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My own view is that borrowings are very high, which you would expect for a company in this line of business. Clearly interest payments go up and this makes borrowing money more expensive. Covid had a serious effect and this takes time to resolve, assuming of course a company does not go bust. The short sellers have worked this out sometime ago, warning investors that problems exist. Only time and good management will conclude these problems. I am interested in the thoughts of other investors in this matter?
Jonathb, yes I can comment. I have been with IG for around 25 years, when they first started out (spreadbetting). I really like the company, and, I am a shareholder, that's why I purchased the shares too! I would be more interested to learn why you had a problem, and, surprised that you had a problem with the customer service, I DON'T work the company lol. Having had accounts with other company's e.g. banks (Halifax useless), TD Waterhouse (who are quite good too), I am sticking with IG.
Mike1974. Have never met him, therefore I am not a mate! I am not a greedy person, and, Rothchild (no mate of mine either) once stated "Always leave a little something for someone else!" IDS has paid out some good dividends in the past, coupled with a healthy capital gain, therefore I cannot complain.
I believe one of the main reasons for not hitting 320 pence is the fact that investors don't believe the deal will go ahead due to government intervention. At this point in time my thoughts are that a higher bid may well follow up, however, perhaps another 10 pence only (330 pence being the original offer price). I shall be more than happy with that!
AceOfClubs, I really do not want to agree with you, however, the facts speak for themselves! I have enormous concerns regarding TastyTrader since their results are unclear! I shall be hanging on for the dividend since I bought these shares at a much lower price. Good luck.
Old news but interesting nevertheless.
https://newsroom.bt.com/bt-statement-on-preliminary-judgment-for-court-of-appeal-case/
Https://www.sec.gov/Archives/edgar/data/1647386/000164738623000007/FY23-public.pdf
I found this but can't make head or tail of it!
This has happened before on more than one occasion! However, next year does look to be very exciting indeed. As a cautious investor, this is my one and only gambling stock, where you could lose the lot or, wish you had picked up more. Good luck to you all.
Gwm121, there are many insurance opportunities available. Indeed, L & G is one option, I already have them but may add. Having read Aviva Diversity report it is a well written waffle full of political correctness, effectively "Saying Nothing". I find the expression "Black Lives Matter", as clearly depicted in the report, offensive and insulting. How about Asian Lives, Chinese Lives, in other words "All Lives Matter". Ironically, some of the BLM movement in America ran off with a load of money spending it on themselves! This is my last post here, good luck with your investing and may 2024 be profitable for you.
I too have only a small holding in Aviva. This political correctness will show at some point in time. Blanc in my opinion will ruin what was once a great company. I have L & G and like what they do. Looking to liquidate all of my Aviva assets in New Year. Will be very happy at any price above £3.50, current price £4.30.
Gym 121 I will transfer the money to a bank and receive interest on Aviva. I do have Rolls Royce, picked up at 89 pence. I am more interested in the long term dividend albeit the Capital Gain is good. I do hold Lloyds and intend keeping them for the long term, again for the long term.
My biggest loss is TRP (Tower Resources). Whilst my holding is small, this is like betting on the Grand National outsider. So far a 50% loss! If it comes in the gains will be very high. The chances of this is small, only if you are prepared to lose the lot, which could quite easily happen.
Glaxo (Emma Walmsley) I have held for sometime, the dividend modest, however, I have enormous faith in the lady. Should she leave Glaxo, I shall be following her move (no, I am not a stalker!). Good leaders are hard to find, I believe she is a very good leader.
It takes a long time to build up a company, a shorter time span to knock it down. I have done very well out of Aviva, however, I am not impressed with Ms Blanc. I wish you all great success in the future. It is time for me to sell on Monday and invest elsewhere. Good luck to you all and happy Xmas. I wish you a profitable new year.