We would love to hear your thoughts about our site and services, please take our survey here.
David, only someone with such a negative outlook would say that. It was Investing. com, backed up by the London stock exchange site.
Meanwhile, did you buy a few trading shares when it plummeted? You should have, if you've learned anything about this company.
Gary, you're looking at one right here. Given that an accepted value of 14/1 is a fair value P/E and the lower, the better, LGEN sits at 6.5 according to the top of the page. Historically this is very cheap. And there are loads of them.
As for which will be sold, that's guesswork. I'd like to see ITV bought out, but I doubt it will happen.
I very much doubt they know anything.
It's much more likly that they just know that it WILL happen. Most likely their thinking is that it will happen in 2024 and that will be good enough. We want it to happen in Q1, but we're impatient PIs.
The timeline is not the priority, although, obviously, the sooner the better.
The end result is what's important and they're obviously very sure they'll get it.
"They simply don’t want to admit it’s for sale. That’s all the ongoing SR is, a smokescreen"
Mostly right, I'd say. But probably not for good reasons.
Look at the logic.
We're desperate to sell and we know there are very interested buyers, who will happily pay what it's worth, because it's only going to be worth more later.
Except there's one thing missing. Nobody genuinely knows the money numbers, hence you can't give it a definitive value.
We're miles away from a sale, imo and as the market comes to realise it, so I'm fully expecting to add more at way lower prices than it is now.
I firmly believe we'll get our payday, but it's at least a couple of years off, imo.
Ah, investment.
I've watched the numbers here for about 35 years, on and off.
And the lack of it since WW2 is the biggest reason for our decline, imo.
Typical UK. We want and expect it all for nothing.
Eventually we might realise that something needs to change.
As a socialist, I'd nationalise water, power and the railways immediately.
The tories spent £35 billion on the track and trace app FFS. Yet nobody is questioning that hence why would anyone quibble about taking what was basically stolen from us, back?
Starmer won't even think about nationalising anything.
Don't worry chaps. LGEN is still a good investment.
It's exactly the sort of thing he will have to pander to.
As for a trade deal with the Yanks, we're totally inconsequential to them.
I'm sorry, but we really need to move away from this thinking that we matter anymore.
All we're good at nowadays is money. Hiding it and how to move it around, imo.
It's why the likes of LGEN are a good bet.
Corbyn is a Socialist, who campaigned exactly as he believed. He lost, so resigned, simple.
Starmer is a pragmatist, exactly the same as Blair and any tory you care to name is. They'll tell you what you want to hear.
As someone who would probably describe myself as a pragmatic Socialist, I 100% know how that thinking works.
Your "true colours" comment probably gives you away.
It matters little to me nowadays, but I have learned one thing; the right wing press in this country will never allow a proper debate.
A massive example of the way the Daily Mail, for one, thinks, is that eliminating/halving inheritance tax is going to be a vote winner for the tories and they're apparently going to announce it in the spring budget.
That's the agenda that this rag puts forward as a massive vote winner. Yet it only affects 4.5 % of the population.
So blatant is the paper's owners agenda, while they live in the British Virgin Isles, I believe.
Yet strangely, it's my favourite online newspaper.
Not for it's views, I hasten to add. It's the comments that I like.
Ah, I probably should have clarified. I was given the sort of "all clear" 2 years ago. It's 5 years officially, to be classed as all clear. Throat cancer right in the middle of the lockdowns. I was lucky in being treated at all, but it's another long story, which I won't bore people with.
A torrid time, but it gave me an entirely different perspective on life.
I've noticed I actually laugh out loud a lot nowadays, which can never be bad :-)
Oh, I forgot.
£730 for the two of us for two weeks, flights and bags etc included. An absolute steal, even though it's low end and self catering. It's not worth me doing AI now, as there's a lot of stuff I can't eat. Even sausages burn my mouth. Go figure.
62, actually. It's partly a scouting mission.
Having had cancer and radio/chemotherapy, one of the big side effects is constantly feeling cold. Hence anywhere with circa 21C is a minimum nowadays, even though I've previously worked many years outside in the middle of winter.
Such is life and I'm not bitter :-)
I'm trying to make my way to living in the Canaries when I retire.
