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General silliness will prevail today because of the latest inflation "surge". Well it's hardly a surge is it considering that it's been near zero for months and is still no where near the BOE 2% target But of course the dough bags who write rubbish in newspapers are trying to start a panic and many do not understand that it will have no effect on the profits of LGEN anyway so we have a bit of selling going on. Don't be stoopid LGEN's yield is way above the CPI rate and thus far better than anything you can get with cash.
absolutely on the money vulture 1, have held small untouched position since 2017 in LGEN, 83% up..all profit from dividend reinvestment ..share price has been a pig ...narrow trading since forever.
Yes, spread bet and CFD are highly leveraged. Can lose more than your margins if things turned to pear shape. It is very dangerous and could suffer big losses when you turn your eyes away. They are for professionals and more experienced investors only. I am not doing it anymore......
So, you only do CFD?
I did try my luck with IG but lost a small fortune there. So, now I stopped and buy real shares instead........lol
Anyway, good luck to you and have a great day. Hope that all your positions will be back in profit again soon.
s_i_d_i
Good morning all.
What's your average Falk?
Good morning all
What is your average falky?
Chill. It will be back tomorrow.
Took a while to accumulate a tiny gain and lost it in just one stroke......grrrrrrr
A great day for me. All of my shares except NG finished the day in blue and the markets were down, how wonderful!
There's a name for that. It's called herd mentality......lol
There are in fact very few "clever investors" although there are many who like to pretend that they are, mainly to boost their own petty egoes. The most common mistake that I have observed is to panic when prices are falling for no good reason. This share is a perfect example in that there is rarely any good/logical reason for the SP to fall yet back in late January it began to fall and a whole lot of people sold for no reason other than that other idiots were doing it. Mr Buffet would tell you that these are the occasions when one should get ready to buy or "do the opposite to what the market is doing. Of course having bottomed out at around £2.45 some people said to themselves "this is completely silly" and began to buy again. So from £2.45 to today's price of £2.86 is an increase of almost 17% in just 3 months, daft ain't it.
robleo my friend, don't worry. Although we are slow, we keep learning from our mistakes. Maybe we will never be as good as some of those clever investors here but we shall improve ourselves over time and hopefully will make us a little profit along the way...... hahahaha!
If that's the case, what does that make me, I have to ask you questions about points/tranches etc, you don't have to answer that lol,
people like falkland, start talking diff numbers and ranges etc., may as well be speaking a diff. language to me, quite like lgen, I just put money in and they pay me a nice dividend, I have even managed to make a profit here, can't fault it
all the best guys
Wow robleo, I am not that experienced. I truly wish I were. I has been doing this like a blind mouse for years and made loads of blunders in buying and selling........lol
oldbutnowisa, sidi was only joking with me, he's got a good sense of humour, and very experienced at investing, think that was very kind of you though
best of luck pal
s_i_d_i. I am already nearer 75 and have a good number of these. You shouldn't go wrong but if you want good sleeps, use pooled investments (ITs and UTs/ oeics). Best of luck!
You will not be alone, as I am a poor pensioner myself. To make the matter worse, I am playing fire with my pension pot. Probably I will have to go back to work when I am 75, lol......
sidi well if you can't after all your experience, looks like I will have to settle for being a poor pensioner, oh dear never mind, trying hard to build up my poor pension pot before I retire, and set up some good income shares, not working very well at the moment though , will keep trying though
good luck everyone
Sorry robleo my friend. I am terrible in trading. Made so many mistakes on selling out shares too early, kicking myself and pulling my hair afterwards. I really wish I could help you and offer you some good advice but nothing I know that would benefit you at all......... hahahaha
Thanks vulture1, its just what I was thinking really, I sold aviva recently and took the profits, but regretted it shortly afterwards, then paid more to get back in, so gained nothing from it really, interesting to see other peoples views, probably best to sell off less performers, and keep the reliable dividend payers
My view on this is I don't trade my dividend stocks that I got cheap. I am happy to play that game with non dividend stocks but with the likes of this i'd be giving up long term gains for a short term gain.
Your views, when this reaches £3 it will possibly have reached its peak or close to it, with an average of £2.40 it will be very tempting to sell and take profits, and maybe put money into another divi payer that's not reached its peak, with the possibility of maybe coming back in here on a lower price in say 6 months time
what are your views on this type of strategy please guys, I know there's guys here much more experienced than myself
cheers
Yup, 299 would be wonderful. Have a great weekend everyone and please stay safe.
LGEN is the fifth largest holding of my portfolio weighs 9%. First bought at 226p then first topped up at 281p, second topped up at 292p, average 256.5p(break even point). I bought it for the generous dividend. Will hold it long term, no trading.
Very tempting to add more in view of the directors' remark about growing the divs. If they hold true to their word, the current 6+% yield may soon become a 7+% yield making this share even more attractive.