Member Info for seen_it_done_it

Sorry, I have posted this on the wrong BB. My sincere apologies.

Highest finish for the day, and the highest level that we haven't seen for a long while. Will it carry on rising to reach my target £2.40 or even £2.50? Or will it come back down again just like always? Let's bring on to tomorrow to find out then. Good luck everyone and enjoy your evening.

Bank of America has downgraded PSN to neutral with the PT £15, but after the initial fall, PSN has fought back strongly to finish the day in blue. Let's hope that we will see it going back to the 1480's or even 1490's tomorrow. Good luck everyone and have a nice evening.

You got it wrong denby. It's not Evergreen. Evergreen is Taiwan's shipping company. It's Evergrande, China's real estate giant, lol.😂😂😂

Link please, anyone? Thanks a lot.

Thanks to China's stimulus package. ATYM is enjoying a good rebound. Or is it because of we are getting nearer to May? Or maybe something to do with the copper prices?

That's true robleo. Inflation and the interest rates, also the Ukraine war, Middle East conflicts, plus the Red Sea tension too, are the main factors weighing on the markets and LGEN's SP. So, all eyes are on these factors. Hope that the worst is now over. For God's sake, at least the Middle East situations and the Red Sea tension won't escalate.🙏🙏🙏🤞🤞🤞

Well, does this mean that there will be no last year's drop? In that case, I probably will need to hold my fire then and observe the situation first. Don't want to sell and have to pay more to buy them back, also miss the dividend as well. 😂 😂 😂

Yes stevebt, just like LGEN and MNG, AV often dropped like a stone after going ex-dividend, not long to wait now, hahahaha.

I know Gary, it has not always worked. I also have sold my AV. at 415. Now it has gone up to 430+. Need to wait until it drops back again before I can buy them back. So is HSBA, lol

Yes robleo, I have looked at last year's chart of LGEN. Indeed it has peaked on Mar 7 at 265.8p. It started to fall all the way from Mar 8, the results day to Mar 17 and reached the lowest point at 226.6p, before its recovery to the day before ex-dividend, on April 27 at 253.00p. Then dropped again on the ex-dividend day to close at 235.00p, a fall of 18p on the day compared to the 13.93p dividend. It continued to fall slowly for a whole week until May 4 to close at 224.10p. A total fall of 29p from the day before going ex-dividend, and the fall from the day before the results was 41.8p.

Well, it does seem that LGEN offers good selling and buy back opportunities. Provided that if it will repeat last year's pattern, lol. 😂 😂 😂

Thanks robleo. I'll take a good look. Cheers mate!

Hey robleo, HL is charging you £24 per trade? I think you have to change to a new broker then. I am with LLOYDS Direct investment. They charge £11 per trade, but I am a frequent trader. So I only pay £8 per trade. My second broker is Jarvis. They charge a flat rate of £9.95 per trade.

Well, if I sell my LGEN and buy back, then I'll have to pay 0.5% stamp duty, cost and spread.

0.5% of £2.70 = 1.35p. spread about 0.1/0.2p plus buying and selling charges = £16.

The total would be under 2p per share. Therefore, if the SP drops 2p more than the dividend, then I can buy my shares back with no losses, and it had dropped a lot more than that in the past many times. 😂😂😂

...and good luck to you Eccles, if you are going to do that.🤞🤞🤞

Good evening robleo, I said I am thinking of doing it, not definitely will do it, lol 😂😂😂😂

It's all depends. Hope that it will go up to 270 before it goes ex-dividend, then I'll definitely do it. Enjoy the rest of the weekend mate and goodnight.

...take a long 'time'...

Hey thriller40, what were you talking about? M&G don't have department store. Are you sure you have come to the right place?🤣🤣🤣🤣

Well, my past experience tells me that every time after going ex-dividend, the SP dives, dropping like a stone and would take a long to recover or never recover. Therefore, I am still thinking of jumping ship before it goes ex-dividend, then buy back later when it falls back, lol.

But this is not a recommendation though. Please DYOR. 😂 😂 😂

...bought them 'back'...

My average was 1236.5, but I have sold them when the SP has gone up to 1475. Then I have bought them when it fell back to 1401. Bought with the money from the sale and got an extra 82 shares. I did the same thing with TUI and got 444 extra shares, which help me to earn an extra £1k of profit.

Sell and buy back is risky but it's well worth it. If you time it right, then it will be profitable. Of course if you time it wrong, then it probably will cost you a lot though. So, this is what we called: you win some and you lose some.😂😂😂