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.
oh Dear !
My £2,500 Gain of FREE monies bought me more stock- I might treat myself to (1) Sausage & Chips later to celebrate.
How will you be rewarding yourself-huh ?
oh dear! I can see why you support the football team you do. All financials are down today with the FTSE100 down sharply. You just got lucky. If the FTSE100 had been up 100 points this morning LGEN would be up too.
ERR, you are also forgetting the Friday LOSS to this share Punter,
I bought in at a LOWER cost- obviously you were still studying Historic data.
err, perhaps you haven't noticed but the FTSE is down 100 points?
Thronegames
It's NOT a Scrip dividend - it's a DRIP Dividend, just for your info.
Punter - " MU31 have you looks at past charts? This time last year the sp was 178p on the payment date and over the next two weeks rose to 200p. Am I relying on a repeat? No, but past history doesn't support your theory. "
Well past History charting has bit you in the As$e,
GLA invested here,
MU
My understanding is that many people receive a scrip dividend so there is automatic reinvestment in buying more shares . Therefore the SP is more likely to rise on and after the payment date. In theory at least.
The SP does retreat on a lot of dividend shares but usually on the ex div date not the payment date.
MU31 have you looks at past charts? This time last year the sp was 178p on the payment date and over the next two weeks rose to 200p. Am I relying on a repeat? No, but past history doesn't support your theory.
Punter-thanks
But, we will see, I hope you are not relying ona GAIN
but, good luck anyway.
MU
3rd time this message has been removed ???
" Dividend payment due on Monday 20 September- will the sp retrace again !"
err, the sp normally retraces after ex-divi date. When the payment is made the sp is likely to rise as buys are made reinvesting the divi.
Dividend payment due on Monday 20 September- will the sp retrace again !
If the share price retraces again, I'll continue to add on dips.
ATB
Dividend payment due on Monday 20 September- will the sp retrace again !
Yes 0.5% unless you go down the CFD route plus as you say bid offer spread
I am sure some people can make money day trading but not for me
There is a reason the UK CFD companies have to have on their website a disclaimer along the lines of "x% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider"
Marcus
"Only a 5% swing but still 5% over 2 days is a decent return if you can day trade. I can't and tend to get the calls wrong more than right."
Not be able to get it right is an excellent reason for not day trading....if ever there was one!
As an aside does day trading still involve paying the half percent tax on buying? Throw in fees and spread I really can't see how day trading can be profitable?
I don't mind the drop, as it will benefit the amount of DRIP dividends I acquire, but
GLA LTInvestors here.
I am not sure why everyone thinks it's anything to do with tax?
The US market was down and as usual we followed.
Then there's the ECB supposedly getting ready to reduce its "stimulus ".
And "Losses prevail across global indices this afternoon" (from Hargreaves Lansdown)
Remember the market doesn't go up in a straight line. Thu UK is still cheap.
I am now buying UK smaller companies Investment Trusts with my dividends and what little capital I have left. The 250 fell much further than the 100 today.....excellent keep falling!!
I just wish I had the foresight to see this coming as you could on Monday and buy back today for a discount.
Only a 5% swing but still 5% over 2 days is a decent return if you can day trade. I can't and tend to get the calls wrong more than right.
The whole market seems to have eased off a tad just because of a minor tax change thus once again demonstrating just how stupid many investors are.
Part of the reason for the drop today is the introduction of the lifetime cap on care costs of £86,000. The thinking is it might attract more competition as more Insurers enter the marketplace. Not sure it warrants a 2.4% drop in my view.
Well you're likely worth around the £2-£3m mark. Which in all honesty with some planning could have been protected in an ISA......drop in the Ocean in reality. Likely to be more impact from the extra cost of the 1.25% Employers NIC.
I agree it's hardly a huge deal.
If you collected £100k in dividends you would need to pay £1250 in tax.
If you are getting that much in dividends you are loaded.
JG68.
In view of the problems faced by the Chancellor caused by Covid what other policies could he have introduced?The 1.25% seems quite reasonable since the impact on dividends is quite small.You should be grateful that you can afford a share portfolio.