Member Info for my2penneth

I did have skin in this game. Fortunately the loss was restricted £6k. PFC was one of my first forays into share ownership and you might see some of my posts if you were to page back far enough. I bought just before the SFO investigation was announced. It could have been a worse loss as I was invested to just over £22k but fortunately started to sell some shares down (It's a pity I didn't sell up entirely.)

Where did I go wrong?

1. First attracted by the yield on offer (at the time [2017]) without looking at the fundamentals of the business (which have always been poor).

------ fundamentals of the business (margins being the problem here...this was before the cost overruns were made visible)

2. Unlucky with the SFO announcement - things went South after that.

-------- So it was a case of investing first in something I knew bug ger all about! (That's the real cause) and bad luck.

Putting it Right

1. It was one of my first investments so the sum invested was small (having bailed to some extent)- that's the only blessing

2. I started to listen to other more experienced investors on The Lemon Fool

3. I educated myself (I actually pay for ShareScope - not cheap but hopefully it will stop any more stupid Punts)

4. I bought Investment Trusts (getting lucky by buying during Covid).

5. I kept on investing - Some individual success and some that are not so good.

I find that the more effort I put in - the "luckier" I get.

PFC shareholders have made a Capital Loss. It can be used against Capital Gains (eg sale of other shares on which a profit has been made / sale of property -). You cannot use it against Income from employment to try to reduce your overall tax bill. Whether Reeves restricts this in the next budget - have to wait and see.

Why would they cut the dividend ? Divi cover is 1.6

ShareScope's view based on 22 broker analysts is £23.47 per share. I trust ShareScope more than an AI bot!

Https://www.investegate.co.uk/announcement/rns/assura--agr/update-following-discussions-with-assura-plc-board/9036981

Bidco indulging in playground tactics. You want THEM to take over?

Https://www.investegate.co.uk/announcement/rns/assura--agr/update-following-discussions-with-assura-plc-board/9036981

Bidco say that AGR is not worth as much as it was....they appear to be trying desperate measures to get PHP's offer rejected. Their tactics are worthy of the playground.

Buying for the dividend that is XD tomorrow?

Look at the shipping data from China to US...it is grinding to a halt. The US is 4imprint-group's biggest market and the shutters are down. It doesn't augur well for the foreseeable.

Short selling banned?

Not in the UK! You can see the shorting levels at short tracker https://shorttracker.co.uk/

Long term ...think of what might happen to sterling versus US dollar. Might e wise to have investment in a US stock.

No (Uncrossing trade). Just ignore it!

Why the deuce are Aviva management willing to pay 50% premium on the closing shareprice for DLG? I draw a Blanc!

DLG have shed thousands of policies because they were not competitive in this cut throat market. I don't see Aviva getting £3bn benefit from this .

Are you sure you are not looking at the Uncrossing Trade value?

Data from Sharepad as of 31/5/24 so does not reflect todays "shot" show

Turnover

Other 250.5m 38.2%

Nigeria 227.9m 34.7%

UK 177.9m 27.1%

Profit £ %

Africa 48.3m -

Asia Pacific 29.6m -

Europe & the Americas 0.4m -

Central -18.6m

My advice would be to stop trading in individual shares . Simple as that.

It's a glitch, this happens frequently with Google.

So....what the market is saying is that the outlook is worse than when the World more or less closed during Covid and bars and restaurants all over the World were shuttered?

I'd concur with IDoMyBest. What is there to support a share price bounceback? There is the (long rumoured) possible take over VERSUS ...generally a bad out look and a downward pressure.

£6.2m is a rounding error for HSBC.

The new CEO has a tough act to follow - Sir Nigel was respected in terms of the job done at LGEN. The new broom is tilting on the wheel and this might have unnerved "the market2. The share buyback is minimal and will have negligible effect but there is more to come. I think the new strategy will be ok - the dividend is already "high" and we should expect more share buybacks. The sp should follow upwards (he says....). The market was probably expecting "more jam" today in the form of maintaining the dividend growth rate and so would be nervous of the new guy and his ability to deliver on the growth strategy.

Reinstate the dividend....seriously?

It is NOT going to happen.