The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
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.
So, how many remember that a while back a rascally outfit called citi something or other had a go at deramping L & G and it worked, not for long but probably long enough for their mates to make a quick buck as it is said. Lesson learned:- Much of what "brokers" dish up is pure hot air for their own amusement or worse.
Baz to Gaz, I would be pleased if my average was under £2😁. I remember having this conversation with you about BP. three years ago.Hope you are still prosperous.
Baz - To me LGEN is a quality share as my average is under £2.00 & as for the dividend being safe the company kept on paying it throughout the recent pandemic despite pressure from government. Sentiment towards this sector is weak I respectfully suggest but investing is a long game, 5 year minimum & all that. I understand that no dividend is ever safe & that the new boss may have other thoughts about this but as for a quality FTSE company currently increasing its payout 5% yearly it'll do for me. At the last count LGEN was on track to meet its target for the period up to 2024 with capital generation of £8 to £9bn so my guess is the divi is safe. The solvency II ratio which is above 200% should also offer investors a great deal of confidence as well. That's why I think this is a quality company & I hope that's answered your question.
'Only my opinion of course but I wouldn't want to be out of quality shares such as this over the summer. Good luck all.''.Gary,how is this a quality share?I bought these at 2.90 about 27 months ago and never made it back to that.The divi is good but not guaranteed but that is all.Quality like every thing else in life is very subjective.
Phyl, I only sold one third off as i was a bit heavy here, so quite happy whichever way it goes, will be reinvesting the dividend like yourself, if it should drop down low i will buy back the shares i sold which would give me a lower average, but have no fear i still think this is a good income share
best of luck
Phil - Why automatically set to re-invest when that won't happen for weeks? FWIW I just keep an eye on the price just as the dividend gets paid & then take the re-invest decision one way or the other at that time. HL who I used to be with didn't re-invest dividends until the 11th of the month following payment but AJBell do it the next day (I think).
As for will this reach £2.20 anytime soon, I think not unless the results of the strategic review is pants. For those that aren't aware L&G will announce this at the upcoming capital markets event on 12 June. If this is good & if interest rates are cut, which may also happen in June, then the SP here & elsewhere will rise. Only my opinion of course but I wouldn't want to be out of quality shares such as this over the summer. Good luck all.
Morning Rob, yeah, almost anything can happen in the next half hour as the commander of Stingray used to say. It could drop of course depending on the markets in general or geopolitical events etc., however, in the past, post XD day, we have generally suffered a remarked downturn in SP, but thus time around, we haven't. It's been much more resilient. That's a tad unusual wouldn't you say? I for one, hope the momentum continues, but I do understand your wish maybe for it to fall. As I recall, you edged your bets by selling circa 50% of your holding just in case the SP suffered a significant downturn? Under normal circumstances, this is not a bad strategy. I do wonder now whether it is the right strategy over the coming weeks. Time, as always, will tell.
Phyl, there maybe plenty of opportunity's for anyone to buyback here at 220 in the coming months, the old saying sell in may and walk away, plus the ftse is at an all time high, but of course you maybe right
best of luck to all holding and or wanting to rebuy
Zac0_4
Correct - for those opting to reinvest the dividend the event will take place on (or around) 6th June and the price at that time is anybodies guess.
In response to zac: By automatically setting my ISA account to dividend accumulation as opposed to Income. My dividends will, therefore be re-invested in aquiring more more shares in June in line with my strategy to build my holding and take advantage of compounding. This strategy also benefits pound cost averaging by lowering the cost pet share. The point I was trying to make is that the SP has held up (unusually) particularly well post Ex-D. This has benefited some but perhaps not all, hence the use of the proverb.
How can you have reinvested your dividend when it hasn't been paid yet?!!
The old Chinese proverb, "one man's meat is another man's poison" springs to mind following the recent dividend that is £9.1463 per pop. A number of folk on this board forecast a significant drop in SP following XD day, (as is normally the case I hasten to add) and continue to drop toward the £2.20 per pop where many would then buy in. Financial actors always extol the virtue of never aim to try time the market. Its time in the market that counts. Well, for once, it appears they are right. The sP, if anything, has risen. This means, anyone buying in just after XD day will be in profit and congratulations to them, but also those that re-invested their dividends as I did... feeling almost smug. Of course, it might all change over the coming weeks, but I'm not so sure it will. lGEN appears to have positive SP momentum, which is something we cannot with any regularity, profess. The SP closed over £2.40 a pop on last night's bell. I for one, hope this unexpected momentum continues and all investors here reap their reward. Goodness knows, we deserve it!
Eccles: Iv been in NESF for a while also PHNX MNG &BATS, currently taking in 12k pa divi, I have the same amount invested in each. There were a couple of other solars that I fancied but plumped with that one.
Tambo - sorry that should have been for MPO818
Tambo - been a while since it was £3 and we’ve just gone xd with a bad over reaction so I think patience required here but a good for sure
Tambo210
So with the FTSE100 Index closing the week at a record closing high of 8213.49 LGEN reach 240. This is a rather disappointing price in relation to the index, with LGEN having (historically) exceeded 300p with the index significantly below tonights level.
Totally agree Broomtree.
Different companies. Despite the 7%div, Nextstar is vulnerable to the vague IRA shennanigans in the US. Solar companies are struggling owing to over capacity in China and poor efficiency...
Its worth a punt, but I certainly wouldn't put a similar portion of my savings in NESF as I do with MNG, PHNX, and hopefully soon LGEN again.
Eccles - doesn’t matter how many times it pays…. Still less than LGEN and a totally different share in terms of stability and prospects!
Never mind all that, just discovered a nice little earner which is too cheap and pays a div four times a year. NESF, have a look.
Tambo210
"I could just buy back in now and have my artificial divi with no further gain...but I feel a littl greedy."
The FTSE100 is close to its all time high - With local elections today and the expected landslide to Labour it could rocket or collapse, who knows, my crystal ball is hazy.
PHNX.L is another option having sold at 556p before ex-div. Bought back in at 502p, but could pile my LGEN eggs in to that basket too for a while...
decisions. decisions
C'est la vie.
I could just buy back in now and have my artificial divi with no further gain...but I feel a littl greedy.
FTSE futures up .48 % as I type US future’s are similar (ATM!).
Tambo210
400 Point collapse in the Dow to end only 87 points up - so maybe you may be right - may depend on the FTSE100 maintaining its strength.
MPO818 -Indeed....Looks that way