Member Info for eccles04

Anyone who imagines the effectiveness of a covid vaccine which singularly fails in it's alleged purpose on all counts and is seemingly unable to prevent spreading of the disease, has to be incapable of arriving at logical conclusions in my view.

Actually some imagine that during a recession DIY suppliers suffer but in fact the opposite is true - because many find it difficult to hire tradesmen when money is tight, they set about doing work themselves. This has been proved many times - ask B & Q if you don't believe it.

Hi Shaun, there are somethings where demand hardly ever drops. They are described as "inelastic" per my old economics text book such as car insurance, bread(rice in some countries) and water becuase folk cannot do without them.

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.

WD Simon, personally I suspect that we will get a quite useful div but we'll see.

.... 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

People will always need to buy insurance, bought at 185 this morning while the duffers were in panic mode.

Charlie Nunn has no previous experience in a CEO position nevertheless Looyds Bank recently gave him the job.

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.

Simon, I agree with Cul, Charlie Nunn (recently appointed CEO of Lloyds Bank) did exactly the same thing back in March.

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.

"Stable income" eh? Someone is having a larf, the EPS is up and down like a fair ground roller coaster.

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%