Member Info for Phyl

The old Chinese proverb, "one man's meat is another man's poison" springs to mind following the recent dividend that is £9.1463 per pop. A number of folk on this board forecast a significant drop in SP following XD day, (as is normally the case I hasten to add) and continue to drop toward the £2.20 per pop where many would then buy in. Financial actors always extol the virtue of never aim to try time the market. Its time in the market that counts. Well, for once, it appears they are right. The sP, if anything, has risen. This means, anyone buying in just after XD day will be in profit and congratulations to them, but also those that re-invested their dividends as I did... feeling almost smug. Of course, it might all change over the coming weeks, but I'm not so sure it will. lGEN appears to have positive SP momentum, which is something we cannot with any regularity, profess. The SP closed over £2.40 a pop on last night's bell. I for one, hope this unexpected momentum continues and all investors here reap their reward. Goodness knows, we deserve it!

WWH has really started to recover with a further 1.5% gain in SP yesterday. (26.04.24) I’ve probably been OrbiMed's greatest critic over the past 12 months or so, but credit where credit is due, this trust has recently been on a roll. Long may it continue. I'm only 4.5% down now and in a much happier place. There might even be a danger that I'll venture into a positive return in the not too distant future! Keep it up OrbiMed.

By the way, my strategy is to re-invest the dividends which is exactly what I've done. This strategy helps bring down the average cost per share. Only really works for those keeping hold of em. Not for day traders obviously.

Good morning Rob, I can understand anyone buying on the drop. I've done it myself, but I can't understand anyone selling on the drop. Sell either side of ex-div when the SP tends to be higher. Undoubtedly, the SP will recover its drop today over time. It always does.

I tend to avoid trading any shares I hold as I tend to lose money 90% of the time. Anyway, I am unable to trade LGEN even if I wanted to as my shares are contained in a ISA on the Fidelity platform. They have strict rules on trading and don't allow it... good job for me then.

Divi well covered. Here's some key data:

Operating profits (before adjustments) are at £1.66bn, with organic capital generation covering the cumulative dividend payment of £4.5bn, with £0.8bn to spare.

I hope this helps for now.

"The Capital Markets Day is 12th June 2024".

Of course it is. I hope its my age! Thanks for the correction londoner 7.

I haven't heard any update yet, but not sure if António Simões has delivered the results of his strategic review? SP climbed this morning, but since declining from intraday highs as I write. Not sure if there's any correlation here, however unlikely? Any update would be RNS worthy me feels.

Not good for share prices unfortunately. Brace for a beating on the opening bell. LGEN has gone from a high of £2.57 to a low of £2.48 in a matter of minutes. This will be a good day for those looking to buy in I expect.

"There's enough predictable movement in this share to make this relatively straightforward, as stated earlier by others, this will likely fall by more than Divi after 25/4 so one can sell some in the run up to XD and buy back cheaper later in your ISA and also cover your costs, plus maybe a cheeky bit of extra profit to boot ! Doesn't always work exactly to plan and preferred timescale, but if you're prepared to monitor the price"

Last year being a case in question. Unfortunately for me, I can never get the timing right so won't attempt to trade this share. There's a 90% chance I'd lose!

Somebody has just sold one share at £2.54. I hope they made a killin.

I think I recall the SP being circa £2.51 around ex-div date last year dropping to £2.35 ish which is a drop of £0.16p. It then continued to drop to circa £2.26 in early May which represents a total drop of £0.35p. I remember kicking myself for not selling then buying back but then again, I'm useless playing that game. I'll probably continue to re-invest the dividend in more shares as is my original additional income at retirement strategy.

Is the none too insignificant debt that acted like a noose around its neck. Once this debt becomes better manageable, the stock should re-rate and hence, reward investors. Fingers crossed it's just a matter of time.

I confess LGEN hasn't performed well SP wise particularly versus it's rivals such as Aviva and Phoenix, but I guess that's why it has a new CEO. And that's why the strategy announcement on the 12th June is such an important diary date for us investors. We should learn the direction of the business moving forward, and hopefully, one whereby Mr Market approves. The SP continues to stagnate which means the same applies to its market cap. Surely, this will be a matter of priority that António Simões would want to address. I am aware that no more has been said regarding the consultants he has employed so no early signs. I'm guessing the dividend policy will remain the same, but who knows. The divi promise comes to an end this year so we await with bated breath what the next 5 Yr policy will be. Normally, growth comes at the expense of dividends so will he continue to steer the boat in calm waters as per the previous CEO or will he change direction? We've seen what a new CEO can bring to the fortunes of a business... just look at the turnaround with RR. We gould do with a bit of the same please Antonio albeit without any talk of burning platforms!

Honestly guys, I've learned the hard way, to never trust what a broker says, either positive or negative. Not worth anyone's time reading in my honest opinion.

Brokers are a waste of time & space.

Let's hope he doesn't waste any time on the job in hand!

RNS: "In accordance with such remuneration terms, on 20 March 2024, the Company granted António Simões the following conditional awards of a total of 1,229,642 ordinary shares."

This will be awarded in stages, but not a bad ol chunk of shares to compensate him for leaving a lucrative former job.

I'm sure he'll look forward to the divis just as much as we do, but my guess is, he'll want to strengthen the market cap of the company and in doing so, the share price.

In this next next qtr, we'll see.

If its sold before the June 12th announcement with a subsequent RNS, we may get a clue on what direction Antonio Simones wants to take the business.

You're very welcome to join the "Old Codgers" Club Cardinal3. The good news, is the club is showing tremendous growth, unlike our investment in LGEN! Te he.