Member Info for MrMath

Anyone else's watchlists on Hargreaves Lansdown disappeared? All mine have mysteriously vanished!

Anyone else's watchlists on Hargreaves Lansdown disappeared? All mine have mysteriously vanished!

"a forward yield of nearly 11% which sounds insane."

Totally agree. My LGEN shares are generating in dividends almost twice the full state pension! Don't see how this insanely low SP can be maintained taking into account the current inflation rate and the yield.

Sorry, should be 3.25% in a SIPP - not so good at the touch typing!

Finally brokers have started paying interest on cash balances. Here are the rates with Hargreaves Lansdown:

https://www.hl.co.uk/charges-and-interest-rates

Fidelity pay 2.75% unless it's a SIPP, in which case it's 3.75%.

Those are the two brokers that I use.

"I now have one stock in profit (Haleon) out of over a dozen"

Ignoring dividends, only six of my 15 stocks are in profit. Fortunately, 3 of those are among my top 5 largest holdings. However, it would be nice to see the back of this unpleasant downturn.

"Is the tax on the dividends the same as on shares?"

No, you need to be aware that 20% withholding tax is imposed on any distributions made to investors (subject to exceptions).

Bought some REITs in 2018 and they are down about 25% even when taking dividends into account, capital is down over 40%. They were a little experiment, but thankfully less than 1% of my portfolio, and, unlike LGEN, I'm not tempted to add!

"I've got a purchase order at 221p, I'm torn over whether I want it to go through though, I'm already overweight here"

Know the feeling. This has become such a bargain that it's only a question of whether you make a bit more, or a bit less. Whatever your purchase price at these levels, you're very very likely to make money.

Wish LGEN wasn't already my largest holding, otherwise I'd be adding too. And I may yet add anyway ...

"I’m taking some dosh to spend"

Good man, a lot of people forget to do that as they are too focused on growth, but then life happens and it's too late to enjoy all that wealth you so carefully accumulated.

Hi Zac, yes your calcs are spot on, my break even price is 255p. As for the number of investments, I have 17 at the moment and I find that more than enough to try and keep an eye on! In fact, that's one of my reasons for being in LGEN as imo it's a very solid investment and doesn't need as much watching as others.

Hi Zac, your calculations are about right, but LGEN is not my only investment and a return of just over 4% in the last few years is OK with me as it only occupies about 9th position on my list of leading investments, although it is the largest! Would be nice if some of those further up the list were larger, but hey ho that's life. Nevertheless, I fully expect my average return with LGEN to greatly increase when market sentiment moves in its favour, as it will at some point. Definitely a share that I would not want to be out of.

Over the last three years, or so, my capital is down 15k but when the dividends received are added back then overall I'm up £24k. That's a sufficient return for me to keeping holding. I fully expect to get that loss of capital back too!

Don't think it's anything more than market sentiment. We can't always expect the market to behave logically. At some point this will have to move to a more reasonable price (north of £3), it may take six months, a year or start to happen next week. The market cannot ignore the value here forever. In the mean time, happy to hold and take the excellent dividends.

"There would need an 8 in front of it."

Don't wait till it gets to 80,000!

Incredible overreaction and a great time to get on board. Just look at the 10 year graph: a steady upward trajectory. The longer you hold the more you're in profit. My holding is still up over 60% even with the recent falls. If you only buy one share, this is the one to buy.

Zac0_4 - Five shares down and ten are the absolute values, not just for this year, although the oldest only goes back to 2018. Started with LGEN in 2019 at 266p, but thankfully left it a few years before really stocking up with my next purchases of which there are more than 10 and no sales!

This financial year I am down overall, but only by about 2%, so nothing to worry about really. Resisting topping up on AAL too as trying to strike a better balance between reinvesting dividends and spending them.

Of the 15 different shares in my portfolio, 5 are down and 10 are up, if we include the dividends received. Unfortunately, with a 4.5% return LGEN is only in 9th place among those that are up. Trying to sit on my hands at the moment and resist buying more as I am well aware that there is little point in making money if you never spend it! The drop in the market over the last two months has been well and truly overdone so that buying urge is getting harder and harder to resist.

"People who post nonsense like this being 280+ by the end of the year should be the one's you a go at."

No way it will still be under 280 by the end of the year. Comments like that can talk people out of making a decent investment.

"it's very common for the sp to drop much more than the divis worth"

I have noticed this too, but maybe it's only an illusion as we tend to focus more on the times it does and forget about the times it doesn't. The closing price is not much lower than one might expect given the slight drop in the market today:
(253.10 - 13.93) x ( 1 - 0.0027) = 238.4p. Dividend = 13.93p and drop in market = 0.27%

Not much to worry about and a good time to top up!