Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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It seems to rise to 256.20 the drops to the early 50s before rising again. I don't think I'll sell them again the dividend ex date is due soon. I'll wait now to it's passed and the value goes back up and access then
I have noticed that L&G and others always seems to drop the day after HL's monthly purchases for its clients who have a standing order each month into SIPPS and ISA's. Its annoying ....
Am I beginning to sense a changing nature to this share? I always viewed it as, buy it, hang on to it ,pick up the divi, leave it alone type of share,but recently ( I'm kicking myself for not doing the obvious yesterday) this as become a bit of a trading share. Sell it at 256ish, by it back in the v near future around 250ish. I know as soon as I try it the pattern will end,but it does look like a different type of share than I've got used to.
Hoping it stays down until my next wad of cash becomes available shortly.
This shares easy for making a quick profit on daily sold today and managed to buy back in cheaper.
Sold last holding in dealing acc this morning '256p Then just added them back to share ISA at 248.5p Reasonably happy. Sit back and enjoy divi now in this steady share.
Yes, another top up for me, expect to see a gradual increase for ex div.
Yes, I have just topped up, was going to anyway, but when I saw the dip I had to jump in.
Not good for share prices unfortunately. Brace for a beating on the opening bell. LGEN has gone from a high of £2.57 to a low of £2.48 in a matter of minutes. This will be a good day for those looking to buy in I expect.
"There's enough predictable movement in this share to make this relatively straightforward, as stated earlier by others, this will likely fall by more than Divi after 25/4 so one can sell some in the run up to XD and buy back cheaper later in your ISA and also cover your costs, plus maybe a cheeky bit of extra profit to boot ! Doesn't always work exactly to plan and preferred timescale, but if you're prepared to monitor the price"
Last year being a case in question. Unfortunately for me, I can never get the timing right so won't attempt to trade this share. There's a 90% chance I'd lose!
I have 23000 shares here waiting for the dividend. I've sold and managed to buy back cheaper.
Your better selling at 2.56 it then tends to drop back to 2.53 if your planning on buying back in.
Eccles, I did just that last year. Sold some BT at a loss but sold RR at the similar gain cancelling each other out. Then placed them in ISA. Bit different this time as I want the rest of my Lgen holding it the ISA to avoid tax on divi. The Gov just wants it all. Will transfer before ex-divi date but timing needs to be right. Thanks for answer though, GL.
Somebody has just sold one share at £2.54. I hope they made a killin.
Just topped up with another 3863 shares.
There's enough predictable movement in this share to make this relatively straightforward, as stated earlier by others, this will likely fall by more than Divi after 25/4 so one can sell some in the run up to XD and buy back cheaper later in your ISA and also cover your costs, plus maybe a cheeky bit of extra profit to boot ! Doesn't always work exactly to plan and preferred timescale, but if you're prepared to monitor the price it's do-able !
Bertram, I wanted to do the same last year but according to LSE the HMRC rules don't allow a straight transfer as one might hope, you have to sell the holding from wherever it currently sits and repurchase it into the ISA. This might sound like LSE making money from you which is true but folk would soon go elsewhere for their transactions if LSE were not being straight with them. I vaguely recall some sort of discount when I gave them my insructions last year.
But regulatory hurdles and management/cultural opposition to a takeover make LGEN less likely than, say, PHNX, in my view.
Trouble there eccles I wish to add more to my share ISA and sell from normal share dealing. Without further funding the bankrupt Government. What is the most efficient way to transfer shares into an ISA?
As for me, it's beyond my comprehension why anyone should sell now that we are past April 5 and approaching ex div date.
Of course it's vulnerable, it's ridiculously undervalued. The notion that markets are efficient and dispassionate wealth creation mechanisms are nonsense. You have crypto, which has no intrinsic value, booming, and this quality company trading at a laughably low valuation. Rant over.
Behind a pay wall, so don't know the full story - for me LGEN at this sort of price is vulnerable.
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I have £2.60 in mind for selling some off before exdiv and should it drop to 220 something sometime after will probably buy them back
But if it doesn't reach £2.60 no problem i will be happy to hold and take the dividend
I think I recall the SP being circa £2.51 around ex-div date last year dropping to £2.35 ish which is a drop of £0.16p. It then continued to drop to circa £2.26 in early May which represents a total drop of £0.35p. I remember kicking myself for not selling then buying back but then again, I'm useless playing that game. I'll probably continue to re-invest the dividend in more shares as is my original additional income at retirement strategy.