Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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The sp will see **285p during 2024**....IMHO-DYOR
Afternoon,
I noticed LGen had a nice tick up (5-6p) when the data came out for Payrolls, Hourly earnings & unemployment rates from the states last week indicating rate cuts and again today when the CPI data was released at 1:30pm. Roll on rate cuts actually materialising for true fair value to return here
"Got it thanks. Did you get my reply?"
..............................
Meco,
Yes I did, thanks, and I sent a reply & blog invite on Sunday...
So I've just gone back and checked and ~ senior moment, which I am prone to ~ I'd missed an "l" out of your email address...
Which I've now hopefully corrected correctly, and I've re-sent the details and blog invite...
And I'm due to put up a new blog post, probably today, about LGEN and the other two big insurance boys, so given your background it might be an opportune moment...? š
Strictly
ā you should have hopefully received an email from me..?ā
Got it thanks. Did you get my reply?
RR will be the best performing this century
Buy now at 4 quid double your money in three years
Better of in building shares than the worst performing shares in the FTSE 100
Meco,
Hopefully I've got the email address right ~ I took it that it was a capital O rather than a nought ~ in which case, you should have hopefully received an email from me..?
Strictly
Completely understand @strictly
dealers.majesty.0i AT icloud.com will reach me
Meco,
The SB blog is a private one that I set up over eight years ago to help a large number of my family & friends who, for their sins, had followed me into the investing-in-house-builder-shares malarkey...
In recent years, Iāve had a few folk from LSE share chats join, but that is not to say I've offered an open invitation of any sort or intend doing so...
Without wishing to seem unduly controversial about it, much of the conversation in these LSE forums seems to be day trader chat about what the price may do in five minutes or five days' time or otherwise sometimes gets caught up in petty bickering & criticism ~ none of which interests me.
But, of course, one can click on any poster's name here to see the sort of thing they've written in the past and, being a great believer in the efficacy of Mathew 7.16 ~ if you get my drift ~ having sight of those track records is very helpful.
So anyway, the upshot is that that was a rather long-winded way of getting round to saying that I like what I've read of what you've written and you're certainly well ahead of me when it comes to understanding these big insurance companies that, as of this year, Iām now 90% invested in for the time being with only 10% currently in Bellwayā¦
Hardly Strictly Bricks at the mo, thenā¦?
If you want to access the blog, Iāll need you to put up an email address, albeit maybe just a temporary one for making initial contact, and I can then email you and we can take it from there because I need to send you an invite directly from the blog itselfā¦.
Strictly
Londoner,
"2020 ā (out of housebuilders by the end of february! impeccable timing, with good fortune. i guess ambrose is now on your christmas list.
did he specifically say, get out of housebuilders, or all stocks?"
.........................
Out of interest, I went back to that time in my blog, and this is what I wrote on the morning of 14th February 2020...
"So, reading Ambrose Evans-Pritchard in the Telegraph this morning, heās reckoning maybe another three weeks to the above fork in the roadā¦. thatās while weāre due to be still out here in Spain.
Most readers who write in like AEPās articles, but reckon heās a real doom monger, a persistent Chicken Littleā¦ so, he could well be talking b.llocksā¦. I really donāt knowā¦.. but even a stopped clock is right twice a dayā¦"
.....................
of
So, I just googled for the article, and it didn't come up, but one did from AEP on 6th February that year and by that point he had already got the coronavirus bit well between his teeth.... see below, if you're interested, but it was a general APB (as opposed to AEP š) for stock markets, rather than being house builder, or any other sector, specific.
The article I've linked doesn't mention the three weeks' heads-up, so clearly he did write at least another article rather than my simply having got the dates wrong...
https://www.telegraph.co.uk/business/2020/02/05/chinas-coronavirus-not-remotely-control-world-economy-mounting2/
Anyway, I wish I could say that I shifted 100% out of shares straight off, but, being an investing wuss, I only initially moved 40% out and then later, after some soul-searching prevarication, moved about another 30% from memory.
But it was good to end up comfortably positive for the year ~ it partially made up for my monumental investing c.ck up in 2008 I mentioned in a previous comment here...
Strictly
Missing capitals!
I don't know what happened there but I have a suspicion.
My AVG virus software forced an update this morning and since then my cookies have been cleared along with my passwords. Now Word has gone haywire. I wonder what other surprises the upgrade holds for me. I cancelled the auto renewal on the product, perhaps this is AVG's way of hitting back.
(If there are no capitals in this post then I'll need to dig deeper)
strictly,
2020 ā (out of housebuilders by the end of february! impeccable timing, with good fortune. i guess ambrose is now on your christmas list.
did he specifically say, get out of housebuilders, or all stocks?
all,
on covid, i could see the obvious risk to health, particularly amongst the elderly, but didnāt anticipate the over-reaction of governments, in shutting down the economy, closing schools and throwing out dosh with *** abandon ā something weāre now paying for.
