Member Info for Tambo210

'Morgan Advanced Materials said headline revenues had fallen 6.4% to £1.03bn, down from £1.1bn, or 3.3% lower on an organic constant‑currency basis, reflecting end-market weakness, notably in the semiconductor and European industrial markets, wh'.

weakness in one of the hottest markets over the last 2 years...Semis???

I think they sell ceramic substrates for the semiconductor space....but still, this doesn't look good. They need new management who can pitch this company in real growth markets and tap immediate revenue. Automotive is lagging with flagging EV adoption, but there are other markets for ceramics.

'Full transparency- I sold part of our SMT holdings today.'

Hi LLL.

Are you holding it as dry powder, or transferred into something else?

Just started a transfer to IG Index. HL doesn't work for me. Not paying them to waste my money.

I'll find out in a few months if it was a bad idea.

DaveC55 : There's a lot of chatter elsewhere regarding this update and a lot people are considering the move away from HL.

So they may have shot themselves in the foot with this move, unless it was intentional.

Thanks BagIT.

Looking over the last 12 months, I usually pay 16pcm on ~95k holding. Curiously I didn't get a fee deducted in June or Dec last year. If my shares account for ~50% of that holding, Then it would seem I'd be liable for that £150cap up from £45, and then the annual charge of 0.35%.

They've dropped the dealing charge, but not s low as III.

I'll wait until after the March '26 fee goes out to decide.

Anyone here with HL as a ISA holding platform?

So am I right in thinking whilst they dropped the annual charge from 0.45% to 0.35%, they raised the cap on how much they charge for holding shares from £45 tto £150? It all blends in so you don't notice unless they break it down.

What other platforms do people use? I don't trade very often. Buy/sell perhaps 5 times a year.

Tbow112 : Problem with MGAM is :

1) They've been hit by some issues such as currency and spending on cyber attacks (though last one is their fault for remaining vulnerable)

2) As a stock, I really don't think investors understand them or what they do.

3) Marketting is weak. They don't put themselves out there.

They work and operate in a sector which is in need and very necessary. Ceramics and carbon markets are nt going away.

They're generating a billion in revs annually, yet their market cap is 700m.

Best wishes to all and hopefully any AI pull back is benign.

Best wishes for a solid year of dividends and some growth.

If not growth, then more opportunities to buy more at lower prices.

Happy 2026 to all.

'e pension, however i have to say lgen has been amongst the most disappointing with regards to capital appreciation so far, so i guess it depends on what price you can buy in for'

So just on that point, if instead you took that LGEN divi and DRIP-ed it back into LGEN shares, your dividend income would grow ...which is another way to look at growth. Rather than being disappointed in LGEN growth, I've been surprised by MNG and PHNX growth. I'm hoping its found a new floor, but happy for it to fall back so I can buy more at a lower level.

'Right to win' is just comedy gold.! They used it so many times.

No. At a guess, I would say to convert their share of the market (SAM)

Anyone here watch the Strategy update?

Can't say there was anything revolutionary about it. They still sounded sullen. Nothing to excite wanebee investors...

Have to agree with JMAX.....Sit it out for now. I'm underwater (consciously), but no point selling.

Oil will drop lower with any follow through on Russia and Ukraine (Bad deal IMO).

Gotta wait a few years for oil to start rising again due to demand uptick.

I hope TLW can secure drilling at more favourable Drillship rates of

She's pushed the budget out as far she can. She did so to 'hope' market conditions would improve and she'd have more wiggle room.

'Hope' is not a way to run the country.

The speech was necessary because she knows she up against the wall.

The country is not performing because she's hammering the private sector. If she cut Welfare spending, Public sector spending, and Public sector pension contributions, she'd have more approvals from ratings agencies.

She doesn't know how to run the finances of this country. Even if she raises income tax by 5% across all bands, she would still come back in 6 months or 12months and paint a gloomy picture.

RBC raises Legal & General price target to 210 (200) pence - 'underperform'

Tax receipts up 7%? That sounds too good to be true. Spending up ...sure...but I thought they were more than 10% higher

WHo's buying at these levels?

Waiting on some PHNX and MNG dividend in order to top this up to a nice round number.

The company is postioned in the right markets. Just poor execution and doesn't seem to capture the correct market share/opportunities. Are they being pushed out of certain markets by more aggressive competitors?

They shouldn't be quoting inventories as a sticking point (last ER). I couldn't find what inventories at Semi's is clogged.

Not a great piece of news, but based on their track record, Im not surprised.

Don't understand why inventories are sticky and they're not being flushed through. Is there competition preventing customers from exhausting MGAM stock?

Still not convinced sales and marketting are pushing their products.

The ceramics industry isn't dead. Its slower than anticipated, especially EV related products, but not dead.