Member Info for MrMath

"I am content to ride the writhings of the market and be fully invested (am currently 0.8% in cash)"

I prefer slightly more stability, which is why I'm currently about 23% in cash. It's a lot but my wife and I are both retired and about 5 and 8 years from any state pension and I like have the option to buy when a good share, such as RIO, dips. I had promised myself that if it was down again this morning I would top up. But it's up at the moment!

"I shall continue to add to ASML, RIO and many other holdings as finances permit."

I'll be adding too. This is still one of my biggest earners, having been in it for some years. I have never sold any of my RIO shares and have only added over time. So when a good long term share like RIO dips, I get very very interested. Switched to an investment based strategy several years ago (after the Sirius Minerals debacle) and have never looked back. Much more profitable and easier to sleep at night.

Imo this would be around the 3850 mark right now, had we not had the pandemic. Things look very good long term so I am happy to have this as my second largest holding.

No surprise they are doing well, but the SP still has a long way to go to catch up to where it should be.

The dividend was 404.1p per share. Maybe you bought some of your holding on or after the ex-dividend date of 12th August?

I am considering buying some more. This price is looking too good to miss.

"sites like this try to derive the buy/ sell info from whether the trade price is above or below the average of the the offer/ bid prices. IMO this is meaningless"

Exactly. This 'buy' or 'sell' information is really mis-information. Possibly there exist some obscure reasons why some people might find this useful, but it really just mis-leads a lot of others.

"I can't make my mind up whether to throw some more at it or just grin and bear it"

When this happens I always end up wishing I had thrown some more at it.

"Some will not sell as they bought them for long term."

That's me. It's a good few years since I've sold a share within a month of buying.
Doing much better these days just buying and holding and collecting the dividends.

https://www.thisismoney.co.uk/money/markets/article-9899029/GSK-hails-trial-second-generation-Covid-vaccine-inoculate-against-variants-virus.html

"I personally am sitting on a 36% capital loss ..."

Know the feeling. Sitting on a capital loss of about 47% with both BP and RDSB, that's about £80k down in total, although 'only' £60k if dividends are taken into account. However, I'm only down on three shares (the other is ULVR) and so will sit on these, probably for many years, and see what happens.

"ULVR you owe me"

Agree with that. I'm down on only three of my 15 stocks and ULVR is one of the three, the others not surprisingly being BP and RDSB. Although when dividends are taken into account, I'm more or less equal - about the same as a 0.01% bank account. Not selling though as I reckon it's going to move again soon - after a five year hiatus.

"This has been showing -7-8% today here, but my HL account shows only -0.5-0.7% down"

The explanation is that they subtract 404p (dividend was 404.1p) from yesterday's close to give 5697 and use that as their starting point, so we can see the share price movement independently from the dividend's impact. Not all platforms do this, but I like the idea as it lets one know immediately of any over-reaction, or other news that may affect the price, and I can top up.

Usually drops by an amount equivalent to the dividend (404.1p) but this is by no means certain. Anyway, it always recovers so I've never bothered trading it. Much better to let it be. I'm up about 100%. Definitely one of the better shares.

"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.

Going ex-divi on the 12th. Dividend impact about 1.87% (the 5.18p divi divided by current price). So maybe another slight up-tick tomorrow.

When you're having trouble deciding what to give the wife, "Aha, £300k's worth of LGEN shares, that should sort it!" Will get you into her good books, especially with the capital growth that we'll see over the next year.

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!

"£4 sometime in 2022 absent a market meltdown!"

Totally agree, and this is why LGEN is my largest holding - as well as the great dividends of course!

Good set of results. Very pleased that LGEN is my largest holding.