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Well it doesn't look like the announcement of buybacks/Italian sale or next years dividend reduction has done much to boost confidence in this share, so what are everyone's thoughts on the Final results on 14 May 2024 are you expecting them to be good or bad
cheers
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Longtimeinvestor
how much do you think these buybacks would increase the share price
I suppose it depends how long you intend being invested here, in the short term probably zero
So for anyone like myself who just wants to see this rise as quickly as possible i suspect it will be of no benefit whatsoever, I suppose it depends on how rewarding you think this investment will be in the coming years or not, each to his own i suppose
Garonne, I've worked out a good formula for analysing all these goings on, if the share price goes up it's a good thing if it goes down not good, unless of course your one of those investors who just wants it to go down so you can buy more, so can only speak for myself as i just want to see this go up, 90p would do me to sell off my last batch, so let's hope it's a good week
not had Guttersnipes prediction for next week yet, maybe he will have a look at his tealeaves later on
but best of luck
Good morning Soton and Phyl, proper old codgers share this one lol, but reliable is good
I have a few shares that are usually in profit that i want to keep hold on to, that's lgen/aviv/mng/and poss. Lloyds
The plan is to reduce some of them to around 5 or 10% of my portfolio and hold around 60 to70% in funds that i can draw down on when required, but before achieving this i have a few dog shares i hope i can dispose of at some point
will be watching how high these shares will rise before exdiv before making any decisions
best of luck all
Phyl, yes i share those concerns plus the fact the sp is lower than it was 2 years ago, of course there are many reason for that, the main reason i'm being a bit cautious here though is taking into account what you have just mentioned and the fact that Lloyds and lgen are my two largest holdings so thinking of trimming them both back providing i can do so at a good price
I suspect i may be a bit older than yourself as i'm semi retired and soon to be fully retired, interesting though that you say your holding this in an isa, for myself i have these in a sipp, so after the first 25% tax free will have to pay tax on any further withdrawals, i do also have an isa for other tax free withdrawals
best of luck
That's very true, there's always a chance i will regret it, maybe i should be looking for a higher figure min 2.60 and if it doesn't get there just hold, was thinking maybe just selling half of my shares, don't you just hate it though when your showing a nice profit then suddenly it's all wiped away
decisions decisions
If this reaches £2.55 i think i will be selling some off, sp not been doing so well here the last few years, and got a feeling this will drop back around 2.20 a few weeks after xdiv, also it's a bit of a concern when a new CEO takes over
but could be wrong, If inflation and interest rates drop may be a different story
what are you guys thinking ?
Garonne, I hope you don't mind but I have to tell you something mate, i think you are doing this all wrong, you should be wishing this down to 60p then 50p etc. and keep adding regardless, all you have to do then is keep collecting dividends for about 20 years then you may break even if your lucky, who wants to make a profit anyway, that's so boring you will only end up spending it on luxuries like holidays booze and women
ForensicBloo, your not alone in thinking like that , I accepted some time ago that i will never get all my capital back here, but any increase from this current sp will be welcome, it would be good just to see this heading towards 80p for now
Garonne, some people will never accept that they have made a bad investment and they are losing money, some long time investors,myself included just keep on telling them selves this will get better, but unfortunately instead of getting better it has kept on getting worse year after year after year, I really don't know where this one is going, I'm not sure you can point the blame on any CEO, the reality is it's just been a bad industry to be invested in, maybe because of the expensive infrastructure costs and the fact it's a very competitive market, not helped by inflation and higher interest rates
The only thing i do know for sure is it hurts having to sell at a big loss, I really wish i knew what to do for the best with this one, my biggest fear is if i sell the share price will rocket
Hi sidi, this is the time of year you have to make some difficult decisions, i confess i'm an expert at making the wrong one's that's guaranteed, so what ever i say do the opposite, i'm convinced someone has put a hold or sell curse on me lol
mng at a year high/lgen possibly heading for 60p plus/aviv currently at 467,70 and Lloyds making it's way to 50p again
One thing i don't have to think about is Vod, maybe if i live to a 100 i may break even on that one
Best of luck my friend what ever you decide And good luck to all mng holders