Member Info for Phyl

Hi Saltoman, that's exactly what I meant of course, but many thanks for the important clarification. Much appreciated. Thumbs up.

Turn the page back to the Capital Market Event on June 12th, Antonio Simoes reduced the dividend from 5% to 2%. The markets didn't like it and (I confess) neither did I. As, like many on this board, I am heavily invested here and my portfolio took a bit of a beating. Was this an Tufan Erginbilgic burning platform moment causing ne to hastily sell my shares in my beloved Rolls Royce. Which, incidentally, I almost instantly regretted. Like Tufan's blurted statenent, I wasn't impressed with Antonio and said as much at the time. Like RR, was I, and more importantly, Mr Market wrong. Well, after yesterday's announcement, maybe I was and if so, I've never been as pleased to be so wrong. The SP has since leapt and all looks good as we head into 2025. I've always felt positive abut LGEN under Sir Nigel, but I'm beginning to think Antonio Simoes could well be the new Tufan Erginbilgic and take LGEN to greater heights. I for one glad I didn't sell on June 12th.

I'm not Antonio's greatest fan, but in all fairness, this is a largely very positive RNS!

Keep it going LGEN!

2024 total dividend forecast: 21.4p.

Hope this helps.

"Oh dear, another probable big drop in the share price on 4th Dec. Also, looks like we are heading for another lamentable week in the share price with L&G and the banks badly lagging behind the FTSE. Bah humbug!"

Oh Heckie, I don't like the sound of that!

Seriously, I'm not saying you're wrong, but would you mind outlining your reasons why you think the TS on the 4th Dec will probably result in a big drop in SP value?

Mid October, the SP was trading at a circa mid £2.30 range. Today, its around £2.20 ish. Some folk on here would suggest LGEN is already trading at its lower trading range. Some would argue, including myself, that the market has already built in a fair bit of bad news. Since the strategy statement by the new CEO, the SP still hasn't recovered, hence my thoughts on the bad news being built-in.

I could be wrong of course, but so could you.

The truth is, nobody knows what will happen to the share price following the next trading statement which means any existing or potential new investors should take any ramping or de-ramping on this board with a pinch of salt!

ATB, Phyl

He's basically making the point that he can get 4.5% interest elsewhere totally risk free. Take your 9.7% subtract 4.5% = 5.2%. Is 5.2% worth the risk of investing here?

I'd probably argue that it is.

Anyway, I hope this helps explain it.

My understanding, is that a Republican presidency is more beneficial to the healthcare sector than a democratic one. Generally speaking, this is due to them having a de-regulatory bias.

I would concede, that since the US election, the AZN SP has behaved poorly. I wonder though, how much of this is attributable to the forthcoming Trump regime considering any shenanigans emanating from China? As always, time will tell.

Not the best news for any finanial business in my opinion. Without doubt, Thieves has, with a stroke of a pen, helped put the blockers on people's attitudes toward saving young & hard into either a company AVC or private pension or even both. She has intimated a double tax; Income & now IHT. Unless a retiree is on pension or other credit there's no winter fuel allowance this year. My parents won't get it. Under a labour government, there's not a lot of point being a saver. They'll find ways to extrapolate the monies from you. They know it, we know it. And this is just the beginning. With potentially less money being paid into future pensions, LGEN will need to find other ways of increasing revenue. There's also talk of the government releasing £bns for UK infrastructure purposes that LGEN could benefit from... something Hunt started before he was unceremoniously dumped out of the chancellors chaie to be replaced by Thieves.

I appreciate this post won't go down particularly amongst our die hard labour supporters!

Did I really say £1.16 - £1.20. Ha ha ha. I bet there's lots out there that hope it is! Ha ha ha.

Of course, I meant £2.16 - £2.20! Apologies for the haste.

Some excellent posts on this matter including Pokerchips that I mostly agree with.

My take on buybacks is that there is a relationship between them and the eventual SP although, for purposes of the SP, I would agree it's best not to expect too much.

By taking out shares from the market, this, by definition, reduces the number of trading shares from the market. This helps if the share buyback programme is meaningful. A 200m share buyback is not meaningful. Coupled with a change in divi policy, the market took a dim view and reacted accordingly. The capital event becoming a non- event so to speak.

Antonio Simoes spoke about delivering for the shareholders. This is a smokescreen. He is only interested in what he believes is best for the company. This comes first. In the event any new strategy proves successful, this would benefit the shareholders. So far, the strategy only benefits those who are purchasers of shares. Not those that want to see their investment create, at least a modicum of value as most have bought in here for the dividend and the increasing dividend. Many hoped it would continue at 5% but as we know, its now 2%. Perhaps 5% wasn't sustainable and I get that, but what I don't get is the measly 200m of share buybacks. As Pokerchip says, it's barely 1%. Small wonder then, the market threw its dummy out of the pram onto the floor. And there it still lies with the SP floating between circa £1.16 - £1.20.

Only time will tell if Simoes is right. I for one, while not as bullish on LGEN as I once was, will continue to give the benefit of the doubt.

So, Mr António Simões, when's the next one starting?

FTSE dropping along with LGEN SP in sharp decline as I write. Imminent threat of Iran launching a ballistic missile into Israel. This is bound to cause shock waves in the global financial markets. Life trumps investments so let's hope matters settle in the Middle East and lives are spared.

Talking of divi's, and as a reminder, the interim dividend payment date is tomorrow. So, a lot of LGEN investors and I include myself, can look forward to Friday for more reasons than one! Enjoy the payment whatever your intentions are for it.

Https://x.com/saerenewables/status/1838577608117616661?s=19

Https://saerenewables.com/sae-secures-support-to-deliver-more-capacity-at-the-world-leading-meygen-project/

Good question Gary. LGEN, are quite possibly the biggest player here. I can quite understand the FCA launching an investigation into the miss-selling or questionable benefits of policies. I'd be surprised if there wasn't anything behind it, but I would be very surprised if there was any impropriety on the part of LGEN. That said, LGEN will be more than fully aware of the FCA's proposals, making sure there are no sticks to throw at it. If there is, heaven knows what the outcome would be.

Just in case you haven seen it...

https://x.com/saerenewables/status/1818651526635606200?t=kBv-soJplOMrSD6n62isoQ&s=19

Https://x.com/saerenewables/status/1811709598430019874?t=xZmxr0E6N5YFA2MILhwtAw&s=19

Quite clearly, Antonio Simoes remit is to increase the share price. Time, of course, will tell. If the 12th was a day, Simoes was the head coach of LGEN's first football match, he might have got sacked before the match had finished. Like many head coaches that have come and gone, he's tinkered with a successful system laid bare by Sir Nigel if not decimated it... just like the share price that he's remitted to increase. This isn't one step backwards and 2 forwards, this is a giant leap backwards for existing shareholders. Only those buying in this debacle over the past couple of days are smiling 😃 here. The old Chinese proverb springs to mind, "one's man meat is another man's poison ". Unlike many a sacked football coach, Antonio Simoes gets to live on and for fear of repeating myself, only time will tell if the tinkering brings team LGEN to the precipice if the Financial league title. After just one and it must be said, very important match , we sit bottom.

Yep, as I write, we've just gone into the red. After yesterday's debacle, unsurprising unfortunately. Is this what Antonio Simones had in mind before he made his presentations I wonder? If we thought LGEN was too BIG to be snapped up, it probably isn’t now! A penny for Antonio Simones thoughts this morning.