Member Info for Couerdelion

You're reading far too much into this. Try Occam's Razor before heading into the realms of speculation.

Then by all means give us a plausible scenario where you might see the dividend cut here. Noting of course that the dividend is funded out of cash releases, not profits, and that there is a buffer provided by the buyback funding which would be cut before looking at any dividend reduction.

This is not a business that runs like a typical commercial venture in which sales generate profits and cash for distribution. A significant portion of the dividend cash comes from automatic releases of surplus from the life business as older blocks of business mature and the capital tied up in that business is released.

While the market might be distracted by other matters, here I believe the real millstone is the prospect of a capital raise which was highlighted by the audit opinion last time. You get one decent cash generation event and things can turn quickly.

Presumably a combination of higher interest rates and some prospects for peace.

Who me? I thought they were only waiting for the some official to ratify the whole thing - even the terms are finalised.

Yeah, not out of the woods here. But I added this morning too - you never know how long the sub-330p offer is open for. Can't say that I was hugely optimistic and probably fair to say I'm still not.

Now now aspers. Be nice.

Did anyone else get a message about the exercise of the warrants from early 2025 (the 11p ones)? Mine came from AJ Bell with a warning that I had to exercise them by 9 Feb 2026 but the exercise option itself suggested it had to be by 9 February 2029 - and this second date is close to what the original terms of the offer stated.

Even the formatted message ran to over two screens. Can't complain to ChatGPT though as it will give you a three page response why it can't format in a helpful manner.

Where are these bear, bull, mid prices coming from. I'll bet you anything that they won't account for the existing warrants.

Yes, there's too many fantasy numbers being bandied about here about how the share will drop to 220p, 200p or even lower. No real logic to why people think those levels will be reached and perhaps there is some strange belief that posting on this board will make it more likely - here's a hint: it won't.

If those are your entry points then I'm afraid you're wasting your time here. By all means keep it on a watch list but don't save cash waiting for something to happen that won't. Alternatively, grab a little at 9.25% and maybe if you're lucky you might even get a 9.5% yield. The great thing about LGEN is that you get paid a lot simply for holding their shares but if the yield drops to 8.5% you're also sitting on a nice little capital gain.

If you really do need a 10% or 12% yield, you can also do this through a sort of "geared" trade. Buy at 9.2% and sell a proportion of the shares at 8.5% for a "net" yield at any level you choose to set.

Lower than 220p is basically a 10% dividend yield which would be extremely generous is the market gave us those sorts of rates. Can't see that happening though

I just bought a few through AJ Bell

Now another £1m buyback.

Slightly peeved that this is happening just two weeks before the new ISA season opens.

Clear as mud...

https://www.londonstockexchange.com/news-article/JLP/reduction-of-share-premium-account-notice-of-gm/17514111

But we're getting the drilling results tomorrow, yay!

That was nice....

https://www.londonstockexchange.com/news-article/CTL/vat-refund-of-over-ps1-million-received/17513908

@10:30 - How do you imagine that the war could possibly affect the dividend payment? Draw for us some some sort of link that would make sense.

I forgot to add - "Time to add a few more at these prices"

Simples. Ask yourself what relevance the political comment has to do with the message board in question then draw attention to that in the response.

So the activities of ICE will have no effect on LGEN while a 5-yr decline in LCG capacity in Qatar will.

They do also intend to pay a "final dividend" and give estimates for what they are expecting to pay annually.

I'd largely agree that Trump will call an end but whether that is after it gets worse, who can tell? Once that does happen we will still some rebound but he's probably added to the moron premium on US borrowing costs which will be reflected over here and that all means that stocks like LGEN will be priced lower than before hostilities began. But 260p+ should certainly be within reach in the short term.

As for the present these look very tempting prices just to claim the dividend. Oh wait, didn't I do that last week too?