Member Info for Eckie8

Hi Guitarsolo,

Thought I might get you out of the box! I recall that I sold LGEN at £2.43 a while ago to buy 20k of Aviva, and yes I did lose somewhat. I simply decided to sell some LGEN for the first time yesterday before the results and bought back in today. A good move based on bitter past experience. It's not that I don't like the company but it is frustrating that it's remains stagnant and wish it weren't so.

Biggest loser in the FTSE, so embarassing!! Oh well, bought back in at £2.41. Aviva up a bit today. Just wondered, Simões hadn't by any chance decided to insure some tankers in the Gulf?

From bitter experience of this basketcase over the years, for once sold a tranche yesterday and he ho the share price tanked as expected on results. Will buy back a bit later today.

Hi anon3

I am sorry that you have been radicalised by the dividend. Yes I have a large holding for over 15 years and indeed have enjoyed a good dividend in that time. But of course the share price performance is a key metric of any companys performance and unfortunately Simões has failed miserably in that regard, despite the buy backs etc. Also that the share price usually slumps on minor FTSE corrections, results and ex dividend days. I wish we had the CEO of Rolls Royce on board!!

I dread to think how the markets will open in the morning, given the situation in the middle East. If the FTSE fall sharply then LGEN will typically crash by even more. Hope not?

All quiet here? The shock must have set in!!

FTSE storming ahead, up 225 points on the week, but as usual the dismal LGEN down 4p on the week. joining the likes of ABRDN. At least Aviva has recovered well, up 29p on the week.

JCB208 - and in the last year the FTSE is up 22% , with Aviva up 27%. Continued dismal performance by LGEN on Simões watch, despite buybacks etc. The Board seriously needs to review this decline and act soon!!

Not much chance of £3 anytime soon. FTSE storming ahead with LGEN a biggest loser again.A combination of market correction, results day and ex dividend day will get us back to around £2.30 IMHO.

My goodness the FTSE still steaming ahead and I thought this basketcase would reach my average buy price of £2.79 from eleven years ago when the FTSE was around 6,000.

Mind you I did make a mistake recently by selling some LGEN to buy Aviva.

You just can't win sometimes.

Another New Year and expecting lots of ups and downs?

"Nice to see that you're still around and continuing to provide us with the benefit of your LGEN understanding"

I do understand LGEN, as the run fades out at the close, badly underperforming the FTSE once again. Thank goodness I bagged some Aviva late last year.

Guitarsolo,

I am flattered that you keep a close watch on me.

HMRC will want tax on dividends above £500 at 10.75%. My dividend income is just below the higher threshold of the higher rate of 33.75% as my dividends are less than £50,000. I also keep the maximum allowances in ISA'S, which are exempt from tax.

I still hold a lot of LGEN, but decided it wasn't going anywhere soon, so am fortunate to have sold some down to buy PHNX and Aviva, which are consistently outperforming LGEN. Each to their own.

Te he, thought might get you going. It's really to advise folk that there are other strategies to pursue rather than be radicalised by an abnormally high dividend, from which Rachel Theeves gets an ever increasing tax income. I can also offset capital gains on better performing shares with previous losses on LGEN. So I don't live for LGEN's dividend dates but enjoy the times when I get things right for once. Call me a devil's advocate if you like but every chat room needs one, for equalibrium.

Despite all the buybacks and the FTSE continuing to ride high, the stagnant LGEN share price will never match the performance of Aviva and Phoenix IMHO.

Just pleased to have changed my strategy to achieve capital growth and a sound dividend with the latter more attractive rivals in the insurance sector.

Oops sorry, both should be £6.23 and £6.52.

I must have LGEN itis.🤣

This basketcase has been underperforming for years/decades and will probably do so for years to come IMHO. I had enough and sold a big chunk to buy PHNX at £2.23 and AV at £2.52. So pleased with the switch. Yes slightly lower dividends but with Rachel Thieves 2% increase I dont mind so much. Also better capital growth prospects going forward.

Sold another tranche of LGEN yesterday morning at £2.43 before the drop, taking a hit on a capital loss. But can offset this loss against other capital gains.

Finally bought Aviva at opening this morning after the drop. Dividend not as good but hoping for some capital gains over time. Fingers crossed.

Hello hello Guitarsolo. You misunderstand me. I'm comfortably numb about this stock. It's just the basic facts I'm giving. Sorry about the analogy!

I see the stock is in the red again, trailing all the other insurers.

It is sad to hear from those folk radicalised by the dividend (net of Rachel Thieves tax increases) and those with a long term perspective. As mentioned before, I bought L&G shares on my retirement at £2.79 10 years ago, when the FTSE was around the 6,500. Where will it be in 10 years time?

Enough said.

Shrouds don't have pockets!

Triumph1

Couldn't agree more. Pretty abysmal performance!?

FTSE up 34% in the year to date

Aviva up 44%

Phoenix up 34%

L&G up a measly 6%

Divi-C

I think your forecast must be a typo. Should be £2- at the next market correction after the budget, and your beloved divi at risk with that valuation, IMHO. So pleased I'm now with PHNX.

It's heading back that way already. FTSE YTD UP 18%

LGEN up a measly 4%.

Aspers

I've had enough. Been in LGEN for 10 years and its share price has fallen in that time. Even short term the share is down 4% since that banker took over, meanwhile Aviva is up 40% and the FTSE is soaring. As I said before I am ofsetting my capital losses on LGEN with capital gains on Lloyds, Rolls Royce and now Phoenix.