Member Info for eccles04

I said it was too high dint I. Trouble is folk get carried away when some amateur pundit in a newspaper opens the gob I bet he made a few bob tho'

Best wait until after ex div now if you want a cheap deal.

Far too high now, I will wait until after ex div before dipping a toe.

It's not that difficult for a new boss to turn around a long established business if he knows what he is doing, especially a business which has done well in the recent past. There have been plenty of examples in history of precisely that and CVB has gven us one. If AGEAS really want this valuable business they had better stop p***ing in the wind and make a serious bid or butt out.

'course as a retired accoountant I can tell you that there is a lot of mumbo jumbo dreamed up by my profession which is beyond the easy comprehension of the man in the street. IFRS17 is a typical example to which my litmus test has not been applied and it should be thrown out. My "litmus test" is simply this:- Can the man i the street understand it quickly and easily? I mean if you have taken cash for a contract which will not ordinarily be returned, that cash is yours to do whatever you like with. Oh but such and such an adverse event might occur in the future. Yes but it might not or it might be delayed for many many years, who's to say. OK I with my past experience will decide what reserves to keep without some accountant who doesn't know my business trying to create a complex formula to make me do so.

Still waiting to see how far it will go until we reach exdiv like wot I told yers. Every chance that the SP will hit my personal target and I will sell rather than take the div.

Skid, my friend you will never understand this business; even I as a retired accountant do not, it's too complicated. However, they have been around for 150 years and keep paying juicy dividends which is what really matters.

At this price the yield is 8.5%, not the number currently on this page, who is complaining, not I.

Maybe, maybe not; DLG itself has big cash and investment balances and AGEAS will have at least two bankers it can turn to.

Yes, it's the ex div date that matters and that is nearly two months away.

Hey Abject, LSE seems happy enough to quote AGEAS and presumably deal so no worries methinks. Forget Halifax and get an account here.

Bit of silly profit taking going on I see. That won't last long and they will soon regret it.

IMO there is absolutely nothing wrong with this excellent dividend payer, they even carried on paying divs in the middle of Boris Johnsons covid panic unlike many others but some will have forgotten that. Just think, when the covid panic was going full blast you could have bought these for £1.60 or thereabouts because they were being sold by many who thought the end of the world was about to start. I did not have any spare cash at the time unfortunately. Interestingly, covid is still doing the rounds but the politicians have forgotten about it.

Hey Johnycl, I can still recall when I was a trustee (and accountant) of quite a large pension scheme. Until I arrived, the trustees had been using "an active fund manager" and of course paying for him. It did not take me long to realise that his performance was failing to beat the FT all share, I successfully persuaded the other trustees to sack him and put the money with a couple of tracker funds, one of them being L & G at the time and we started to do a lot better.

So called capital growth in shares like this is defined by some people as an increase in the SP. However, that is caused by not quite logical behaviour by the average joe investor and tom foolery by so called investment professionals aided and abetted by market makers. Real capital growth is caused by directors using generated cash to invest in assets which they hope will provide further profits and that is an entirely different matter.

It fascinates me that folk are always looking for a higher share price when as an investor I am really only interested in a good return. If one decides to save in a building society or a bank surely it's the interest rate which is usually the decider; you have no expectation of getting out more than you put in if and when you decide to take your money out. So with a regular and quite good dividend payer like L & G why do folk also have some expectation getting a capital gain. I certainly don't because there are not many places you can the sort of return that L & G pays these days.

They could easily have paid more and I am wondering why they didn't? Hey Natwest Board, could we have a special of say 8p in the summer?

As sometimes happens, LSE is not quick enough off the mark, the correct yield at the present price is 7.5% making the price still quite a bargain IMO.

I think it's a kind of watch that goes backwards for those who like to live in the past.

Well spotted BeReyt, which has to mean either Deutsche is talking crap or CITI is......