Member Info for CSDI1962

Hi All

I understand I am very much in the minority with my view on buybacks. My experience shows that in nearly all the cases I can remember with FTSE100 companies, they have never created shareholder value.
The SPs are always determined by todays market sentiment - any share is only worth what Mr Market offers - and is never the same as any so called NAV.
The money spent on buybacks does not give you anything as a shareholder, whereas a special divi would.
I know the SP reduces when divis reach ex-div dates, but SPs will rise and fall on everyday news. Buybacks in the UK just dont 'work for some reason. Compared to the US where they do seem to have the desired affect.

Each to their own.. and nothing wrong with differing opinions... after all this is only a chat room.

My intention is to trade LLOY for short term gains, and was planning to buy below 45p and sell above 50p, but over the last couple of months hasnot worked out - hence I sold out recently.

I don't think LLOY is a good long term investment.

GLA - C

Another week goes by and we have hit another new 52 week low. The trend is definitely not our friend.

Hopefully just patience needed, but Steve's wishing-well SP could be on its way - unfortunately for us.

GLA - C

Why do BoDs waste money on buybacks.

The SP continues to fall despite buying back thousands of shares.

Please stop supporting this wastage and demand an extra divi, as then you have something to show for your investment.

The money thrown on buybacks, while reducing the number of shares also reduces the net asset value as the cash is gon forever.

Just my simple thoughts - having sold out recently - but planning to buy back in when funds allow.

GLA - C

Thanks JCB.

Any share or index will make you money .... if you go in right direction.

Get it wrong though and the consequence of using leverage can be devastating.
I know from history - as got wiped out on a US30 index trade over 15 years ago ... a painful lesson that has kept me away from SBs ever since.

GLA - C

GLA - C

LTI

I've re-opened an old SB a/c with CMC and using the demo account to practice with.
The layout has changed a lot over the years.

Biggest shock was to find 20% margin required, where it was 5% on all FTSE100 companies last time I was using SBs.

I may decide to put this months ISA money into the CMC account and have a go and trading LLOY.
I'm long at 43.94p currently in the demo a/c, with a target of 44.96 looking for a 1p per pt profit.

I won't have funds to do multiple orders like you, but tradingfora penny profit per point will be more cost effective in a SB without stamp duty and trading commissions to pay, although of course the buy/sell spread will be a bit wider in the SB than the live market.

GLA - C

Do not worry it's only a "paper loss" for now as long as you don't sell.

Of course LTI will have opened another of his 100% winning SBs .... Maybe we should take a leaft out of that book

I decided to ditch LLOY last week as was making no headway with trading. Moved to PSN and POLY - not sure if that was wise either LOL

GLA - C

Hi rxdav

Tend not to bother with short term ups and downs on this one.
It can keep going in either direction much longer than you would ever think logical.

I've bought this for medium to long term with the divi to be reinvested if SP stays below my average cost of £22.17
Looking for SP to climb at least 25% from current level.

GL - C

Confirm what Steve says.

There was a postponement due to Covid, along with most shares during 2020.

As the company has no debt at year end, it leaves them free to pay a big chunk of dividends out of profits made.
If the company contInues to make profits like the last two years, then these payouts will carry on.
Obviously any reduction in profits and cashflow could leadto a cut back.

Dividends of 235p have been paid four times in the last 6 years. One year was nil and the other 110p.
There are never any gauarantees with divis, and circumstances can quickly change (like the financial crash 2008), but I am happy to hold some shares here in an ISA to avoid tax on the divis.

GLA - C

What you mean Latpull ?

£3m betting against me - uhh

I am long and those two trades were buys with the 3rd one being the end of day UT.

What you on about ?? Don't tell me you think they are after the non existent May 5th dividend

Cheers - C

Roxy et al

The official announcment was on 13th April when ...
The board announced the dividend proposal was withdrawn. In other words cancelled, kaputt etc
There is no likelihood (based on my 18 years experience of dividends) that an announcement in August will have an ex div date of 5th May. Can you imagine trying to unravel 3 months of share transactions to work out who "was" on the register on 5th May.

FairAnalyst - I am not making any rules at all - these are just my (worthless) observations.
As for how long the SP will remain around 250p - I have no idea at all - and it leaves me under water for now.
Like anyone invested (long side) I am hoping for a significant rise in SP, but all of the risks still remain - hence the SP down from over £16 to its current level. Fingers crossed for the recovery.

