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I think with Theresa May now coming to power there is confidence within the Financial Sector that she can negotiate well on behalf of the city. Good news for SL.
Oops.....looks like I've spelt it wrong again....Apologies. Anyway, to re-iterate. No one has a crystal ball and no one knows when the best time is to either Buy or Sell. For most of us on these BBs, we're as far removed from MMs as any one will ever get...but that's the fun of it really. I've never been a gambler but the old argument of "Never bet expecting to win but if you do it's a bonus" has never rung more true than now given the exceptional times we all find ourselves in.
Apologies for mis-spelling your "handle"
Not quite yet, for me anyway. But I'll be in again if there is a serious drop below £2.60 in the next few days. As ever, it is all about timing and opportunity. I may be wrong but around this level, as "derivativetrader" said last week, "fill your boots and let time do its thing". I rather like that comment!
Looking like some buyers may be liking the current buy price looking at the buying after another drop in share price ,are some buyers thinking is this close to their buy in price
Great week here. Sl investment funds performing well to boot too!
Its that time..... where you fill your boots and let time do its thing.
"given the impressive terminology you use!" - All the gear and no idea! comes to mind although we are thinking along similar lines. (conformation bias!) Price sticking around 266 now and broker wont let me do a trade plan again due to market events. I tend to buy early generally anyway. Even 255 gives 7% divi. Well worth a good compounding IMO although 250 is better. Still there might me more events ahead even if we miss out today
Gerry, when I said "been in this game far longer than me", I wasn't specifically referring to SL but the financial world generally, given the impressive terminology you use! No one is as old as me and I have been in SL since demutualisation in 2006. Never regretted it. As we all know, markets have a way of correcting themselves over time. Who knows if SL will go lower. It may, it may not. By the way I shall NEVER give advice on when to Buy or Sell. That must be up to each of us individually as our own financial circumstances dictate. All I will offer at the moment is that I intend to HOLD all of my SL Shares and enjoy the Dividends I am also poised to purchase some more if it gets closer to £2.50.
Tune, I doubt I have been in as long as you unless you joined the party late. grahamsturman specifically asked you for comment and I added my tuppence ha'penny after having a peek on comments over the weekend. Maybe I have a better time horizion than graham and your prospective might be welcome. SL still drifting lower so my last two top ups underwater so maybe Im not the one to ask. Still wondering if I can get more under 255. I tried on the Friday unsuccessfully hopefully gremlins sorted. Maybe Im just too impatient!
Gerry557, wise words from someone who has clearly been in this game far longer than me.
Glad you had a great time. TV comments I heard today say 60% of the French want out. I dont know where they get that from, pollsters maybe but look at their recent track record! grahamsturman - I hope your a young 65 and your looking 30 years ahead. I dont know what will happen over the next few years but shares do go up and down. Hopefully you can gather the divis along the way and reinvest on dips and or sell a few after they have risen. I too think it will be a bumpy ride but hasn't it always been? I suspect you might have to look at you attitude to risk, how much your down (it only paper losses atm) and whats your breaking point, some set stop losses to take away the emotion. Buy high sell low ....... is not the usual call you here for great investing but you have to decide what to do based on all your known factors which we dont have.
Sorry Chaps, I have no crystal ball as to where, or in which direction, SL will go in the next 2-3 years and Yes it was an interesting and illuminating experience from what I gleamed, albeit briefly, with those few Restaurant Owners/Locals in Lisbon. Mind you, Portugal were playing Croatia at the time! Whether that snapshot of views expressed is representative in other European Countries is not for me to say. But what I can say is that I do believe this Referendum result is a huge Wake Up call to the Political Elite and Establishment Luvvies who are so out of touch with their Constituents, as are those over-paid unelected Bureaucrats in the EU who choose to party in Strasbourg, Brussels and Luxembourg at OUR expense. For me, I am pleasantly invested in SL and enjoy the Dividends (hence my trip to Lisbon). Next trips planned for us Lads (WAG Free!) are Seville and New York. I shall continue to watch SL closely and will have little hesitation to jump in again if I think the timing seems right. But that timing is, of course, subjective. By the way, I did share a fairly small Ministerial Private Office for 1 year with the current SL Chairman when we both worked for Dr (now Lord) Owen in the mid 1970s when he was Minister of State for Health. Needless to say, Sir Gerry has done significantly better than my humble good self since then!.
I totally agree Tune, interesting to hear the opinion of our friends on the continent too.
hl I am 65 myself got about 4 investments SL being 1 of those with this big drop in this share if u say we are in for a bumpy ride for the next 2 to 3years do u think that this share will not move much in that time I hope it does because I haven't the time to old for years
To all who have commented/expressed views on Lisbon Food and all things EU. Just got back from Lisbon. Didn't go to suggested A Pacanho but we found a good one called Rua Alto do Seculo in Princepe Real to celebrate my Big 65 the day after Referendum Day. Anyway, onto all things EU. Interesting perspective with numerous Bar/Restaurant owners in Lisbon who believed UK were trail blazing and they wished their Government gave them the same referendum. They would also vote OUT. We are indeed in exceptional times and I am delighted to be living it. By the way, despite the 1832 Reform Act and Secret Ballots, I voted OUT with all the passion I could muster and did it for my Son, his Children (whenever that will be) and their Children. There will undoubtedly be turbulent times ahead but ride it out over the next 2-3 years. The final outcome will be jealousy from many other EU Nations shackled by the EU and hopefully the demise of the EU in its current corrupt and unaccountable form! Nuff said.
With the benefit of hindsight, yes I should have waited. I tried and failed to add more at 250 ish but eventually managed to get into my account and added more @283. Hopefully Monday things might become a little clearer. Maybe brokers will allow limit orders and trade plans and get back to some normality. Hope might return if we can win a football match tomorrow .... Its only Iceland! Back to top ups, what price for the next one?
Straight in my ISA. Great buy at discount price.
Could be a good buying opportunity here?
RRS up 29.4% FRES 18.2% CEY 11%
Sorry - just re-read my post and had meant to put in another observation - that wasn't the only insurer falling back - from earlier strong gains ( I have a couple of others like LGEN on my watch screens ) Anyway - at least looks to have pulled back some of the mid-afternoon dip. Good luck tommorrow on all your holdings.
Probably a lot of twitchy investors with the EU vote appearing to be a close call, perhaps less confident of Remain winning out as the polls are active, who knows!
Looks like the sellers are in the ascendency at the moment - SP now gone Red. Real question is - why are they selling now - when could have sold this morning for nearly 10p more ?
The potential yield should supply some buoyancy .i have decided to hold and risk a brexit. Could not agree more with your final sentence, we are in a complete pickle as a result of what amounts to money printing, the payback will have to come and it could be nasty.
Beginning to think not much headrooom left for a relief bounce on a Remain - but it's only about 6 months since we were over the £4 level - so who knows - and the last 6 months has been skewed by the Feb "crisis" and "brexit" Looking at recent prices over the last year - where we are is beginning to looks like a pretty decent price - even if not the top - certainly better than some of the many troughs. Looks like may have some profit taking from todays peak - some could even be sitting on 50p rise from recent Brexit panic low - but happy to see it continue it's upward trajectory - even if down a few p from this mornings high - but would nice to see it back at least in the 360p range now Brexit may be out of the way. I agree - there is going to be lot of infighting and recriminations in the main parties - and the factions of leave in particular I suspect if markets are correct and it is a remain. Anyway - the real big question for next week - assuming a Remain - is what crisis the markets will focus on next - and what excuses the Central Bankers use for not pulling us out of the mess of "QE and emergency rates".