I decided not to apply in the open offer as I have enough and am well under water with an average of 44p. Looking ahead towards some positive progress in the next quarter.
Reinvesting divs has been my LGEN strategy and is my third largest holding and second largest div. I am well into retirement and don't need the money so its a question of finding a div level overall that I am happy with. I will increasingly spread risk away from single companies to investment trusts which are about half my portfolio.
Many thanks for commenting on Lloyds and getting away from a world view infecting this board by some posters. Isn’t there a website somewhere where they can post without bothering the rest of us?
I don’t mind whether we get a special so long as the money is well used to the benefit of the company and ultimately shareholders. I’m surprised there hasn’t been an RNS as that might give a feel. Perhaps they feel it’s part of the normal course of business so the debt repayment doesn’t need reporting.
Hats off to Charlie Nunn and the Lloyds senior management. They've played a blinder. Brilliant skills. How it's used is in a way secondary as there will be various opinions but what a great piece of work.
RE: Good post on the telegram channel by Daniel fox D26 Nov 2023 19:43
Quite a few press articles saying lithium is staying down for some years due to falling demand and high interest rates. If interest rates are at the peak we can hope for better economies and demand for batteries for EVs reasonably soon by which time CTL might be ready to supply.