Member Info for AllAtSea

Nothing seems to make a lot of sense but I have got back into OCDO and I hope it's a good price. Last time I was in it did ok for me.

Whilst not out of AV. I am in MNG which is also on board but in the posh cabin

Took profits from some stocks. Think I might pick up some of these later on, hoping for a late Friday fall.

In the wake of this virus I am looking less at dividends and more towards stocks likely to recover, the faster the better.

I have reduced both my bank exposure (to zero) and also insurance. As an example of an alternative I bought RDSB after they cut their dividend because they were cheap and their dividend cut seemed to make more sense than Av.'s. I think their recovery will be a good deal quicker. I did also buy LGEN and MNG and sold some ex-d for a profit. I've had MNG divi and LGEN's is imminent.

I also got more PRTC but that's speculative. They pay no dividends but have made me some profits in the past.

It's lucky I don't have to earn a living doing this!

I used the virus drop to switch out of HSBA. All I had to do was find stocks which had fallen enough to make the transfer a level playing field and then pick those which were not so exposed to global politics. Job's a good un. I'd be happy to return to HSBA if November brings good news and I can then get back in below 400.

After the drop due to CV19, there are plenty of stocks that appear to be a strong buy. Some of these did not feel the need to cut their dividend either in response to the virus or simply because of government pressure.

When AV. reduced its dividend for no obvious commercial reason I took losses and reduced my holding by 80%, using the funds to diversify and also do a bit of trading. For the time being I will keep the remaining 20% since I like variety in my portfolio but I can't see why it is an exceptionally strong buy, especially when the management seem so weak and have so little regard for the company's shareholders.

And I just received my substantial dividend from MNG, a reminder of what I should have been paid by Aviva.

Beginning to to think it might be time to get back into this stock. I feel there will be more dips in the medium term but long term it must have a lot more potential than the other UK banks.

There's no sound basis for expecting a sustained rise (recovery) that I can see. More likely the markets are driven by irrational exuberance and impatience. But that can be used to make profits.

Trump might fail to do anything of the sort. If there was a surge in the tide it's likely to prove to be just a bubble.

Trump's a second termer and a reality show president. He won't care about fall out so long as he's elected.

So you cut the dividend then announce a share buy back. Anyone explain the strategy? There is a strategy, isn't there? Not just a knee-jerk?

"Top-rated companies including Disney, Apple and ExxonMobil have borrowed a trillion dollars in five months to boost their balance sheets against the coronavirus-induced economic downturn."

https://www.ft.com/content/099099e7-615e-447d-a665-b3614d467dfa

Boosting your balance sheet through debt or simply cut the dividend?

Started seeing contrails again.

China’s Sinovac Biotech gets funding for Covid-19 vaccine development

https://www.pharmaceutical-technology.com/news/sinovac-covid-19-vaccine-funding/

Just for a moment I thought LGEN were falling behind.

Wish my sixth sense had kicked in in February.. But at least I sold my place abroad last year and kept the proceeds in cash. Pure luck.

I'll sell a slice at 245, other things being equal. There are other fish in the sea besides AV.

Gazprom, eh?

Can I recommend : "Putin’s People: How the KGB Took Back Russia and then Took on the West"? Eye-opening stuff although I never trusted the Russian governments, red or white.

As for your query, without doing the maths, I'd guess the margin is too small to give you more shares.

Aviva is always undervalued, has been for years.

Dumped a third for a small profit and got back into XPP below 3000. Bargain I thought.

I did well out of having AZN for a week but not as well as if I'd held on. It's too high now IMO, I suffer from vertigo.

..now I am back in.