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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
Sidi, it looks like those second chances you were looking for may have arrived? things are looking up again
good luck mate
Garonne, was not advice of course, just my own personal thoughts and hopes which i often get wrong, but thanks anyway my lgen shares had some disappointing results yesterday and share price dropped and my aviva shares had good results today and rose, it's some you win some you lose at the moment, hopefully inflation and int. rates will drop and give everything a dose of steroids
good luck
Garonne, stay cool mate only you can decide whether you think this is worth holding onto or not, it's very easy to get influenced by other posters, nothing is going to happen here overnight that's for sure, maybe in a few months time things maybe looking better, personally i'm hoping this can get up to around 90p so i can sell some off, will that happen i just don't know, i'm just hoping it will, it is at a very low price at the moment so i'm betting there's more chance of it going up rather than down, more fool me perhaps, we will see
I've been getting around 80% growth on my international funds over the last 5 years, with my shares some are in profit and some are in loss, i know which direction i'm planning on going, but first i need to get shot of some of my disappointing shares, don't want to take any more loss on them than i have to though
Average, most Fi will advise you to be prepared to be invested in a share for around 5 years, what they can't tell you is which 5 years or what share, anyone that's been invested here over the last 5 years will have lost a lot of money and the problem is, we don't know for sure what the next 5 years will be like, it's all a bit of a gamble and that's upto everyone to decide for themselves