Member Info for eccles04

No value is probably about right at present. They are still losing market share to discounters, etc., and there are lots of places where one can get better than 5%

Logic, if the businesses were successful, why sell them? I have never heard of any company selling a successful business.

They didn't really "make" 5billion rather they sold off the business in Malaysia and Thailand which they couldn't succed with and decided to give the money back to the share holders. It's all in the RNS.

There are fools there are complete idiots and there are numbskulls. If you buy extra mature cheddar in Tesco made by a famous west country firm you will pay £7.82/kg and this is priced for the numbskulls. If you buy extra mature cheddar in Lidl made by a famous west country firm you will pay £4.48/kg If you buy Carte d'Or ice cream in Tesco you will pay £3.50 per tub and this priced for the numbskulls. The same tub can be had in Lidl for £2.

One has to understand that there are plenty of part time investors and "traders" out there who do the most surprising and illogical things for no appaarent reason other than their own fear and panic. I believe that the drop back to 2.45 at the end of January coincided with the announcement that 100,000 had died. Well people die all the time, its unavoidable for all of us and in the UK its approximately 10,500 every week from all causesand yet LGEN carries on in business and paying divs just as it has done for many years and I doubt if the very good yield will change much in the next few years. All this is ignored when a panic sets in because a lot of folk cannot think clearly when there is one.

It's all computer generated stuff and as we know computers often go mental because people make mistakes when telling them what to do LOL.

I believe that you got a good price, if I had some readies I would probably add some more myself. Hard to find yields like this these days from good businesses.

HL wrong again 22.11p is just the basic unadjusted figure, I just did the calculation myself and 27p is the correct figure. Don't bother with 2nd rate outfits like HL, started in someone's back bedroom I believe....

"struggling dividend coverage", what rot. £18,000 m in cash and 27p eps is not a warning sign to me.

....and so the amazing immature behaviour continues. I have only been here for just over a year but almost cannot believe the way some grown male (presumably) investors behave. Can someone explain to me the purpose of this ongoing diatribe of gibberish.

I am well aware that the market is sometimes not only illogical but completely nuts. There are obviously loonies out there who have utterly failed to understand the medium term effects of share buy backs. They of course mean that there are less share holders to divide the dividend to (that's why it is called a dividend) and thus the dividend per share is enhanced assuming that company profits keep accruing.

You are both so right, pure math and the like are good if you intend to be an engineer/architect/scientist but most folk need a good grounding in statistics and finance which they don't get at school. I am a retired accountant and the number skills which I have give me a huge advantage over the average bod. However when folk say "you must be good at maths" I always say "not really, it's the simple stuff I mainly use in my job". What do I mean by that? Accountants use percentages, ratios, statistics and basic arithmetic and always to make comparisons and possible predictions but they do these things so often that they have real meaning and value in the world of finance. Thus they are not easily fooled by some of the products offered in the money world as so many others are.

Falk I am not poking fun but why do you mess about with LLOY for peanuts when there are much better prospects elsewhere? E.g., six weeks ago one could buy LGEN for 2.45 or there abouts (obviously too cheap) whereas today the SP is 2.89

Just doing the same as some directors did last month - load of old rubbish init.

Hmm can't always be sure but I ain't selling. I have another AIM share which started at £3k about 6 years ago and finished up at just over £16k recently so anything is possible. I have in the past cut and run when I have doubled my money but now believe that is not how to become a millionaire although I am getting close. Mr Buffet says if he finds a good share he just keeps it.

You have to realise that Questor is usually 2-3 months behind the present situation and and only knows a bit more than the average punter DYOR

Thanks for clarification Rudolph, no problem JIM is continuing to make a small fortune for me as well as themselves wish I had gotten in earlier but recently bought another tranche.

Yet another sell out - strange behaviour for an expanding business NOT. Either they are short of cash or can't find a decent manager to run the show in Poland, neither scenario bodes well IMO.

Perhaps I could explain to Longhold:- A share of a large business in a mature market needs to dish out decent dividends in order to grow the SP (unlike LLOY at present).

Fascinating and WD sounds. They are of course "penny" shares wih an NAV of 17p oer share and the balance sheet totals are only £5m odd so unless something very unusual happens I don't see how JIM's holding of just 5% is going to get anywhere near £100m. unless I am missing something. More like £500k on a good day with the wind behind.