Member Info for Phyl

Anybody any idea what's driving the decline in SP?

I think most of us share your pain there!

Afternoon Gary, I hold LGEN in an ISA that represents circa 60% of my investment. Its high I know, but I consider my ISA as an integral part of my pension portfolio where I have a well diversified SIPP. My strategy, is to continue to reinvest the dividends which helps benefit my SP average while at the same time, compound on each Divi event. On retirement, in approximately 2.5yrs time, I'll convert my LGEN dividends to (tax free) income so I have an additional sum of monies to compliment my state, company & private pensions. My only concern with this strategy is if the new CEO decides he wants LGEN to be more focused on growth at the expense of dividends. I think most investors on this board are dividend biased. Overall then, I'm diversified, but LGEN plays a significant part in my ISA wealth.

In fairness, that's an interesting overview on the role of MM's. Learned a bit there.

Thriller40, sorry to hear you're in the red here. I'm not too far behind you in terms of my investment in LGEN but I've managed to continually reinvest my dividends which has helped bring down my average and hence, now, just sitting in the blue. What, if I may ask is your average and what is your strategy for LGEN. E.g. Long term, dividend reinvestment etc.

Interesting point regarding the MM's. It makes me wonder just how much influence they have on a stock such as LGEN? Do they really think by dropping the SP it will drive fear into the typical LGEN investor to panic sell their shares hopefully at a loss? I understand the arguments for MM's but in my mind, this practice is nothing short of legalised stealing. They extract monies from those that should know better. Well, they're not having any of mine!

As a reminder, LGEN's next financial event takes place on the 6th March. Full Year Results. It could and probably will act as a precursor to SP behaviour up to & including, ex divi date.

Yes, let's.. Troy Tempest was the captain of Stingray.

Quite agree with all the points Eccles makes here although a 3% drop over this past week is rather unexpected and for me, unwelcome. However, that said, we all know just how much this stock is highly volatile to market influences both positive & negative wise. This dip might just represent a good buy-in price for some. Anyhow, if memory serves me correct, the ex-divi date is the 24th April so plenty time for the SP to recover 😉 . As the commander in Stingray once said, "anything can happen in the next half hour".

Quite a drop today! Worse even than Barclays!

One step forward and three steps back with Barclays. Seems to be dropping like a stone again today. Perhaps in sympathy to Microsoft & Alphabet. Or maybe it's the weather!

Fair chance it will get dragged down further tomorrow if the USA indices are anything to go by. The whole market has been impacted by Alphabet and Microsoft's worse than expected results. Not often you see drops of this magnitude.

Sad to say, it's been a shocker. US indices sre all well down so tomorrow could easily be more of the same. Ah, well, it's not exactly a Wall St crash, and we live to fight another day.

It's been a disappointing finish to the trading day today particularly after such a positive 1st half.

Today's announcement not helping us today, and is probably exasperating the drop in SP. Inflation is a primary headwind. Looks like the US won't be lowering interest rates as quickly as the market had hoped. We now need to see if this news brings about an equities correction. Hope not. In answer to a previous post, it looks like Barclays has suffered with deposits. it's customers appear to be taking money out and putting it in higher interest bearing competitor accounts. A lot being said on this forum about excess cash with increased dividends and/ or buybacks potentially on the horizon. Barclays haven't got a great track record rewarding their investors but we live & hope.

SP now £1.48 and falling like a knife. That's over 3% down at the time of writing. The board knew this was happening, and what do they do about it? Sack 5000 people. People who have wives, husbands, children, and with mortgages to support. All, at a stroke of a pen while their own lives continue without a care in the world. You couldn't make it up. This BOD is probably now, the worst I have ever come across. Inept doesn't do it justice. Where do Barclays go from here?

If you want to understand why Barclays is a dog and why it's likely to continue for a while yet, it's due to the prevailing headwinds affecting many banks now and not just UK based ones I hasten to add. The stock is seemingly stuck in the proverbial & likely to continue for a while yet. It's quite the drag on my portfolio as well I'm afraid. Please see this excellent report for further information:

https://seekingalpha.com/article/4662177-barclays-was-the-recent-rally-justified

Https://www.nwemail.co.uk/news/24034653.barrow-host-event-tidal-energy-change-area/

If no response is forthcoming, you could forward it on to Sean Parsons, Director of External Communications at the following email address:

sean.parsons@saerenewables.com

Hope this helps.

Generally speaking, I am in favour of business's incentivising themselves for the greater good of all. However, in this case, I have to agree with the commentsso far.... the timing of this RNS leaves nothing to be desired by us investors. The previous dilution has done nothing to truly incentivise the BOD to provide shareholder value. It feels like this is a case of feathering one's own nest at the cost of shareholder value. More to come about this I suspect. Sigh.