Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'm in DLG for the yield, also MNG And LGEN. I understand the motive for being invested in these shares and it it so disappointing when the SP tanks. There are two other shares I hold with high yields, DEC and IMB. The SP of each of these has traded in a narrower range of late and the yield on both of them is well above 10%. Not only that but the yield on DEC has strengthened because the divi is paid in dollar which is at a record high against the GBP. DEC is in the business of gas production. Now there is an open secret about IMB which I will share: The yield is quoted as approx 7.7% at the current SP (ref dividendmax website at 2/10). However IMB pay double the amount of dividend in Dec and March so if you are invested for the next six months is 50% greater than the % yield quoted. Before anyone says I am 'ramping', let me have a good laugh and remind you that it is highly unlikely that my opinion on a message board, written from the backyard of the backwoods is unlikely to influence the direction of the SP of any FTSE 250 company! I am posting this to share my experience with fellow dividend seekers. By the way LGEN has been great for me too and I did top up in the last few days and believe it will recover in the new year. I see IMB as a great divi play given above, depending on your timeframe. My opinion only.
DenFos you picked up at a great price. IMO it will be into next year's dividend season before we see a significant uplift in SP. I'm nursing an 18% loss on SP. Too lazy to calculate my loss if I include divis. I'll hold for the next year and see what happens. It had already been hammered when I bought early in the year.
Icandc, I am exactly in the same position. I held very little cash for bottom fishing. It's a lesson learned. When things stabilise, I have decided that I will keep around 25% of my portfolio in cash for 'opportunities' like this. The problem is that I don't know where the bottom is and can easily lose more money on paper. I topped up at 221 and 216 in the last 2 days and I'm losing money on paper. Confidence in the UK economy seems to be in a downward spiral. Just as well I'm here for the long term and don't need my money for a few years.
I added yesterday at 2.21 and today at 2.19 (gosh I could have done so much better!). Even through the pandemic this was one of the few companies that continued paying dividends and recovered quickly after the drop. LGEN has been a solid performer for me. It is now my largest single holding. I am not recommending that anyone else does the same thing. But over the last 4 years or so, it has always recovered. I know it will be well into next year by the time I see profit on my investment. I am resident in Ireland so the sterling drop adds to the attraction. Just sharing my personal experience.
I'm in Europe. So bought in again at 12.60ish based on market pessimism re sterling and PSN reflected in SP and sterling. Might be wrong again but bought at a perceived low for UK. May be further depths to plumb. Do not envy me; I sold at a big loss at 16.50 ish.
I see Friday's fall in sterling and FTSE 100 as a vote of NO confidence by the market in the UK economy. I have a bog standard pass degree in Economics and even I know that deflationary monetary policy by B. of E. is a complete contradiction to Truss's inflationary fiscal policy. Maybe I have to back and do a refresher course in Macroeconomics 101.
Dodgy-knee, I totally get that but it's difficult to explain that to consumers who are baying for blood! Saying; "It's just the way the business works" just won't cut it! Theoretically, they could and perhaps even should pass on some of the excess profit to consumers. I have no agenda here, just thinking it through. After the windfall tax on BP etc., it seems logical to do the same to Centrica.
Thanks markshaw. How can they justify then increasing prices for the consumer, given popular and political furore?
Can anyone here explain how CNA are making supernormal profits even when they are paying top dollar for gas? Not invested her; I know little about the company.
tom48. No. FTSE down 0.5%, BP down 1.5%, SHEL down 0.2% GKP down 8%. Something else is afoot.
Lostinfrance, that is not a reliable trend. In fact I haven't observed that in the last year or so. Have a look at SP on the last XD date as a case in point.
Bear in mind that the next two dividends are typically over double the amount of the last two. Could drive share price higher in the short term.
No dividend. I'm out util March next.
hubstein, I am also thinking of selling now as I am around 20% up excluding divi. And buying again after the ex divi drop. You are right to say that it is a matter of strategy. In conclusion, I think I will sell half in the hope of buying in a lot lower. I don't need to sell for about three years or so. I think that gas price is big news and will propel the SP upwards. So yes, I will sell half my holding if it continues north tomorrow.
Hi, I had more or less written these off a couple of months ago but now I see here it is possible to get a paper share cert. What steps does one need to take to get this?
Jatw, you have great understanding of this company. Thanks for your insights.
Jatw, you have a much better understanding of the business that I do. Can you explain how Financial Reporting Standards (IFRS) could result in a loss? Is this merely a reporting variance or does it reflect a real loss? Either way, market seems upbeat on results.
Hi folks, I see next ex div date is 18 Aug but it has not yet been declared? I've checked in the usual places and can find no info re the dividend amount.
SD235, as you are curious, at today's value it's £16k. My second largest holding after IMB. In a pension fund. Not money I can blow away on holidays!
Careful; some people on this board may have a couple of thousand invested and others over a million. It's all relative. I don't disclose info about my wealth or poverty.