The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
It's a high quality problem to have. You will be getting a good bump in asset value compared to previous valuations. What you do with it from there is up to you. Despite withholding tax and lower dividends, my US shares have performed far far better than my UK. ones.
The Terry Smith video showed globally, own labels have had no impact in 10 years. This may be about to change in the West with inflation/interest rate/high tax impacting many of us. As he commented, his own grocery bill shocks him now (doubt it is a rounding error on his wages). What better way to help mere mortals than going own label. A wider metaphor may be the rise of Aldi and its impact on the big 4 supermarkets.
What really annoys me is the big 4 trumpeting "Aldi price match". What better way to highlight your fiercest competitor when you should be leading the way and the one to be matched!!
Lynch will have some impact as a major shareholder. If, as often happens in the US, a major fine is issued to mitigate additional prison time, a lot of shares may hit the market. I wouldn't trust an American jury to find an English defendant innocent, they will be biased towards their own US company, HP and probably anti wealthy upstarts to rival Gates.
The market is not logical, so whilst the product facts may be great, the sentiment will not be if guilty. Once past that however, hopefully the tarnish fades and the £10 can be seen in the distance.
Rothers, MNG is one such for 8% plus. The issue is reliability and longevity LGEN has exhibited over the years, even paying out during Covid, when Gov tried to shaft us for their own ridiculous reasons of wealth distribution, away from so called rich shareholders. We had Nigel Wilson to thank for that, he stood firm whilst the wet rags at Aviva, lloyds, Barc etc all caved and withdrew the divvy.
Presume this has to go to a vote so it's 25 top shareholders with 70% of the shares that will decide the fate. No idea of timescale, do I stick to see if a better bid and to collect the small divvy or do I twist? Either way, having averaged down from a nasty little tranch bought at £2.70p, it's a high quality problem to have, I now have a small profit on the cards at this price.
Won't a decrease in interest rates or expectation of them in May, raise not lower the SP? Thus I can't see why this would dip to the low levels mentioned although I'd gladly scoop some up at sub 130, although unlikely?
Lower until an interest rate cut I suspect. Shock needs to be absorbed to see direction and if it's thought a good strategy, as another poster mentioned, I'd rather have TW.
Placed a speculative trade to try and make a small cap gain of a few hundred to offset dividend loss, would need 500p to make worthwhile. Otherwise will hang until the market improves.
Well I have a long way to go having got caught in the enthusiasm a year or two ago at about £29 a share. There was of course the big divvy which has now been shaved to an inch of it's former self. Wondering if best course is to dump the lot and roll into TW which seems a better run outfit??