"In 1858 boxer John Morrissey......let him put up, or shut up"." ======================================================= So the saying probably pre-dated that....makes sense in this scenario because it is quite a confrontational thing to say. Akin to 'walk the walk'.
You cannot buck the market (although Liz Truss tried really hard)....or in LGEN's case you cannot ignore the economic headwinds. I would hope LGEN has sufficient diversification to sustain profits....enough to warrant the dividend payout is at least maintained. Not sure management goals of even a few months ago will stand the test of time....if things get economically testing for the business. Hopefully 2023 will be plain sailing...but I live in Hope.
If they want to cause a drop in the SP of LGEN all a broker has to do is 'suggest' the dividend isn't safe. Must be like catching fish in a barrel!...part of the problem when a company is seen as a bit of an income stock.
Before the pandemic annual dividend was circa 8p. But these are different times. Inflation & recession looming. Plus the added investment in ITVX. Perhaps before ITV was seen as a bit of a value trap (whatever that is), hence the declining SP. They have decided to go for a bit of growth....and they have to pay for it somehow. Any new investors who bought at 50p during the Liz Truss debacle will be quite happy with their investment so far. Unfortunately my average is a little higher.
"Nothing is "bound to happen"" =============================================== I thought value stocks had done relatively well in comparison to growth stocks? As I was hinting at, there are a thousand different views on what the next 6 months holds. They cannot all be right.....of course, I will be right!!
There is bound to be a profit taking after the recent rise. Seems to be nobody really knows what is going to happen in next few months....apart from Rishi Sunak of course!!
RE: crooks keep on selling... rats are leaving the ship!5 Jan 2023 14:02
I expect Ofer has more than enough 'squirreled' away for a very comfortable retirement. I get the feeling he is also the sort of bloke to have his finger in many pies....then if one of his 'pies' turns out to be inedible then he can switch to another one. I would hope that TRMR is getting his entire attention - based on his remuneration - but I'm not so sure ...based on SP performance alone.
RE: crooks keep on selling... rats are leaving the ship!5 Jan 2023 10:49
It looks a bit like the days of wine & roses are over. Growth stocks are out of fashion and investors want something more tangible than promises of shrangri-la just over the next hill. If Ofer has anything concrete to offer (!!) then it is time to deliver....he just seems intent on filling his boots. Good companies get stronger when the times are hard, weak companies disappear. Time for Ofer to earn his pay.
Saintly, I see what you did now. Posted the same message against the 20 shares you follow. I guess I want all my shares to go up significantly too.... sic itur ad astra
"I guess one thing we can all agree with is weāve all downloaded it...." =========================================================== Shaunymac, sorry, not me. I haven't tried downloading ITVX yet.
"I've reduced my holding on the ITVX app reviews...." ===================================================== Sisyphus, wow!...wow!!, you're certainly changed your tune. Per-christmas you couldn't have been more positive about ITV. I think you're wrong because Winstanley hasn't had any problems with ITVX. Working perfectly for him....even streaming to his epsom.