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Running low now on 120p sellers. Anyone want to hazard a guess where this will be at the end of the week. Just to mix it up a little, I'll throw in a 140p

Well whatever the story is (or isn't), a dozen trades in one day is a big news day here.

SMRs maybe.

I think this interview bears out what Canaccord are saying and that this reaching a pivotal point for BGO. The market reacted to the news last week then we took a little setback yesterday after some (apparently) lacklustre results but probably coupled with a bit of profit taking from those who left early for the weekend.

My gut says that we have a fair deal of momentum here and while this will always be checked by periodic bouts of profit taking, there's only so many shares anyone can sell and, once done, it will continue the upwards move. In short, I don't think the SP has yet found its new equilibrium point and it has a little further to run for now.

And as an aside, Simon Thompson gave this a "Hold" in his latest article today. I once remarked that his "Hold" recommendation was often a better buy signal than "Buy".

Are you confused about the buyers or the sellers?

My simple guide to LGEN comprises two parts - 1) Capital intensive life and pensions business 2) Asset management

1 - This is the insured business against which all that capital is held (£6.5bn at HY25). A lot of this business is pensions which will run-off surprisingly quickly which will release all that tied up capital to be paid as dividend. Slide 23 of the HY presentation gives a little insight here (figures unfortunately expressed as SCR %) which shows that surplus generated here represented 12% of the SCR compared to (14)% for dividends. The key valuation point is the Own Funds figure which represents the shareholder capital and this was £14.1bn at HY25. It's ours but we have to wait for it to be released but it represents close to the total MCap of LGEN.

2) Asset management basically makes a margin on funds so probably valued in a similar way to any asset management business. But one of the key differences here is that I would include here the Workplace pension business that will be both long term, growing just from existing business and "sticky". There are many multiples of years profits here. There was a "Deep Dive" presentation given on 17 June if you want to understand the business unit but I'm just talking here about the drivers of profit.

They reduced their stake to below 5% towards the end of last year (October?) and the subsequent capital raise would have left TEK owning a little more than 2% of BELL

The RNS was also silent on how they would managing the risks from the deferred payments and that shares would be transferred when these were received. That was explained at the last Investor Meet but I don't believe we had any clarification on where the economic interests would lie if we still had the shares.

Why not ask JMK, everlong? I appreciate that the "unpaid for shares" are held as security but I don't quite see why this won't also give an economic interest in the profits of the SA business so any profits that emerges there ought to be shared among the shareholders rather than used solely by the new owners to buy those shares from JLP. Let's just say it sounds a little odd to me.

JMK outlined the way in which the shares would be transferred as payments were made - which was new information and very welcoming - but I don't think he set out the detail of economic interest up to and during the transfer of the unpaid for shares.

Two new deals and results due on Monday but I'd be so bold to suggest that it might be more to do with the latter than the former. If true we can look forward to a nice boost to the SP on Monday.

But it could be that the market is starting to understand the potential here and is pricing in the improved revenue and margin. Still some way to go but a lot more people are now sitting in positive territory and new buyers will have higher targets before they take any profits.

Fingers crossed for Monday and the Investor Presentation.

I'm prepared to wait another day or so before adding here. More a hunch than anything scientific or sensible.

I'd just assume it was a sort of delayed bounce back from Wednesday's drop.

And another one. Maybe now we can shake off those sub-100p sellers.

It's possible but for me that just gives me another opportunity to top up. For now the 10%+ DY was enough to tempt me to add earlier this week

Same here. But I couldn't resist a small top-up as they are looking too cheap to pass on

Market likes the news. And just before the results are out. Let's see if that crash through £1

Looks to me just part of the ebb and flow of share prices. They are certainly looking to be a little cheap and if the DY starts drifting over 4.3%, I will probably be looking to add a few.

Do we know what has triggered the late-afternoon selling today? Any share options maturing perhaps?

Must be coming to the end of the buyback so perhaps some investors are seeing this as a profit-taking opportunity. Good therefore to see another director buy coming in as it's about time these shares started threating to get into three-figures.

Rather than let us know about all their new innovations, I think TEK investors need to "see the money". That's not simply a question of distributions but also some uplift in sales and profitability of the subsidiary companies. Ideas are all well and good but the selling point is key to business and finance.