Hum massively increasing it's SP would go a long way to helping that. Meanwhile I get over there as much as possible.
That plus I have a nice fat contract involving at least 6 months away from home and mostly 7 days, 10 hours a day coming up.
I deserve it. I'd go to Barbados again, but prices are stupid.
You don't get money by spending it, you know, lol :-)
"What are the tea leaves saying lies in wait for 2024?"
I'll go with what I predicted last year and the year before: no sale. What might change my opinion is a proper DFS, let alone PFS3.
Why anyone is expecting an imminent bid when we are still undergoing a ridiculously long strategic review is another reason. What's it going to cost to finish these requirements?
Another £30 mill? So another placing, sooner than we'd like, imo.
Meanwhile, I'm making money buying and selling the massive volatility, just as I should have done since I first got in here. I do keep a core holding, because you never know, but I honestly don't see anything happening for precisely the reasons that we're about to be bought out have offered.
I can't think of a better time to throw a low-ball offer in. Metals massively expected to rise, a big seller and sentiment on it's ar*e. Ok, the ultimate buyout price wouldn't reflect the current SP, but it surely justifies a good time to go.
We need way more certainty than we have at the moment before anyone will be will ing to cough up any serious dough, imo.
So another year of nothing, meaning we're having the same old conversation with an even lower SP because the market is even more bored than it is now, is my prediction.
That apart, Happy new year everybody. It's all a game :-)
I don't need to do a yearly review, as I'm mostly a momentum investor, hence I look at any holdings weekly at most.
I noticed comments about anuities previously. Coincidentally, I'd got a quote just out of interest before I saw those comments.
I just picked £50k as a number, as it's all just a relative thing and I very much doubt I'll be doing it anyway.
I'm 62, have previously smoked for nigh on 50 years and only stopped because I got cancer 3 years ago. So not really typical.
Not that it matters too much, as it was just a comparison.
LGEN offered just over £5200 a year, single life, a 5 year guarantee, no inflation rise.
I was quite surprised for a few reasons.
1) It was way higher than I was offered a year or so back.
2) I'd get my money's worth in around 10 years, although it means they think I'll peg it at the age of 77 or before. Not a nice thought, but it was way shorter than last years quote, where I think I'd have had to live to about 85 to get value.
3) It was way higher than the next quote of £3800 a year from JUST group.
My point here is I hope their actuaries are getting their sums right, because that's a big difference.
I can't remember the numbers now, but even giving my missus a 50% payment on my death was only around £200 a year less than the JUST quote.
I actually found that a bit worrying.
But I was tempted to stick, say half my pot in, as the payments would cover the basic bills and more, guaranteed.
But I prefer the flexibility, I think.
Finley1,
"Maybe Starmer, the socialist will embrace the inclusive Capitalism"
Well, he admires Blair and certainly isn't a socialist, along with today's Labour party, imo. I'm far more left wing than either of them. Actually, that's probably not fair. They probably tend to the left, but have to pander to the centrist ground.
Whatever, I'm sure he'll be better than the carnage that we've had for over a decade.
I've just had a message from AJBell telling me I need to vote on the AGM resolutions.
I wanted to vote for the placing, but against the power to allot shares, because I don't understand why they want that.
Anyway, I'm a lazy sod and couldn't be bothered with filling forms in, so just decided to abstain from all reolutions.
My holding wouldn't affect any vote anyway.
I won't be going to the AGM, as I'm going on to Fuerteventura for a couple of weeks.
If it was being held in the jewelry quarter, I'd have been prety miffed, but I won't miss it if I never set foot in London again in my life. Hate the place.
Totally agree Bill.
It's the volatility that kills people, hence you have make the most of it.
And this is as good as anywhere, imo.
I've built a chunky holding here, so it's no big deal if the trade doesn't quite work out.
Tbh, it's been a bit of a learning experience, because my biggest problem has always been knowing when to sell.
Here, I'm being quite fearless and it's paying in bundles.
Sub 10, I'm back in for more. And if not, bonus!
ADT1, I suspect you're right. They certainly seem keen to move the bid around to pull sells in.
I've just had a little trade, as on the face of it, I'm not seeing why it's 10% up.
I'm still holding the vast majority though.