Member Info for Tambo210

Eckie8 - If LGEN Is a long term hold, does it matter, unless you sell now? These events iron themselves out. If the stock dips further, and the next dividend payment enables you to buy at a lower price (say 230p) and then some months later, the sp appreciates back up to 240p..haven't things smoothed out?

You look at a 5 year growth chart of a stock, rarely would you look at small dips (like from 257p to 247p).

Flavius - Drilling is not cheap. More expense to spend some of that liquidity. WIth offshore projects, it takes a while to go from spending money on development, to turning on the taps and filling proverbial barrels of oil to sell. Land-drilling is cheaper and quicker, just not the right stuff (unless Venezuela or Candian sands)

Drilling is necessary to keep revenue flowing, but it doesn't come for free.

I think TLW agreed its contract at the recent height of drilling where prices were high ($475k/d for 1yr). Day rates have come down a bit since when they signed the contract with Noble.

In any case, Noble Venturer should have been on-site since May.

Its a careful balance of spending borrowed money and getting money flowing again.

One of the things that erks the general public is the lack of transparency especially when it comes to project timelines and budget.

Does anyone think its crazy to expect montly resolution of how much something costs and weekly reports on progress on Government funded infrastructure projects? I can't find anything on HS2 other than a 6 month review and even then , its light on detail. Internally they must have tracking of progress and spend to that level (C'mon Mark Wild......please tell us that's true)

In the private sector, we have to provide updates on projects weekly. Any public listed company provides updates every quarter (US).

On a project such as HS2 with a planned spend of close to £100bn, why can't we expect this tax-payer funded project to report weekly with tracking updates and reasons on why targets are missed? Its being transparent. Gives credibility to the governments ability to run such large projects. Teams are held to account.

Projects where you employ groups of subcons are notorious of overruns. They don't have a great track record of working togther. The egos within the teams causes friction. How things are billed is a mystery. (Daily Telegraph reported how one subcon has recently been sanctioned for fraud).

Before spades hit the ground, many millions are spent without due care by the departments on who's providing that funding.

The UK is simply getting worse with building projects. Too many things are allowed to get in the way. Either stop building and let the country fall apart, or don't get in the way. The French manage it due to Napoleonic law.

Baywater

Posts: 35

Price: 254.60

No Opinion

NOT SUREToday 11:14

Do not know what to do sell or keep this share up 13k since purchase at 178 - share keeps rising but for how long

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Nothing wrong with taking profits.

Robleo

Posts: 3,591

Price: 253.60

No Opinion

RE: SP10 Jun 2025 16:45

I'm definitely not complaining, but what is going on guys, all of the high dividend insurers are flying when around this time of year they are usually dropping down, could it be investors are moving out of US tech stocks and into high yielding UK dividend shares, even the house builders are making gains

or am i totally barking up the wrong tree

That's the rationale I've come up with. Impressed with the longevity of this run. I was trying to correlate Trump's barking with UK stock high dividend stocks. Investors have appeared to look for safety in UK stocks. When Trump is quiet, US growth stocks seemed to reverse losses, but UK high yielders were still holding strong and rising..So not black and white.

BTW @robleo.....I still haven't bougth back LGEN :((( Sitting on a cash pile earning peanuts in a HL cash account.

The BofA review is awful....just proves how worthless analysts are.

They're basically commending PHNX, but then say, "well...well...well....but bond yields are near 5%....so they're not attractive"

That applies to every dividend player.

LGEN is rising today.

BofA review smacks on the verge of desperation. Basically trying to pull the stock down to buy more.

SO THey lose some $119m in Gross Profit every year after this transaction closes (due to loss of revenue)?

Retirment

"I will be richer in retirement vs when I was working due to paying no TAX."

We always pay tax in the UK....VAT.

(Just being pedantic. I know what you mean.)

I sold out at 247.042p at 15.08 on Thursday. I'm happy with the gain I've bagged and looking to re-enter at 231p or below. Will wait a week to see if it dips below 226p to bag an annual dividend (reinvested)

Good luck whatever you decide.

Jnkeir- "Thanks for the reply, always think the time I sell it will fly up so always end up holding but hasn’t served me well"

Have you made a profit? With any dividends collected over the time of holding, have you done better than a cash ISA? If so, then you should give yourself a pat on the back. No shame in taking a profit.

If you simply bank the dividend, then your cost avg declines everytime by the dividend amount (hopefully in an ISA). So depending on how long you've held, you may be well in profit. If you DRIP your divi, you get more dividend everytime (compound). So again you sort of win. 243p is not a million miles off 248p (~2pc).

Sunshinedesserts - I should remind you, that any opinions/strategies shared on this bored should not be treated as gospel. We don't have crystal balls and know exactly how things are going to pan out. Most of us have spent years if not decades doing this and have made many mistakes......simply change the plan never the goal...

So please do you due diligence and do what's right by you.

Sunshinedesserts - "@Phyl do you know what day the auto reinvestment goes in?"

https://group.legalandgeneral.com/en/investors/retail-shareholder-centre/dividend

Phyl - If I was approaching retirement, I'd agree with that, since the stress of watching these market isn't fun, especially when not your day job. I'm 48 so I'm trying different things.

