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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
The sp will see **285p during 2024**....IMHO-DYOR
About time it got a move up, been stuck at these levels for ages
Afternoon MD
Possibly, with a rate cut or two. But look what a one percent yield drop does to the SP here,
£2.51 + 8.22%= 20.63p
Drop that 1% to 7.22% and your up over £2.85. Another 1% drop and your over £3.31. That is in my option while the SP has been so suppressed since the end of 2022. Once the rates are not there in bonds anymore the sp will recover here. So long as dividend can be maintained? In fact, looking at the sp in relation to the ftse values between the start of 2014 and end of 2021 working with a beta of one the sp should be between £2.90 and £3.37 with the ftse sitting where it is. I can only put this down to inflation and subsequently rate returns? Just my opinion but I’m sticking with it
Have a great afternoon
Crossly, Many Thanks.....Great post....imho
Yep. Biggest three I hold: Aviva, Legal & Gen and M&G. I'll settle for 2% off base rate!
Sold half my holding today. Pleased to see the sp back to pre-xd levels so soon. I don't believe we'll see that big a drop in interest rates, nor that inflation is no longer an issue. Don't think we'll see 300p or above anytime soon, especially if the FTSE has a correction, which I'm fairly sure will occur sometime this year.
I hope so. Nice to get more shares with each reinvested dividend
When your dividend is reinvested, at what dare is the price of your share set from ?.....is it the dividend date ?
I typically invest the dividend value, from other cash, on the ex-div day, so not the actual dividend. I don't auto reinvest. Same for all income. Seems to generally be a lower price than the payment date.
Same, I take the the amount I will get for the divi and invest on ex divi day, usually drops more than the divi payment and a much lower price than the divi re-investment date.
I don’t use extra cash just use profits and divis from other share trades.
Thanks good to know
Definately will not be adding right now, this share historically never stays at its high for any significant length of time, always drops with any economic uncertanties and there will be better oportunities to add here
I think Wednesday’s UK inflation numbers will drive this price onwards followed by the capital markets event on 12th June. Plenty of scope for further significant rises in the very short term imo.
As to when to reinvest dividend, I had thought about investing same as I was going to get from cash and then replace the cash when the dividend is paid but the problem with that is it eats into my ISA allowance. Any way around that?
Not sure how much further beyond £2.60 this can run without wider market dragging it
B-w-f, in answer to your query of 08.58 on 16 May.
My take on this is simply to keep a cash balance in my stocks & shares ISA from paid dividends to be used as & when I choose, this means I'm not using any of the £20K yearly allowance by putting new money in. Yes this means that I'm not 100% invested all the time but it's swings & roundabouts & seems to work for me. FWIW I've now sold here post XD as my crystal ball says a slight correction is on the way, a nice profit on my average so watch it now zoom up over £3. Good luck all.
In the hope it would retrace 220s I held back, then pushed the button on a couple of thousand shares at 234p only to see it climb pre div, Im still not convinced it will hold high and dont suffer any fomo, for any I miss have hedged up on MnG as they have been slightly downgraded , have always done well with them, so happy to hold and will always hold spare cash in isa as next divi is only a small one
Nicknaim - I'm in the same boat as you. All my divi stocks in the last couple of weeks have been resilient in holding their ground ex-div.
I could just top up my MNG and PHNX holdings and wait until they rise 10pc from here.
Agreed LGEN haven't stayed elevated at these levels for long, especially since we're in that silly season of 'sell in May and comeback in October'. Could be wrong this year.
PS : Anyone know what happened at 10:10am? fat finger? Bit of a sharp spike down.
Unless there is a genuine new global financial crisis I would be surprised if this goes back to 220p. The price dropped last March/April due to fears of a new global financial crisis which were caused by the failures of Silicon Valley Bank and later Credit Suisse. Then again dropped in October due to the attack by Hamas.
Next week we have UK inflation figures.
Dividend payments on 6th June.
Capital markets date 12th June.
UK interest rates decision 20 June.
Simoes has stated the board have already committed to paying the 5% dividend increase for 2024 and on the market day they will outline what is their strategy, capital allocation and capital distribution policy.
I am looking forward to see their refreshed strategy and vision for their next stage of growth.
Hopefully BofE can grow some balls and cut interest rates in June or at least August and not wait for America first and the SP should push further forward.
Why wouldn't you use your allowance every year makes no sense keeping it in the bank
With core CPI only coming down half as much as expected, 3.9% against a projected 3.6% from 4.2%, we’re back to another piece of data that shows Lgen’s sensitivity to Inflation as discussed at the start of this thread?