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I've traded this share for a number of years - sometimes getting it right (selling everything 21/2/20 after watching part of Italy go into lockdown) and sometimes very wrong (bought a pile of these in Feb 22 - i never believed Russia would invade Ukraine). In the last year or so though I've just continued to add.
I made the call yesterday that i was holding on - if we don't retrace before Christmas it is unlikely to do so in the new year - take a look at the historical graphs.-(Pandemics, economic meltdown & war aside).
So, maybe you have missed the boat this time, but then who really knows. But it's never wrong to take a profit. 6% in a few weeks ain't too shabby
I've been steadily accumulating through the year adding to my already overweight position. A couple of batches last spring @ £2.50 odd, further piles in the summer in the £2.30's then in the last few months 4 goes under £2.20 including one at £2.08.
I look at the world - are we in a better or worse place than we were last spring? We seem to be at the peak of interest rates, and inflation is falling. Globally - economically the world has probably turned the corner. Just the basket-case countries to worry about.
As far as L&G is concerned - the future looks positive & falling interest rates will only help. Sorry that Sir Nige leaves at Christmas, but the new guy (name forgotten) seems to have his head screwed on.
So for that reason i see no reason why we shouldn't be back to at least £2.60 before the April Divi - That's at least 28p from here. I'm holding, but may well ditch a load before the final divi to use my Capital Allowances. Mrs. Nelly will buy a similar number though.
I'm not so sure that Jope wasn't quietly booted, but allowed to step down to save face, when really he should have been paraded through the streets naked for investors to throw rotten food at.
That said, the real villain of the whole sorry episode was the GUTLESS OAF of a FD - Graeme Pitkethly who's job it was to reign in moronic decisions made by those with little financial knowledge. A spineless yesman promoted way above his very questionable abilities. Fortunately he's going very soon too - but also sadly allowed to leave on his own terms.
Many thanks for that FF.
Although TBH I'm not any clearer on the maths & how it affects future income streams.
I do know though that I'm here for the long term and that this has been my most successful company in the 4 years since i invested.
Am i missing something? I can't believe that the confirmation of a 66% increase in tariffs paid to us only increases the SP by 1.5%.
Does the tariff only apply to future developments or something - I'm struggling to believe an increase of this magnitude was already priced in??
How much doe a MW of gas produced electricity cost to produce?
Solomon - I think you are right about the stock building - I read it in yesterdays report. However as with all new things initial uptake likely to be lower, with peak revenues further down the road as the treatment becomes increasingly well known.
As for the 5% fall in SP - IMO just MM shaking the tree to see what falls. I'm staying put, but not committing any further funds at this point.
No - no increase in dividend. The 56.5p for the year was previously announced.
Excellent Q3 results this morning with all estimates uplifted, and not by small amounts.
Should be enough to see the SP whacked at the open. :)
The motto with this company is - "Any news is bad news"
"Many people didn't use deodorant as much when they were in lockdown and working from home and some recovery in that is coming through," said the group's finance director, per The Guardian.
But the good news is the idiot climbs back into his hole on 31st December, which is a good few months earlier than I thought :). Looking forward to the new regime.
Lets give the new CEO a chance. Making the right noises at least. He can't be any worse than Jope the Dope. As for the CFO. Well I know that idiot was promoted way above his capabilities from my time there.. Announced his impending resignation just before his buddy Jope left to avoid being sacked on day 1 of Schumakers reign. But why wait a year??? - oh because he is unemployable & will never secure another position.
Did you see his comments about deodorant sales.... I'd expect the intern to write that at the end of their first week, not the CFO of a multinational. Sigh.
No offence, but if people don't have even a basic understanding of what the company is doing they have no right to be posting anything on the board, but should have the discussion with their carer, so the rest of us don't need to suffer it.
FFS BlueSonic. Is there a clue in the initials of you username?
Flood claims????? Have you ANY idea what LGEN does.
I suggest you put your money safely in the Bradford & Bingley. :)
Yep. up over 10% today now.
Is there actually a requirement to tell us something or do we just need to be hopeful?
these ******* jokers should be thrown in jail.
no reasoning as to why they downgrade by 30%. they must think we've had a bang on the head. but yet every time there is an upgrade or a downgrade the market reacts.
if someone who worked for me changed their prediction by that amount with no justification they could expect to be looking for another job.
my dividends re-invested & waiting on mng, phnx & aviva to put those here as well.
yes sir nige is retiring, but we've already been it for that.
doubling my money in 7 years here at there rates. i'm happy to keep piling in.
Just keep adding..........
If the share price was £6 I would be buying 50% less. I'd be happy with £4 for the next 10 years.
The deferred profits figure stood out for me this morning too.
However, I'm not clear over what period those profits can be released? Over the life of the policies? So 40 years in some cases?
Whatever it is, I guess this figure will over the coming reporting periods become more significant & the company judged on the growth or otherwise of these deferrals.
Is my understanding correct does anyone know? And any info on the timing of releases?
Wish I'd been brave enough to do the whole lot.
Yep. Here just for the divi. But knowing what a basket case the FTSE is, sold 50% of mine yesterday & bought back +3.5% this morning for the same cash. Just keep the holding growing
Was planning on the same for Aviva today, but not with todays fall.
just goes to show what ****** chartists think. if only it was that easy.......