REMINDER: Our user survey closes on Friday, please submit your responses here.
"Glad i sold off half of my shares at 4.20 on the rumours spike, want to buy them back as i like this company, the question is when and how much more can this drop before a turn around"
robleo........AV Q3 update 16th November
I'm holding back until then before adding trading shares.
Canadian fire insurance claims could be lower than the market expectations or the opposite!
gla
Crossley
More than £75,000 had been wiped off the value of his pot in one year
But when this year's statement arrived in the post from his pension company Aegon in February he was horrified.
More than £75,000 had been wiped off the value of his pot in one year, sending it plummeting by 30 per cent.
One year away from retirement, a fall of this scale put David's well-laid plans in jeopardy.
Nervous about his nest egg, the 65-year-old home fittings sales manager has been checking his pension each month ever since. To his horror, it has fallen further.
His pension pot, which sat at £252,000 just 18 months ago, has dropped to £163,000 this month.
David, who is married and lives in London, says: 'I had a stone in my stomach when I first saw the value, I can't understand how it's lost so much.
'In the past it has always steadily increased. It would make sense if it was all invested in one stock, but I'm supposed to be in the safest fund possible.'
At 64, David's pension pot was automatically transferred by his pension provider Aegon into a fund designed to keep his money safe in low-risk investments.
The Scottish Equitable Retirement fund is 75 per cent invested in UK bonds with the remaining 25 per cent in cash-like assets.
But far from protecting his hard-earned savings, the fund has dramatically dropped in value. Over the past three years, the fund has lost 40.50 per cent of its value, according to fund scrutineer Trustnet.
This means more than £450 million has been wiped off the value of savers' pensions in this fund alone, with £680 million still invested today.
https://www.thisismoney.co.uk/money/pensions/article-12682773/amp/How-safe-pension-fund-plummet-30-year-retire.html
Lloyds BOD bonus should be structured to Lloyds 200 MA share price.
The BOD can march to the drum beat ............ the market values Lloyds 200 MA @ jam tomorrow.com and ZERO bonus!
One would then witness the break-up with LBG, and substantial cash returned to shareholders.
I doubt Number 10's ATM will ever be broken as this BOD acts like a bunch of middle-weight politicians.
BOD...yes minister!
New broom 5th November dead wood & all.
A decent entry-level LTI.
Strong support 376.2p if that breaks then more BUY's set
349p
326p
This is not a recommendation, several buys set for myself subject to the BoE governor not being replaced!!
The Bears have a grip for now and could swiftly shift in favor of HBs ........interest rates/inflation/macroeconomics/elections etc etc
gla
LTI,
"removing 4 Billion + shares from the market each and every year WOULD have a long term positive impact to the price per share."
Agree, that's the logic of buybacks.
Onwards & upwards
Https://www.investorschronicle.co.uk/news/2023/09/21/legal-general-offers-high-yields-and-limited-risks/
Legal & General (LGEN) is preparing to say goodbye to its long-serving and much respected chief executive, Sir Nigel Wilson, in December, but from a share price perspective, the second half of his decade-plus tenure has proved far less auspicious than his first. The shares have underperformed over the past year in particular, first as the company narrowly avoided being caught up in the liability-driven investing (LDI) scandal unwittingly unleashed by the government’s disastrous mini-Budget last autumn, then as higher rates hit certain parts of its business.
what matters most for income investors is whether the company’s dividend – which, given the current forward yield of 8.8 per cent is one of the few inflation-beating payouts available on the FTSE – will keep flowing and growing during a period of reorganisation and transition to new management, a looser regulatory regime and a wider invested asset base as its investment management arm expands into alternative asset classes. With so much potential change afoot, what can investors expect?
Many of the factors that affect the share price are beyond the control of management. For example, it is heavily correlated with the state of corporate credit markets – L&G is a major holder and buyer of corporate debt – along with the UK housing and commercial property market, where price weakness has an impact on its invested assets. Interest rate rises are key to understanding the nature of this correlation. While higher interest rates can be a positive for the company, in part because they drive up the return on its cash assets, they also affect both the value of its bond portfolio – with yields rising, giving way to potential mark-to-market losses on long-dated debt, the share price has been marked down in response.
