Member Info for eccles04

WD Chinson and absolutely right, got to be a typo tho' - LGEN has never been near 350 in the last few years.

Well yeah LGEN but you seem to have some already, Byee

Probably a typo then, 351 is a very strange "target " if you think about it but I still can't find it. Was it two or three years ago?

Illogical market behaviour: DLG sets about buying and cancelling shares which effectively enhances the present and future yields and the SP falls. Despite many years of observations I still cannot understand some of the crazy behaviour on stock markets.

EUA stuff;- sometimes people make mistakes and post under the wrong company heading. Seen it before and it causes a storm in a teacup for a few days and then vanishes, ça ne fait rien

Yeah, how did you invent that price Punter64, I ran a few searches this morning and can find nothing at all from Barclays. Maybe you were looking at Berenberg who suggest 315 not 351.

I would hazard a guess at a drop to around 210 when they will take their profit and walk away. Did the same back in Feb when the drop was 242 down to 223.

Last year it was in early June same as in 2019 so no reason to think it will be different this year.

Investing on the basis of "a feeling" is not logical especially when considering a long established high yielding and solid stock which we have here. A few weeks ago due to the operations of the barmy army the SP went down to 245 so knowing that it was completely illogical I scraped together another £10k , now worth £11.5k of course.

You have to understand that an awful lot of people who had spending money before the Boris lockdowns now don't have any. Thus until those people recover financially which will take 18 months minimum, they will not be able to go into the supermarkets gungho. That's why the markets are correctly reading a period of lower profits.

I am a simple minded accountant who likes to read balance sheets. These guys have now got even more "cash" that they had last year so I have to ask why, unless they are still being careful of covid ...... which doesn't really affect their business.

On it's way to 300 where it should be.

Hmm, not convinced yet Libero, found another AIM stock last year which does pay divs and has given me nearly 25% so far, suspect that it will be quite a while before BMN shows the same DYOR.

Utterly amazed, didn't know that folk still messed about with share certificates in this day and age.Last time I had any was over tewnty years ago.

Not that I have yet dipped a toe Libero although tempted but we have been hearing all this for a couple of years now and still no siign of any divs.

Yeah thanks for that sufc. In just over a year, these guys have made 18% for me why on earth did I not buy more when the the SP was in the 260s, doh!

Business is obviously still ploughing ahead depspite covid. Suspect it might have done a tad better without covid. Personally I would have liked a better dividend and I beleive that next year we could see more than 20p per share.

Noted that the Co spent £23.7m on buying own shares at a quite good average price apparently to ensure that said shares were available for employee share options. That's quite a lot of cash.

I quote from the RNS dated 19/11:- "As 2020 is a pause year, the Board's current intention is to keep the final 2020 dividend flat.[4]

From 2021 the Board intends to grow the dividend at low to mid-single digits."
Also the final div was announced in April last year and the board did this in the face of the BOE telling them not to because of the government's virus panic.

What a strage thing to do when we are only a few weeks away from a dividend promised by the board.