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At times such as these and for obvious reasons I would have liked to see some or even just one of the BATS directors buying some shares. As yet nothing & indeed no buys at all since a solitary deal in August. Plenty of "award based freebies" though so I expect that's enough to keep the lads & lasses at the top feeding at the trough.
My average is £2.14 here & sells are very tempting now I'm in a little bit of profit.
Like many other posters who hold shares I seem to mostly get selling & buying wrong, sell & it goes up, buy & down etc.
So, I now have a new foolproof way of deciding, it's called heads or tales & here goes ....
Heads ... So I'm keeping (now watch it drop like a stone, ha!)
My average with PSN is £11.21, people are saying that it is likely to drop tomorrow when the latest Halifax housing data is made known. My Q? is shall I sell today & buy back in after the "**** has hit the fan".
This share is boring I find & I've only got a little over 5K here so it's only playing to relieve the boredom.
For all the mortgage holding Brexit voters who like lemmings followed liar Johnson & look at me Farage. Quote “The UK is materially further from the inflation target than either the US [where inflation is 3.2 per cent] or the Euro area [where inflation is 2.9 per cent].” Just don’t carry on whingeing how much your new mortgage is.
Yes there are plenty of angry posts here DannyBoy, mostly penned by you. You do seem to be rather moody & have a knack of upsetting lots of people. Even recently having a little pop at Robleo, the most reasonable poster that ever existed. I really think you should stop investing it can’t be doing you any good, it certainly isn’t making you any richer because you keep losing money. Leave it to the adults mate.
XxxAcc ... I'm unsure why you think VOD's Italian arm is currently worth £10 to £12 bn, the latest valuation (Barclays) is €9.3 billion (£8.1 bn).
Back in April VOD's "excellent" NOT management rejected a £9.5 bn bid, probably another duff management decision.
What VOD needs is a more ambitious people running the company.
The following is a good insight into VOD from respected commentators ... "The latest results are a checklist of everything bad about this company, said Russ Mould, head of investment at AJ Bell. It has swung to a loss-making position, revenue is down, the dividend is not growing and there is negative free cash flow.
Net debt increased to €36.2 billion from €33.4 billion at the end of March, primarily driven by the free cash outflow of €2.0 billion and €1.2 billion doled out in dividends.
We’ve got the usual rhetoric from the chief executive that the turnaround story is making progress but at the end of the day it’s yet another set of results that remind us how Vodafone has lost its way big time, said Mould. Work is underway to restructure the group but don’t hold your breath for rapid change.
Albie Amankona, telecoms analyst at Third Bridge, noted that net customer additions remained "subdued" but the second quarter rebounded from losses in the first. These losses indicate that further operational cost management is necessary, Amankona added.
Having completed 30% of their targeted savings program by FY26 and having implemented the easiest opex reduction methods first, it could imply that the opex management program lacks ambition. This echoes the skepticism of our experts, who doubt whether the planned opex reduction program will yield the required results.
Anyone buying or adding here needs to go lie down in a dark room, yes folks there are other companies much better positioned to invest in.
Fellow holders, my apologies for this explanation for those already aware, I post this for those new shareholders & hope that it allays any fears around this latest deal.
What we are talking about here with Boots is a Pension risk transfer. It sees Legal & General take on responsibility for paying the pensions from a company's final salary pension scheme (often called bulk annuities). In return, the group receives a lump sum. That's then managed by Legal & General Investment Management (LGIM) and underpinned with real assets developed by the Capital division (which includes UK housing and infrastructure projects). This circular flow within the business means L&G can deliver strong margins on its bulk annuity business and is a core benefit to the model.
During the last reporting period L&G took on five billion pounds worth of other PRT’s & I think only about 15% of possible UK companies pensions are now in these schemes, so there is more potential out there. What with dividends growing at 5% plus per year & these being well covered I am happy to hold here.
Yes of course DD would have been done, to the enth degree. When the US market opens I expect the SP here will increase. They love size over there & LGen are becoming very large indeed. They were closed yesterday over there for their Thanksgiving as well. Takeover target ?
Hardup et al - At the moment you can put money into one of each kind of ISA. You can save up to £20,000 in one type of account or split the allowance across some or all of the other types.
So you could if you so wish pay £10K into your cash ISA & £10K into your S&S ISA during the same financial year.
There are different limits for LISA's, the limit there is £4K.
I agree, if buybacks worked with the amount of money LLOY has spent buying its own shares back then the SP would be much higher, it isn't ... FACT.
Give investors the cash spent on buybacks as dividends & the market will like it & the SP will rise.
Or, spend the money on growing the business, thereby bringing in more profits & the SP will rise.
Having been in LLOY for many years now I am confident in saying that investors should simply treat it as a "utility share" & bank the dividends.
It will not make you money with a rising SP unless you are extremely lucky with your timing. For those of us almost at state pension age it is a good share for dividends to supplement income, that is all.
I have read countless posts here & elsewhere written by people who thought that one thing or another would drive this to £1 & beyond i.e. once the mis-selling scandal was over, once the Gov had their money back, Libor scandals etc etc. All have proved to be wrong & as for share buybacks well let's have some evidence that they actually work.
LLOY is a good UK based business which will continue to make money, will continue to pay 5% or 6% dividends & one which I am happy to have as part of my portfolio for the reasons given. If I was younger & wanted to make money with a rising SP then there are better companies out there by far.
Quickdip earlier today ... "Housebuilder stocks will go crazy today. I reckon we’ll see over £14 for PSN today".
To coin one of your own recent posts I think that you are now plucking figures out of thin air.
Of course you could be right & we'd all like that to be so but I wouldn't bet on it today mate.
PSN's SP is up over 5% today as I type & with there being a large reduction in UK inflation being tipped for the next announcement I for one won't be selling any time soon (not adding either though, ha!)
There is optimism that there will be stamp duty and inheritance tax cuts in the Autumn Statement next week.
Apparently Mr Hunt has told he has more fiscal 'headroom'
Reasons to be cheerful eh, particularly with the stamp duty aspect.
MD - Probably because simply posting random figures without any reasoning is just a waste of time & it makes the author look a little bit silly & a uneducated.
“I think LGEN will be somewhere between £1 & £10 on New Years Day 2024, but I don’t know why”. There I’ve joined you.