Member Info for sidge2222

The company has modestly increased its dividend while prioritising a robust share buyback program to boost stock prices and drive long-term growth—a focus investors have long demanded. Balancing these priorities is no easy feat, but the strong results signal a bright future. Onward and upward—best of luck to all!

I've been doing the exact same calculations today. This must surely be the cheapest stock in the market right now!!

It wasn't long ago that this share was trading above 90p. Since then, the fundamentals have strengthened, and the directors have recently provided an optimistic outlook. With any luck, we should see a significantly higher share price in the not-too-distant future. GLA

I’m struggling to understand why the share price is taking such a hit. The fundamentals remain strong, as highlighted in the latest update:

Assets under management grew by 4%.

Basic EPS attributable to shareholders increased by 4%, reaching 2.58p year-on-year.

Profits after tax rose by 5%, amounting to £5 million.

The firm also launched a €1bn infrastructure fund in the first half of the year, marking a key milestone in expanding its asset management offerings.

So why the market reaction? Could it be just because of the tone of the report?

Jan Witte, the CEO, acknowledged that the first half of the year posed "challenging conditions for an FX manager" due to reduced divergence in global monetary policies. He also pointed to "additional geopolitical uncertainty," particularly the tensions in the Middle East and a slew of upcoming elections worldwide, which have created headwinds in emerging markets.

It just feels like an overreaction. I’ve been topping up, hoping that we’ve reached the bottom and that a rebound is on the horizon. Here’s hoping! GLA

Hi All,

Apologies if this is a naïve question, but I've never been in this situation with a stock before.

Am I right in assuming that if I hold onto my shares, they'll automatically be sold during the buyout and my investment platform (HL) will just put the money into my account?

Thank you

@gotoutjustintime that's a good point mate, thank you for that info.

I'm hoping that HL will cap their funds as well, that would entice me to deposit more. Atm, theres a great US equity fund and a global fund which are 0.1% and 0.14% through vanguard. So with their 0.15% annual fee, my total fees are only 0.25-0.29%. Then ofc they're also capped at a certain amount.

The ETF/share/bond holdings are much better at HL, it's just the £12.95 dealing charge that keeps eating away at my monthly top ups :/

HL's fees are too high tbf. I use them a lot as I really like their platform, however, I mainly deposit in vanguard now as you can get good funds for much less - plus, they have annual caps whereas HL just keep taking more and more from you as your investments and loyalty to them grows :/

Not the best results. Never good when profits and revenues are decreasing, however, historically, we do tend to see a much better second half performance.

The B&Q deal looks promising. I think it's also important for us to remember that they're heavily investing in growth at present. Therefore, the profit decrease doesn't seem as dreadful.

Reasons given for profit reduction make sense:

'Investment in transformation to support Velocity strategy

Kazakhstan joint venture performing behind the record performance in FY23, also impacted by dollar exchange rate movements.

Higher interest rates.

Increase in the corporation tax rate'

So, definitely not good to see a decline, however, maybe the 46.2m EBITDA is a more accurate representation of future potential?

In hindsight, wish I sold two days ago and bought back in on the drop - never mind, looks like I'll be in for the interim dividend then. Good luck everybody

I was thinking about topping up yesterday at these prices but I missed the deadline. So strange that its taking! If we take off the tax right off from the last trading update, the company is making a good profit and is considered really cheap.... quite worrying that it's dropping so much.... not too sure myself tbh, the fundamentals look solid and analysts are also predicting significant future growth. gla

This is where I'm a bit confused, as, the div has increased from 3.5p to 4p, however the SP is now 356, not the usual 70-80p range...

So, we usually work out the div % by dividing the dividend (4p) by the share price (356.6) = 0.011 x 100 = 1.12%

So 1.12% is the interim div yield

So in total for the year, including the final div, would be 5.4p/356.5 x100 = 1.5%

Not great really.. Please correct me if I'm missing something.

Agreed. Very surprised at the initial 12% drop this morning, but I suppose that’s going to happen if we’ve sold at a discounted rate to Cenkos. Nice to see that the SP is already bouncing back though.

The 6/12 statement due soon will see a big uplift in the SP. I’ve topped up heavily at 131 earlier. Should hopefully be about 160 leading up to ex divi imo. Gla

Ignore me, I did buy ex-div and I'm now getting booked in for a dementia assessment. Apologies.

Hi all, could I just get a bit of noob advice please.

I have 2301 units held with LnG in my HL account. The final dividend was 13.93, so am I right in thinking my dividend amount should simply be 2301 x 0.1393 = £320?

I'm just wondering as the actual amount I received is £248.93 so I'm a bit confused.... (I held all the units prior to the ex-div date btw)

TIA

People are taking profits after the good news. SP might dip slightly before a fresh rise starts, imo.

Hi SJB,
Honestly, nobody knows where this, or any other stock will go, we can only make predictions based on updated trading statements and general economics.

My own personal research suggests that this is a solid stock to hold. I've personally held after the updated trading statement as I would hope that the SP has more growth - time will tell. I'm hoping for close to £7 and then I'd potentially sell. I bought in at about £5.40.

Good Luck

Quarterly profits almost doubling is not underwhelming! Neither is the increased dividend!

Yeah, that makes sense. I suppose the recent director purchases are a good sign for us though. Fingers crossed the upcoming results are good.

I wonder if this is the reason for todays 8% drop?

Any idea why the SP is currently down 7.5%?

HL paid on the same day. I'm sure mine even came in before noon.