The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
So DEC begins trading on the NYSE & this crap gets thrown up !
Nothing more than a SCAM so American investors can pick up DEC shares on the cheap & earn a small fortune in Dividends.
And the Amricans think China & Russia are corrupt !
After buying in around the 2500p mark, i'm happy to add every month in my ISA at these levels.
BATS has money rolling in & the dividend looks safe. IMB is my largest holding at the moment ( i bought those during the pandemic slump & am happy to hold those).
I'd expect the SP to rise as we head towards the two bigger dividend payouts & the downside for IMB is that it buys back less shares for the same money. It's a shame they didn't cease the buy backs at 1750p & then use the cash saved to pay down some debt.
Then if the SP drops again next year = buy back more shares at a lower price & repeat the cycle once again.
After looking through some income funds & their top ten holdings, i came across a fund run by a very respected manager that happens to have DEC at around 2% of it's holdings.
Can it be all that bad & is this SP just horse sh*t ?
@stargate after falling from highs of around 800p, disastrous news is mostly priced in to this trust. Better to be buying into China when prices have crashed than missing the upturn or buying in near the top.
I just keep adding monthly in my ISA as a way to build my holding.
I'm also steering clear (as much as possible) of the U.S, as it's overvalued IMHO & Warren Buffet thinks it's around 45% overvalued (he should know).
Ignore the trolls, doom mongers & just buy the dips.
It's better to be buying Lloyds at around 40p than it is to buy them at 55p.
Plenty of decent companies in the ftse that are undervalued and are paying decent dividends too.
This is just another ftse company suffering big drops for no apparent reason.
Plenty of ftse shares to mop up that are suffering with a depressed share price & still paying out decent dividends (That look totally sustainable)
LGEN has comfortably made enough profit to pay out a rising dividend & even made around 1.2x of what's required during the pandemic year.
Unless they were looking to buy out another insurer for tens of billions, I can't see any reason for them to cut or cancel.the dividend.