Member Info for Thronegames

So I sold about half my holding today at 19.82 .But only on the prospect of buying back at a lower price in the near future. I am taking a chance that, with the two 'big' dividends out of the way and inflation cooling, IMB has little to support the SP in the short term. I may have made a mistake. Let's see! Just my personal opinion, no advice intended!

The drop in Thurs seems to relate to some negative news re competitor BATS which fell around 5% on that day. IMB dropped around 2.5% but seems to have more or less recovered. Can't remember detail re BATS and I'm too lazy to look it up!

Thanks Trek for your analysis. I still don't fully understand the implication for the SP of this dilution but your thoughts are welcome.

Thanks for sharing that encouraging bit of news, Trek. I remember a similar placement happened a couple of years ago and I was singularly unimpressed. However I vaguely recall that the company gave some reassurance that it had no intention of repeating this exercise in further acquisitions. I have a question for more experienced investors:

I don't understand fully the timing mechanism for the issue of new shares. My question is: Ceteris paribus, is 1.05 the lowest that the shares will trade at? Forget all other market forces; will the share trade lower at a future date in March as per the RNS? Or is this news already baked into the SP? I can live with 1.05 in the medium term even though it puts me under water in terms of my average purchase price of 1.12. I've been a net gainer due to dividends accumulated over the last few years so I should not complain! I'm still disappointed at the decision to make an acquisition by issuing new shares. I think many might decide to sell when we see 1.20 again. It's something I would consider but I can't see where else I would get a 10%+ yield.

kentio, between funds and individual stock holdings, LGEN is about 8% of my portfolio. I am thinking of adding more. I should have known the obvious buy point at 2.52. The SP keeps testing 2.60 and I will probably buy more at that price.I'm also a potential DEC buyer at 1.11 and IMB at 2020. RIO is also an option to add for me at 6150. Also Asia and China in my pension fund. Best of luck. My opinion only . TG.

Tambo, they've done the same with LGEN today; i.e. cut the price target. This is due to the SP falls we've seen in both LGEN and MNG over the last two days. They don't want to be seen (Berenberg) with egg on their face, touting a high share price. I think MNG and LGEN are very similar businesses. Correct me if I'm wrong. Imagine relying on the advice of these 'Analysts' for investment advice!

Unfortunately I failed to buy more today at 1.13. I'll have another look on Monday. Probably too late. The SP seems to track the price of gas, regardless of hedging.

I delved in again at about 15.4p yesterday. I regard this as a complete gamble. I had made a substantial return on ARB last year and I'm hoping to repeat. Apart from value of BTC, are there any other factors or economic indicators I should watch? For example risk-appetite indicators such as the VIX and Nasdaq index? Asking other holders here - do you see this as a gamble or an investment?

Thanks demar and kp, I may just stick with RIO!

I'm not a holder here but looking more closely. Anyone have any idea why the drop today? Haven't seen any news to drive it. Also looking for a reliable measure of % yield, I'm getting different numbers based on where I look.

If you want exciting, go for AMZN, TSLA, NFLIX where one could have lost a small fortune over the last year. LGEN is a big chunk of my portfolio and defends me against the volatility of my more risky shares. I know there is some downside risk here too but LGEN has been like a rock for me over the last few years and 7% yield (even more based on my purchase points) is bonus. Also bear in mind that it has hit 300p a couple of times in the last 2 years or so, so so there is also the potential of a 20% upside here. Unless the narrative changes I am holding long term and using dividends to continue adding. All just my opinion based on my experience.

HocusPocus I have no understanding of TA and a basic understanding of charts. But I don't dismiss your contribution. However can you explain to a philistine like me: WTF is a golden cross in terms of LGEN? I'm not impressed by the complainers about the SP. The final dividend next Apr / May is very big compared to the interim. I'm very happy with a average 7% annual return on my investment. Also as the final div > interim, It's a higher return in the next six months. Gimme a break, this is a great share to own.

Trek, do you think there is a positive correlation between the nominal price of natural gas and the DEC share price? I know there is a non-causative or at best a tenuous relationship as DEC hedges gas prices. However, from just eyeballing the charts, gas price peaked at 9 in late Aug and DEC peaked at 1.40. Since then, the nat gas price has been falling and so has the DEC share price. For example, gas price up by 6% today and DEC up 1.5%. Is there a level of ignorance in the markets that should be considered? DLG drop yesterday was followed by a drop in MNG and LGEN - even though the latter two have no exposure to home insurance? Interested in your opinion.

Agree paul30661 , I've decided to just take this loss on the chin. I have no reason for holding with the dividend scrapped. Sold 5 mins ago! Maybe I'm wrong but I just can't see a reason why anybody would consider this a buy right now.

Yes Loaf, I have a few divis coming in over the next few days and will be using to buy another small amount . I plan to continue doing this. Other big favourites of mine are IMB and LGEN. Reliable divi payers. I add when I can.

Is this company in administration? Is there an investment case here?

Trek, I've an investment here and I'm up about 7% on capital gains alone. Dividend income for last 2 years or so on top of that. Can I ask your opinion re price of Nat gas down c. 8% today and DEC SP up 1.5%. Obviously not directly correlated due to hedging. Do you agree there is no correlation between gas price and DEC share price? If so, what do you think is the catalyst for SP moves; the FTSE, for example? I have in mind the strong positive trend in SP over the last year. I am asking you as you seem to understand the DEC business a lot better than I.

redlse, thank you for your excellent analytical work here. How do you interpret the last figure of +12% in 2022; seems to buck the trend? This share has been sliding for the last decade. Do you think the +12% in 2022 reflects the positive sentiment recently? I am sitting on a capital gain of about 20% here on top of my divis based on my most recent purchases in the last two years. I am considering selling out while significantly ahead. Excellent dividend is pushing me to sit tight or reduce at the moment.

Thanks OWLS. Where can I find a SMA chart for any share? I don't use charts i my investment decisions and maybe I should.

They raise their 'target price' when the previous target price seems too low to be believed. Nothing to do with value. These analysts haven't a clue, just responding to trends and zero to do with 'analysis'. If LGEN hits 280 before next ex div date, they will raise their target price to 300. They are 'overweight'. Overweight slobs. The hilarious thing is that the market reacts to these predictions.