Member Info for eccles04

£780 for a 14 yr old BMW which is worth zilch and certainly not worth repairing, sorry but I don't believe a word of it unless the driver has a very poor record.

Personally I couldn't care less and certainly wouldn't be daft enough to sell when the SP is low which seems to happen about once a year with LGEN for no apparent reason. The return on my holding has averaged 8% over the last five years but that on my average cost of 2.32 because if I have some spare cash I don't buy when the SP is high. Now that is a dam sight better deal than Coventry BS and if you don't consider that you have any capital loss, just try buying the same amount of cheese as you bought last year with that £ that you have in said BS.

Considering that they had £20m in the bank at 31/12 and will only spend around £1+ m on divs, I can't see why the "market" is in a bit of a panic. But then the market often goes barmy for no logical reason, e.g., the panic started by Boris over covid. In case you haven't noticed, we still have covid but the media have now stopped bothering with it.

When Boris & Co started the covid panic and wasted millions for no good reason not so long ago, LLOYDs dropped to around 30p because the idiot brigade imagined that one of the oldest and biggest bankers would be in serious trouble. Why they thought that a common disease would have a huge effect upon LLOYDs bottom line is beyond me but my son thought otherwise and bought a nice little pile from which he has done very well of course. So the inflation rate is a couple of points higher than the BOE prefers; is that going to have a serious effect upon LGENs results? If you think that then you are just as daft as those who sold LLOYDS cheap because of Boris's crackpot behaviour.

At this price the prospective yield is practically 9%!!! I also used my spare cash to add more to my ISA -it's a no brainer.

Never mind all that useless jabber, I have never heard of any platforms doing a runner in 40 years of investing. however the RIO sp is nearly down to buying time.

Mecon, my average return over the last five years is 7.6%, probably because I have only bought when the SP was well down.

We have a bit of accounting foolishness to consider here which has no effect whatsoever on the amount of cash being generated. As a retired qualified accountant I can and do call it foolishness: Affecting the bottom line is a "loss" of £55m from "unrealised fair value" of the company's investments. Seeing as the company has no intention of disposing of these assets because that is where the cash comes from, the accounting standard which says that you must put this in your profit and loss account is pure pie in the sky and I would scrap it (the accounting standard I mean) given half a chance because it tends to deceive investors like you and I. In my young day as a trainee accountant many years ago we did not have such impracticable accounting rules dreamed up by academics not working in the real world. Perhaps I should explain a bit further;- That number of £55m shown in the half year accounts will almost certainly have changed by a significant amount by now because it is dependent upon day to day changes in market conditions.

Temple: Even at 90p the yield was still a most accepetable 9+% so I really can't understand why we are now in the 70's. It has to be great opportunity to buy more and so I will when I have a bit of spare cash directly.

Methinks you are right Fisher but I am a bit loathe to unload my LGEN holding when I have known NESF for only a few months. Perhaps I will add more when I next have some spare cash.

Hey Abject, Retired accountant here, don't bother with so called financial advisers, they just take your money for telling you what you can find out for yourself. If you care to go to HMRC's own website, they make it quite plain IMO. It's actually £50,271 when the 40% rate kicks in so if your taxable income is £45,000 because the first £30,000 of rendundancy pay is NOT TAXABLE then the tax rate on it is 20%

Hi tolorisk, A few years ago I would have agreed with you but more recently the Conservatives have lost the plot starting with choosing a variety act as their leader in 2019. Since then things have gone from bad to worse millions having been thrown away on a health scare which made not the slightest difference and which we are all now paying through the nose for.

Hi vulture, Yes you know it doesn't make sense but neither does it make sense to shop there when one can get better deals in Lidl, Aldi and Home Bargains. There are large sections of the population who are easily convinced by repetitive disingenuous propaganda and that is why the advertising industry does so well.

I have another £5k waiting in the wings, looks like I will soon find an acceptable price offer for this share.

Ridiculous comment, the market has known about a Labour landslide for months, why would Sunak bringing it forward a couple months make the slightest difference to so called "sentiment"?

Forget it, brokers know no more than you and me. A few weeks ago a certain outfit with a name like citi blatantly tried to deramp a well known stock and it worked for a few days before the SP went back up again. What makes me think that some of their pals were able to take advantage of their nefarious scribblings.

Unless we know that this year is en route to producing a seriously better result than last, I consider that the recent high was a bit too optimistic. Therefore not surprised to see a drop back in the SP.

I don't understand why folk use HL. LSE has cheaper transaction fees and no annual charges.

Got my £300 DLG div Abject. Who are you with?, - some operators are not as good as LSE.

Profit taking by so called day traders. It was bound to happen after the rise of the last few days and often happens on a friday. They make me larf with their fiddling about with a few pence here and there. Sometimes one of them will scribble about his own exploits which usually involve a couple of hundred quid rather than serious money.