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Yea, back into mng and phoenix with nice average on both, Got out of Phoenix a couple of days before Ex and kept some in, but in hind site I should have sold em all as they went into the 470s although I re-purchased and excceeded the Div they were oversold for sure, similar could happen here as its so blatent how they get hammered down
Up £200.98 now so in with a chance of getting to £515.12.
I'll stop posting the updates now as I sense I'll rightfully get some stick here if I continue.
Doing similar thing with 5k of them. Need price to be 256p to make it worthwhile. If the price level is similar to what happened with MnG the best hope would appear from now up to the end of the day before the day before ex div day.
One of the poorest pre divs considering this is the larger portion of the dividend and ftse at an all time high, cashed all out this year, will sit on the fence and re enter when the fireworks start going out
Farr i assume you mean ex divi day eve ? i expect ex divi eve to be good but ex divi day to drop with peeps skimming small profits over night or at 4.25pm ex divi eve ,thats why it dropped last week so they could get on board,smoke and mirrors
Now as I type I am only up £102.39 on my little "experiment buy" & it has until 4.30 pm on Wed to get above £515.12 so the odds are on me holding & collecting the dividend.
Ill probably sell a 3rd of my holding, insurances PHNX, MNG have dropped more than the Divi so I will hopefully be able to get a good gain on amount of shares when rebuying.
Maybe a buying opportunity on ex dividend eve, if there big sells the price should drop then.
This will rise to xd eve ,gary so get ready to sell , it will open xd day down ,as lloyds did , i have broke even 1p = 1k on lloyds , i will get 2k divi on my holding,but have dropped that much xd eve to ex day, now about the same ,all smoke and mirrors just enough to keep me invested ,not enough for me to run,as norm only profit on paper ,
I did this several times and last time i did it with NWG the stock so i missed out on the div payment.
As I get bored easily I thought I’d try a little experiment in the run up to XD day. I’ve brought 3521 shares last week & will get a dividend payment of £515.12 for my troubles. If & I realise it’s a big if my shares realise a profit over that before XD day I will sell & see what the drop in the SP is on the day. Currently at a profit of £139.87, watch this space.
A drop in the ocean clued, and a vastly overinflated figure.
This needs to happen ASAP. There are no good arguments for ground rents. There is absolutely no service or benifit to the recipient of this charge! This racket was always going to come to an end at some point. They did well out of it whilst it lasted, and of course those who benefit the most from ground rents will come out kicking and screaming not wanting the gravy train to end. That is to be expected. However society eventually catches up, and thats what happens if you invest in assets and practices that are extremely unethical.
When will fund managers learn that unethical practices and practices that are percieved as very dubious by the vast majority of public make very poor investments.
God knows what LGEN's exposure to this will be, but i expect it to be very low. Any reaction in SP will be temporary.
Will Gove's 'reform' of Ground Rent law affect LGEN as the press says Pension and Insurance companies bracing for a £30b hit, or will it just affect the investments being managed by LGEN on behalf of pensioners and investors ?
...of the toenail!
A few things are happening now which might see the market generally perk up soon. ,
The BoE may helpfully start lowering interest rates, making decent divi-paying shares more attractive than banks in the medium term. Ukraine is getting weapons to fight Putin. And there is talk that Wishy Washy Rishi may decide to cut and run by bribing us then calling a quick general election. Not forgetting that LGEN's new boss has yet to give us the benefit of his initial musings (expected June). So plenty of reason to hold these until the SP begins with a 3 again.
Just to assist you Eccles Fidelity Int'l have been going for almost 50 years & they are responsible for client assets of over $776 BILLION for almost 3 million clients worldwide.
I never heard of Fidelity, don't sound much cop to me.
It’s been fairly apparent for the last 2/3 weeks since the FED moved the goalposts on interest rate deductions, that the stock market has no direction. The S and P has started to roll over, what does this mean for investors, well sell the highs. Gold has been the play, what with the
amount of debt in the system by central banks. Maybe gold has some way to go yet.
As for the growth tech stocks they have started to roll over, it appears the play is to be defensive, ultimately, I’m keen to be in cash, as I see no short term upside until signals
are clear on a sustained interest rate reduction cycle, which is now unclear.
Something to think about.
3 more trading days before exdiv £2.50 maybe ?
Dividends in the holding bay aready, did the same with phoenix and mng and look how phnx has got manipulated down into the 470s,with the likes of barclays downgrade in favour of shorters, and both with brilliant trading results with dividends going forward past 2025 and into the black, great for me to get back in but cant see LnG being any different
Bbb it may not be predictable but its becoming very very transparent ,and the moaning crew blame 2016 for the low performance of the ftse ,the only thing to blame is the msm woke cancel culture moaning and winge about share holders making money , so the big guns are shooting them selves in the foot ,dare not pay specials or a good divi compared to profits for fear of windfall tax ,and they wonder why lack of investment
I tend to avoid trading any shares I hold as I tend to lose money 90% of the time. Anyway, I am unable to trade LGEN even if I wanted to as my shares are contained in a ISA on the Fidelity platform. They have strict rules on trading and don't allow it... good job for me then.
If the stock market was so predicable it would not work.
Situation normal ,lets force this as low as we can ,buy in droves,which will force up price to ex divi eve ,which will all be done here but sold on the overseas markets overnight so ex divi morning they will open down and gobble up any gains so the divi was not worth hanging around for ,so sell 4.20 pm on ex divi eve ,or get yer fingers burnt as i did with lloyds , i lost the value of my divi overnight waiting 53pclosing on the 10th opened 51p on the 11th so get and get out this will rise over the next few days
Agree and this is why this time I dumpped the lot, what with the the Iran/Israel mallarky the run up to ex is way off kilt for my liking as even now I could easily get back in but im staying out on this way past ex , need the dust to settle which it will 220s or there abouts would be my predictions or maybe even 10% down from todays price wouldnt be far off
Very good research from Gary, thank you for that Gary59, I definitely don't regard this as a dog share, far from it
This has been my number one favourite share for many years, however as you may have noticed from my previous more recent posts i am disappointed with the current low sp on approach to exdiv, it seems to have gone backwards over the last couple of years, so for that reason, sorry lgen but i have downgraded you to third place, aviva taking first place mng second and lgen 3rd
to be honest i was hoping to have sold some off it it reached 2,60 or more and bought back 2.20 or less which is where i'm expecting this to drop to after exdiv, if it wasn't already one of my largest holdings i would have been just as happy to hold and add more when it dropped, anyway it is what it is, i still think this is a good share to hold in my portfolio and hopefully the share price will improve when interest rates drop
GLA