Member Info for AllAtSea

Interim XD 24 August so not all bad! Got a bit more cash coming next week so might get in even lower.

LGEN hadn't dropped when I did my transaction. Down a little now, but not like AV. The rot seems to have eased for now, we'll see when the yanks arrive in a few hours.

Why has the AV. price dropped?

Can't spot a problem so I got a load more. Was I wrong? What did I miss?

Seems to have a lot of potential upside to me. I awaiting a dividend from elsewhere which I hope to use here if the price stays low.

SP down

Poor old UK indeed.

But are you a 'bold investor'? Do you have a distant horizon to work to?

https://www.proactiveinvestors.co.uk/companies/news/1020666/are-you-a-bold-investor-time-to-rethink-the-london-stock-market-1020666.html?rel=scroll

Personally, I am not that bold. The UK has put itself in a bad place believing it was some kind of world-beating influencer.

Overseas opportunities beckon.

Haleon planning 'hundreds of job cuts in the UK and worldwide'.

"We've announced internally a number of changes across our global business this week, as we continue to evolve Haleon into a more agile organisation,"Haleon spokesperson said in an email to Reuters.

Those laid off are expected to leave in September.

I am fully invested. Payment 28 July. Other things being equal (unlikely) the sp will drop to 488p.

Fortunately it is the Conservatives who will manage this plan, so there is obviously nothing to raise our concerns.

My recent transfer went through very easily. At first I tried to deal with it myself and it proved a nightmare so I found a financial adviser to do it and it went through in days. I'd have transferred my funds to another Aviva product if they had made it easy but they don't and so I had to take it away from them. It's a shame because it'd done well under their management but it simply didn't allow flexibility. Having read the problems others have had I feel like I have won the lottery.

Thanks Warthog4. The contrast is staggering.. Enjoy the sun.

"Fidelity Special Values (FSV) manager Alex Wright says politicians don’t want to admit the fact that it is Brexit that has caused the undervaluation of the UK stockmarket.

..

there was a change in equity ownership from UK defined benefit schemes to other types of owners, international investors and UK retail and DC. Unfortunately, and again, politicians don’t want to say this, but it’s very clear what’s caused the undervaluation, it’s Brexit. You can see it to the day, that international investors have disinvested from the UK market after the Brexit vote and the uncertainty that that has created. That is the key reason. So, I think if there was a change to allow more equities in defined benefit schemes, that would be a positive, but that is not the negative that’s caused this underperformance over the last five years. Unfortunately, it’s that Brexit vote.

..

what’s encouraging is obviously, you can see that trend is slowly reverting. So, I don’t think it’s going to be quick. There’s no one big catalyst like there was that negative catalyst on the Brexit vote, but that slow change in momentum, hopefully, that will feed on itself over time. If the UK market continues to outperform, it will be more difficult to ignore because you’re missing out on performance."

https://citywire.com/funds-insider/news/fidelity-s-alex-wright-brexit-is-uk-s-big-problem/a2419625

"Somewhere, over the rainbow.."

I've hung on for a bit more of rise then will take stock before a probable fall in July.

"..for all the heavy lifting, the share price is still lower than it was a decade ago. That needs to be seen in the context of a smaller footprint, but a troubled past has also played a part, she admits. “Aviva of the last ten years has been an inconsistent performer. I think there’s a little bit of that that still sits in investors’ memories . . . ‘Can we trust Aviva?’ ”

It's been a volatile though, so plenty of opportunity for trading on the back of fear.

"All these high dividend stocks seem to be in the same boat i.e. declining or flat. Endlessly tipped by Fools."

Bought POLR in April at 489. It's likely to announce a nice dividend in a few days. Do not buy any, it could go down as well as up.

Comparing national situations to our own household economics doesn't work, especially in the case of the USA.

Of course the wealthy repub right wing love to fool people into believing there is a comparison because it helps them to argue in favour of spending cuts that will enable tax cuts so they can keep their ill-gotten gains. One day they WILL summon up the courage to trash the economy. Take a bow, George Osborne, Boris Johnson, Liz Truss. Kwasi Kwarteng

The USA is still easily the richest economy in the world, unlike you or I, its life expectancy is immeasurable and intellectually De Santis doesn't measure up to Mickey Mouse.

Once this gets fixed, probably late Wednesday if at all, I have a feeling AV. and others will recover a bit.

Any views on this particular aspect of our mad world?

"US 'careening towards bankruptcy' warns DeSantis as debt ceiling vote looms"

I can affirm that: "Careening is a method of gaining access to the hull of a sailing vessel without the use of a dry dock. It is used for cleaning or repairing the hull.", so what exactly is DeSantis telling me?

Bought a few just now.

The difference is that if you bought low you will be able to realise profits, which if you add into the mix inflates the return relative to the length of time you held the shares you sell. It's a one-off gain of course and afterwards the return is based on your next average purchase price. It's a moving target.

I'm out of banking for now. People keep telling me to buy this bank or that bank, but there's a lot of loss still being held in banks. I can't help them with that.