Member Info for eccles04

The yield shown on this page is wrong, 9.2% is the correct figure and more like 10% prospectively from what the board has said. This means that a "sharp fall" from the current SP is actually a very strange thing to suggest because it is already too cheap.

Who is this porch fella? I bought in earlier this year and have made about 13 % in just over 6 months so far so he is obviously not very with it methinks

Eckie, Agreed but they take 20% if it's interest as per the bonds that my bro is currently in. They do say that they want folk investing in British companies so maybe we'll get lucky and it will stay at 8.5.

There are roughly 8 months to go before payment of the next final div which will be roughly 15p. At this point in time the prospective yield is therefore 15/228 x 12/8 = 10%. I contend that getting such a yield from a top blue chip is phenomenal. I will now buy another £5k worth.

I am getting a yield of nearly 12% on what I paid. Can't go wrong really and will probably buy more shortly.

People forget that not so long ago they handed out £3.45 per share. That would be a 20% yield on todays SP.

Gary59, Depends on whether they will borrow a bit more or not. Quite common for businesses to borrow if there is a prospect of enhancing profit. The last venture I did before retiring, I borrowed about 25% of the capital required and finished with a clear net profit of 15% so that bit of borrowing was well worth it.

Like your analysis today Lending; to sum it up some people in this business are gamblers and some are investors. Although I am not a gambler I have had some nice wins occasionally over the years but I know that the bookies beat the punters more often than not and so does Warren Buffet.

What are they going to do with all that cash - pass some of it over to us maybe?

Three months ago my son said we should buy these. He was right and I paid 68.8p with "serious money".

I bought these four years ago since when I have had a return on what I paid of 32% or approx 8% per annum and there are rather few places which will give you a regular similar return. It's true that the SP has not really moved in that four years but neither would a building society deposit which have returned considerably less over the same four years. LGEN makes me so happy.

Quite right Meco although I wouldn't call it a broken metric rather it is just irrelevant to anyone trying to decide on an investment.

Contrary to popular belief, dividends come out of cash rather than "profit"; directors can easily pay out dividends if the business has more cash than it needs. As a prime example, look at what Tesco did in '21, a whacking great dividend effectively paid out of the cash they got from selling a poor business and lots of folk still think Tesco are something wonderful (NOT) as a result.

Divi yield is now about the same as Tesco and not many complaints there so if Winslow really does expect further profit improvement in second half, this share is now cheap.

Never mind all that, as I once said to a solicitor aquaintance, I know of no other profession which causes more misery than the legal profession. He agreed with me.

Seeing as these numbers are now over six months old and are mainly irrelevant to how much div they could pay, today's small drop in the SP is meaningless.

Hey up narky Narcus I actually bought 8700 for bang on 68p on April 9 and of course got the divi on Aug 2.

What's all this dropping back talk, seems like deramping for no logical reason to me as I paid 68p a few weeks ago and got a divi too LOL.

Please explain the "joke" Malcolm. NESF results were duly issued on June 19 as scheduled in RNS so no problem. Also please let us know which outfits have moved to NYSE; I note that Apple and Microsoft are still listed by the LSE.

Haven't looked to see who started this thread but the yield is still over 9%. Not many places is such a high yield available; in fact since I first bought these around four years ago my dividends have totalled almost 30% on what I paid.