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I think this has fallen far enough for one go. So, I have bought back half @233. My other half order @220 stays. Let see how it goes. Have a very nice day everyone and good luck.
Ah Fisherking, why so negative ? Nice near 6% dividend today !! This is the income share that never stops giving !! If you trade the share up and down
from c 210p to c 260p cap gains to be made also !!
The dividend is safe now so look forward to a generous 14.63p - ''Cah - Ching '' & also their latest news should make the sp tick up still.
Warnings that a sharp decline in interest rates will lead to a potential fall in UK bulk annuity volumes are overdone, suggests UBS, which expects Legal & General to be a major beneficiary of the continuing trend.
We expect a key constraint for the industry achieving similar or higher volumes than 2023 over the next 5 years (expectations of £250bn cumulative) will be the ability for insurers to source high-yielding assets.
“Overall, we expect bulk annuity volumes to continue to track at £50bn pa over the next 5 years, with L&G within our coverage likely to take the largest share of the market at c.25%.”
The shares will not recover today to your stated price as ex dividend 243
And for all those that purchased today will not receive the ex dividend but the seller will.
Good luck to all that holds one of the worst performing shares FTSE100
My thoughts are very hard times ahead
Mine goes back.as reinvest so not concerned good luck all.
Drop was not really overdone - it was correct as XD payment is usually how much it drops by along with div impact percentage - which for LGEN was approx. 6%.
Overall, not bad price to get in at the ring of the morning bell to get into LGEN - as it was a 6% discount then wait for next XD date lol!
It'll settle a bit by the end of trading im sure
Certainly moving up nicely. The drop did seem a little over done IMO
**Think we’ll recover to 242 today ex div price 243**
It will....IMHO
"it seems most shares fall further then the divi"
I dunno. My CAML shares have only dropped half the amount of the div today. (Maybe that's because the price of copper is up today.)
No
Think we’ll recover to 242 today ex div price 243
Weirdly I cannot find the RNS, it popped up in my email now I can’t find it
The mms know that so will be keeping the price a bit higher today. Possibly best to wait a day or two.
Imagine If the tax on purchase was scrapped many would sell before X-DIV and buy back after as it seems most shares fall further then the divi
Av. 2.26 sold half yesterday expecting this to drop lower than that between now and end of year.
If they sold last week at 256 and expected a pre ex div + divi drop fall and think there is profit here now, I’m guessing
Topped up at 233.5, far too much of a drop IMO. This was 255p yesterday dinner time and its not like the ex-div has come as a surprise. Hopefully a nice sustained rise back to were we was on the positive wider macroeconomic landscape we are currently experiencing. GL all
No hurry here, this will be "cheaper" yet, put it on watch and relax !
I'll just put it away now. If drops lower top up. Missed getting in ex divi date at a reasonable price.
Thanks all for responses.
Auguste - if you buy on or after the ex-dividend date you will not receive the dividend. Fact.
Me too
First time buyer 🙂
Me too
The ex-dividend date or "ex-date" is usually one business day before the record date. Investors who purchase a stock on its ex-dividend date or after will not receive the next dividend payment. Instead, the seller gets the dividend. Rgds, S
Thing is , this will be a very underperforming in the coming months as this was the largest portion of the dividend,next is the piddly one so may even waite it out until they get dirt cheap, my thinking is they will lose 15% on a bad day from from yesterday close, if not im not bothered as will just sit on the fence