The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
"but this a share I just leave alone."
Totally agree. Had this one years, massively up and never traded it, just added and always wished I'd bought more, but guess I'll have to make do with £7,500 in divis in September.
Reminds me of how I got into shares seriously after I noticed that EMG had fallen to, or below, 80p the risen to 90p and then fallen etc about 4 times in a row, and I thought of the money I could have made buying £100k or so on each low then selling on the high. I then did exactly this a few times before it traded out of the range. Prefer to pick good shares (aka LGEN) and hold these days as it's less work and it's not so easy these days to spend what you've made!
"If you've had the sense to be vaccinated then chances are you'll be fine."
I personally (as in not read about them in the papers) know two previously healthy young men who had severe reactions 3 weeks after receiving the vaccine. The first, a 39 year old, died immediately of a heart attack, and the second had a heart attack followed by a stroke. He had a heart transplant about 10 days ago and is now able to sit out of bed, but he will have to learn to talk again. Ironically, he was a biologist and very much in favour of the vaccine. In both cases the medics say it was pure coincidence, so neither are part of the official statistics despite the extremely worrying circumstances (the second young man was talking on the phone - so not exercising - when he had the heart attack). Don't know what vaccine the first one received, but the second one had Moderna. Make of that what you will.
"I sometimes wonder if I’d be better off buying investment trusts or funds"
I have been getting more into funds lately, but my share portfolio is still ahead of my funds. Long term I don't expect much difference, but you can put your feet up a bit more with funds.
"Please can you explain .. likely dividend impact of 2%.. thankyou."
The next dividend will be declared on 4th August and is very likely to be of the order of 4.93p, possibly slightly more, if their dividend follows the previous pattern. Now 4.93 (dividend)/262.8 (current SP) is about 1.88%.
"I still see the sp goes lower than 260p"
Don't see this going much lower, as it's already quite low already and a lot are in this for the dividend, the next of which will go Ex-divi in just under 7 weeks times albeit with a likely dividend impact of just under 2%.
"Will they recover back to over 7 quid."
Yes, very likely in the next two weeks and will be looking to pass £8 by year's end. It's a very solid dividend share and I don't see that changing. My average is 681p but that actually makes me well up taking into account all the dividends I've received over the years. Can't go wrong with these. Solid shares always bounce.
The bid is definitely on the low side. We'll see what happens ...