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.
Kenneth Dart ?
Another factor that may account for the recent rise may be that Billionaire (can't remember his name) who started building a stake sometime last year. Perhaps he is continuing to accumulate - if so, we should hear more soon. Apparently he has had great success buying out-of -favour companies. If I remember correctly he started buying around 1550 -1600. Sorry I'm too lazy to research more!
Yes your right Pat the divi is still good at this price it could be a few reasons all together which is pushing the price up and of course as pi will be the last to know
Have a good weekend all
I think money is going in here to beat the raging inflation at £17 the divi is still beating inflation
I agree with you sidi and the rise does seem to suggest that there could be some news on the horizon I don't think a take over or a buyout simply because of the nature of the business but maybe just better profits just my opinion
Well, my take is that like many other shares(even Vodafone) are following the markets sentiment of late. The FTSE100 is now 7500! Therefore, IMB has gone back up to £17 too(reluctantly). That's my own view of course and would love hear what others' thoughts.
Yay! Yes I deserve this, especially after selling half my BP at 15.50 last week! IMB remains my 3rd largest holding and I'm finally in profit on purchase price not considering dividends. I'd love to understand the reasons underlying the recent rise, though!
Here we are. It broke the £17 resistance at last, hooray!!...
Now, let's see how soon we can we see £18 then....hehe
Have a great weekend everyone!!...
Robina Thanks for the grammer correction
In for the long term now did dodge the last two divis but think will hold for the next one have a feeling the price may move more yet.
Good luck all
Well done theloaf. They're very good entry points.
Yes, it can fall back anytime but right now, £17 looks very likely to be broken, as soon as tomorrow. Let's enjoy the ride for now and worry about the pull back later hey.....
Good luck everyone and God bless!
My gut feeling is to not trade this around next dividend. Surprisingly the trend for IMB is upwards. Yes there may be a substantial fall-off from 1680ish. But the sentiment seems positive and we will see 1680 again next year? This question separates short-term traders from medium term holders. I also find it interesting that 'dirty' stocks like IMB and BP have seen an uptick recently.
The time to re-enter was before the 3rd dividend really. I bought into IMB in the low 1400's & added at upto 1550. My only concern about getting in now would be that it could drop after the final dividend, due to the next two dividends being the smaller ones.
Saying that..... it is my largest holding.
This has been a dog for me in the past, but it's looking like it might be time to re-enter, given the momentum and improved fundamentals: EPS seems to have jumped.
Divi looks nice. Could this be the year for Value?
Would "have" been one to avoid.
But I agree.
I'm in this share to did not know Woodford had if so it would of been one to avoid lol
Good luck all
Woodford was one of the reasons I first got into IMB (and the fat div)
Since then neither has faired well
A return to £40?
This was one of Woodford's growth and income stocks back in the day.
Hope this is a sign that the markets are moving money in to value stocks
Looks like this is true. Everyone is scared of an impending crash, they seem to be taking their money out of "meme" stocks and putting them back into value stocks.
"Praise the Lord for ethical investors"
Amen
Hope this is a sign that the markets are moving money in to value stocks … I sold 1100 before the last ex div date and the intention was to buy back in lower … however I reinvested in other stocks which at the moment I’m ahead only because I put 5k in a punt on MTRO at 102 and the next day a buy bid was tendered so I sold them at 137 others also done ok 5k in BT @140 2k in EAAS @13p .. this has hovered around 1615/1635 for a while .. I’ve still got 2250 of these left @1643 so I’m just holding these now no matter
I agree tricky - If the SP plays ball, just 4 more years and I'm in this share for free. Praise the lord for ethical investors
I plan to hold myself however a sustainably higher share price, might suggest a bit more confidence in the shares, slightly derisking to a degree...
As long as this company is paying a sustainable div at an eye watering yield just sit back and pick up the div . No intention to sell so not too bothered where it sits in a chart . So many trades on liquid companies like this are automated and a lot of them make zero sense .
Interesting momentum, are we finally breaking out of the price range?... If we do, potentially large gains from here
Yes sidi not to long for next divi I think if virus can be contained market should rise will be some hiccups along the way my feeling is if this goes 1700 plus I think a divi dodge could be risky but if more restrictions are imposed then a divi dodge would be on the cards
Yes decisions decisions