Member Info for NervousNelly

I've done the same Fanboy. Just got to stop myself adding again when we get paid. I've mentioned before how heavy i'm in here.

Also bought in here for the first time this morning needing to diversify my portfolio somewhat.

Not a huge stake - spending the dividends I've received on some of my insurers in recent weeks.

Does this cover it DK?

I believe the dividend is unsustainable as I have no understanding of LGEN, contracts for insurance or IFRS 17. So I'll blindly keep spouting my crap in the hope of influencing the equally clueless.

Trotsky - ISA would be best, but adding 2x £20K annually is a slow process.

I still work, so adding bits all the time, coupled with occasional property sales means I'll never have everything in a tax wrapper. But we do the best we can.

BTW. my average is more like £2.50 - weighed down by a large purchase in Jan 2022 - just before UKR - Russia war. Amazing just how many people seem to have bought all their shares at the lowest point since covid.

Pete 97.

Yor maths is terrible. 35 years dividends. LOL.

100% profit less CGT = 76% profit.

= £15,200 on £20K. £4,800 to go on CGT :(

If you have an average of £2 then your personal yield could be described as being 11%.

= less than 7 years - even assuming no increases to dividend payments.

So many short term profit hunters.

Give me my compounded 8% in perpetuity any day.

I get it for those that are buying now in the hope of a payday & hoping to rinse & repeat. But it's no good for long term holders.

Montecristo - Yes i could. IF we got £4 for LGEN & I invested the lot in SDLF i'd be about 10% better off dividend wise.

However, close to 10% of my current portfolio is currently SDLF, which would make 70%. Same goes for MNG. - but increase would be closer to 5%.

I'm not exactly comfortable with 60% in LGEN. Would not be happy with anything close to that in SDLF or MNG. Happier with Aviva, but dividend lower again - would be making similar income to what I am now. INVP is my other financial - but not adding serious cash there.

I can see a few more dissenting comments today than there were yesterday. Hopefully this will blow over & we can keep collecting our dividends.

i'm with robleo. hope this never happens.

as i've said several times before - this is by far my largest holding. i've added more since last time i wrote & lgen is now 60% of my portfolio.

i'm here for the dividend only, while the sp is of little interest to me. to maintain my dividend income at even it current level i'd need the take over price to be £4 plus - by the time i've paid cgt (3/4 of my holding is not in a wrapper), then almost inevitably getting a lower dividend from a less reliable company.

even worse - end up with shares in some foreign **** that doesn't pay a dividend.

bad day.

Hector,

And if it hits 300p & you sell what then?

Waiting for the fall-back.

@ 300p still yielding over 7%. Still plenty for me.

Or have you got somewhere else in mind?

Personally could do with another bomb under the FTSE. I missed out on the March lows due to being on holiday. I don't trust hotel wi-fi enough to be typing my log-in details to my trading accounts.

But the cash cost of the dividend is falling every year that the buyback is more than the dividend.

Rather than declare the percentage increase in dividend each year it would be more transpzrent to declare the change in the dividend pot.

Also not a fan of BBs for all the reasons given below,

I disclosed i was at 51% a few weeks ago, and have just added again.

9% is too good to miss.

I just wish they'd stay at this level forever.

Not worth missing out on this dip for the want of a few extra pennies.

Who knows if we'll ever see 240p again?

Taken the opportunity. (finally)

Really these are a keep forever share for me. The dividends will be the largest part of my retirement income.

So, while I'm at 51%, which was never my intention as long i I don't need to sell it reduces the risk somewhat.

Yes, I was happy to by at 270-280p 5 years ago when the dividend was 20% less than it is now, so should be content to keep adding.

I my other financials holdings have shown circa 50% increases since i added them. (MNG almost doubled), so I'm reluctant to add at the levels they stand at now. My yields all stand at over 10% (Dividend/cost price) except LGEN.

I'll just continue to sell enough to use my CGT allowance each year & Mrs Nelly will buy them back in her ISA.

Nice problem to have i guess.......

Of my total portfolio, most is in financials

51% LGEN

13% Av.

8% PHNX

2.2% MNG (i recently ditched my ISA shares)

1.2% Investec.

Guess which one has made 25% in the last 11 weeks?

Yikes Half my portfolio in a single share, and 75% in financials.

That'll be why despite my finger being on the "buy" button i never quite manage to hit it.

Which is strange, as i knew LGEN was good value at these prices 5 years ago, and that certainly hasn't gone away.

BTW recently switched from HL to II due to the changes in fee structure. Process took less than 2 weeks. I get £200 for introducing Mrs Nelly as a customer, she gets free fees for a year. :)

Mrs Nelly and I have both used our pitiful CGT allowances for this year. No way I'm selling anything to line the pockets of our thieving Govt.

Remember the days we had £12300 each? That was worth having.

As long as i have the cash to use the ISA allowances every year I'll not be selling and handing over 24% to the shirkers & work-shy.

One day I'll have to bite the bullet & take the tax hit, but probably wait until after retirement. Same Problem with ULVR, BATS, SSE. That's before i get to my insurers where the bulk of my holdings are.

i'm in the same boat as you tinker. no way am i handing over 24% of my profits to rachael thieves, but everything i own is showing a healthy profit. annoyingly i sold some sse @ £22 to use my 25/26 allowance, and mrs nelly sold vod. last week for the same reason.

but what do you do? at some point i'm going to have to take the hit. not too far off retirement now. too much invested without any tax wrapper. and the ***** is taking an additional 2% from april. and all from profits that have already been taxed.:(

just moving everything into isa's as soon as i can.........

once i am retired i probably won't hit the higher rate brackets - which will save on the dividend tax. that depends on how much thy f### us in the meantime.

sigh.

still - i suppose its a good problem to have

Agree totally with Robelo. I have far too many LGEN, & when you've bought MNG @ £2.00, AV. @ under £4, and PHNX under £5 it's difficult to add at these prices. That said my first PHNX back in 2021 was over £7 and the company is way better now than then.

Just waiting for the Orange one to say something stupid.

Both Mrs Nelly & I have HL ISA's & Trading Accounts. Neither of us hold any funds. 99% UK shares (mostly FTSE100) and a little in fixed interest bonds. Our fees were increasing from £90/ year (for the 2 ISAs) to £600 / year. I've opened Mrs Nelly an account at II and have commenced the transfer process to move all holdings to II. I'm reliably informed that does not constitute a tax event, so not CGT to pay (which would have been a deal breaker).

Now Mrs Nelly recommends me as a customer & receives £200 - which more than pays her 1st year fees, and I'll get free fees for a year. :)

We don't trade much (1/ month at the most), but still save a little with a free trade each month then £4.

Probably not enough to make on-going savings after the 1st year against the old HL charges, but much better than £510 hit.

I feel for their staff.......

Every metric better than the consensus?

Expect a 3% SP fall then.