Member Info for NervousNelly

If my understanding of IFRS 17 is correct (I am / was an accountant but never had to report under this) then it is down to the fact that the policies sold retain a liability until the point they expire. Probably best explained by way of example.

If a life insurance policy is due to last for 20 years, and the policy costs £200 per year then the only profit that is recognised in year 1 is £10 - that's 1/20th of the annual premium. In year 2 it would be £10 as in year 1 plus £10.52 (being 1/19 of the next £200 paid, so £20.52 in total. This goes on until either the policy expires, or there is a claim. (at which point the store of profits would be released to partially off-set the claim)

I've never seen this set out in this way before. Maybe I'm oversimplifying, or maybe I'm just plain wrong. Happy to be corrected. As i said - never had to use it :)

Holding out for sub 2.40. Have another chunk of cash to spend. Although I'm heavy here I'm reluctant to go for AV, PHNX or MNG following this years rises. If LGEN rises by a similar percentage as these in the coming months we'd be looking at £3.

That said I'm here for the longhaul. But no point in paying more than necessary, and a 5% drop means additional shares & therefore dividends forever.

GLA

I sat through most of the live event. Found it uninspiring. Appreciate that it's a very dry subject, but found the style of presentation by all of the contributors unenthusiastic. These guys are paid salaries that we can only dream of. They should be able to portray their passion for the company rather than the monotone script we got.

That said i did blow my dividends from LGEN, MNG, PHNX, AV. & others on more shares on Monday. Had intended to wait while after the presentation after last years debacle, but on reflection decided that if the Price was good at £2.50 7 years ago when i first bought in then it must be better now with a 35% higher dividend (about)

Don't stress it. If you aren't a seller it's not a problem.

Personally I d like to keep adding. Hopefully below 2.40.

Lets see if Antonio can upset the market again next week like last year?

i'm with you fatherjack. sold my property portfolio for a good price a little over 4 years ago.

since then the dividends i've received have matched the rents - although i understand rents are up circa 30% locally to me. no need to concern myself with voids. i've made some capital too which would be close to any increase in property values in that time.

no repairs, no agents no contractors & no ******* whinging tennants. all good in my book. should have done it years ago.

now i can go on holiday whenever i like without wondering who is stiffing me.

IJS - I'm not a tax expert, but I'm pretty sure that if your dividend is received into your trading account as cash then re-invested by your platform it counts as dividend income and as such would be taxable (assuming over tax free limits).

Only if the company itself is reinvesting for you & you never see the cash then you would not be liable.

If I've got this wrong then I've been overpaying my tax. While mostly i hold the cash dividends & buy shares at the most opportune moment I have had several in the past that have auto re-invested.

If this is true then i may need to re-consider what happens with my dividends. They are considerable.

Is there a tax expert out there?

Gmed-2 - you are just wrong. Why don't you check before posting such inaccuracies.

Payday is 5th June. I too am counting down the days.

Why not check the financial calendar on lse.co.uk or the LGEN website for example.

Taken a punt on these again by transferring some of my cash ISA to S+S & buying even more LGEN. Hope to see in increased SP being more than a years interest in the next few weeks. £2.50 would be nice which with possibly 2 interest rate cuts and the payment of the final dividend coming up by mid June is possible (or probable?). Often a (small) spike on Divi day as the cash gets re-invested.

Buying these & holding forever - the purchase price becomes kind of irrelevant. Yes i too believe £2.40 will look cheap in years to come. And even at £2.40 is still well north of 8% p.a. dividend a.t.m. & hopefully growing in the future.

And maybe a take over in the future? - Don't know. But i do know i'd then need to find another great home for the money.

Just keep building the holdings.

Also waiting for much more than 300p SUFC. I'm the guy who bought a chunk at 290p not believing that Russia would ever invade Ukraine. :)

Well. Bought back at 236.45 - so a 16.75p sell/buy variance for me - which just about covers dividend, fees & duty.

Like i said - I'll not really know if I'm better ore worse off until I see the price in June. But happy to have the extra shares in my portfolio now rather than later.

I sold 40% of my ISA holding yesterday 253.2 and will be buying back today.

I'll not know if I come out in front until June when the cash is paid over & can be reinvested.

I expect by then the SP to have largely recovered, so, fingers crossed will have about 4% more shares than by sitting on my hands.

Or the Orangeman could upset the applecart.......

Then sell on Thursday Riffgo. But I'll be holding.

The price has further to go this year.

I'll be selling 40% of my holding & buying back on Thursday.

Of course you never really know if its paid off or not until the cash comes for the dividend paid & the price you pay to top up at that point.

So for me even if i sell now at 2.50 and buy on Thursday at 2.35 doesn't mean I've lost out. The Price may easily be 2.50 by June which means i come out in front.

Every year is different. Last year our CEO opened his mouth in June & crashed the price 10%.

Robelo - i noticed you excluded PHNX from you list of dividend payers.

Any reason? or just an omission?

3 - Falling interest rates will further increase the appeal of the dividend.

Even at £3 the yield will still be close to 7%

Probable the Mrs Nelly & I will be taking another £20K each in the ISA next week financed by selling SSE.

I fail to understand why the fiasco in America should have any material impact on LGEN. Can anyone help me with that?

Hoho. Thought I'd take a look at the DGE board with all the tariff talk going on. Who do i Find? Porsche!!!. Spouting his usual BS

Back to same price as [insert year here}, [ insert ticker here] capital destructive dross even by ftse 100 standards. This is heading to about [insert random number here] quid a share.

Gotta love it. Oh and Porsche - I'm making capital gains plus healthy dividends on all bar one of my FTSE shares.

Yeah Doodoo they could, but are quite clear now that the DPS is up by 2%, not the cash cost to LGEN. In actual fact they will pay less in dividends next year than this by circa 1.5%. (3.5% buyback, 2% increase). If they were to increase the cost of the dividend by 2% it would result in FY 2025 being more like 22.5p - not the 21.79p we'll be getting.

Nothing really unexpected there. Buyback more than expected i suppose.

Not expecting significant change on open but we will see.

Clarified the 2% future uplifts for 2025 - 27. That's DPS rather than total dividend. So a net reduction in the total cost of dividend which i find frustrating. If you're increasing returns to shareholders then increase returns to shareholders.