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Hi Abject, It is all down, I guess, to what is your level of taking a profit. Some are happy to exit after a 10 to 20% rise, others like myself prefer to hold out for more but at the end of the day you have to exit when you are happy. Just remember that there will only be a buyer if that buyer thinks they can get a bit of profit when they buy your shares. I personally see this as going a lot further so for me this is still a buy. You could hedge your bets and take your initial stake plus 50 to 75% of your profits and leave the rest in hope of further gains and the dividends. This would then be at no cost to yourself and you would have banked a profit and a win. Just a thought. Whatever decision you make then good luck. Regards, S
Would it be a silly decision? Just your opinion not advice
Only you can make that decision
Wondering whether to sell my funds here now and move them to phnx who are down but doing well?
Nice going and brilliant average.
Still think myself that it has further to run ,had an original target of £3.30 .
Think that it still have further to go ,but could also think longer term and collect the divi .
Great trade affmaead! I only managed 5500 @179p as all I could pull together. Average is 185p for 15,000 shares. . Got a major dilemma now. You gonna take any profit ? I'm thinking this can run further ...their forward income guidance is based on 5 interest cuts this year which ain't happening! Max 2/3....also like I said the structural hedge is a major income stream
Bought 10000 at £1.78 and have done a couple of top ups now sitting with 15000 at £2.01 and a 1380 divi on Monday .Thought at the time what a bargain,and well done to all that got in then .
Well done the chaps that bought @179p in October during the ridiculous sell off because they changed their NIM guidance by 5 bps! 70% return in six months was a total no brainer at the price. Tempted to take profits but looking at the structural hedge , it a major tailwind going forward. Stil only trading at NAV. Well done holders and GLA.
I'd been waiting for the 3.01 gap to close and ended up cashing out at 3.06, still have another £947 coming in at the end of the month via the dividend.
This is still just 30p in pre-consolidation terms so in my opinion a long way to go as the Government continue to reduce their holding.
BC
Sterguson91 - I have just one comment on your explanation. The assets of the company are reduced but with fewer shares the amount of money paid in dividends gets to more per share (unfortunately bonuses will also rise).
Also is the money is from cash earned then in future that money given the same earnings can be used for growth, investment and larger dividends.
So there are plus sides to the share buy back.
I’ve just sold my holding I bought at an average of 212p in mid Feb. Concerned about the PCE US inflation number at 1:30pm today and the knock on to the FED interest rate dot plots next Monday / Tuesday. If US 10 year yields hit 5% the US market may tank. May be back if things get ugly
Gap watch NWG - 289.9p gap closed today
Bunch of very ugly lower gaps out there - all just a few months old - have to wonder what could happen to get them filled - HMG sell off this summer?
2nd-3rd Nov 23 - 182.35p
20th-21st Mar 24 - 246.6p
21st-22nd Mar 24 - 253.8p
27th-28th Mar 24 - 263.1p
9th-10th Mar 23 - 289.9p - Closed today
23rd-24th Feb 11 - 471p
11th-12th Dec 08 - 648p
Based on LSE tech chart --- https://www.investopedia.com/articles/trading/05/playinggaps.asp --- https://allstarcharts.com/gaps-need-filled/
Still a cheap share IMO with that PE and dividend cover.
Looks like it will be a 5-10% day here.
Looks like might be happening
Profit 10% more than analysts expectation.
Not much in the news yet, better than expected
Hope is looking like it's not needed.
Lets hope NWG gets their Barclays moment tomorrow.
OLR - my answer on Barc board also relates to NWG
Asp
Same answer as the Barclays board.
Yeah, the dates seem cherry picked and are noise rather than signal.
The share buyback will mean we get a larger stake in the company and a higher return on future dividends.
All in all, positive for NWG and us.
Some price gaps in the chart, some people think they always get filled, likely do after a big move but doubt these tiny little ones will, hopefully just positive moves to the upside and more likely (hopefully) that it holds above the consolidation and price break above the 256 and 280 mark
What's this random bunch of dates showing?