Member Info for Eckie8

The FTSE surge continues, yet the dog LGEN is again falling back badly!! Just as I predicted, as everytime Simões announces something the share price tanks. So glad I sold again at close yesterday. Will wait for the next market downturn and get some more PHNX.

FTSE recovering well. LGEN tortoise not so good, as expected. PHNX much better all round with dividend payout at the end of the month.

Guitarsolo

Yes I bought another 10k of PHNX.

I used the term "slide" as I my average buy price of LGEN is £2.79

Year to date FTSE is up 15%. LGEN up 2.5%. The stats speak for themselves. What CEO would be proud of that performance?

The slide continues!! So glad I sold a chunk of LGEN and bought PHNX. Can't believe I got the timing right this time. Up £5k on PHNX capital value and getting a £2.3k dividend at the end of the month.

What's going on??? The FTSE is at an all time high, up nearly 200 points this week, yet L&G is down over 4p on the week. Can someone please explain in simple terms what is going on. How can Simões face the Board with this miserable performance!!!The share price graph should be posted on the Boardroom wall. It reminds me of that twit Bird who dropped the vowels to ABRDN and then decimated the Company before they got rid of him.

Be very careful. If the share price continues to underperform badly the value of the company falls in proportion and the dividend could be at risk. The increase has already been reduced down from 5% to 2% for next year. Much better to have growth with a steadily rising share price to track the FTSE and a sensible dividend.

Te he ICl1960, that's life. I'm expecting Rachel Thieves to increase tax on dividends at least up to 10%, possibly more. I still haven't received my dividend yet from iweb?!! but my reinvestment into my ISA was bought at £2.40- rip off again. Now LGEN is back to normal dropping as the FTSE steams ahead. What a basketcase!!

So glad I sold a chunk of my LGEN and bought PHNX.

Jcb208

Oh dear sorry to hear that. You win some and lose some!

I note that Simões was on CNBC this morning. Every time he comes out of the shadows and says something the share price falls. He is a liability and the Chairman really should keep him away from the media.

FTSE up, Pheonix up, Aviva up and even ABRDN up a bit. L&G down as usual mmm, one step forward and two steps back. So glad I finally got rid of some of my L&G holding.

Anon3

Yes not good timing. Bought around February 2015 at £2.79 with the FTSE at around 6800 points. That's 10 years ago!! I had expected more capital growth, given that the FTSE has risen around 2500 points in the same period!! Perhaps you can understand my disappointment in this Company's performance over the long term.

Nicknaim

I do appreciate your sardonic wit, very amusing. I have changed my investing strategy and couldn't resist buying PHNX, as the results were good and the share seemed oversold. I will look for other similar opportunities. However not usually with L&G, as when they fall they don't generally recover within the same timeframe. Perhaps you might do the same?

Guitarsolo,

Thank you for your sentiments. You are clearly wedded to L&G and that's fine. Actually if you read my message I bought PHNX on results day - 5,000 at £6.20, so making a tidy capital gain in a matter of a few days thanks to the proceeds from my worst performing shareholding in L&G. Also the dividend is comparable. I am also pleased to use my losses on L&G over the last 5 years to offset capital gains on other shares e.g RR & BAE.

You're right, I suppose I can't really blame the ex banker and foreigner Simões. After all it's the Board who appointed him, even though he had no previous experience in the insurance sector!!

I still hold a considerable number of L&G shares and hope they can turn the corner, although I fear that the next inevitable FTSE downturn from it's current highs will result in a magnified L&G's fall in share price. It's all about timing and a lot of luck.

Finally took the plunge, sold some L&G after the surprising big PHNX fall and bought 4,000 shares at £6.23. Now pleased to see some recovery in the share price, as opposed to the capital losses I have endured over the long term with L&G. Fingers crossed I can now have the best of both worlds, with capital growth to track the FTSE and a very respectable dividend.

I think Simões keeps a low profile, as it must be very embarassing to see the company perform so badly against the FTSE under his abysmal leadership. I have now finally sold some L&G shares at a big loss and purchased Pheonix on it's recent drop. Divi good and share price recovering well. Fingers crossed that it will perform well over time.

What normally happens is that the share price rises on the lead up to reinvestment and then falls back sharply once your capital is swallowed up. For example, at the last dividend payment reinvestment day the share price was £2.57. Look where we are now!!

There may come a point when the share price will no longer support the dividend, at it risks being cut. I just hope that this worst case scenario doesn't happen in the future.

I see Aviva is bouncing back well today. The dismal LGEN has no bounce. Not even a 'dead cat or dog bounce'. How much longer do we have to suffer this embarrassing underperformance before the Board wakes up?

The dismal record continues. The dividend diehards have gone quiet now with this high risk company. FTSE down small at 1.2% in the last 5 days trading. LGEN dog down big at 6.7% in the same period. What will happen to this share price when there there is a proper inevitable correction in the FTSE?

FTSE hitting a new high, but LGEN stagnating on ex-dividend day. Oh well, I expect the share price to rise strongly in time for reinvestment of my dividend into my Isa share account. Then to fall back again to languish at around £2.50. That's what happened after the last dividend date when my dividend reinvestment paid £2.57 for the shares. Something is manipulating the market in my cynical opinion!!

I do hope the share price doesn't drop too much more than the dividend tomorrow. That would be a nice change for once. FTSE at an all time high today and as usual LGEN is sadly lagging behind the index, and the other insurers!!! Heho.

Hello Mecanopsis

Many thanks for your reply. As I mentioned I'm not a details person. I simply invest for reasonable capital growth and revenue income from dividends. Unfortunately L&G value has stagnated and continues to underperform the FTSE, which is disappointing.