The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
"I sold a six figure holding in L&G last October predicated on the unrest in the world and other factors"
That's a tasty dividend in absolute terms you gave up...
Holding could have been anywhere between 100k and £999,999.99k.
I'd be losing my nut if the latter!
Nicknaim - I'm in the same boat as you. All my divi stocks in the last couple of weeks have been resilient in holding their ground ex-div.
I could just top up my MNG and PHNX holdings and wait until they rise 10pc from here.
Agreed LGEN haven't stayed elevated at these levels for long, especially since we're in that silly season of 'sell in May and comeback in October'. Could be wrong this year.
PS : Anyone know what happened at 10:10am? fat finger? Bit of a sharp spike down.
Fair points, except the risks of selling before XD and hoping to buyback at a price lower than the dividend was declared by numerous people. I did that this time (not bought back in yet) and for the time being, it looks like I've missed out.
But I've done this for 3 years in a row and profited very well.
I certainly wouldn't advise anyone to follow my lead. Each to their own. What I've achieved in the past is no indicator of future performance.
Antonvb - I'm too afraid to click on those links....Can't afford to risk malware.
You do know there's serious flooding in Kenya at the moment? Just go to the BBC site --> News --> World --> Africa.
With that, you believe they're going to announce a positive deal with tlw?
Deutsche Bank initiates Oxford Nanopore with 'buy' - target 190 pence
Totally agree Broomtree.
Different companies. Despite the 7%div, Nextstar is vulnerable to the vague IRA shennanigans in the US. Solar companies are struggling owing to over capacity in China and poor efficiency...
Its worth a punt, but I certainly wouldn't put a similar portion of my savings in NESF as I do with MNG, PHNX, and hopefully soon LGEN again.
PRetty sure the FED will hold rates at 7pm UK time (decision quite unanimous) and the commentary will be that inflation is still stubborn there, especially given recent numbers. No clarity on when the FED will drop rates, raising doubt over a 25bps cut this year.
Stocks will tank there, and then tomorrow FTSE will follow suit.....
If it transpires, then I get a full year's worth of dividend (after commission and stamp duty) having sold my LGEN holding for 251p a few days before exdiv......
Let's see if I get this right. (BTW...I tend to miss out on further drops after I purchase shares, so anyone waiting in the wings to buy...... I'd wait until after I purchase......and you'll get a better price based on track record.....:))) )
Jefferies cuts Harbour Energy price target to 350 (360) pence - 'buy'
Look on the brightside, at least their stock doesn't get reverse split due to a delisting notice as PACB in the US will.
They took a hammering yesterday after they've been edging down over the past few weeks. Hard to deny there wasn't a leak.
Still solvent, but PACB in volatile territory.
This has been rising steadily since Oct '23
Still believe its underappreciated. I don't think investors actually understand their business and the importance of the materials they produce...
Perhaps I'm missing something regarding the underlying management or Balance sheet. Sure they have leverage, but they have been paying debt down.
Pulled the trigger and bought 1679 shares of this at £5.026.
Wasn't going to hang around for 2p.
Have a good weekend.