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This share suffers from their hedging and IFRS accounting approach. On one hand HL have a "Phoenix pre-tax losses widen" headline and yet the EOY Report states strong growth and dividend growth. Hoping that this is still sitting at 9% yield level when it comes to reinvestment on the 10/5.
Decent results considering what's happened at DLG.
The RNS says it's for the Employee Share Incentive Plan to be issued time to time. Not sure this is a sign of something going wrong. Could be the opposite. Hopefully rewards for better than expected final this week?!
L&G has to be one of the most misplaced or misunderstood shares. It's classed as cyclical but I honestly feel it has defensive tendencies. The financials are consistent year in year out and again they are on track to achieve the 5 year plan - even in a zero growth scenario. There's no exposure to LDI according to the press release and it doesn't do General Insurance (for which DLG has taken a hammering). I'm honestly happy to buy at £2.50ish for life and have no share price increase. The 5% yearly dividend increase will take me over 8% yield. I'm expecting the same solid boring results with no surprises - and long may it continue to be that way!
Got to be a buying opportunity very soon Cjac. I've got PHNX, AV. and LGEN firmly in my sights. Phnx already at over a prospective 8% yield. Aviva may be a bit tougher to reach but L&G heading that way too...
I think the current share price is pretty decent rob all things considered. I know the UK outlook is bleak but I think the reduced share count has made a difference and will do so even more with the proposed buyback in April. I know most hate BB's and have heard the saying like throwing arrows at a tank. But there must be a point when they start to affect the price. A quarter of the shares went this year and more to come with an increased divi of c33p screams good times ahead to me. I just need a bit of SP weakness sometime between now and April to get back in.
Just comparing the FTSE and Aviva graph's and the likeness is uncanny on both last year and the recent fall in last week. With upcoming industrial action and interest rate hikes next week feeling there could be an Xmas bargain or two around!
Reminder Sufc to put your glasses on. Admiral total revenue and profit up year on year for the last 5 years. DLG declining in both for the last 5 years. And a dividend cover of just 1.08. Another set of declining results may force the management in to a dividend cut no matter what they say.
Also, forgot to say. As I've banked profits at 452 inflation isn't eroding my cash as fast as the SP direction is eroding shareholders capital right now. It's just the chance you take. Somitimes I get it right, plenty of times I've got it wrong!
I'm happy to just hold that as cash for now Jim. There's no dividend imminent and the profit was well over next years divi anyway so I can just bide my time. Made a nice profit from Aviva on the Covid slump and feel there's enough bad news around to sell up. Putin's only got to flex his muscles again, China is still fighting Covid, recession coming etc etc. This has been more stable since the Capital return but historically it's been volatile. I would definitely like to be back in before April and any buyback but will see what happens. If not and the SP stays high then Ces't la vie. I treat this as an income stock generally so If it goes sub 415 will probably start drip feeding. Watch this space I suppose!
I'm terrible at knowing when to sell but feel confident this time. FTSE has been steadily rising but Aviva has been heading in the other direction for a week now. When FTSE starts to fall - and 83% of IG's clients are currently shorting FTSE futures - is this going to start rising again? Just don't see it myself.
Did the same CJac at 452 based on exactly the same assumption of the FTSE 100 being so high. With what's going on in the world I find it difficult to understand investor confidence. I think that there'll be a winter of discontent in this country with more strike action. I can only see the FTSE heading in the downwards direction pretty soon. Second time I've sold up - first was prior to the capital return - and doing very nicely out of Aviva. The profit this time was more than I would have received in divi's for all of next year, so hoping to get back in sub 4 again. With market volatility being what it is, I look at the historical charts from the last year and fancy my chances.
I'll never understand the stock market. Good update and what's the initial response? 2% down!
Ftse is slightly down Wisco, so definitely a good sign.
Share price definitely seems to be more stable now there are 25% less shares in circulation. Got my first purchase at £4 (post capital return) and very happy with that. As an income stock with growth possibilities and a growing dividend plus more buy-backs in the pipeline can only see this going upwards. Won't be instant but banking on this being a good long term hold for me.
That's a good point Steve. And I still think that people would prefer to pay off their own mortgage rather than pay pay off somebody elses in the form of rent.
Nice post and stats Karv. The rising interest rate and affordability is the problem here. Hopefully Persimmon being at the lower end of the market wont mean a cliff edge fall in sales. Trading update on the 8th will be interesting.
Had the same luck when I went big on Aviva on the Covid slump. Sold just before they did their capital return. They'll be plenty of investors returning when Lgen, Av. Phx etc get near to their results and ex div dates next April.
All the financials are being hammered. My average is 258 but I'm not concerned as the fundamentals are good and as per the trading update L&G seems unaffected. Nobody likes to see red on their account but I'd be happy if I get to reinvest at these prices! No way does the price stay like this for too long. With a 19.37p expected pay out for this year that's nearly 10% yield. If I had extra cash I'd be buying more right now.
Agreed, everything appears to be being sold off but you're referring to the (very) short term share price only. Far more likely that when buyers return they'll invest in ascending companies than those declining in profit year in year out. But as I said each to their own and good luck with it.