2008 - i remember reading an article a year before the 2008 financial crisis hit warning of the risks in the us housing market, but i didnāt anticipate the far-reaching consequences.
the problem for investors in anticipating the next crisis aligns with that adage, āeconomists have predicted six of the last three recessionsā.
back to 2020 - itās a useful exercise to look back at these market turns and consider what positions/holdings might be safer than others. while no crisis is the same, i think a look back to the covid crisis is useful because the damage was effectively done in a very short period, 16/2/2020 ā 29/3/2020, providing a good comparison.
in that period my uk listed individual shareholding (13 stocks, with an aggregate 60% non-uk weighting) fell 35%. for comparison:
lgen -50%
bwy -55%
vmid -40% (i chose this because the ft250 index aligns closer to the uk market than the ft100)
mrc -55% (i chose this because itās a popular uk investment trust, to represent the impact of the net asset value premium/discount)
legal & general equity income fund -39%.
though a small sample, i think it highlights the risk of a single shareholding. but what i find particularly interesting is the divergence of the investment trust, mrc, from the underlying index vmid. in a crisis the discount increases fast, and as the crisis passes the reduction in the discount is slow, but reliable ā until the next crisis.
there isnāt a discount applied to the funds, but my preference is still for investment trusts over funds. while an individual investor might want to sit tight on their funds, if other investors panic, then the fund becomes a forced seller, liquefying stocks to redeem exiting investors. the investor sitting tight isnāt fully in control.
my comments here are not meant as advice, rather simply to encourage some thought around where and how you might want to be invested when the next crisis hits.
āMeconopsis - The dates are published on the L&G investor relations page so they are correct, it's the amount which is going to be around 6p that will be clarified laterā
Apologies. My bad. Has a look at the financial calendar earlier this week and didnāt clock the dividend dates.
Maybe my wife has a pointā¦ ;)
Wouldnāt be a reason to switch for me, can end up chasing your tail with insurers but DYOR and stick with it
Go for it mate
Am thinking of selling my holdings here and inest in csn the dividend is big then lgen and there both about the same price to buy.
Meconopsis - The dates are published on the L&G investor relations page so they are correct, it's the amount which is going to be around 6p that will be clarified later. That is unless they have found some awful skeletons in the cupboard during the strategic review or conversely some hidden dosh tucked away somewhere & forgotten (equality rules).
@strictlybricks - where would I find your blog?
Hi Gary, not been confirmed for definite, but in the Q&Aās for the full years results a question was asked about capital return and Simoes answered ā5% divided growth, we intend to do the same for 2024 and Iāll be more clear about capital allocation and distribution on the 12th Juneā.
I am looking forward to the Capital Markets Event to read:
1. Their future strategy - A clear strong and simpler investment case.
2. Their priority growth drivers - where they see the additional avenues for growth.
3. Financial ambitions - Future capital distribution.
"...interim dividend goes XD on 22 Aug 2024 & is paid on 27 Sept 2024"
I'm might be incorrect here, but I don't recall the dividend either having been declared, nor the dates set(?)
Saying that, the amount with be there or thereabouts and the dates there or thereabouts.
BeReyt - Has that 5.99p interim dividend been officially declared or are we waiting for the half year results on 7 August to confirm? 5.99p would roughly be last years interim of 5.71p + 5% so my guess is that is the minimum it will be.
Anyway some dates for the diary are - AGM on 23 May & the "Strategic Review / Capital Markets" presentation on 12 June.
FYI the interim dividend goes XD on 22 Aug 2024 & is paid on 27 Sept 2024.
The next Ex-dividend date is on the 22 August and the dividend price will be 5.99p
Hi, when is the next dividend after the one on the 6th of June and how much will it be.
Thanks.
Morning tambo
They are in my fidelity managed portfolio. Assess every 12 months unless they want to change mid term. They are the better ytd performance figures from my 21 funds within the portfolio. I am not confident enough to take total control. I want five years of better performance between my S&S isa and my managed fund before I look into that. Still a lot of learning to do and I realise I will need to expand into funds if I do go down that route. Three years out of three that so far my isa (shares only) has outperformed my managed portfolio. See how it goes, itās in fidelityās highest risk category. I used to work for RR and quite a lot (120) retired on the same day. I monitor all portfolios taken out by some of the lads. Dolphin, Fidelity, psigma and various Royal London drawdown portfolios to name a few. Fidelity & RL have wiped the floor with all the others over the last three years, particularly in 2022 in RLās case
Have a great weekend
Couple of other funds worth looking at if you're looking to diversify:
Aviva Pensions Rathbone Global Opportunities S6
Aviva Pensions HSBC Islamic Global Equity Index S6
I've had a portion of my pension portfolio invested in them for years.