The company aims to continue raising the dividend by 5 per cent through 2024, although a change in accounting methods due to IFRS17 means it must take greater account of the solvency position in relation to the size of the payout, which will be subject to an annual decision by the board. L&G says this will not affect its dividend plans, and analyst consensus has the payout rising by 5 per cent for many years to come. Berenberg analysts are on the more bearish side in believing that growth will be minimal in the near term.
Worth reading the whole article...the above gives a taste.
gla
Thank's Maninpink.
"Barratt Developments sees 10% drop in reservation rates in Q1"
UK housebuilder Barratt Developments has said it remains on track to hit targeted home completions despite a much slower start to the financial year as a result of ongoing challenges prospective buyers are finding in securing mortgages.
Chief executive David Thomas said the trading environment since 1 July "remains difficult", as the company reported falls in both private reservations and forward sales.
The declines reflected the impact of higher borrowing costs and the absence of the Help to Buy scheme, which accounted for 12% of private preservations in the first quarter of last year.
Net private reservations per week average 169 in the first quarter, down from 188 the year before, with net private reservations per active outlet per average week falling to 0.46 from 0.55.
With the reservation rate falling, total forward sales as of 8 October totalled just 9,221 homes, down from 13,314 at the same point last year, at a value of £2.36bn, down from £3.60bn.
Barratt said it is now 60% forward sold with respect to private wholly owned home completions, down 10 percentage points on last year.
"The trading environment remains difficult, with potential homebuyers still facing mortgage challenges. Against this backdrop, we are focused on driving revenue whilst continuing to manage build activity and carefully control our cost base," Thomas said.
Nevertheless, Barratt still reckons it will deliver total home completions of between 13,250 and 14,250 during the fiscal year ending 30 June 2024, and said all other guidance remains unchanged.
"Whilst we expect that the backdrop will continue to be difficult over the coming months, we are a resilient business with a strong balance sheet and a highly experienced management team. We remain committed to building the communities that our customers want to live in - delivering high-quality, sustainable homes at competitive prices to help address the country's housing crisis and drive long term, sustainable growth for our business."
BDEV........... RNS hurt most HBs in early trading.
LTI
"Maybe an extra buyback amount at Q3 will give it a little nudge upwards if the BOD's decide to alter policy."
So in your own words buybacks should give a little nudge upwards with the share price.
OR
Whoopee, more buybacks stopping the slide into the 30's trading range even though the net asset value is XYZ .....YES, the market determines the price!!
A new build house 500k, the buyer says please add 200k extension, the builder adds the extension and asks the buyer......just out of curiosity why did you add a 200k extension?
The buyer said ......to stop the value dropping to 300k!
Aviva PLC - London-based investor - Ahead of investor and analyst briefing for its Wealth division on Tuesday morning, says the UK's wealth market is set to nearly triple to GBP4.3 trillion in the next 10 years and expects to capitalise on this trend. Says Wealth division has 5 million customers, which "provides a major opportunity to deepen customer relationships, grow [its] leading retirement businesses and generate additional flows to Aviva investors]." Adds it is expanding its direct wealth capabilities to "take full advantage of the significant opportunities" in its UK customer base.
gla
A shame that the buybacks are mostly above todays average trade price.
Pay an increased dividend and I will buy/add lower on overall market weakness!!
Buybacks = a small increase in EPS, which isn't organic growth.
I'm looking to add in early 2024.
gla
BWY 17th Preliminary announcement
gla
Morning Guys,
HB's .....I'm in BWY, BDEV, TW & trade VTY. Also PSN!
I think there will be further pull back due a longer period of high inflation.
We live in a world where media Shills yap 24/7 about zero fossil fuel/energy.
With no consideration of the knock on costs to industry from manufacturing to retail.....the real world knows its NOT transitory inflation.
FOOD Production is lower due to high fertilizer costs (industry used minimum) artificial fertilizer Nitrates manufactured from oil! Not wind turbines!!!
Fertilizer cost is higher than the cash crop...so the industry has lower yields AND world inept Government's yap climate change which is total guff!!
PUTIN
Very few countries have contingency plans.
So if a war breaks out ? do we all look at the headline news or put a contingency plan into operation.
Until the world has a proper discussion how to exit fossil fuel with a clear functioning model then its just going to be more shills yapping and more inflation.
Mostly ALL commodities are bought in USD which has also added enormous pressure to world inflation problems.
Back to HB's shares....will add more after updates early 2024.
ATB