Member Info for Andyagogo

May need wider equity markets quite a bit lower
to get in to single figures.

Given the news over the weekend lower down at the open perhaps.

...more a testament to people misunderstanding the stock market
and risk calculation.

Still well over 15 in old money.

Can easily go lower imv.

Which are No 1 in Labour nationalisation plans,
have been rising for months.

If anyone is thinking of investing for a Tory overall majority,
or Tory minority government , you are late to the party.

If things really start to get messy, can see PRU under £12, just IMV.

From my understanding by far their largest financial commitment
is in a London commercial property development.

M&G have recently taken an 8% stake in SCS plc.

The timing of that may prove dire imv.

Political betting is not for me.
The comments were made only from an investment perspective re MNG
as a UK domestically focussed business.
As mentioned it's a guesstimate, prescience alludes me unfortunately.

This is not a political point...a Tory overall majority
should see a nice bounce in UK focused stocks.
That's all other things being equal, as a lot also
depends on how wider equity markets trade.

Another hung parliament is not what markets want to see.
It looks like a comfortable Tory majority government at this point,
a lot should be clearer over the next two weeks.
Polls moved markedly during the last campaign.
I don't see that happening again, at least not to that extent,
however only my guesstimate.

Need to get a general election out of the way first.

Longer term they will need to grow the asset management book
to offset the run off in the closed book - that won't be easy
with growing dominance of passive investment.

And is why I would expect a fat yield to reman as compensation.

Need a new investment manager ..?

How much has the investment in Kier cost them ....?

Some really poor stock selections which have cost the Trust dearly
over the past 2 years - very disappointed.

Yes they have. However the fall in recent L4L revenue reported
last month might be worth keeping in mind?.

Think this is a solid enough company, however the retail backdrop appears to be
weakening and operational gearing can bite hard on lower sales.

Position should be clearer when they next update.

Think this is worth watching. Not currently holding.

Why?

Erm...because there will be a new CEO.

I see the obsession with the dividend continues.

Would agree fwiw.

Expect plenty of volatility here if SLA or PHNX
provide any guide.

Firstly, PE as a valuation metric for IMB is rudimentary
net debt compromises the bulk of the current market cap.

At some point they will need to pay down more debt, that's not happening atm.
Given this the dividend at the current level is unsustainable imv.

Lastly, I would question whether NGP will Ever make a profit.
It's currently loss making and the 2020 break even point appears
to have been dropped. It's never never land stuff.

As there is still prodigious cashflow here, there will be opportunities.

As always all imv only, please dyor.

The CEO, and from memory also the chair are going,
so the payout policy may have more leeway for change than anticipated.
As the SP is about 10% lower in a week and was around £26 a share just
12 months ago, any potential change in dividend policy is
peanuts to the 1 year capital decline

Firstly a dividend policy can be altered at any time, at any time.

And more importantly the fascination with the dividend is preverse in
the context of a cratering share price.

The over focus on the payout while capital value is being whittled away is bizarre.

With respect, some people need to wake up and consider total shareholder returns
which includes the performance of the share price.

Well I suppose it's a case of how you define ..very unlikely.

Added a small amount yesterday, the majority of my investments are through investment trusts.

The only real issue with that is it gives some indirect exposure to a few individual stocks
that I would not personally hold, but kind of goes with the territory.

No you haven't.

The question was asked on what would happen if there Was a dividend cut.
So it's a speculative question and the same applies to the answers.

The VOD SP was around 1.30 from memory the day before the dividend cut.

The market is less concerned with the level of the pay out,
it's the perceived sustainability which often drives sentiment.

Many PI's looking at this from an income perspective don't tend to fully
appreciate the market viewpoint - sustainability rather than total amount.