Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
That tidal surge didn't last long..
MNG have been good to me. I bought in very low with all my PRU proceeds. Today I bought more. I already have as many AV. and LGEN as I want for now.
Bought a few more.
If you sell the shares the day before they go ex-d you get the money immediately instead of having to wait for the payout. Working on the assumption the shares will drop by at least the size of the dividend, this is the better strategy. The assumption that the sp will drop by at least the size of the dividend is cannot be relied on IME. Other factors mean it might not drop at all.
I would not suggest that AB is courting a takeover, far from it, but she is best placed to be aware of any such danger. Boosting the share price would make Aviva a harder fish to swallow. And why not on X formerly twitter? Make the b*ggers pay what its worth.
Oh, do tell. Pretty please..
Apparently it is not possible to use LSE's historical SP figures due to this:
Trotsky gave a good explanation which is worth repeating:
"
AoC, the 285p figure I quoted is not my figure; it's LSE's. Check the historical chart.
I've checked some AV purchases I made in Aug/Sep 2020 and they agree with the prices quoted on the historical chart, so I think it's safe to assume that LSE has not adjusted the older share prices to take account of the capital reduction in April 2022 when we each received 76 new shares for every 100 old shares held. So, I would asssume that your (sarcastic) "think about it?" comment would be in reference to multiplying LSE's figure of c285p by 100/76 (which would give your figure of c368p, allowing for some rounding differences).
Hmm, so far so good, but what about the c102p per old share (or c134p per new share) we received as part of the capital reduction? For a proper like-for-like comparison, you'd need to either add the c134p to today's price i.e. 368p vs c551p or deduct it from the adjusted July 2020 share price i.e. 234p vs 417p. You can't simply ignore the capital return or discount it as if it was a normal dividend return (it wasn't paid out of AV's current year profits and is non-recurring) simply because it's convenient for your argument.
For example, if (say) you'd originally bought 1,000 old shares at 284.5pps (LSE's quoted closing price) on 6 July 2020 they'd have cost you £2,845. Today, you'd own 760 new shares which, at 417pps, would be worth c£3,169. However, you'd have also received c£1,018 as part of the capital reduction. QED if you'd bought 1,000 old shares for £2,845 on 6 July 2020 and sold your 760 new shares today at c417p you'd have generated a total capital return of c£4,187 plus annual dividends of c£793 i.e. a capital return of c47% and/or an overall return of c75%. Not that bad when you consider Covid, war in Ukraine, Truss-enomics, rampant inflation, near zero growth etc. LGEN (run by a man) doesn't even bear comparison (unfortunately)."
Nor can I use my broker's figures for the same reason.
What was so bad about the Stadium deal?
"[Stadium] pumped around £2m into its Hartlepool site over the last two years to create what officials describe as a European manufacturing centre of excellence." 16 Feb 2018
https://www.thenorthernecho.co.uk/business/15996227.tt-electronics-makes-move-hartlepool-based-stadium-group/
As a Stadium holder the takeover made me money, but the SP did take a tactical dive just before the deal so I could have made quite a bit more. TT Electronics has not made me any money!
RKT purchases own shares..
https://www.investments.halifax.co.uk/research-centre/news-centre/article/?id=34124477&type=rns
My advice is to hang on. It's always tempting to sell when it's like this, but I can't see any logic to sell based on what we know.
British stocks tend to be massively undervalued right now and ripe for takeover, especially those with technological assets.
Of course if you are like a certain ex-president you might need the money in a hurry, but otherwise..
HD, most British shares these days are equally disappointing IME. In a wasteland of gloom I have very few stellar performers. Despite a few rare trading opportunities my head remains pushed just beneath the waves. Like you I shall hold on and wait for the life boat to arrive.
According to that, it could also go down. I have come to expect GSK to do both.
GSK reports positive results from gonorrhoea treatment trial.
GSK announced encouraging headline outcomes from its trial of gepotidacin, an oral antibiotic aiming to address uncomplicated urogenital gonorrhoea in adolescents and adults, on Monday.
https://www.investments.halifax.co.uk/research-centre/news-centre/article/?id=16312944&type=bsm
It's a while back now, but I seem to think that the sp was reduced from 577 to 438 on the day. In which case the rise since then would be a %age increase of 577 had the exercise not taken place. The cash bonus was c.£100 which could be used to buy the shares at the new lower price if you wished.
That's my recollection, please correct me if you know different!