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Considering that Rio uses a lot of oil products in it's operations, I would have thought that the falling price of crude would have boosted the share price more than we are currently seeing.
Hi Motbuck, There is no logical reason unless you count that there are a large number of dinlos in the investing community. I recall trying to explain to one of them last year that his method of measuring the small gains he made from doing "daily trading" was completely wrong but he wouldn't have it.
Doubt if you will find much difference trying other insurerers, they will all have similar if not higher costs to contend with and DLG do have their own reapair shops. Also the first time discount business has now been ended by law. Many of us have been doing quite well in the last few years but all good things have to come to an end as they say. If you are daft enough to become a "poor risk" by doing Jackie Stewart driving, you can expect to be absolutely caned shortly IMO.
.... just because of inflation/fuel prices? I don't think so, in my street there are three houses having major improvements done plus two of my neighbours are having new fences and I spent £50 in Wickes in the past month.
mjallen: Yes well, not unknown for them to do a special, did it in 2019 and 2020 added to my funds on each occasion. Wonder where that nerk has got to who tries to forecast a takeover every so often.
'course a lot of folk watch the divs, which are of course quite good, but ignore the EPS. Not shown here today but at 34p, the highest result for the past 6 years. BTW when are people going to realise that LGEN are no longer a general insurer having sold out two or three years ago.
Juts got a feeling in my water, we could see a div of £3 or so next month
Still have some Heinz in our local for £1/can! I am not that stupid, got some in Lidl 58p/can.
Definitely agree MrMath, I didn't invest to make a short term gain but to get a medium term return better than the banks will pay, i.e. around 20% over the last three years and more to come no doubt. On that basis, I simply don't care what "the market" does.
There are always plenty of idiots about ready to to make stupid moves for no apparent reason. The management of this out fit consistently make great profits and pay exceptional dividends ; the current SP of this share is obviuosly showing the presence of quite a clutch of said loonies because it is at least 30% lower than it should be.
Here is something else to concentrate on:- The board of this outfit seems to know how to regularly produce acceptable profits and pay decent dividends. Is there some kind of massive force majeure which is about to prevent them from continuing to do this? Covid certainly failed to do so.
So if you had ignored some of the rubbish which is spouted by some on this board and bought at 2.38 which you could have done just two days ago, you could sell today and have made a 4.5% profit in just a couple of days which annualised works out at over 3000%
There are n fact dozens of "safer buys" and a number of supermarkets which are far more affordable than dear old Tesco. People are beginning to learn this but it will take time because of the constant stream of propaganda that they dish out and which a lot of peopel believe. A far safer buy is for example L & G which also regularly dishes out a yield of virtually double that of T.
That might be true if the company had any borrowings but it doesn't and in fact has a fair bit of cash from which it could actually earn more from any "interes trate increases".