GLA - C

for those of you thinking May 5th wil remain as an ex dividend date, please show me one example of an ex div date being before the announcement. (I am guessing there will be no divi announced tomorrow lol)

I have been investing for 18 years, with a big emphasis on dividend income. Not once has the above occurred.

I have seen several times where dividends have been stopped between ex div dates and pay dates due to cashflow disasters - normally a precursor to going bust.

The financial crash of 2009 saw many dividends postponed, cancelled or scrapped.
A similar situation blew up in 2020 due to Covid 19.

Fingers crossed the divi returns in due course - it will be at a much lower level - we cannot expect a £1 divi on a 250p share etc. I am here for the long term capital gain, with an average cost of approx 294p. My first target is to sell about 20% of my shares at around £4, then £7, £10 and £13 if we get there. That will still leave 20% as a LTH.

GLA - C

Pandam

No No No
There is no 2021 final dividend - it was withdrawn at the AGM

The ex divi date of May 5th has been superceded by the announcement that the dividend proposal was withdrawn from the AGM.

The next divi may be an interim for 2022 or a special, that's if we can get one this year.

We may be waiting until 2022 Results, but I am hoping we get something in September, even if it is a lower amount.

GLA - C

foor

What do you think is happening ?

The dividend has been suspended and then withdrawn as an AGM item.
The May date means nothing now - it is totally irrelevant.

Future dividends wil be based on future ex-dividend dates as and when announced and then approved.

The compnay may decide to pay a big divi in September if funds allow and circumstances chnage from the current predicament.

At this stage we just do not know if/when/how much the next div will be, but in the meantime there is nothing to be paid.

It is possible they announce a bumper divi in August covering the missed 52c plus an amount as normal.
As I say it will depend on circumstances at the time and cashflow, all of which are unknown for now.

GLA - C

https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=poly

This explains it has been cancelled.

The May date means nothing now.

Future dividend will be based on future announcement with "expected" ex div date in august abd payment in September.

At this stage this cannot be taken as a certainty, although I am more than hopeful we will get something.

GLA - C

Can't believe shareholders really don't know what's happened to the divi.

DGR is spot on.

The May date means nothing at all.

We now just have to wait and see if and when the next divi is announced.

Best case scenario is we get a bumper divi to make up the missing one plus the normal interim.
Reality is probably very different - with protection of the business being key - I would expect a lower than normal divi to be announced in august with pay day in September.

GLA - C

LTI

Did I read correctly that you have never closed a SB at a loss ?
That is pretty amazing. if you have a 100% record.
I can see from your recent SBs that you accumulate a lot of small percentage gains.
According to most SB firms they state that over 70% of retail clients lose, and I was certainly one of those years back.
Do you use any longer term SBs or are they all short term.
I have only ever used CMC's SBs and CFD facilities and back in 2005 when I started there was no commission on CFDs either. There did seem to be a difference in tax treatment where CFDs would count for capital gains, but SBs were exempt from tax as these were considered gambling profits/losses by HMRC.
No doubt HMRC would consider a case like your 100% record as a "professional trade" and therefore be subject to income tax.
Be careful you do not fall into any tax traps.
GL - C

Hi Rob
Just got 500 shares in POLY at average cost around 294p.
For me it is a binary bet. Either lose the lot or get 4xbagger ish.
If the divi can be restored in august at some level, then that will really give the SP a boost.
Very much a wait and see. I would be tempted to sell 20% at £4 if it got there in next week or two, on the assumption it would likely fall back, repeating it's behaviour since the huge fall.
I've only got two shares now, with my other being the big divi payer PSN - which is also in the doldrums - but that is expected with any share I purchase.
Must say LLOY was a waste of effort for trading idea, so maybe VOD will come into play for my trading idea in due course.
GL my friend
Cheers - C

A four day week; and start of a new month often sees short term rises.
So I am going for 123p.
GLA vodders - you need it LOL
Cheers - CSDI

Yep another gold medal to your collection.
Think i'm due silver medal for 3rd time this month
Cheers - C

Don't know about being a referee - one side will always want to kill me.
Notice that VOD has had a stinker today - so I'm going to be close in the weekly guessathon - naturally will come 2nd again - fed up of collecting silver medals.
My goldminer -POLY - doing a great impression of the VOD SP too - drip drip drip.
I've closed my LLOY positions and now just got PSN and POLY. Hopefuly add a few hy=undred quid to the kitty next month.
time to get the ski-ing kit ready - that'll cheer you up.
Have a reat weekend mate
Cheers - C