Member Info for Andyagogo

You mentioned it before I did - read your own post.
And I could not give a flying fuk about it.

Markets are lower because of the US manufacturing data yesterday.

It suits me for PRU to be available lower down, as previously mentioned.

Under £13 is my add level, however might compromise a little on that.

China and India were closed for public holidays, so difficult to judge those markets.

And requires a two thirds majority in the Senate, it's a non issue.
The GOP control the Senate.

Agree with that for sure.

However it is worth keeping in mind we are 10 years in to a bull market.

It's perhaps easy to forget that with all the background noise.

Impeachment is a non issue.

Nowhere near the majority in the Senate required.

Reportedly IMB has been one of Woodford's top recent buys.

The others being BT and IAG.

Terry Smith sold out of IMB a couple of years ago and as per usual
timed his exit to perfection.

I've not given IMB a sell. I disagree with the dividend policy and buy backs.
Also think a new CEO is needed, plus a review of their NGP business.
There needs to be a greater focus on debt reduction.

I think any of the above is reasonable and expect all of the above may happen within
2 years max, it may be within 12 months imv. People have different views and
appreciate others may see this very differently. Forums like LSE are about an exchange of views,
I don't possess the gift of prescience, unfortunately ).

I made the 2009 reference as the current CEO was appointed in 2010.

I am more than aware that longer term quality companies appreciate very nicely in price -
Unilever is my largest holding.

The mistake many PI's make is looking for high dividend yields, often a warning sign,
rather than focussing on dividend growth and sustainability.

I also hold RYA, which pays no Dividends, but buys back shed loads of shares.

I'm not making a buy case for RYA, it's far to volatile to be suitable for most investors.

Giving a personal view only of what I think should happen.
It's also what is going to happen IMV.

BT will be next to cut their dividend imv.
As with VOD the SP should respond positively.

Luck with your holdings.

Net debt is around £13 billion, debt reduction should be the focus.

The SP is now not far from the 2009 lows, somewhere around £15.50, from memory.

You might want to look at how much Alison has made during her tenure as CEO.

VOD cut the dividend and surprise, surprise, their SP has significantly perked up.

The market is concerned with sustainability rather than the dividend yield - Income seeking PI's
may view it differently.

Let's see how the full year looks.

New CEO and Chairman, Chair or Chairperson if you want to be modern.

40% dividend cut and new dividend policy linked to EPS.

Review of their NGP strategy. Are they throwing money at a category that will
never produce a profit?.

What part of the post do you disagree with ?.

I have an indirect holding to IMB through an investment trust,
mercifully it's small at around 2.5% of their portfolio.

I've been critical of the IMB dividend policy previously.

Risk getting badly burnt imv.

Posters keep banging on about the dividend but no mention of the capital loss,
yes aware it's only a loss if you sell etc.

And now some questions raised about their accounting methods ?.

It paints a vulgar picture?.

Remember September is usually the weakest month of the year for equities.

You might as well ask what are tomorrow's lottery numbers.

There is a wider context to stay mindful of - we are 10 years in to an equity bull market,
that's geriatric on any post WW2 metrics.

PRU, in very broad terms, should outperform in bull markets
and the reverse also applies.

I would tend to hold off a little while longer - however that is very much a guess only,
do please DYOR.

Or rather than waiting for an exact price, scale in slowly the additional shares you want
at set levels.

Good fortune.

Down around 12% since my last post.

Only creates value if profitability can be maintained longer term.

Where is the strategy to grow the business...? To grow in emerging markets etc...

I'm not making a case for acquisitions, however the company appears perhaps pedestrian,
is there a solid longer term future ....?.

Would appreciate any view on the above, thanks. As always all IMV ONLY, please DYOR.

What I do know is I have an indirect holding in Ping An through AAIF
and if their entire portfolio had performed as well recently I would be quite rich.