Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I know people talk about the merits of diversification but for income investors it's very tempting to take overweight positions in quality companies like this. I have 30% sunk in here but still sleep soundly at night.
A 250p share price will generate an 8.3% yield this year. Perfectly happy with that, although I appreciate that my decent rate of return does not tally with everyone.
Likewise, happy to hold and add should it drop to 220. I'm just about breaking even at this price but the 8.3% yield I will be accruing this year is the main reason I'm invested.
Of course it's vulnerable, it's ridiculously undervalued. The notion that markets are efficient and dispassionate wealth creation mechanisms are nonsense. You have crypto, which has no intrinsic value, booming, and this quality company trading at a laughably low valuation. Rant over.
Been wondering which is the most obvious sign of premature aging....my seriously overweight position here or the fact I need both of my hips replaced. I say premature as I've just turned 51.
Would be a shame to take such a hit to your capital if you can avoid it. Easy to get discouraged but just keep taking the dividends and the share price will recover some day.
Would be a shame to take such a bit to your capital if you can avoid it. Easy to get discouraged but just keep taking the dividends and the share price will recover some day.
Steady as she goes. I just hope the new CEO doesn't get too creative or starts a buyback. Buybacks only benefit sellers, not holders. Just keep increasing the dividend 5% pa and the share price will take care of itself.
Final dividend is 14.63p.
Absolutely, so many excellent buying opportunities for income investors. Btw, who knew LGEN is the 10th largest shareholder in Apple?.
Really ticked off when some numpty comes on these boards and states that the dividend is going to be slashed without giving any evidence to support such a sweeping statement......aside from saying that the PHNX dividend is unsustainable just because it is over 10%. Some novice investor could take such nonsense to heart and avoid investing in a quality company.
Can't really disagree with that observation. I treat this like a high yield bond. The plus is that you get plenty of opportunities to top up when it drops below 220.
US market does look toppy but we can't say that about Aviva. Sure, America could dive 30% and take Aviva with it but I'm here for the long term and the excellent dividend yield.
I reckon most of us are here for the reliable and excellent dividend yield but some modest capital growth is not unrealistic for such a quality company.
Capital gains in these will definitely be a long term project. Still, whilst this excellent company remains at a bombed out price, we can at least reinvest our dividends at cracking prices.
So, even with the uptick in SP, this stock will still be yielding over 8% next year taking into account the customary 5% increase in the dividend. Astonishingly good value for income investors.
I read last month that a fund manager exited their position in LGEN on near-term concerns of their fund management business and exposure to real estate. Still had a significant holding in Aviva though.
Zero interest rates were the main driver for large pension deficits to open up. We are not going back to that world.
Over the last 10 years the highest amount of buy-out\buy-in business was £44bn in 2019. If that value of business was maintained it would take 30 years to undertake the outstanding buy-out\buy-in schemes.
As a LTH, the gyrations of the SP are of little interest or consequence to me. At £1.80 or £2.80 I'm supremely indifferent, the only difference being that I would add to my holding at the former price.