom finding), but on div shares it’s long term so I’ll add here and L&G, M&G on any drops.
I was hoping that it would break the 220 mark today and stay above it! As you say it will be interesting to see what happens prior to next x-div.
Yes the winter will be a test on how well these shares can hold up for sure, but if the share prices drop then getting the dividends flowing in will be more important than ever, until hopefully the share price will eventually recover, if they ever do that is lol, just makes you wonder what can happen next, will be interesting to see how much this can rise before next exdiv, impressed with the way it's making small gains so far, hopefully the increased premiums are working
GLA
Yep DLG holding up well at the moment (kiss of death!). CPI figure over 10%, how the news channels just jump on it. It’s like it wasn’t known. Yes energy prices are and will be the biggest impact going into winter. On a personal note, I went against Martin Lewis and locked in my energy rate for two years, so ok until Oct 23. Hope it’s sorted by then as I’ll be in for a very big shock.
A lot of shares got knocked down today on inflation news, but dlg holding up well which was reassuring
thriller, well you could possibly be right about that, on the other hand it could continue rising from here and you will have missed out, but that's a decision everyone has to make for themselves of course
cheers and GL
Morbox, i agree think this has a lot more to give from the current sp and good dividends while we wait, think at this price it's time to buy not sell
IMHO
Yes i think stocks in general will drop could take months but it will happen
Robleo, reached my 219 tranche, but decided to keep it. What’s point in chasing the rainbow. I feel 219 is still cheap and by March, I’ll be kicking myself for selling. My next buy tranche was 252, so will reassess around that point. Looking forward to the divs soon!
Sorry wrong shares
Anyone have an idea or prediction on the dividend, fingers crossed for $2.00 -$2.50
The best play on this stock was to load up at 188-200p hold for divi and sell when we hit 240, or accumulate more if we go lower than 188
thriller40 RE: You will have plenty of time to buy back in during the recession at a cheaper rate
I thought we were already at recession price ? as they have upped their premiums by 15% to account for inflation and insurance is an essential product, are you saying you think this is going to drop a lot further ?
cheers
Thanks everyone for the encouraging words hopefully thing’s will turn good in the end
velladean, your not alone, we have all been there mate, and you know what they say for every winner there's a loser, but only you can decide which way you think this will go
best of luck
You will have plenty of time to buy back in during the ressesion at a cheaper rate
Wouldn’t to hard velladean,
US inflation figs of 8.5% likely saved the drop. No one expected that to land when it did. Softer numbers would lift the sp as higher inflation is what floored DLG recently
Main thing is you haven’t lost money.
If you are a longer term holder then I wouldn’t bother with trading the divi. If however you are trading then it’s an obvious inflexion point. You can of course do half and half as I do on many stocks.
Good luck with your investments
Usual caveats
Trek
Thought I would be clever Brought the share at a lot higher price so I thought I would sell them before ex dividend date, got very close to the highest price. Then I would buy back the share after the drop which never came, now do I bite the bullet and buy back now or hope the price comes down in the coming weeks/months Because very one needs insurance and the dividend is good. Lesson learnt the hard way
I'm in full agreement - I've seen people who do well with one trade, up a huge percentage, but then it all goes on another trade and then it's down a similar amount so back to square one. I would argue at least *some* kind of strategy is needed, and it looks like mine may have similarities to yours. I attempt to accumulate mainly high yielding 'solid company' shares when there is a buying opportunity, with the intention to hold for a long time. Any dividends get re-invested coupled with some monthly money I put aside. I do have a few more speculative investments, which may or may not succeed. However if they do, the returns can be decent and plenty of that money is put back into the "safer" high yielders with hopefully some left over to take some little chances here and there!
Picking up DLG in the 11 & 12% dividend bracket was definitely an opportunity - we don't know how it will pan out , but I am hopeful that margins will be restored and the dividend can be maintained.
Loggy, the way i see this, is i am expecting growth from the current sp and also it's paying a good dividend, maybe not guaranteed but what is ? if i was to sell up now which would be at a bit of a loss and then bought another share, what's to say that other share will not drop in price and lose me a lot more money, the frequent buying and selling is a mugs game and the chances are you will lose unless you a pro or very very good, trying to time the market has not been a great success for me, keeping it simple and pooling dividends together for buying opportunity's has been giving me the best outcome
but I'm no expert and not everyone will agree with me of course, some of my other shares have had good results this week, lgen-aviva-mng, so far dlg has been the weakest link, but we know the reasons for that and hopefully it will sort itself out once inflation adjustments have taken effect, very pleased with the low drop today, but tomorrows another day
GLA
Hi loggy, yes that all makes a lot of sense phew lol, as long as those dividends keep flowing i will wait for this to go back to £3 ok may have to wait a while, but still getting good dividends for waiting
Best of luck
Hi Robleo, I have my DLG shares in my long term 'divi' ISA where the trading costs are £10 ( don't particularly use that account to do any trading), so that cost usually focusses the mind - meaning I need a really decent reason to 'change horses' !
I stuck rather than twisted, so I'm also pleasantly surprised this morning that the SP is holding pretty firm - obviously time will tell .... DLG hit quite a bad low and my hunch (or hope!) is that the SP can 'regroup' ( I can't think of better word! ) and claw back to something at least a little bit closer to the 250s over the next few months, which is the consensus broker estimates (FWIW) that arrived in August.
I read yesterday that Admiral did okay by putting prices up by much more than inflation, and they felt the rest of the market would follow. DLG (along with all the other insurers) having now also put prices up need to be laser focussed on inflation and their price setting. I guess it's a tricky conundrum setting prices to attempt to keep or increase market share when you don't know how extraordinary the next inflation figures are, and the companies that respond the cleverest will have the best success.
God, this is the longest post I've ever written, with probably the most metaphors. I hope you're not too bored yet....!
Loggy
Glad i held on, think this has a lot more to give, once prices have caught up with inflation
Price was already down , expect some upward momentom as priced in..