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Dog of a share gsk, sold 10k this morning after watching this lose 1k over last year, bought Tullow oil and got my money back. Have always thought GSK and BP to be great value shares but last year is making me think not so. Still holding 5k GSK but if they split and we get 55p div is that really good value against what we have been getting??
Yes, I see all the silly predictions, but still cannot get my head round why a company like this has sunk from 50 to this. Almost 4% drop. Good results, paying a small divi. Just doesn’t make sense. Still recovered a big loss on my Tullow today which was also following the near 4% drop. Lloyds just got worst. Tomorrow’s another day lol
I notice that the share price is steady after dropping this morning, many people are still buying which to me doesn’t make sense. Some are saying it will drift slowly down and if they purchase today will not be able to participate in the rights issue, so why are they buying. I have only 704 shares down about 4K so I guess I may as well see it out and get the rights. In for a penny so to speak.
I have been with GSK for some time and now hold 1130 shares. Can anyone enlighten me if the split is a good thing or a bad thing. I understand that divi is going to be reduced but I’m looking forward to year 23/24/25. Do you thing the divi and so will increase.