Member Info for Gerry557

Are things levelling off a bit. LGEN didnt fall to 210 which i thought it might and a few other shares Ive been watching now seem to have steadied after falls.

The 10 year doesn't seem to be continuing its rise so maybe some of the unknowns are becoming known knowns. Budget/Trump.

The SP is on the up. Still there is always next week.

Cap H, thanks for the update. You get the state pension with 35 years NI payments. You dont have to necessarily "work" for them. You can buy years or gain them by looking after children etc. You dont get extra pension if you earn more than someone else. Obviously You wont get years not in this country unless there are other circumstances.

There is no pot is paid out of general tax. Of course rules can and do change so you might not get what you thought was being promised. Such as 65 to 67 ages or 30 to 35 years NI. So it is probably worth looking after yourself.

You still have to have the capital for that, often from employment, so you can do both. Have a state pension and shares that also provide the equivalent amount.

Are you looking to return at some future point when you retire then?

Reading around for a nice comfortable retirement you need £50k or £30k for a reasonable level. A good job you have other shares and hopefully some time before you need them. I just hope they dont do a BP just as you need them.

Capt H

Sorry if Im confused but a bit late seeing your posts. I not sure why you are trying to equal the UK state pension. Maybe its just one reference you have decided to use the same if you picked the equivalent of stacking shelves in Tesco.

You say your not UK based so Im unsure how tax affects your LGEN holdings if not in an ISA. I assume you dont get a personal tax allowance just the divi allowance.

Im sure there are other shares worth buying but maybe I have missed a bit of your strategy or circumstance. Anyway good luck getting to your target.

What is the plan then.

“Thoughts on what this will do?”

It will cause a lot of heart ache for some. Especially if your IHT planning involved your pension and there is little time to correct for some of it. It can be much worse if your estate is much larger and living in Scotland as you lose some allowances and pay higher taxes. Potentially leaving only 22% of the pot. Thats some hit.

I suspect it will be worse for those without kids and /or living in the south east where a house will use the allowance.

If only it was your money and not loaned to you by the state for a while. Whilst many will think they wont be affected, fiscal drag and inflation will grap many more than they expected.

I remember when high rate tax es and IHT were for the real "rich" not middle England

ht

Well I have added more whilst the SP is having a bit of a dip. Probably underwater tomorrow but Im looking further forward to the summer and the dividends making things now worthwhile.

As for buybacks, I can understand the benefits if done right although often I prefer a cash return so I can decide when to "buy back" myself. They might be good a running a company but are often poor investment managers.

I suspect there will be more buybacks as rising dividend taxes make it more worthwhile for some. So stick these in an ISA where you can.

Yes modest personel employed but some is also outsourced so will increase costs over time.

It was the dip in SP, the bigger discount and the hope things won't get as bad as feared. I need to check how the windfall taxes might affect this. I suspect the interest rates and bond yields will also play a part.

Still a divi next month should give us a bit more cash to play with. The end of the year is normally followed by a dip in SPs so I might sit on that cash awaiting the market drop.

The 10 Year seems to have steadied for now and the BoE might cut rates so decided to add a few more.

Massive yield, large discount

Just need the election across the pond to cause a stir

I have added a few more of these this afternoon. The treasury 10 year yield hasn't pushed on further which would have added downward pressure. So I suspect it will be down to the BoE to cut rates which might give this a bit of support.

They are buying back their own shares, Yield over 7.5% and ex divi in a couple of weeks

Of course things could get worse and the bond yields might rise and the BoE doesnt cut, not to mention another election across the pond. So there is lots to worry about.

Cheapsharesboy, there will be increases in manpower costs due to Nat Ins changes but if profit is reduced then a tad less corporation tax. There was also talk of windfall tax but I dont know if that has changed

Ive just been looking at why FSFL had taken another dip from 12:00 hrs

It looks like the 10 year bond rates rising at 12:00 hrs might be a link to the dip in share price. Unless its a coincidence.

The Share price is dipping again. Is this a reaction to the budget?

The drop appears to be from lunchtime but previously they discussed bond yields rising and not maximising government borrowing.

Had a quick skeg at the 10 year, that might be the cause.

https://markets.ft.com/data/bonds/tearsheet/summary?s=UK10YG

Well having paid corporation tax, which they could easily increase, I cant see an easy way to tax buybacks. Of course some sort of windfall or extra banking tax would also be easy to implement.

You just have to remember the law of unintended consequences

Didnt see the article due to restrictions but I dont think storms are great for wind turbines. Often they feather them to try and prevent damage thus not producing electric or turn them off.

Constant wind is better than big gusts.

I note that the NAV is constantly falling over the last year but saved by the growing divi

Hadn't noticed the SP rise and touching £50. Not that I would have done something different.

Nice to see a bump in the divi, up 3% on the second Qtr apparently.

Just updated my spreadsheet with the figures but I have a dilemma. In UK£ the amount is down but in ULVRs base euro its up. I colour code dividends differently for risers to highlight risers from fallers.

Do I mark this as a rise? I think I do

So up to a quid again. Will it say there this time.

Budget next week so probably going to sit on my hands and do nothing till then anyway.

Probably true but reacting to the short term doesn't help in the longer term. Inflation is likely to rise probably even faster if decisions dont go well and they are likely to be wrong as much as right.

A cut should aid these as you have said but there always seems to be something else to drag them back. Hopefully the fundamentals with bring this back round but even reinvesting dividends should prove good.

We just need a windfall tax now.

Well after earlier comments I put in a limit order. When I got home it was almost touching so I just bought. I should have waited until the end of the day but I did bag another tranche. Will have to wait until the end of the year for payday though.

I suppose the negatives being interest rates, Labour government and GB energy. Its not really clear where things are going or how the next announcement might affect sentiment or the bottom line.

Apart from that there are some positives, 20% discount, share buyback, decent yield and growing.

I suspect there is currently a holding period until the budget so see what happens. Probably windfall taxes, CGT rises and Nat Ins increases on businesses.

Which all might push this lower

Access to the presentation is well hidden again. I suppose they don't want to answer a few simple questions. After all you took our money its only fair that we get to know what you are doing with it in a bit more context and colour.

They didn't goof the link. It was not give out on purpose. So much for investors.

Apparently you have to request to be put "on the list" according to the head of investor relations. I'm disappointed in their position but I am now on the list.

They way I remember it was the dividend will rise by 2% per annum until 2027 compared to 2024 levels