George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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"Considering LGEN sp is the same as it was 10 years ago you have to ask whether it's a good investment."
If you are not desperate for the capital value - the 8% or so dividend suggests it is a good investment - in that 10 years you refer to the shares have exceeded (briefly) 300p, exceeded 280p on many occasions - so decent on all fronts - if you need to be able to call on the capital at any time - buy premium bonds.
Not the post xd bounce I hoped for but still reckon this isn’t a bad start point to build here
Considering LGEN sp is the same as it was 10 years ago you have to ask whether it's a good investment.
It’s appears that the ftse has had a bit of a leg up this week. There is even talk of interest rate reductions before the Americans. I’ve been a holder of ds smith and AAL all undervalued businesses, why anyone would be out of say Lgen and Aviva, and trying to make a few extra quid around the dividend payment is beyond me. A bid or interest from a 3rd party could come at any time.
Something to think about.
I remember someone telling me to be carefull of Rolls Royce and Bp when they were at record lows, just glad I wasnt, so you have to work out your own risks and stratagies and take everyone elses with a pinch of the proverbials, win or lose, and the more you take any notice of anyones advise on these forums your going to lose big styley, the only advise I would care to give as i and so many have learnt the hard way is FOMO is your enemy, if you miss the bus just wait for another one, if you jump into something at the top you have higher to fall, with me now its just becoming a waiting game pure and simple
Of course Thriller, what i meant by neutral was i traded the difference at approx 16.5 between my sell/buys so, taking the fees into account ete, came out about level cashwise, but of course i now have more shares at the lower price for the future.
Depends what price you sold them at they have drop by over 18p a share more than the 14.93 dividend
Well tried out a little trade ahead of the exdivi, sold approx half my holding incase of huge post divi fall, which seems common just about everywhere of late. Ended up pretty neutral as it happened so a bit of a waste of effort, didnt win anything nor lose anything in the big scheme of things so not so bad.
Nicknaim, as long as you made a profit that's all matters, will just see what happens here, if i can lower my average as intended i will buy my third back
be careful though with so called recovery shares, as they don't always come back as well as you hope, which i found out the hard way with VODAFONE
I got into phnx 2022 circa 520s, as saw them getting into bargain territory and have been trading them as well as collecting dividends that have far outdone Lng but collecting those also, Just sold them and LnG before EX this time round 550s for Phnx and 247 on the LnG, bought back phnx 480s and picked some more 470s so no dramas and got a healthy Div coming to my isa account and up on the deal considerably, considering there steller recent results and future dividend that are sofar covered I have faith moving forward, will obviously re-enter LnG and do the same thing, you obviously bought and sold at a higher price than I did, horses for courses and all that
Nicknaim, i sold my phnx shares for around £7.50 and it's been in decline ever since, what makes you think it can recover ? to be honest i would rather trust lgen with my hard earned cash, providing you wait for the right price to get back in, just my opinion of course
best of luck
An update from the new team on going forward plans will help to move this on hopefully...in June I think
AbjectPerformer
" . . . this wasn’t a great investment for 5 years . . . " is a statement of fact
" . . . At this price, going forward for top ups or new investors, it is a good investment . . . " is an opinion and we'll have to wait and see! Good luck.
Tempted, my smelling is orfal
14% drop from pre ex high could be a start to enter so definately not ready to jump in, have already bought MnG at minus 16% from pre EX and they could still fall further, fully loaded with PHNX as they are my favorit for turnaround and juicy div but could be temted to buy even more for the next Div
I agree that this is a good investment, but I stick with my previous thought, I still think we will see 2.20 here in a few weeks time , before it will start to rise again, just going on what's happening to mng and aviva since going exdiv
Bien sur.
I got back in yesterday, it was a harsh post dividend correction. I can see 3/4 p today as a slow recovery occurs. I don’t see 300p this year, but do see 280p by year end.
The new team are mute and conspicuous with their silence.
HI spikey and others.
Yep fair point, was out after work drinking , probably clouded my judgement.
But I do think this is a good investment. I'm definitely winding down my AiM adventures and looking at income stocks to retiire on ,of which this is clearly a winner.
I do see a rally back, as the ex divi drop yesterday seemed severe, I will tapper my confidence to 3 quid next year 😀.
Gla.
Zac
While this wasn’t a great investment for 5 years. At this price, going forward for top ups or new investors, it is a good investment
Added, small.
(but think let1tbe is a little too optimistic / enthusiastic, this times round.)
T212 doesn't charge a platform fee either but it's not a flexible ISA. The interest on the cash may fall outside FSCS protection - details on their website rather than trying to summarise here but I'm happy with that risk in my own personal circumstances. The lack of fee helps averaging in / out of positions as I can trade in smaller amounts when I know I don't need the trade to cover those costs.
A strong US finish (especially tech) and FTSE futures up .7% I would hope this will open 5-10 higher
Looks like a good time to buy back in. What the opening price gona be??
Trading 212 pay 5.2% on any cash in your stocks and shares ISA ,and does not charge a dealing fee .