Member Info for CSDI1962

Denby,
I wouldn't count on not getting your 3rd tranch in.
For the last two quarters the SP has fallen on the Friday after ex div.
Last May it went up 6p on the Friday after dropping 101p on the Thursday, for a 19p divi
Last February it did better with just a 28p drop on Thursday followed by 8p rise on the Friday, then we were confronted with CV19 and the SP held up better then than it has recently, which is very sad from investment pov.
Cheers - CSDI
PS. I am waiting to buy back in as worried there will be a further drop instigated by the Tech Analysis with the bear trend we are in. No idea when/where the bottom will be but live in hope it repeats previous recoveries. I was targetting £16 but may reduce in light of gloomy profit forecasts for next year or two.

I am really wound up over "rewards" to directors in the form of free shares, matching shares, bonus shares to pay tax liabilities on awards etc etc.
Why are they allowed to grant themselves £100,000s worth of freebies while the SP has dropped from £40 four years ago to £14 approx now. They have destroyed over 65% in value of the business at the expense of us as investors.
They should have their pay cut in accordance with the shocking performance. My income has been cut from the dividends as well as suffering a mighty collapse in value of my investment. Why can't they suffer the same cuts - it might sharpen their acts to do the job properly.
As our shares are held in nominee accounts (mine is a Scot Widows SIPP) how do we express our discontent ?
Cheers - CSDI

Hi Toff
Thursday is often the catalyst for starting sell-offs thanks to the ex-div fuelling it up.
If market is risk-off then yes it will continue.
If we get an unexpected boost from somewhere and turn to risk-on then the divi becomes a nice present. Just not happened for some time. When I started investing/spreadbetting/CFDs in 2004 it was hard not to make money, with a steady market climb interupted by some very sharp falls and swift recoveries. Those days seem to have gone for FTSE shares as the US market grabbing bigger and bigger chunk of the financial centres.
As a bit of an old dog, I trust too much in some of the FTSE100, when really should look to broaden my horizons.
Hey ho - at least with a very modest SIPP cannot lose too much - interesting to see some posters put more in one share than I have in total (like Druggie etc).
Cheers

oops - can't even spell properly these days. Oh the joys of BBs with no edit/check facility before posting.
Showing my ignorance sorry

Toff

I held my RDSB shares as only got a few of them.
I am waiting for GSK to drop further and will only buy back part of what I sold. Happy if SP rises too.
Sold 1/5 of my IMB yesterdat at 1505. Currently dropped 75p for the 48p divi.
Competition for which one drops the greatest % today is pretty close between all 3, but I am confident the selling will continue for rest of the day, excellerate after US open and see if tomorrow carries on.
Cheers & GL - CSDI

Denby got his first order in at 1248.
Currently around 1238, down 37p for the 23 divi.
Good chance of filling order at 1235 too.
Recent history suggest we have further to fall first, but catching the bottom is impossible to predict.
I will wait and see what tomorrow brings before buying back what I sold yesterday.
Cheers & GLA - CSDI

Just looking to see if worth buying back yet.
Current SP 1238, down 37p for the 23p divi.
How low will we go ?
As we've hit another 52 week low (and multi year low), best to wait for now.
The trend is very much against us atm.
Of course for LTHers we just have to bide our time hopefully.
Cheers & GLA - CSDI

Denby, wish we had edit facility.
My first buy on PFC was actually on 19th Jan, 2nd purchase on 5th Feb and 3rd one today (17th Feb).
I was just letting Toff know what I was trying to trade in exchange for his mention of Meggitt.

I did nothing last week, but this week have sold GGP at 20% loss - ouch, sold parts of GSK and IMB, and added (the 3rd batch of) PFC plus a 2nd batch of ASEI after selling VOD which seems to stuck in the mud.
I am doing quite a restructure of my p/f it seems.

Good luck with GSK. Really would be nice to see a trend change. I've reduced GSK to approx 14% of my p/f from 22%, with IMB also trimmed to about 15%. from around 18%. All sounds very grand but only a very modest SIPP fund. Many posters have more committed to one share than my total p/f.

Cheers - CSDI

Oops sorry,
Those buys were from much earlier this month for 111 in 1st week of Feb and 115 in 2nd week.
Just the 130 was today
Didn't mean to mislead anyone. Should have used better punctutation to explain 130 today.
I've been busy (this month) etc .... would have made it clearer

Toff
I am not sure if I really want to add back either as had 22% of my p/f in GSK and 18% in IMB.
Need to look at other oportunities as GSK likely to tie up capital for a long time to get back to decent levels.
My original plan was buy below £15 and sell above £16.
The continual drop took me by surprise and I've ended with at least twice as many shares as a standard weighting.
I've done a smaller trim with IMB but that seems to be in a better trading range.
I've been busy buying PFC at 111, 115 & 130 today. Target 160+
Meggitt not on my radar.
Good luck - CSDI

Hi there,
You should have a plan from the outset.
I am sitting on quite a nasty loss as first bought in 2018 at £27 or so ! (Bought when divi was $1.88 p.a)
Then added some more around £20 a few months later.
Had bought some more at about £12 which I sold at £14.
Got some more at around 1350 which got the last divi.
My plan is to sell this last batch if we get to around 1430, and hold the other 2 batches for long term.

