Member Info for Thronegames

seenitdoneit and ro55fay; does this imply I should sell now at 1628 and wait for the next ex dividend drop to get back in? I can't be bothered. My counter-argument is that the SP may recover to 1628p sometime mid next year. Tell me I'm wrong?

I am sceptical about the buy back strategy. I think cash should be used to pay down debt where possible. I suspect the buyback strategy benefits those at the top of the organisation through some convoluted accounting rules. I'm being cynical of course. I suspect the guys at the top are lining their pockets at the expense of shareholders who want a better share price and an increase in dividend. Just my perspective at the moment.

Yes Pig, I am in LGEN and staying as I am with IMB. What an inactive message board for such an exciting share!

CapPig you live and learn. I've never tried the dividend dodge trade but I have tried dividend capture strategy. That is buy in advance of large final payout, take the divi and sell, using the proceeds to buy another share with a large final and so on. I tried this in 2019 and got mostly stung with a few gains that kept me encouraged. With IMB I am just going to hold on, take all the dividends and hope that the share price remains around my purchase price of 15.85. Are you still out of IMB Pig? I understand your fustration.

I'm surprised about JP Morgans' prediction for a low iron ore price. Looking at the chart, it looks way over sold in historical terms and due an upward correction. Any good news out of China will support this. Of course who am I to differ with JP Morgan. Does anyone else have a view on this?

Does anyone else notice that Google gives a false closing price for shares? I can get three different prices after close: Google, LSE and Yahoo finance.

SP seems to have bucked the negativity today and I don't understand why. Can't find news to explain it. Any opinions?

Wow CapitalistPig, 64% cash is a great place to be right now. If I have anything sitting on deposit, I get itchy!!

Anyone have an opinion on what the oil price and BP SP will look like on Monday? Red or blue? What are oil futures looking like?; I have no access to that.

Well here's my theory for what it's worth. The disproportionate ex div drop happened in the past because there was a downward trend in the SP during these periods of time. Therefore, investors were effectively queuing at the door to exit but thinking "I am going to take the dividend first and then sell". Then on ex div date there is a mad rush to sell. But there has been a recent upgrade of this stock so the queue to exit today has been shorter and the number of investors sitting in armchairs has increased. I am one who has decided to sit and adopt the armchair strategy. Mind you, I was tempted to sell at 1620 yesterday. Naw. I'm too lazy. I'll take the dividends. My gut feeling is that this share will climb. But how would I know?

The UK market has no cajones. They wait until the U.S. markets open and decide that a share has value after all ;- or not. Just look at the chart and what happens at 2.30 p.m. every day. So the USA calls the shots on FTSE 100 listed companies, it seems to me. B.P. is not the only example of this.

Looks like you did well to get out at 1620. If that trade works, I will be looking to emulate it coming up to the Feb ex d. Is your plan to buy back in tomorrow or will you wait a bit longer?

jump from red to blue a while ago?

5532mr, I will watch with interest! Good luck with your trade!

As discussed by others here before, I did a quick calculation based on selling at 1595 today and buying back on Thurs at 1490. This assumes that there will be a drop on Thurs equal to two times the amount of the dividend. But taking into account stamp duty and trading costs, and the loss of the dividend I decided that the potential small reward was just not worth the risk. Now if it drops to low to mid 1400's on Thurs I will have made the wrong decision! Time will tell.

Take a look at the miners; RIO, BHP, AAL, they've been paying high divis and have been hammered a bit recently. Also EVRAZ is worth a look. Al IMHO.

Has anyone ever tried the following strategy? IMB's quarterly dividends from Nov to Feb are around twice the amount of the other two quarterlies. Other high-yielding shares such as MNG, RIO, LGEN and BHP pay Final dividends which are 1.5 to 2 times their interim dividends at different stages during the year. So by switching between each of the shares which have an average yield of let's say 10%, you get an average annual return of let's say 17% on the shares. Now before someone grabs me by the neck, I KNOW the risk to capital of such a strategy; the tendency for the SP to drop on the ex div date, trading costs, bid -offer spread and stamp duty. The biggest negative impact on capital seems to be the ex div drop. But if one continues to hold the share for let's say a month or two after the ex div date, the SP should recover? If the latter were not the case then after multiple ex div drops the share would eventually be worth nothing. So I was thinking of setting aside a sum of money and testing the idea over the next year or so. For example, buy more IMB now; after ex d Feb , sell sometime in March ; buy LGEN before it's big Final before it's ex div on 14 April and repeat by selling LGEN and buying BHP in early Sept for its outsize final div payment - then back to IMB in Oct. The strategy exploits the uneven payments of dividends. Has anyone here employed such a strategy and if so, how has it worked for you? I'll post the same question on the BP board, where I know many dividend-focused investors contribute.

BlahDoh. You say MNG has a "a compelling rate of return, possibly unique on the market?" Maybe you're right. But check out IMB where the next two quarterly dividends are over double the previous two. Annual Yield at today's price just over 9% but given the double amount of next two dividends paid over a 4 month period, it's an incredible return over that period! I've made the decision to add MNG to my portfolio on Monday. Looks tempting to me at this price. Was going to add more IMB but cigarettes, like Big Oil are not well loved by the market.

Can anyone give me a quick idea about the reason for the rise? Without using phrases like "I have a feeling" or "I think that..." I've been here for a long time. In the plethora of messages I cannot find the reason for the rise over the last two days. TIA.

But no RNS. So WHY? Can anyone enlighten me?!