The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
It's not too bad I left the profit in so I benefit from some of the continued rise.
I'll sit on the cash for a bit before making another trade. I figure with the market being so irrational when the next quarter gdp figures are announced there will be a few more shares that get oversold.
Overall I'm fairy happy as I sold early in the crisis so I missed most of the drop from 40p. This was one of my more volitile shares. Its not quite like when I sold glencore to then watch it tipple in price.
Now that hurt. Ha.
I think i read somewhere that over 50% of cancelled cruise customers with saga rebooked rather than cancelled.
Which is good, but a rebooked cruise is still a missed income so there will be an impact on profit margins. The question is how much.
I have no idea. I thought if it was a big buyer there would have to be an RNS. To announce their holding. It could have been lots of smaller buys that then caused algo trades and shorts to auto buy to save their position.
Pi's will be the last to know. But we'll done those who did not mess up like me. Sold way too early.
Well this is a surprise.
I'd not expected to see 120 for sometime.
Only question is is it sustainable and therefore a hold or a chance to lower my buy in price when it falls back.
A very irrational market at the moment with this going so low a few weeks back.
Agreed, I should have sold again on the small bump yesterday.
But like a boomerang following the sharp drop earlier today this is back to where I bought in at the start of the week.
Iron ore prices down 3% so not entirely surprising given the general market today.
Agreed, I'm no good at the short term.
I had falsely assumed a cut was priced in, however the drop in SP is not as big as the dividend cut so a large portion was priced in.
By Monday I assume this will start to move with the market sentiment. If you use a 7p dividend as your guide then a decent stock would pay a 3-4% yield.
Therefore if you think the management will get this in the right direction then top end I in a few years you could be looking at 200p. If they squander the opportunity and pretty much stand still therefore end up paying out a higher yield or reducing that predicted dividend then you could be looking at pretty much this same sp in a couple of years.
So it depends on your confidence in the management team to turn this ship around now they have some more juice in the tank. If it got worse then you are looking at sub £1.
To me whilst I have overpaid, I expect long term to make a gain from my buy of 122p - 150p. It will not be stellar but 22% over a couple of years would still out perform any bank account by a long way.
Well I am disappointed but only in myself. I had assumed a dividend cut had already been priced into the sp.
Turns out I was wrong, can't blame the company for today's drop it was clear a dividend cut was coming, the fault lays at my own door for judging the market reaction incorrectly.
What will be down to company management is whether they take advantage of this dividend cut or squander the opportunity.
Its not a loss until you sell and I can hold for a long time. But investors need to hold their feet to the fire for 2 years now and demand better than what has been done previously to benefit the owners of the company long term.
8% in 2 days.
Decided to cash out and wait for a retrace. At some point this will rise and rise, if you are holding at that point fantastic but happy to risk missing out on sustainable growth and any dividend at the moment and just play the volatility
You can only spend it though when places to spend are open.
I do wonder if some posters only hold lloyds shares, as they seem very reliant on one dividend.
I am working on the assumption that nothing is guaranteed in stocks, so work on the basis of diversification.
Holding passive tracker funds and active funds along with a few shares for the fun of investing directly.
The funds tend to grow slowly and boringly, but do provide that balance to wild swings in individual shares.
Lloyds is one of the more stable shares but even this can't ride out world events. So yes the dividend was not paid but in the mean time my russian tracker has jumped 10% and EVR is up 8% in the last few days.
Its tricky and everyone has to make their own judgements for their circumstances, but I do think bonds are the way to go as I get older
When closing on retirement, move into fixed income investments, annuities or 100% cash to provide a baseline income.
Anything else would be a roll of the dice.
Well I'm still hold on this share.
Not sure there will be massive rises like last week anytime soon but happy to wait and see.
Last week it appears was pure speculation but the publishing of the results might be taken as Lloyds taking the prudent approach and basically kitchen sinking any bad news from this virus.
Apart from Lloyds I'm hoping in and out of other shares when I can take a small profit to try and recover some ground that I lost in the first few weeks of this virus.
EVR is my latest purchase today, total speculation at the moment but you can only hold so many funds.
Agreed there is no way to know when this will be over.
The bigger unknown for lloyds is what investors have priced into the current sp as that will be different for each individual.
Some may have priced in no dividend for 1, 2, 3 years.
Others a fall in profits or even losses.
If a 50% reduction in the sp for most holders was based on a short term bump and a 20% fall in profits then there will be alot of sellers who will cut losses further when reality hits
If most have priced in losses and no dividend for say 3 years and then find out its not that bad then there will be more people out there willing to pay more than 30p.
Until then its all speculation