Member Info for eccles04

Just watched the deals for a few mins. Does any know why there are always quite a lot of small deals I mean less than say 200; it can hardly be worth the time effort and fees but still it goes on day after day.

Got 16k and not moving a muscle until the board gets me at least 2.75

Well the pundits have proved right for a change and we have passed 400. Means I have doubled my £10k in about a year but I ain't selling yet because I am fascinated as to what the next div might turn out to be.

Looks like AV is paying 2.30 at present to Morgan so I ain't selling until I can get the same or better.

Nah she needed some readies for crimbo I spec

You made the bad mistake of assuming that investors are interested in past events or a "trailing yield" as you put it. I can tell you that no business man or sensible investor is ever interested in what happened yesterday; they always want to know about future prospects and that used to be part of my professional job before I retired. I would add that the L & G board have already promised that next june's div will be 15.36 p barring a major disaster which further scuppers any talk of "trailing yields" having any commonsense whatsoever.

Somebody said the present yield is about 9.7%, well that's not true. Here's a bit of math assuming the next div will be paid around the beginning of June as usual: Next div- 15.36p / SP 218.9 = 7% which must be annualised because there is only 6 months left before pay day so 7 x 12/6 = 14% . Would go for a contract offering a clear profit of 14% at the end of six months? Of course you would but most so called investors don't really do there maths do they.

Good ole NE will pay for my Christmas, can't understand why it's still so cheap.

Yeh, my £10k's worth is about to double and in the ISA so Rachel can't have it.

Don't worry about COO selling a few, it's to get a bit of crimbo money

OK Finley it wasn't clear to me in yr post but yes I agree about UK plc. However there are always businesses which go against the trend and Natwest has been a good example in the past year or two.

Finley, Is this a joke - the borrowings at the half year were £6b and the total assets were £522b meaning the borrowings were about 1% of the assets. What's not to like about a 1% debt level?

Since when did anyone imagine that the price of shares behaved in a logical manner? I have been an investor on and off for aound 40 years and observed some truly whacky behaviour from time to time over the years. The latest example was during Boris Johnson's covid panic when vast numbers of shares were turned into cash as if the end of the world was approaching, not that a pile of cash would be of any use in such a scenario. These things happen because many human beings are incapable of logical thought when in a state of fear as any psychiatrist will tell you and often even in shall we say "normal mode", many of us still cannot think properly unless they have had some training. In just over six months holders of these shares will receive 15.4 pence almost certainly and that can be annualised to a yield of around 14%. This means that the current SP is illogically very low but it is not moving for the reasons I have outlined above.

Looks like the market thinks differently to some of the dinlos that scribble on here.

Dragon: He who hesitates is lost.

It's silly to sell when this SP has obviously got further to go but some are doing it IC.

And so with most of us investors are now realising that Rachel is not doing us much damage, many SPs, including this one have gone back up today. After all CGT is a matter of choice and I personally will not pay any this year - I will stay under the threshold with the two or three profit deals that I shall make.

Yes Lurk, it's actually a form of double taxation for most people and as such should be abolished as also should stamp duty on buying a home. There is no VAT on food because it is essential to life. IMO having a home is also essential especially if one wants to have a family; any government which continues to tax the purchase of a home needs to be voted out.

The bit which everybody is missing is that she is not taking the cash to put into some forever piggy bank, she is simply taking it from one wallet and putting into another. E.g. a local much needed road improvement nearby to me where it will end up in the hands of the construction firm and it's employees to do what they like with.

We have been seeing lower prices almost everywhere supposedly because folk have been selling because of budget fears. This is almost as silly as similar activity which occured during Boris Johnson's covid panic when my son was able to buy Lloyds for a knock down price and of course has subsequently doubled his money. Did anyone really think that Lloyds was going to be in trouble because of a virus? So now you have unloaded and have a pile of cash because Labour's Reeves wants a bit more tax, does that really make sense? I think not and thus have bought another £5k's worth of LGEN cheap.