Member Info for eccles04

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".

Message to all who imagine that the market "knows":- No it doesn't, it is feckin crackers and today's price of this share is a great example.

Wish I had a spare £20k, the last time it dropped to this level it was back up to the £2.60's within a couple of weeks.

"Wickes biggest spend comes from the older groups, retirees in particular. " - Very true, at 78 I have a fat pension, don't pay NI and have no mortgage. Pop into Wickes two or three times a year cos usually cheaper than B & Q and spent about £600 so far this year.

Yes, got mine thanks. It does not seem to have occurred to the market that we have had two years of remarkably low divs vs the EPS. My guess is that we will see a really great final div this year.

"The points that you are conveniently forgetting eccles04 are that dividends are not assured and that ther is no guarantee that capital will be preserved." Interest rates have fallen from 5.75 in 2007 to just 1% now if you are lucky - not very assured is it especially if one considers that due to inflation the value of capital has not been "preserved" at all. It is absolutely certain that £10,000 you had a year ago is now only worth £9,100.

If I went round to my neighbours (those who know nothing about investments like this) and said I can get you a return of 8 - 10%, they would snatch my hand off. Yet here we have a business which is offering just that or even better according to the directors' forecast for this year and still we see nay sayers.

Poppy****, the drop ended last week at around £51.6 when I got lucky and managed to buy another tranch.

Hey Bald, I have held these for some time now as they give a consistent high yield and for some inexplicable reason the SP does drop every so often. I don't let it bother me because it always comes back up again after a few days.I see that there are still some sales at this level by silly computers; well it's not the computers actually it's the silly peopel instructing them. Of course it can be an opportunity for some to get a good share cheap but I don't have any spare cash at present.

traderUk, correct, these shares are too cheap for the yield available. Probably because a lot of daft "traders" got into a panic and started selling. I waited until the silliness was nearing the end then bought another £50k's worth at £2.32

Glancing through this morning's transactions so far, I see no sign of any possible bid activity. We had someone making similar suggestions last year without evidence but it came to nothing. The market is going through a silly session again as it often does when there is no good news but in the case of essential service providers such as DL, they will continue to successfully sell their products.

Baldy, Agreed, current price is amazingly cheap for a share of this calibre, must scratch, I will be adding another £5k worth.

Trouble is very few people believe that Deutsche' s predictions are worth the paper they are written on because they keep changing their minds (four times since Christmas). Meanwhile DLG carries on paying good dividends.

Agreed, managed to get another chunk at £51.5 and with the ongoing hefty cash situation I suspect we will see another large interim divi in a couple of months.

Could be hit by Ukriane selling scrap Russian tanks, etc., for low prices.

Trotsky math problem:- An icrease from 0.75 to 1.00 is an increase of 33.33% NOT an increase of 0.25%.

rxdav, quite correct and at times like these one needs shares which pay decent divs in order to preserve purchasing power so I just bought another tranch because every one still needs insurance no matter what.

Never have a problem with Jarvis (LSE) and they do not charge monthly/annually for maintaining your portfolio or ISA.

Makes sense to me, they would not want to get involved in the ramifications of exchange rates changing day after day as they do. So they went out on the day and bought GBP at the best price they could find.