BTW, its always my intention to reinvest. As I've said on other yielders' MB's, I sell before the XD date, and then buy back if and when the stock drops by the dividend amount (a little more to cover fees) or more based on market conditions. I buy back with the same amount I sold before XD (less fees). SO in a way I'm compounding. With MNG for example, I sold at 218p and bought back at 198p. Yes, its lower, but I reinvested earlier than receiving the pay sometime in May. Same too wih PHNX. Sold at 572p, bought back at 509p (fluke purchase I might add) and now trading at 570. Pay date for that is May/Jun or something. SO I have on these occasions managed to buyback sooner and perhaps at a better price than when you'd receive the dividend months away.

sunshinedesserts - "@Tambo - have you decide your buy price after XD, and would you be willing to share that price?" .... I won't buy immediately, I'll hold out a few days for the dust to settle. Buying back 22p lower than what I sell at would be a nice cherry on the cake. Otherwise 16p lower than what I sell at.

Agree that $120m is a better outcome than nowt!.

$1bn+ was anton's prediction.....Comedy gold.

Welcome to "Doing business in Africa!"

Robleo - Wouldn't something have to break within the next 9 days for interest rates to be cut? I don't see that. MPC will vote in May. The US economy still too strong for interest rate cut their too. Trump needs to crash the economy not just the markets.

Have to say what's clouded my decision is the strength of the pound vs USD.....Impressive. Not because the UK is doing better, just the loss in confidence in the US. That's why GBP vs Eur is still at 1.16 and not say 1.21.

Even my Phnx shares after selling at 571p before ex-div and buying back at 509p 5 or so days later (same cash amount less commission and tax) is back up to 573p....That was never in my crystal ball. I was expecting that in June sometime.

Stuck on this one. I've set a sell limit at 246p with expiration on day before ex-div. If I miss out on gains beyond that, then c'est al vie. Still done nicely from 210p price I bought at last year during a freak drop momentarily.

These high yielders shouldn't be traded like this, but when it hits your own personal targets and we've experienced annual dividend drop off on the days after ex-div, I wanted to try this strategy this year and see if I can bag a little extra.

GLTA! LGEN defo strong here for now regardless of my views.

Anyone planning on selling before it goes ex-div and then buying back (hopefully at less than the dividend soon after)?

Its reached my sell price of 241p already with still 9 days to go.

Cheeto face make for a very volatile market. We're in a 90 day pause. Tariffs on Pharma and tech to be announced.

Walp - I agree with LLL you decide what's best for your future with regards to investment.

Previously I'v been negative towards SMT, but they changed their weighting somewhat to something closer to what I would hoping and bought stocks that aligned with my understanding of what SMT stood for.

The current volatility is down to the Cheeto pasted buffoon as POTUS. Either he doesn't understand what he's doing and can't be convinced or he does regardless of advice, and then chooses to ignore it so he doesn't look more foolish. Check out the value of his and his wife's MEME coins just for a laugh.

Regardless, I do believe we'll see a rapid turnaround. Despite him running maybe the most powerful country in the world, I do believe there are other's who can collectively bear down on him and sway him...they just haven't cracked yet.

Smoe big companies are being taking down to silly valuations at the moment. Once the weak hands disperse and you're left with those holding based on fundamentals, money managers will buy back in. Won't be quick owing to Trump's uncertainty, but will happen. I'm at least 17 years away from retiring (though I'm sure that goal post will be shifted when I get to 65), so drip feeding my pensions at these levels and buying units in OEICs monthly is a once in a lifetime chance for me. I recently bagged a full year's worth of dividends in PHNX and MNG within a 7 day period of going ex-Div all thanks to Trump. So depends on your horizon. I was able to do that, but if I had retired, I probably wouldn't want that stress now.

What I am curious about regardless of stock prices is how the World order will shape itself. I do feel the US is alienating themselves against the World, and personally there's no reason why the RoW can't trade freely amongst themselves without the US. On Radio 4 this morning, they asked the very same question and stated that 14 % of global trade is due to the US. Non-negligible, but can still be massaged out. Canada has a lot to offer us. Trumps's belief that he can bring jobs and manufacturing back to the US is nuts. They don't have queues of people waiting outside factories ready to work. People don't fear losing their jobs. The US became too expensive to manufacture. As well, the quality of American made goods in some respects is questionable, especially high volume. Look at Tesla made cars. The build quality is shocking if you've ever owned one. I test drove one and have to say it felt like a step backwards. Yes, they're a powerful brand, but ride comfort for that price? American made cars don't sell well in Europe owing to failing stringent safety laws and how they drive and look. We don't aspire to owning them.Work ethic is awful (Britain take note!)

Good luck in whatever you choose to do.

"Yes I agree, widespread turbulence is almost inevitable, but I am not sure that there is lasting damage being done to M&G?"

I think we may see a negative consequence for the next 6 months trading revenues and AUM's as a result of trend which has been going on since Trump came into power in Jan '25, so what they report in Sept or whenever may fall short of what they predicted in the last ER.

But I doubt this is lasting. If anything, if the managers at M&G are proactive and clever, they would be seeing this as an opportunity to adjust funds and spend any cash on hand. For dividend stocks, today is a once in a lifetime op if you have dry powder.

What an opportunity.

Sold entire holding at 572 day before ex-div, set a buy limit of 518p with a 30day expiry, and it filled this morning at 509p.

One year's worth of dividend collected and DRIPed in less than 7days.

On to LGEN...Bit tricky this one.

NW92

Posts: 27

Price: 195.30

No Opinion

RE: 205p....2 Apr 2025 14:22

I think this has further to drop tomorrow once Trump makes his big announcement tonight. Target price is 189p

You just got it Grasshopper!