As they still trade on a premium then find it difficult to blame the managers. The market has turned against growth. A problem that's difficult to predict without hindsight. Or my2penneth crystal ball!
Bought mine March 2020. Was up 126% a few weeks back now 80%. Painful! My legal and general march purchase look like they are going to overtake Smithson on share price gain!! Come to think of it with the dividend they have! Oh well the share price will recover.... eventually!
Robelo Supposedly it's inverse. Interst rates that is. But when they say that they are normally talking about car house etc. I don't think it relates very well to annuities. The bonds they hold are to pay annuities so they hold to redemption. Changes in the secondary market are irrelevant but do the bonds reach redemption at the same time as the annuities holders die? Or will they have to replace them lower yielding bonds?
Trouts yes selling day before. One lot in sipp. Not buying back taking money to put in isa, as won't have to pay tax on it. Second lot in Fund and share account. Selling day before (probably) buy back setting limit order at ?? (Not decided). Aiming to loose nothing ie cover costs plus dividend. It will mean I can't take the equivalent (to the dividend) out off sipp without paying tax. Pushing my luck but suspect legal and general will fall for a week or two after....hopefully. Will use all the money to buy back hence have a larger dividend in the future, hopefully.
I have always thought the spread is excessive. I noticed at the top of the page only 12 trades Friday? There are plenty of companies of the same size with much narrow spreads. Is it reasonable to assume its a product of poor liquidity??