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Yep added £400 worth earlier, down a bit more since, but them’s the breaks. We now have a company with a strong balance sheet and realistic capital allocation model. The next three years seem to be set to “more stability” (at long last).

Frankly some of the negative comments on here seem to have been scripted by the shorters themselves.

RNS today. Gently encouraging I’d say. A non-core holding but sold at a small premium to NAV in the books. And not at a 66% discount…

None I can see? I just repeatedly top up my £5k holding when it goes down to £4.5k and sell when it’s £5.5k. Takes all the worry out of it TBH ! Will buy shortly.

Poorish results … brilliant !!!

Debt holdings supported weaker equity NAV. Final dividend reduced from 6.39p to 5.64p. Already in the price ??? Hope so but doubt it !! Overall results were solid I’d say, so hopefully not too much market overreaction.

From Proactive, just now.

nsurance and asset-management large cap Legal & General Group PLC (LSE:LGEN) is preparing to publish its full-year results on 6 March, with pension risk transfers (PRTs) top of the attention pile.

Earlier this month, L&G’s PRT Monitor revealed a record-breaking 2023 for the UK PRT market and the second-largest year on record.

Some £50 billion in PRTs was transacted in the UK, with L&G leading on some of the landmark deals, including the British Steel Pension Scheme and Boots Pension Scheme transfers.

As for the all-important dividends, L&G has guided 5% per-year dividend growth until full year 2024.

The group said during the mid-year interim call: “We remain highly confident in our strategy and in our ability to deliver resilient, organic growth, supported by our strong competitive positioning in attractive and growing markets.

“Our confidence in our dividend paying capacity is underpinned by the Group's strong earnings and strong balance sheet, which has Solvency II surplus regulatory capital of £9.2bn over a capital requirement of £7.0bn.

L&G shares are currently down 2.3% year to date, and 5.6% year on year.

I don’t really get either the overreacting market or hysterical schoolgirl wailing on here. The RNS clearly says the £2m will be used to develop Guident and the associated regenerative businesses AND start a new, 5th portfolio business.

Yes the SP has inevitably gone down towards the raise price, but that is just how these companies work. I only have £1k invested here having sold most of my holding at a big loss. It’s a share to trade. To buy today on the dip. And then sell in a few months when SALT announces its latest retail or manufacturing partner, or whatever the next RNS is.

If this is so distressing, you clearly have too much invested / gambled here!

Yes of course. It’s a double vote winner (in their minds, if not in reality). Plebs given cheap shares and money raised used to fund some massively badly targeted tax cuts instead of supporting our crippled public services.

£4bn profits above most expectations, well above some. Final dividend 11.5p also very welcome plus tons more BBs in 2024. And breathe!

Yay I’m a happier bunny now. Tbh I’ve trimmed my (profitable!!) holding to £15k and will rebalance it to this level as required. All very grown up.

Excuse my thickness but why is the SP showing as flat when the IPO price was 43p? Or hanged I got that wrong?! Fingers crossed that TEK can actually IPO something successfully for once 👍🙉🤔😊

BELL

52w high … 50p

52w low … 16p

Naturally we sell most of our shares at 16p, to fund the next IPO that will list, and then immediately drop off a “Cliff”. This is actually our investment model, they should just be more honest about it.

Yes their brief response mirrors what the majority of us are thinking. I’m sure they would have loved to go into more detail, but a quick rebuttal was required and they obviously have better things to be doing.

Confirms that results out by 31st as well.

I have no idea why LSE asterisked out

Share

Prophets

in my last post !

*************’ opinions aren’t worth reading, they are right down there with motleyfool and all those ai generated bull merchants like wallstreet. they are also quite vindictive in their writing style and have laughably low journalistic and research standards. i made the mistake of subscribing very briefly but it doesn’t take long to tire of the utter bilge they write.

Assume you’ve remembered to convert the new cash from $ to £ on ii ? I always forget to do that !!

Maybe, just maybe something really positive will happen in 2024. Even just a big recovery in one of the share prices of BELL or LUCY would give TEK some options of selling a few shares at realistic prices. That would give them more wiggle room. Unfortunately every IPO so far has been routinely followed by a plunging SP, making the decision to retain big holdings financially disastrous.

Maybe Microsalt will actually IPO successfully and NOT drop by 90 sodding per cent. Merry Christmas.

The acquisition is via our own shares … I’ll have to read it all properly to work out what the fundraise is for!

NAV down from 780 to 735p … but decline is slowing. No idea how the SP will react !

I’m continuing to hold. Like you I’m really disappointed that this discount hasn’t narrowed and for me still sits in the red I’m my SIPP! Patience is required.