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The comments here explain all and are well said. The news today - finally we get the truth we have long suspected - should be the final nail in the coffin of these miscreants. A management slearout and focus on service and truthful reporting can only come from a new BoD and senior executives.
The comments here explain all and are well said. The news today - finally we get the truth we have long suspected - should be the final nail in the coffin of these miscreants. A management slearout and focus on service and truthful reporting can only come from a new BoD and senior executives.
Ref "Complaint" - most justified! I fully support!! - long story here follows to offer my explanaton on today's price fall and why I bought in hoping for some profit before the ex date 27 Apr.
2022 saw record operating profits of GBP2.3 billion and a return on equity of 20.7% and LnG's highest Solvency II coverage ratio. It is a stock offering over 7% yield, that is trading in the 250s but worth in the 300s. What is the explanation for this?
Please correct / update me, but far as I can see:
- Debt and new insights that expect central banks to have push up rates further - LGEN's short term assets (£102.3B) do not cover its long term liabilities (£413.4B)
- AUM reduced by GBP225 billion to GBP1,196 billion - due not to a lack of appeal but due to 2022's falling asset values
- An actuarial update to the base mortality assumptions
- A rise in interest rates which increases revenue from cash balances
-> A 19% decline in operating profits as a result of these ups and downs
- Its revenue is 70% focused on UK in an evolving world economy that discounts value in Brexit
- Its earnings are of low quality, as desribed above.
Given the price after today's collapse takes it to lows of Sep '22 and Oct '20, and accepting the criticisms above, I bought 8,000 at prices 252 - 252.9. Price as I write is 253.3. Ex-div date is 27 Apr for 13.93p a share. Am hugely overweight now, but I've noticed that price rises towards ex date by more than the divi - might be wrong - so will sell next month.
Taking all the above into account, plus seeing that price action has taken it to
And should go. I sold at down 2% on those results for a small profit. Huge dissapointment. What I like most about ITV is the AdVentures Invest division. That is the kind of idea-into-action that Britain does best.
As for the rest? You can't sell the Studios without castrating the company.
Just have to admit that it is always going to be a straggler until in better times itr gets eaten up. But I can't wait for that now.
So dissappointed.
Not sure Peter H appreciates the possibilities with AI, but then again not sure the CEO appreicates the difficulties of building your own AI.
But I would say that a PE of around 20 is OK and a yield of 4 to 5%.
So in the 870s would be ok for a share price right now.
I bought 2,000, fingers crossed eh.
I can't show a link, but they've cancelled twice - take a look
It is not possible at the moment for America to "drop a nuke on Russia" because Russia would drop one right back. So no...however...
We know how long it takes for a Russian nuke to lift off, fly and land on Washington. What the Americans are working on is a way to incapacitate all Russia's 6,000-odd missiles (of which it's sure half and more are dummies), before launching its own. And a technology to track the hypersonics which fly so fast and on random-number-generated flight trajectorie that they cannot currently be detected, and blast them out.
This is why America cancels arms-limitations talks.
My speculation purely...
Can I make a comment? The one thing that marks out newbie or failing traders is that their emotions interfere with their brain-power.
It is just another way of saying, "can we have a bit more decorum and analysis please, and less of the back-biting?". there's no point, readers of a cooler disposition will think this is a school playground!
He never does - have you ever seen Lavrov laugh? But he's not dying either. And the share price move that seems linked to specualtion on his health, most likely isn't at all.
Just as the Americans pulled out of their previous wars, so it seems to me they are pulling out of this one. Talks are underway. That's a more likely explanation ... what say you?
The lurch up then down are for completely different reasons. As I don't really believe in coincidences, I would add that although completely different, they are not unrelated - someone got wind of the Amazon announcement and timed that in after the good news, just the time to sell.
It's called insider trading.
Not true anymore that a euro is a euro. There are two euros, distinguished by their interest rates. Italy is in trouble. EU proclaims solidarity and support but cannot rise to the challenge of Italian banks. Whither the euro.
Earnings are forecast to decline 5% (average of analysts exectations).
I can see that inflation will leave less money in people's pockets, they'll be looking to cut expenses, even mandatory like car insurance.
The SP left its long-term trajectory at start of covid as less going-out would mean fewer accidents and higher profits. Now the SP is back on the long-term uplift.
I'd have thought that higher fuel costs would discourage travel and lift margins? Why are earnings expected to decline?
SNR has said it intends to resume dividend payments this year.
Thing to understand is that the share price is fairly stable, the market taking its usual lookahead of 6 months to a year.
The value lies the other side, so I bought at a very depressed price and subsequent purchases have brought me to an average price that is about where the market is today, as it happens.
So I dont see how I can go wrong, the divi keeps me happy, I expect to double my money over the next 2 to 5 years ... and hopefully we'll all be here at that time (reference to war).
My patient strategy is in fact in line with the company's recent statement on 20 April 22 that "the Board anticipates good progress in 2022 as the company continues the multi-year recovery".
I am hanging on, not selling. This company has resisted the war-blown onslaught, proving its worth as a defensive stock, and I like to imagine the bounce back. I'm happy to stay because of the long history of consistently gathering customers and winning awards, and this continues according to the latest reports.
I guess you understand their stange financing? TEP has a very unique approach that no one has so far seriously tried to replicate (which may or may not be a good sign). Its earnings are heavily impacted by a non-cash amortisation charge of ~£14m per year. This is the depreciation of a ~£300m licence with Npower to supply to TP's customers at attractive rates.
So in cash terms the dividend is covered, although even then the company still has a high payout ratio as it doesn't need to retain a lot of capital to grow.
At some point the licence will need renewing (it's a 20 yr licence that will run out ~2034), but this will probably be paid with debt and new equity, same as for the last one.
I estimate that TP can sustainably grow the dividend by around 4-5% and over time, and if earnings grow faster than I've figured, then cash flows will continue to cover the dividend.
Hope this helps.