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He'll have to do a lot more work to explain why LGEN should be trading at the same yield as Allianz. That's a ridiculous suggestion.

Unhelpful drivel and lazy. Much like that poster who recently suggested that he was waiting for the price to hit 260p.

That's the dilemma for those looking for income. As the price rises and the yield drifts down, when do you decide to look for alternatives and where do you do. But it's not all bad news as you'll get a more diversified portfolio is you are not relying on one stock. And there are plenty of ways to do that currently in the UK market, whether this involves other stocks in the pensions/asset management field - not ideal for diversification - or looking wider afield which may also give you better growth prospects and you can always supplement dividend income with regular divestments if the income is the key requirement. For example, if LGEN is priced at £4, you can sell a few shares at a price equal to 18x the current dividend.

Well that was quite sudden. Not sure the market likes these sorts of surprises.

If there is a buyer for CTL, I think they will have to pay a hefty premium to secure the support of a lot of investors. But the bigger issue may simply be that the sorts of companies that might look for a strategic partnership are not miners but companies that need Li and I don't think those companies will be particularly keen to take on the operational risks associated with mining and refining the product.

Actually this is just my gut feel rather than any industry expertise. But if I were offered 20p tomorrow for all my shares, I would reluctantly decline.

70% x 1400p + 30% x 800p = 1220p.

Probably worth adding that 800p is "strong buy" territory even without the bidding battle. Average analysts target is 1399p (according to MSN Money) which makes that weighted average calculation a little easier.

So in summary, £10 is still far to cheap to be taking any profits - sell some of your loss-making rubbish if you need to raise cash. While we are still 4 weeks away from the bid deadline, I would suggest at least £11.50 (and probably more) before you consider top-slicing.

If we're using inflation of 6-8% then we should also factor in currency movements as these offset over time the higher cost inflation.

...or you can wait for the next placing at buy in at a 20%+ discount.

GNIP needs to demonstrate that it can make profits. It is a relatively simple business model and it originally looked like it could do this. But to date it appears to be that there isn't enough of a market for what they are offering - or that the product is not particularly strong - so we're left with a business where management are taking the larger slice of any revenue generate.

40% is likely to be at the top end of the range unless we see a competitive bidding process. But you should also be looking at the pre-rumour price suggesting that 350p per share is probably on the optimistic side.

Not sure yet what price I would need for a vote in favour.

Where are you seeing a 40% premium quoted?

In a nutshell yes you've cracked the code. But I have a simpler view of how it applies to dividend stocks like LGEN and, for the most part my overall holding only moves in a +/-20% range. A bit like an interest bearing account, I start shifting my money when the yield drops but will often look for other dividend stocks to keep a basic flow of income.

Loss per share reduced by almost 50%. Oh wait!!

This will be going the same way as BELL and TEK never sold down any of their stock so we can expect a total write-off....or worse.

Will be interested to see what spin the rampers can put on this.

I think investors can get stuck in a fixed mindset with certain shares. With LGEN and its sizeable dividend, many will be reinvesting and since the key measure is the dividend then, in a rather counterintuitive way, they can view a low SP as desirable.

Which is fine really and not all that different from the way I view these shares which is based on the dividend yield except I will withdraw funds gradually as the yield reduces and add them when it increases. I suppose my logic is that I can find better uses for the cash than leaving it earning "just" 8% (or whatever) and that the other options expand when that 8% becomes 7%.

With the price moving all over the place this year it's been quite a profitable tactic, particularly since end-Feb.

I can't see any obvious reason why the price rose today. I'll take it but worry that it might just revert back next week.

Is that 1150p per share or £1,150m. The only figure I have seen is £1bn which, with 90.5m shares is roughly 1100p per share.

Quite astounding to think there are some people who imagine that LGEN could not be sold. Perhaps they would like to elaborate what reasons there would be for this and how any agreed sale would be blocked. I don't suppose potential buyers would have considered this possibly before spending time and money on looking at a possible acquisition.

More pertinently for LTH, I'm struggling to understand why anyone would be opposed to a potential takeover given that they would benefit from the increased price for the shares.

No reason to think this won't recover in time. It's just one of the dips you have to accept when owning cyclical stocks.

I'd be sold out some time before we reached gilt yields with the funds applied elsewhere but largely centred on higher yielding stock.

Maybe but I'm not going to be disappointed as I was looking for another entry point to buy back some shares I sold a month ago - and conveniently for CGT purposes it will be within the 30-day BnB limit. I missed the boat yesterday but looks like I might get another bite.

You've added a 50% buyout premium to justify why 5.5% is "fair". What sort of logic is that?

FWIW, you will never see a sub-6% dividend yield here - if you did I would be retiring with my ill-gotten gains to some remote island.