Member Info for eccles04

So some Wallace tried deramping today seems not to have worked.

AIMO, you are probably right especially considering that div tax is no where near as painful as Rachel's CGT now is. I was a bit surprised that she didn't pick on div tax too.

Decide not to sell my holding this morning, another 7% gain is not to be sniffed at in these uncertain times.

Guitar, As a retired qualified accountant, I have every sympathy with today's CFO's, etc., who have to contend with some of these meaningless accounting standards many of which I would personally scrap given half a chance. Those which require "write downs" simply because on the balance sheet date some assets have only such and such value when within the week following those same assets can regain much of the so say lost value are particularly feckin crackers and largely beyond the comprehension of the bloke in the pub who supposedly they are trying to inform. In my young day when I was working hard at the required exams, we had no such stupidity.

Mole; you can gabble away for the meaningless entertainment of onlookers but I have had 35% over the four years of my holding in real money and such a return is not easy to find these days.

Amazing how quckly the market has forgotten the excellent half year results, guess I must find a few quid to dive in at this ridiculous price.

Hard to believe that various looneys are actually selling today but hey ho twas ever thus.

Since when did you guys not understand that there are certified looneys operating in the stock markets. Here is an example:- During Boris Johnson's covid panic it was possible to buy Lloyds for half the current SP, so we did. It never occured to the loonies that the chances of Lloyds losing profits because of Boris's panic were zilch so they joined the panic and sold very cheap. Well nothing has changed there are still plenty of loonies out there selling cheap for no good reason and there always will be fortunately.

A 12% yield at this price, you have to be mad to turn yer nose at such a deal. I will soon be buyng more.

It is not yet "done" per the takeover code there is still time for another bidder to come in or for some other factor to get in the way and thus the SP is no where near £2.75 at present.

So now you have sold; why on earth did you do that? Do you need a new thinking head as Worzel Gummidge would say.

Just watched the deals for a few mins. Does any know why there are always quite a lot of small deals I mean less than say 200; it can hardly be worth the time effort and fees but still it goes on day after day.

Got 16k and not moving a muscle until the board gets me at least 2.75

Well the pundits have proved right for a change and we have passed 400. Means I have doubled my £10k in about a year but I ain't selling yet because I am fascinated as to what the next div might turn out to be.

Looks like AV is paying 2.30 at present to Morgan so I ain't selling until I can get the same or better.

Nah she needed some readies for crimbo I spec

You made the bad mistake of assuming that investors are interested in past events or a "trailing yield" as you put it. I can tell you that no business man or sensible investor is ever interested in what happened yesterday; they always want to know about future prospects and that used to be part of my professional job before I retired. I would add that the L & G board have already promised that next june's div will be 15.36 p barring a major disaster which further scuppers any talk of "trailing yields" having any commonsense whatsoever.

Somebody said the present yield is about 9.7%, well that's not true. Here's a bit of math assuming the next div will be paid around the beginning of June as usual: Next div- 15.36p / SP 218.9 = 7% which must be annualised because there is only 6 months left before pay day so 7 x 12/6 = 14% . Would go for a contract offering a clear profit of 14% at the end of six months? Of course you would but most so called investors don't really do there maths do they.

Good ole NE will pay for my Christmas, can't understand why it's still so cheap.

Yeh, my £10k's worth is about to double and in the ISA so Rachel can't have it.