Member Info for SD235

Note ALMOST all the sector is on big discounts.

That's based on the assumption that interest rates and therefore government bonds, will not rise significantly. REITS and infrastructure being bond proxy's.

Get_rich_quick

The best place to get all information on offers is the company site.

Exdivided Date 18th MAY.

Dividend 1.425p

Lazy should have checked date and dividend before posting

NAV 111. Management except offer of 80p. Doesn't follow that shareholders and in particular institutions will accept the offer.

I believe LGEN is shareholder.

No option of shares in new company cash is the only option.

1.45p dividend to go exdivided on the 19th May (need to check that date)

Any other dividends paid will come of the 80p offer (according to Civitas site).

Should the offer fail the 80p, should be a support price. Initially I would expect a significant fall.

If the offer is voted down, i don't know if they will or can come back with a better offer.

Sold for a 30% gain yesterday but might have been worth waiting to sell the day before exdivided. Assumption being it will rise the day before and fall exdivided.

IF I was at a significant loss I would hold out to see how the vote goes.

BlackRock recently offered to buy industrials REIT for 3% premium on its well out of date NAV.

Completely different sector I know.

In the case of Civitas is there another company out there that would be interested in buying?

nicknaim
Oh god humour!

"It's the wild optimism about 280+ that sets me off"

Prior to covid it went to 320p, post covidit it hit 310. Profits are considerably higher now.
Anyone who defines 280+ as wild optimism should not be investing. The inability to see past the short term means they are simply mentally unfit to be investing in the stock market.
Get a building society account.

nicknaim
"I dont think the pandemic was self inflicted !!"
I think you might be wrong there, well at least some people believe your wrong.
Okay they are called nutters but all the same you should keep an open mind!!!

"Trickytree5
A vanity project by Mr Wilson CEO.
Shame that jobs lost ,
L & G should concentrate on its expertise & NOT be pioneer in building sector"

I believe they were the first into modular homes, so not a vanity project. More a no choice if you want to reduce costs and hence make more profit.
As an aside how do you know it was his idea?

zac0_4
"GMAN12 - " . . . maybe investing isn't for you. Give it to a fund manager to do it for you . . ."

Isn't that considered investing? Some of my best returns have come from fund 'investing'!"

What are you burbling about?
Clearly he is telling the prick to use a manager to invest for him.

280 + by the 25 December 23....or the next working day.
If I am wrong and you are stupid enough to invest based on my prediction then you should move you money into a building society. In particular that applies Andy the milkman.

Caseload
"I'm quite surprised that they developed the modular housing division themselves (if I understand it correctly) - i.e. they are basically running a house building business within LGEN...."
They also own a posh house builder.
As they are building house to rent and this is cheapest/most efficient way to do it.
Upto now it has been loss making but the losses are meaninglessness compared to there profits.
Its considered the future for house building, so I consider it worth the risk

Andymilman
AKA Troll
Go away and bore someone else.
Your views like yourself are worthless.
What you can't quite grasp is your talking down LGEN on this site and all the other sites you frequent has little or no effect. Nobody is listening to you.
If I thought LGEN was going nowhere I would sell and put the money elsewhere.
You claim you can't sell at a loss, the behaviour of an idiot. My advice is get a building society account.

Andymilman
Troll
Go away and bore someone else.

NervousNelly
"Of course its dropping. I bought this morning.
Always drops when I buy. It's one of lifes certainties.
I think WB really based his entire investment strategy on selling just before I buy"

Please inform us when you are about to buy

pboughton
Are there 2000 banks in the US?
I am excluding there version of building society's.
You can include them if you want.

If continues to fall I will have to sell something.
I don't believe bank runs will effect LGEN in any significant way.
Differing opinions appreciated.

The yeild is the dividend as a percentage of the share price you bought at.
You are using total returns and calling it yeild.

Zac
You clearly stated yeild.
So your measure is wrong.

zac0_4
If you bought at 212p then your yield is 9.13%.
Your view is wrong.
Buying at 166.06 gives me a yield of 11.66%.
Yeild is based on what you paid for the shares .
Obviously

Cardinal3
And showing no inclination to rise.
Last 2 final exdivided dates had a pronounced drift downwards after going exdivided.
I would have thought the present fall would be sufficient to bring in lots of buyers.
No sign of them yet?

This would normally be an excellent time to buy.
For every 100p worth of assets you could buy them for 80p. So it follows as they sell of the assets you will eventually gain 25% plus the dividends in-between. Also the loans are floating rate and the interest rate they are charging has risen from 10.5% in December 2021 to 13.8% now.
BUT
40% of the assets are shares in unlisted fintechs. With no controlling stakes. I would buy at a fire sale price only. Not sure how they are going to get a decent price for the them.
Probably why the share price hasn't done anything.