Member Info for eccles04

Ahem, do your math again Marcus

David Wood must be having a chuckle; his recent share purchases are up around 13% in value.

Roger is correct except that I believe it is Portsmouth slang as I never heard it anywhere else. I grew up in the area.

Yes, contrary to the belief of some dinlos, dividends do matter because that is what the big institutional investors need in order to maintain the real value of their money.

Problem is that a lot more folk are going to the discounters because Tesco's prices are rising. They are not much cop at getting decent prices from suppliers because they still take too long to pay - not exactly great management is it.

Thanks for that you guys, I stand corrected but it looks like it may well be all done and dusted.

It simply doesn't matter, they are making good money and paying dividends, eventually the market will understand the true value of these shares. "Everything comes to he who waits".

Why? They have not been involved in property cladding as far as I know.

Problem is that the board is reluctant to pay a decent dividend for some unknown reason. It doesn't seem to occur to them that they should do such during inflationary times.

Ahem, forget all that blah, blah, blah. I'll tell you what matters in the present scenario, you need investments which preserve the purchasing power of your money and that means businesses which have a record of paying dividends which yeild above 5-6 %. I confess to having a small portion of my cash in a couple of outfits which I hope to get some growth from but I know that it's a gamble in reality and it could go wrong.

Now listen mousy, if you do a bit of research you will discover that L & G stopped doing general insurance two years ago, therefore nothing in Ukraine.

Oddly enough heavy wind is nowhere near as costly as a flood is to the insurance industry: Neighbour lost a few tiles but it was all sorted in a couple of days, and my little green house lost a couple of panes - no big deal but we both agreed that a flood would be far worser and would take weeks to sort. So I don't think DL will have taken a serious hit.

Agreed and no logical explanation. It dropped to just over £2.50 back in the summer but was back up to £2.83 within weeks. I bunged in £5k and made a quick 11%.

Happens allthe time my friend, my bank does it too. Always have one last look at what you are ordering before clicking.

Very slow if you ask me, in this day and age a 3 or 4% div is not going to make you rich and most of the board are living in the past.

Hi Chillphill, Absolutely nothing wrong with this business which always makes money come rain or shine - because everyone has to buy insurance and seems to be able to pay decent divs quite regularly. In other words almost perfect for the medium term investor. However trying to "trade" it is risky because as you have observed, it's up one minute and down the next and that is because "traders" (gamblers in reality) mess about in their usual manner imagining that at some point it will make a great leap forward and then sell out when it doesn't BECAUSE ITS A MATURE BUSINESS.

Can't wait, they have given me a 25% return on cost in the past 12 months, can't get that very often these days.

Yes, was just wondering who made a few bob out of yesterday's panic by the dumbos. I didn't have any spare readies to do it. My bro got in touch (he has a tendency to panic) and asked what to do and I had to remind him again that just because the dumbo investors get into a state and change their shares for cash does not mean that LLOY and a few others I could name suddenly stop making money.

Nearly all of my portfolio has "steadily declined" over the past month Cul, not just WIX. Seen it many times in my life, i.e., the market sometimes goes into free fall for no logical reason then goes up again. However, we talk about the "market" but really we are talking about human beings and they sometimes go partially bonkers for no apparent reason. In fact I have heard it described as an "eclipse of reason" and we have just had an extreme example with this covid business which the government has finally decided to halt before more economic damage is done. If you really think about it properly which most people don't, none of the restrictions, vaccines, face masks, rules, have made any significant difference and someone in government has finally realised it.

Seems people are forgettng that a lot of revenue comes from Australia where they have a loony government which is locking down everything that moves.