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Also proposing to delink gas and electricity pricing:

Rachel Reeves:

“At the moment, when gas prices are high, we end up paying more for our electricity, even though the cost of producing it doesn’t change. And so myself and Ed Miliband are now working to come up with a practical way that we can delink those prices."

Rachel Reeves:

“At the moment, when gas prices are high, we end up paying more for our electricity, even though the cost of producing it doesn’t change. And so myself and Ed Miliband are now working to come up with a practical way that we can delink those prices."

Expecting some turmoil in energy utility sector ....

Rachel Reeves:

“At the moment, when gas prices are high, we end up paying more for our electricity, even though the cost of producing it doesn’t change. And so myself and Ed Miliband are now working to come up with a practical way that we can delink those prices."

#asimpleinvestor: correct. North Wyke (Devon), Cardinham (Cornwall) and Astwood Bank (Hereford & Worcester) have the longest wet spell, recording 40 days between 31 December 2025 and 8th February 2026. Several other locations had slightly shorter runs, around 37 days. (Met Office data). My sheep are miserable and asking me to build an ark. I'm thinking of ordering rice seed for the coming season. GLA.

I'm surprised the SP is up 2% in Auz.

EDV, SRB also well down. Maybe read-across from tragedy at SRB's Coringa?

Long term you are of course correct; cash doesn't keep up with inflation. But for the short term, waiting to see if the storm breaks, a 4% return is better than risking capital being tied up in the market during a correction (when I'd rather be able to go on a buying spree).

With my portfolio total return at a 10-year high, I put 2% stop-losses (from current SP) on everything about 2 weeks ago. I now hold only Harbour (HBR). All the proceeds are in the short-term money market, currently earning above 4%, ready to take advantage of any opportunities that may arise. Why take the risk of staying invested when there seem to be so many downside risks?

I'm minded to agree. Today BSIF is down more than 5% on publication of its "Strategic Review", despite a small dividend increase, IMHO because the review did little to reduce uncertainty about a realistic NAV. I think it is the same problem with FSFL, NESF etc., all of which trade at a huge discount to NAV. To me that is a huge red flag, suggesting that the market simply doesn't believe that the published NAVs would be obtainable if the assets were put up for sale.

Now back to around 259. Fat fingers and algos?

If you compare the sp performance of HFEL with that of AAIF, something happened in January 2021: HFEL started a steady and continuous decline to about -35% whilst AAIF stayed within a range of 0 to +12%. Similarly, following the dip in late 2022, both AAIF and JAGI quickly recovered whereas HFEL resumed its decline. So, for reliable income without capital depreciation, I'd go with AAIF until the HFEL sp shows signs of a consistent recovery. IMHO of course; DYOR.

Finally received this morning.

I use iWeb. Just had live chat with agent - they haven't received the funds yet but once they do, they will credit the account asap and certainly within 10 working days (!). Don't recall it taking this long before, though.

Has anyone received their dividend yet? I thought the ex-div 01 May was due to be paid 30 May but it hasn't appeared in my account yet. Thanks and GLA.

Agree. I've more than doubled my money on two occasions since 2022 and evidently sold too early both times. My latest foray is up about 10% plus divis and this time I'm minded to let it run if it jumps the 200% fence. GLA.

Trimmed full-year production guidance, but if that's the reason for the SP it seems like over-reaction IMHO.

May have something to do with news report of US intelligence suggesting that Israel is planning to attack Iran?

Anyone offer an explanation for the sudden 6% rise this morning? No news/rns that I've come across.

Having a bit of a wobble now. First bought at around 675 in November 2020 and sold just below 1000 when price slumped in July 2022 - too soon as it turned out, as it recovered above 1500 in November. Bought back in at about 1000 last year so now hoping we're not heading back to that 550-650 range of 2020! GLA

On the assumption that the market can remain irrational longer than I can remain solvent, I'm trying to resist unless the sp drops below 840 as I'm already overweight here. But it is tempting.