Member Info for Phyl

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.

Thumbs up to your strategy Maybetoday. Unfortunately, I don't have any more higher than average dividend paying investments so I can't take advantage of your strategy albeit, I think yours a good one. In the past, and on occasion, I've been known to buy a few more once the stock goes ex-divi and drops. I've found that, generally, the SP tends to drop by a greater value than the divi before it inevitably recovers. I know a number of investors on this board take advantage of the drop to buy sacrificing the divi. Good to hear different investors strategy.

During a quiet moment, I've been doing a little analysis of my stocks & shares portfolio and in particular, LGEN. We all have our strategies when it comes to LGEN, but to reiterate (again) my strategy is to reinvest the dividends so they compound. In other words, during any subsequent dividend payments, each one is progressively based on a greater stockholding. When I bought my last trench of shares, the yield (dividend ÷ share price x 100) was a tad over 7%. Due to reinvesting my LGEN dividends, this has both reduced my average cost per share but has also increased the yield to 8.25%. Anyone having bought into LGEN during October 2020 at around £1.85 per share will be sitting on a double digit yield. These are the virtues of dividend reinvestment to those that may be interested. LGEN, in my opinion, is one of the very best out there. To all fellow investors in this company, I wish you a wealthy new year!

Hi Meconopsis, really appreciate your response. I for one, wasn't aware some companies allowed to buy in advance. Something to perhaps investigate early new year. I wouldn't consider an annuity for the whole of my pension, but as I say, maybe one to cover the basic costs as a form of insurance policy if you like. It seems to be working for those that have adopted this strategy. I feel any annuity company offering me a rate now for later, would probably be miserly as they too, would consider future or forecasted interest rates but definitely worth investigating further. LGEN, however, 100% forms part of my income strategy. I'm continuing to buy more stock and have the dividends reinvested to compound the investment. I hold LGEN in an ISA so all proceeds are tax exempt as tax payable is quite an issue for a number of retirees, as a number of my friends confess. Cheers again Meconopsis. Hope you and all those active on this board a merry Xmas, and happy, healthy, and wealthy new year!

I know a few people that have recently bought an annuity to cover all but their basic costs then used the rest as a drawdown. None have gone the whole hog and invested fully in an annuity. I retire in 2.5 yrs and will assess the interest rate at the time before deciding on my final decision. NB: The higher the interest rate the higher the annuity payment. At the moment, interest rates are high so annuity rates follow, but the concensus of opinion, is that interest rates will reduce during 2024. In which case, annuities might not be worth the same consideration as they perhaps are right now. Definitely take advice, such as Pension Wise which is free to all.

Whilst I think the holders are caught between a rock and a hard place, in the end, I think it's likely they'll approve the extension. At least this way, they stand to make money (in the end) as opposed to potentially, losing 100% of their investment. In any case, I shouldn't think SAE will be seen by the holders in a good light. More, a poorly lit one. The consequences for the holders could be catastrophic for a negative outcome, much the same for us investors I would've thought. A positive outcome will allow continuity and a chance to perhaps draw down debt. Let's hope we live to fight another year.

RE ISA's: If your ISA holds L & G shares and the divi becomes payable, is the divi paid directly into the ISA thus mitigating personal tax, or is the divi paid directly into ones back account?

If you hold LGEN or any other shares for that matter, in an ISA, any dividends, either reinvested in more shares or, indeed, cash, are kept within the ISA tax wrapper thus shielding it from capital gains tax. In my humble opinion, a no brainer.

It'll be an interesting day on the FTSE today. Could be a good day for BARC all being well.

Not sure the actual time of the meeting is in the public domain but I suspect it will be am. As a reminder, the requested amendments require the agreement of 75% of the debenture holders by value. SAE remain optimistic for a positive outcome.

I retire in 30 months time and shall be doing exactly the same as MrMath and converting to income from within a tax free ISA. Until then, I'll continue to reinvest the divis so my income is all the greater. This strategy seems to be working for me, but a little growth in SP wouldn't go amiss either. I'm hoping for a better year in so far as this is concerned.

Thriller40, I sympathise with you regarding your current LGEN investment. I too, bought high at the time but I continued to reinvest the dividends into more shares, sometimes at a low price but also at higher prices. The result, I am now around 8% up. That's the power of compounding a share like LGEN.

Interesting to note, this time last year, LGEN was trading at £2.694, but today, at £2.44.9. That's a whopping £0.245p difference. Down today, but the past 3 months has shown some positive momentum. Let's hope it continues and we all enjoy a more prosperous new year!

I suspect a lot of investors in BARC are under water including myself. I need £1.64 just to break even. Its simply not performed as I expected it to and is now a drag on my portfolio. This is the gamble when buying into the FTSE (in general terms) were overseas investors tend to over-look us here in the UK. Hopefully, we'll have a better year but I, for one, ain't counting any chickens due to a lack of faith in the current senior management team. They appear abject.

Good chance tomorrow I would have thought. The USA markets have reacted strongly to Jerome Powell's speech. All 3 major indexes over 1% as I write. Very interesting to see the FTSE open tomorrow.

This is very good news indeed for the wider market. It'll be an interesting open on the FTSE tomorrow that's for sure!

LGEN is a 187 year company and since it started trading on the stock market, it's share price has never failed to bounce back, and I hasten to add, to new highs. Not sure when it will next hit £3+ again but I feel sure it will!

I agree with MrMath. I don't believe in paper losses unless my strategy is to hold long term particularly if dividends are part of the equation. This is very much the case with LGEN. I took the decision to reinvest my dividends to help bring down my average and its worked. Even taking into consideration the market's reaction to today's news whereby LGEN has been negatively impacted, I'm still in profit albeit not by much. I guess many have "dogs" myself included due, in no small part, to Brexit, to Covid 29, to Ukraine, to Israel and other headwinds. In time, I believe these impactors will come to pass, and our investments will provide the returns we thought they would when we placed our bets. It's all about your short, medium & long term strategy for each of your holdings. LGEN simply isn't the sort of stock for short term trading so it's probably best to view it as a medium to long term holding and even then, make sure you calculate the high dividends this stock maintains when assessing wether or not it is a performer. Just as a side note, and as a matter of opinion, I do think LGEN is trading on low SP yields and if I wasn't already in large as I am here, it would be on my buy list for absolute surety. Not sure if the above helps or hinders but good luck in any decision you make.

I'm interested to learn investors strategy for their LGEN shares. My strategy is to reinvest the dividends to buy more shares thus averaging down at the same time.

Absolutely agree Rob.

When interest rates fall, the likes of LGEN benefit from increased investor sentiment due to their high dividend returns. Investors simply pile in thus increasing the SP.

Might be a bit of a wait mind.

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