Member Info for Phyl

Some de-risk with inflation matters this morning providing a welcome boost to UK stocks including our own LGEN. Goodness knows, we've needed it! This is on the back of similar news out of the USA and even China has posted a better than expected economic picture and that's saying something. I'm still very much underwater here despite me continuing to compound my dividends into further shares so, I'm hoping my patience pays off in the end.

This poses an interesting question behind the reasoning investors buy into top dividend paying shares such as LGEN? My strategy behind my LGEN investment is simply to continue to reinvest the dividends for the next 3 years (until retirement) then, I'll be converting the dividend to income in order to supplement my retirement income. I hold LGEN in an ISA to shelter the dividend from any future tax liability. This strategy is fine unless LGEN decide to cut or worse still, suspend the dividend payments. This could happen at some point so always best to keep a watchful eye on any noise coming from the BOD. For now though, the strategy seems fairly safe. Interested to hear other posters strategy for holding this share.

I've been following the fortunes of SAE for circa 5yrs. I’ve been invested for over 4yrs & continue to be invested to this day. I’ve bought and sold during this period and lost money often wondering why no directors have ever risked their own money. This is the first time that I have encountered a director dealing in SAE and now I really do have the confidence this business can actually deliver what it has promised over the past 4yrs!

Completely concur with the post sent at 09.47. I for one, am growing in confidence that this is the beginning of a more positive period in SAE's fortunes and hence recovery in the share price. Goodness knows, it needs it! Hopefully, parity will be restored by the end of this week.

Makes perfect sense OHS & thanks for posting. This could be HUGE news.

The new CEO name could be be a contributory factor in the drop that we've seen this week as markets tend to look forwards but, in my opinion, it's by no means the decisive reason. I believe, the majority of the drop comes from the aftershock of the Doy Jones which lost over 200 points by COB due to Jerome Powell's address late yesterday afternoon setting a hawkish tone. This is much bared out by other financial institutions including banks that have also fallen but apart from Nat West, not by the same degree as LGEN. Unfortunately, we're subject to greater volatility in the markets which can go our way as much as it can against.

To be honest NickiDo, a lot of SAE died when Tim Cornelius left the business. Rather suddenly as I recall. I thought the Uskmouth project would get a 2nd wind under the stewardship of Graham Reid though considering his engineering background but, ultimately, this was to no avail. The tidal element (which Tim fostered) seemed to suffer and Uskmouth became an aberration as we know. All this could be put down to bad luck or timing but, in my humble view, SAE was never quite the same. I remember one occasion reaching out to Graham Reid but was compl ignored despite several attempts, while, conversely, I had a good working/personal relationship with Tim. I was even invited to do an investor interview via Zoom which I truly obliged. Still invested here albeit not to the same extent that I was but now more in hope than firm belief.

Yep, quite agree OT. I recall SAE were unsuccessful at the time. However, bids such as these bring about a lot of red tape & paperwork which SAE will have previously circumnavigated. (Pardon the pun) Can't think why SAE & Proteus would not be working on this collaboratively. Let's hope they're more successful this time around should Proteus decide to formally partake in the bidding process of course. Every little helps.

The markets this morning ery much dissapointed with the Nat West results that's for sure. While beating expectations in one regard, it's net interest & margin result took a bit of a wobble. Down by over 5% as I write but around 6.5% down at one point. I agree, this has almost single handedly brought down the FTSE 100 despite the US finishing strongly yesterday. I was expecting BARC to carry on where it left off yesterday but the Nat West result this morning has negatively impacted here. Fingers crossed for a turnaround (all around) during the course of today's trading. I need BARC to be circa £1.70 a pop to be in profit here. Sigh.

For those arriving hone from work & to help sum up today's results quite nicely while supplementing belgrano's earlier post...

https://www.ii.co.uk/analysis-commentary/barclays-beats-profit-expectations-ii527713

Down 5.62% on opening. Interesting to see how this pans out during the rest of the trading day. I see BARC has RNS'd a very positive set of results this morning which could lift the Financial services sector and in theory mitigate the anticipated downtown today. I decided to re-invest the whole of my dividends in additional shares having previously mulled over selling 50% but then thought about the fundamentals of LGEN & my slightly longer term strategy. Fingers crossed for a positive day today no matter what your strategy is for LGEN.

Only negative is the £500m set aside for credit impairment. Other than that these results should outweigh market expectation. If they fail to impress along with a reasonable increase in SP today then nothing will! Fingers crossed for a positive reaction.

Two blue days on the trot!

Hi robleo, I suppose my concern is the size of my current holding in LGEN. I'm a long term holder and will continue to hold a fair number of shares to boost my pension in a few years time by way of dividend income. However, I'm concerned I am too overweight and not diversified enough in my ISA and also, due to the high volatility of the markets I would like to have some spare monies to invest should we suffer a market crash. I'm also looking to invest some monies in City of London (CTY) as it's always proven to be a little more defensive but, at the same time, good dividend paying trust and they hold, wait for it, you've guessed it... LGEN!

Thanks robleo & all those that responded yesterday to my post... still very much interested in anyone else's thoughts.

Hi Nick, what are you intending to do this time around, sell before ex divi or hold? I'm thinking about selling circa 50% of my shares and reinvesting the divi in more shares. Also, interested to hear what other (particularly long termers like myself) are thinking about doing this time around? Had it not be for the higher than usual volatility I would be looking to reinvest the divi on all my share holding. Always a difficult decision but I feel this time around is even more difficult! Do others agree?

Apologies ftseexplorer, I've not been active on this board lately and even today when the numbers have turned blue (for a change) I've got one eye firmly shut with the other stuck well & truly in squinting mode! Ha ha. Yeah, this trust has performed very poorly versus it's peers. I bought both AZN & GSK (before the break up) and sold out once their respective share prices had gone into a small profit. I'll take a look at Polar... cheers for the tip by the way. On a separate note, I need WWH to hit £36 before I break even. Unfortunately, I bought quite a while ago at a high price.

The biggest faller on my watch list this morning... got to be one of the worst performing trusts in the world! Yet, nothing from the trust managers! Heads probably buried in the sand no doubt!

On the face of it, the takeover of Credit Suisse appears to be a good investment for both UBS & it's shareholders and ought to steady the nerves of the global financial market during today's trading session. The flip side of the coin will be a lack of confidence still so while I, for one think & hope for a beginning of a BARC recovery, anything can happen as we all know. Not long now to wait for the opening bell. On a more positive note, I see Motley have said they wouldn't touch us... this invariably means the SP will rise then!

If you're looking for capital growth then LGEN probably isn't in your bag of tricks. However, the caveat to that is what price you can enter and the current price (0.20% down at the time of writing) looks like an excellent entry point to realise some capital growth as LGEN always bounces back. As I've mentioned a number of times on this forum, LGEN has never failed in it's 200yr history. That said, generally speaking, it's doubtful LGEN will set the world on fire SP wise.

LGEN is an excellent dividend payer and while dividend payments are never guaranteed, this, in my opinion, is as safe as it gets. Just rake a look at the very recent Final Trading Statement... couldn't have been much better. But here we are, trading at much lower levels primarily caused by the even more recent banking troubles. LGEN has taken a hit as a matter of potential contagion but even this is unlikely to have any impact on LGEN's ability to continue growing it's dividend payments.

I'm underwater when all things said & done but I know it's just a matter of time before I won't be.