Member Info for Phyl

The SP's not that far away from its 52 week low and thus feels like a reasonable initial buy-in price. I'm thinking of buying 5000 shares to begin with. Adding on any further weakness possibly at the expense if selling some LGEN where I'm arguably over-exposed. Currently got all my eggs in the LGEN camp.

Nobody knows if the SP will rise.

Nobody knows if the SP will fall.

Nobody knows if the SP will remain static.

If you want to know what direction the SP is heading, you'd better ask... Nobody.

Reading these posts it reminds me of that old Chinese proverb... "one man's meat is another man's poison "

@Meconopsis: Cheers for your response. It's good to know that you, and more importantly, your dog, have faith here despite the geopolitical/political back-drop. Nice to know that I'm unlikely to be barking (ha ha) up the wrong tree with my proposed investment here albeit we all know anything can happen.

In a separate note, I am assessing my own position in LGEN as I'm over exposed there and may look to divest around 50% of my holding although this would still be substantial in my world!

Have a great weekend all.

Phyl

@Meconopsis: I note with much interest that you're no longer invested in LGEN. I for one understand your reasons. I was wondering if you hold any investment at all here at PHP or is your holding all in cash?

Hi HH88, many thanks for your response... much appreciated.

As I look to acquire my first tranche here, I'll be putting them I my ISA. Thanks for the advice though.

All the best,

Phyl

Hi Meconopsis, many thanks for your response that includes confirmation of the Div growth. I'll be happy to join you all on this board as an investor very soon and will keep you updated when I make that first tranche.

PHP really does look like a well run company as you say and I'm with you... I like boring!... and so does my wife. That's why she's with me!

Whilst boring, it does look like there's some opportunity for capital growth here at some point. LGEN provides enough excitement for me so at my stage in life and the quarterly dividend payments will be useful to treat my wife once in a while!

Cheers for your response mararab, much appreciated. Yeah, I'm aware of the current yield versus SP.

It's the annual dividend growth forecast I was questioning.

2026: 7.3p

2027: 7.5p

2028: 7.7p

If these numbers are correct, it just about covers inflation at around 2.7%.

I don't have any long term experience of PHP so unsure whether the anticipated dividend growth rate is normal?

Hope the above makes sense.

Phyl

Since the take-over rumour broke last week the LGEN share price has held up fairly well albeit down a tad so far today. I wonder if that's due to Mr. Market thinking there really is some truth around US based sharks circling and planning to gobble us up.

Sorry for the shark analogy... I've just returned from a trip to Martha's Vineyard were Jaws was filmed.

Good morning all.

I've been following PHP for some time now and believe I am almost ready to invest here to help diversify (a tad) from my major holding in LGEN. I'm aware both Robleo and Meconopsis invest here as they do in LGEN.

My only one concern is the dividend growth rate that consensus suggests is circa 2.7% per annum. Is this correct or am I way off the mark?

I'm looking to purchase 2 seperate trenches of shares beginning with 12000.

Any response greatly appreciated 🙏.

Phyl

Crazyyear: excellent article by Gordon Aitkin. Thanks for sharing this with us.

Morning Mikey/all. Nothing much in the weekend papers that we weren't already aware of. In fact, nothing much since the rumour broke last week in the FT providing, I hasten to add, a welcome boost to the share price 😀. My fear for anyone buying on the rumour is that they might get stung by a nettle. I hope not and as they say, where there's a nettle a dock leaf lays close by. AKA, the handsome dividend.

If there is any substance to the rumour, I wouldn't be holding my breath for a bid just yet.

Phyl

In my 65yrs, I've come to learn it's best to give but a glance to any broker's recommendations. As in the case of LGEN where you have Jefferies at one end of the scale and Berenberg at the other. In fact, I'd treat them with a truck load of salt!

Nothing new here. Just the Jeffrey's analyst trying to do his mates a favour.

... well, I did say, today would be a good day for a buy-back!

Today would be a good day to buy some!

Hi Adeg1. My understanding is that a broker (Barclays) can buy-back 25% (I think) of the days traded volumes.

This is to avoid share price manipulation.

If memory serves me correct, the broker is not governed by share price per se so could quite feasibly purchase when the share price is at a more advantageous price.

I may be wrong on both counts but to the best of my knowledge, I think I'm right. Others on here far more knowledgeable than me so stand to be corrected.

As I write, I find it baffling that there's (loosly) £46m of selling activity so far today. Each & every one of those sales has qualified for the divi at £0.1536p and yet folk are selling anything between £0.15p _ £0.17p on current SP. Why do it? Why not wait a bit for the SP to recover (as it invariably does) then sell. Do they suddenly need the proceed money? Where they gambling on the SP not reducing anything like the drop today?

I totally get those that sell up the day before ex-div then buy-back the day after but not vice versa.

I'd love to hear particularly from those that have sold today or considering selling today as to their reasons why not withstanding any immediate monetary need.

I was going to say, it's fast approaching ex-div date for the finl dividend. Wether folk sell before and buy later, take the dividend and use excess cash to buy any dip is entirely up to them. I'm not sure there is a right or wrong and certainly not pre-divi. But I do think here with LGEN one has their strategy all thought out.

Good luck.

I've been invested here for around 9yrs and during that time, I have sold once and bought too many times I care to remember. My strategy, until this year, was to always (without exception) re-invest the dividends and buy during periods of share price volatility. This includes a few weeks ago whereby I added a further 4,000 shares at £2.45. This strategy has served me well. My average cost per pop is just short of £2.00. However, bow that I've very recently retired, my strategy is about to change. I'll be taking the final dividend (August) of £0.1567 as tax free income to supplement my retirement income as its wrapped within an ISA with the Interim payment (early October) of £0.0612p per pop as a dividend reinvestment. It was Meconopsis who gave me the idea to do something like this to cover inflation. I will simply alter the dividend settings on the platform I use to accommodate this.

This is my strategy and only time will tell if it works for me.

It's fast appr