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We dont live in china so we will be ok, this has been brewing for a couple of years so that maybe why the market wasnt bothered by it today?
Evergreen to be liquidated MY GOD WHAT DOES IT MEAN TO US ???
Yes stevebt, just like LGEN and MNG, AV often dropped like a stone after going ex-dividend, not long to wait now, hahahaha.
You easily get your AV price as you just need to buy after ex day
I know Gary, it has not always worked. I also have sold my AV. at 415. Now it has gone up to 430+. Need to wait until it drops back again before I can buy them back. So is HSBA, lol
I've recently done the very same thing twice with AV, LGEN & PSN. On both occasions I made some good money but the pesky shares have all gone up since I last sold so I'm patiently waiting for a drop. Good luck all & I only have myself to blame, ha!
...bought them 'back'...
My average was 1236.5, but I have sold them when the SP has gone up to 1475. Then I have bought them when it fell back to 1401. Bought with the money from the sale and got an extra 82 shares. I did the same thing with TUI and got 444 extra shares, which help me to earn an extra £1k of profit.
Sell and buy back is risky but it's well worth it. If you time it right, then it will be profitable. Of course if you time it wrong, then it probably will cost you a lot though. So, this is what we called: you win some and you lose some.😂😂😂
Isn't it strange when the share price is historically low we buy causiously as we think the share price has further to fall, then when it starts rising we want it to fall back again so we can buy more to either average down or to buy in at a lower entry price.
My average is around £15, I've reinvested past dividends and any extra spare cash into Persimmon over the past few years but I feel I should only be investing wisely if I'm lowering my overall average share price, rightly or wrongly who knows?
Wish I’d bought more when I bought some at £11.
My other buys were £15, £14 and £13
I did think that we would revisit 14 as gapes to be filled
Denny your guess is as good as mine, there is nothing to say it won’t drop a small amount but I think we have found a new bottom??
Will our SP DROP ANY MORE ? Stevebt If this happen.
The house builders aren’t going to start new sites off with no sales or very few in a time when not many people are buying.
"New Government figures showing a sharp fall in the number of new housebuilding sites breaking ground has prompted accusations against developers of constraining supply to maintain high profit margins.
Data from the Department for Levelling Up, Housing and Communities, led by Michael Gove, showed the number of sites where building work started on site was 21,300, down 68 per cent between 1 July and 30 September, compared to the same point a year ago."
"Charles Breen, owner of mortgage broker Montgomery Financial, told the Newspage agency the fall in housebuilding was 'a cynical ploy from developers to constrain supply so as to keep the prices up and their profit margins high, and ultimately serve their shareholders.' "
That’s it Gary. Endowment not indemnity. My mind is not what it once was!
I am not an expert on this, but it probably will keep on paying the dividend, with no increase in payout untill things get better, only just a guess.😁😁
Crossley ... "why I was paying £546 I’m unsure".
Could it be & as I'm of the same age as your good self, a lot of owners chose (or were rather ill informed / mis sold) endowment policies.
That could be it mate.
But what effect will CRST’s looming update have on the sector tomorrow? With the dividend looking like it might get severely slashed or maybe completely suspended ?
Any views on this?
Yes, quite likely, perhaps as soon as tomorrow.
Here we go, onwards and upwards!!
Afternoon Dowsie
I initially bought my first house with my best mate as we both wanted to get on the property ladder in early 1988.It was the only way to get in. I was 20 and just come out of my time as an apprentice at RR. My initial payments were lower and over 25 years. I think there was no such thing as fixed rates back then, or not much interest, but like I said the £546 was in ‘90. I believe the BOE rate was 15.5% so why I was paying £546 I’m unsure. Maybe it was something to do with the good old indemnity?
Crossly I borrowed 31k on my 2nd house and when interest rates went up to 15% I was paying 330 pounds a month my take home pay was 600 pounds a month and I had 2 children so just to keep the house my wife got a pt job in the evenings BTW my mortgage was over 25 years how many years was yours over when you borrowed 35 k
That was my highest payment. Think it was 08/91. Had a good year or two of the rise in house prices at the back end of the eighties then, well, we know what happened then.
Those figures represent a figure of 18.5%!
In comparison, still owe just over 255k with interest only payments of £353 per month.
Due to the cost of living crisis i want the stock market to drop 15% LOL so i can get some more shares
“ old repayment book out. 35k mortgage. Payment £546.30”
Tell kids that today and they won’t believe you!!!!
Your and my mortgages were probably during the period of a proper house price crash and substantial negative equity.