Normally on ex div day you can expect the SP to fall by the amount of the div (in this case approx 12p, based on 16.65 USc.
With RDSB there are 4 divis per year. Some shares pay twice only, some once only, and many paid nothing last year due to Covid.

FWIW, when I buy a "trading batch" of shares I look for about 10% profit if possible using around 4% of my p/f per batch.
If you have say £5K to trade per batch you could aim for swift profits of 1 or 2% on a regular basis.

If you have say £1K per batch, you will find that commissions to buy and sell plus stamp duty mean you need 3-4% increase in SP to break even.

My shares are in a SIPP and I have about 20-25 batches, some of which are for trading and the majority are for longer term mainly in high yield shares, but this is proving tough going as most are out of favour.

Geting back to your question - the answer depends on what your aim is.
If you are a long term holder, then just sit back and do nothing
If you are trading short term, set yourself a target and have a plan.
Nobody knows the future, no matter what we all say and think.

I have several shares going ex div tomorrow (GSK, IMB and RDSB)
I sold 1/3 of GSK; 1/5 of IMB and none of RDSB. I am planning to buy back if the SP falls enough, but will be looking for any other opportunity the market may throw up in the next few days.

Good luck but be warned as my name is CSDI - Crap Share Dealing Ideas

Try looking at this for all divis:

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

what planet are you on. WE go ex div tomorrow and you reckon SP rises at open.

Yeh Yeh - come on TR you are better than that !

I think Denby much closer to the mark

Lots of sales to meet tax liabilities for exective plans/remuneration
Great when you get free shares while PIs suffer.

I have sold 1/5 of my IMB shares at 1505p with a view to buy back at least £1 lower.
Last quarter saw the SP dip 130p in 3 sessions.
Expect to hold IMB for the long term but treat 2/5 as LTF and 3/5 as trading batches.
Just done similar with GSK and sold 1/3 of my shares with a view to buying back at better price.
GLA

I've followed in toff's shoes and just sold 1/3 of my GSK shares @ 1274p.
My plan is to buy back in next few days to lower my average costs and pick up a few more shares with the same money.
Hope to buy back in about 5% lower, as the the div's 23p makes 1.8% of this price.
I've also trimmed 1/5 of my IMB shares with same idea but expecting a bigger drop based on what happened in previous quarter.
Intend to stay in GSK for some time as offers great value, but who is to say how low the SP will go in next few days.
GLA

Hi Folks
Still watching at current 1500p level, is very close to where we were 3 months ago with a close at 1491 day before ex div.
That saw a 130p fall in next 3 sessions. Then the market was on a trip down and bounced back into xmas at 1544.
I would be surprised to see a fall as big as that this time round as sentiment is much warmer to equities with the vaccine progress. Also notice that BATS got kicked down this morning approx 6% on results (very similar to recent IMB update), and recovering now. Is it worth flicking some from IMB to BATS ?
Decisions decisions - looks like Monday (closed at 1533) would have been best SP to sell at before ex div tomorrow.
If we have a good climb towards close I may well sell 1/5 of my shares, otherwise may just hold and ride it out.
Cheers & GLA - CSDI

Hi Toff
Thanks for that.
As you say it is impossible to know when the bottom will arrive, as new lows become self-perpeptuating.
I am planning on selling some of my shares in both GSK and IMB tomorrow, but will retain the bulk in both.
It's hard to see the recent low of Feb 12th holding. So I expect my buy-back to wait until signs of a turn on the chart.
My average is currently around 1465 I think and all batches are in the red.
With IMB I have comparative luxury of having a couple of batches in small profit, but two batches bought much higher at £21 and £29.
No idea how far GSK will go down, but just know that buying at current level is better than buying at previous levels. This only holds true if SP gets back above where we re-purchase, otherwise am just compounding losses.
I am in danger of suffering the "losers average losers" syndrome !
But we will all only know when we are able to look in the rear view mirror.
My gut tells me GSK is a sound investment for the long term, but not got a clue where it may take me first.
Cheers - CSDI

That financial diary above tells us nothing.
Results are due 11th March according to company website

Hi Seaking
If you have enough shares I would consider selling into ex div with a view to buying soon afterwards at lower price.
With sentiment so strongly against GSK I am expecting a drop greater than the divi, so I will be looking to sell at least 1 of my batches tomorrow and maybe try to sell another 1 with the div on Thursday, keeping the rump intact. Then look to buy back the 2 batches in one go in next few days. Like T-A says, there is good chance of GSK going to new 52 week lows.
This does create a chance to buy at a 5 year low, and supports Seaking's view of holding. It will be interesting to see if the sale and re-purchase generates profits or reduces average costs for my longer-term holding.
Sorry if I am repeating myself, but I've seen GSK drop as low as £10 historically before bouncing back.
It may be a long haul but one that should be worth it - if you have the patience.
Some traders are keen to redeploy to more volatile shares, which may rise (or fall) much quicker than GSK.
I was looking at ARB today, but not allowed to trade it in my SIPP due to FCA regulations.
Cheers & GLA - CSDI