#WHO was RIGHT!5 Dec 2013 23:39
Looks like I may have spoken the truth about this share awhile back on this board and I was lambasted for talking about dividend to be cut. As you mention the US markets helping us do a rally past 7000pts. Would be nice, can't see it personally, maybe 69000pts.
Between March-June 2014, I see the QE being reduced, when this happens, the markets will struggle t, and its then that maybe we may see some big volatility happen, I think to buy anything, we would have to hit 6000pts again, there the SSE sp could well be 1100-1200p, and its here the dividend will certaainly be cut.
To say thhe true value of SSE for you is £30 with your dividend reinvestment, what good is that! Your just building something that will be past down the family and will have a mass tax bill to pay? Anyone using a divodend reinvestment programme over the last 2years (personally ) needs to be asked why!