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.
Selling before the dividend entitlement and buying back when ex-div converts the dividend income into capital gain (if xdiv is the only movement), so if this is a GIA transaction you may prefer to have the divi (if within annual allowance) or capital gain (which has a lower tax rate if outside the annual allowance). In an ISA/SIPP there is no tax effect so in theory there should not be much to be gained by selling around the XD date…….but these are volatile times….good luck,but I will be holding within ISA/SIPPs rather than trading.
Hi guys, I spoke about that with sidi with regards to lgen as it reached it's peak last year the day before results day then dropped down, it then started to rise again on approach to exdiv but didn't get back as high
with all that's been going on there are no two years the same anymore to compare, we will just have to see where they go I confess i have a terrible track record for timing these things myself
good luck whatever you decide to do
Thinking of selling on the ex divi date this year so I will lock in divi and profit from any drop in SP before buying back in. Was going to do on a previous year but SP rose for a month or so before dropping . Anyone got any advice on timing.
Indeed robleo, the world, oh and the stock markets have been unpredictable since the beginning. Waiting for the best exit price is always risky, but we are merely human beings. Greed is born within us, lol. 😂 😂 😂
And thanks for the suggestion Tambo.
Well, let's hope that we'll see a higher SP before the final results or before the ex-dividend date.
Have a good day both of you and everyone.
Also good luck everybody.🤞🤞🤞🤞
Sidi & Robleo - My preference is to sell half of LGEN and MNG a day before ex-div. Managed to capture an annual dividend after each of the interim and final ex-div dates over the last 4 years, before commission and stamp duty.
I'll get it wrong one year.
Good morning sidi, well you would think the shares would keep on rising up to results day and exdiv, but the World is so unpredictable lately, I've no idea which way things will go, but unless they reach a really good price, there's always the dividend to fall back on, mng/aviv and lgen are the only three shares i currently have in profit,I would prefer it if a couple of my dog shares started rising so i could get rid of the dead wood
have a good day my friend
Lol robleo, I think you know well now. Yes, I am getting ready to press that button, but kind of hesitant. Both MNG and LGEN are now at their highest points for a long while. They probably will suddenly pull back. In fact, MNG has already dropped quite a lot from its peak today. Hope that I haven't missed my chance. 😂😂😂
Oops I meant 240 of course not 140
Sidi. i would be happy with 140 here, whenever i see the lgen rising to a new year high, i think of you with your finger hovering over the sell button lol, i will be curious to see when you press it, i know you won't be able to resist
best of luck mate
Still more than a month away. I don't think so. 😁😁
Lol, I think you are right. Only some people are taking profit after the recent rise. It probably will bounce up again tomorrow. 😁😁😁
You didn't speak to soon Seen_it, £2.50 is assured, it's just a matter of time, question is how much higher than that can it go. There will always be ups and downs, most banks are down today as well. I suspect there will be small moves up and down till March when the dividend announcement will be made, I expect this to be a positive announcement and the dividend maintained or increased, if this happens we will likely see another rise on the back of that. Time will tell though and we could see a move north before then if the world settles down a bit.
Did I speak too soon again? It is falling back now.😁😁
I hope there is no share buy back.
I know it is supposed to result in higher share price and increased dividends. But the shares I have had never seem to get these benefits.
Highest finish for the day, and the highest level that we haven't seen for a long while. Will it carry on rising to reach my target £2.40 or even £2.50? Or will it come back down again just like always? Let's bring on to tomorrow to find out then. Good luck everyone and enjoy your evening.
It was loss making for RL, has had £££ invested in it and is still loss making….I doubt there will be much profit in a sale….esp since Succession is moving off the platform to Aviva (new owners).
Don’t expect a special dividend/ buy back on the back of this….they may be virtually giving it away.
Link please, anyone? Thanks a lot.
The article didn't say the platform was valued at £15.5bn! More likely it has £15.5bn under management.
Valued at £15.5bn aswell, surprised it not lifted sp, but city wire news also said pending announcement shortly, what they gonna do we all that money, special divi I hope, I own 17000 shares gonna buy shortly more, ya never no, but that's a fair few quid, pay debts off, give some to us shareholders ect.
Citywire is reporting that M&G has put its platform (bought in 2020 from Royal London) up for sale.
Good to see they are quitting a losing strategy and not throwing more cash into it if it is unlikely to reach scale to break even…..better to sell it and then rent someone else’s infrastructure.
Hey thriller40, what were you talking about? M&G don't have department store. Are you sure you have come to the right place?🤣🤣🤣🤣
The groups strategy of closing there big old department stores and opening new ones seems to be paying off and the revamp to the clothing range.
Yes blahblahdoh, like what I said, I have used my simple mind for the calculation. Things can't be that simple. I am sure that the BOD will have a better idea about what's the best choice to enhance shareholders' value. I hope that they will do their best to protect the our interests.
You seem to be conflating three different choices into two, SIDO. The cash can be used to pay down debt from lenders, buy back shares and cancel them, or pay out dividends to shareholders. Any combination of the three is possible, assuming cash is available. There are benefits and drawbacks to each, certainly, but they have the same intrinsic value.
Retaining a high debt ratio merely to maintain dividend rates doesn't seem like a sustainable policy, so debt reduction probably ought to be the priority. The dividend policy is worth protecting, but buy backs seem less important?