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NSC Equitable Life. Hope you managed to extract yourself without any mva being applied. Never quite the same after Ken Wills retired. I am contemplating adding to my L&G exposure on the basis that when inflation and interest rates start to fall the dividend will become increasingly attractive and this should be reflected in the sp. Long term hold so I have little concern over short term price fluctuation. Of course, just my own humble opinion.
Interesting analogy. I started work in 1970, bought my first house in 1973, got married in 1974 (still married, yes to the same person) and built up (with a couple of colleagues) and sold a successful business. You might say I have been round the block a few times and experienced many economic boom to bust back to boom periods, housing market crashes and recoveries, rampant inflation, deflation, awful world events (you get the picture) What I have noticed of late is the shortening of the time periods between these events. Just last year, the housing market where I live was on fire and now it is in the doldrums. It would not surprise me at all if the housing market was soon back in recovery, current high inflation, cost of living worries and general gloom and doom were not reversed far quicker than might be thought possible. I have invested quite a lot of money in L&G and have confidence that I will be rewarded, sooner rather than later. Only the ramblings of an old(ish) man, kindly do your own research please.
I have a five figure stake here so, I too, want this to soar. My concern is will this become old technology before any meaningful money is made? I look back at postings from six months ago and optimism was abundant with much talk about a 30% increase due in the next week, or earlier. Things here just seem to drag on and on. I will be more than happy to eat copious amounts of humble pie if this roars away next week, but I think my diet is safe. Sincerely hope I am wrong. For now, think push bike. Fully expect to be battered.
NSC, thank you, but no apology required. For what it is worth, I was considering putting in another tranche to top up a six figure holding, but have decided not to do so. I am receiving c4% on surplus cash and, whilst this is not great, it is acceptable, for now. My opinion of L&G is that inflation will reduce faster than expected and the prospect of c9.5% yield will become increasingly attractive and this will be reflected in the sp which, over the next two years or so, will rise accordingly.. This may turn out to be a load of cobblers but it is my cobblers alone so please do your own research.
Thank you NSC. At the time, everything appeared to be in favour of investing. The directors and non-execs had recently made substantial investments (usually a good sign) the divi cover was at 1.7 and aiming for 2.0 and several fund managers were, I believe, tipping the company. For what it is worth, The Daily Telegraph Questor was also recommending. To someone with no real knowledge about the company, given the facts at the time, it did appear to be a solid investment. There was just something that niggled, so I did not proceed. However, the experience was sobering and will live with me for sometime. I am very relaxed with L&G and if the sp falls tomorrow then I will purchase some more. Thanks again for your insight.
Interesting posts, thankyou. I have a six figure holding with L&G and, at the current sp, it would seem sensible to top up. However, I almost lost a similar sum at Conviviality, but at the last minute I decided not to invest. Not wise to have too much in just one share. But, surely, L&G are different?
On the 09 May, I almost quoted Churchill: "never in the field of human investment was so much owed by so many to"---------- a joint venture. I have since topped up my holding and remain relaxed about my stake. However, my patience is being tested somewhat.
Despite selling out during the last rally, this stock owes me some money (me too, I hear) I will wait until the sp goes below 0.35p and then gamble a very modest sum in the hope that, once again, fear and greed takes over. At 0.25p, a gamble may be worthwhile? There must be very few winners here? Good luck.
Actually, I rather think you are missing a zero? £0.005 appears to be the price (or lower) Seems extremely low to me but I am now 100% out of this stock, so of no concern. Surprised though. I had thought I may well buy back in if the stock fell to the level when I last bought, but not now.
I topped up a few days ago. I should have waited. Not heard from Savvy for sometime? I am sure some investors would be interested on his views? I note, more buys than sells today. Whatever happens now, I am in this to the end, bitter or otherwise. Thankfully, I have sensible investments elsewhere.
Who knows?
Apart from the change of registered office, the CEO leaving and buying additional shares, I cannot see any significant news to justify such a sharp price hike over a period of a few days? However, fear and greed are extremely powerful motivators. Will it be fear or greed tomorrow? Good luck to all, whatever course of action you choose to take.
I agree, nothing more than a gamble. However, I have banked a considerable gain on last weeks numbers. I have not ruled out re-investing if I see sound evidence for the stock to continue rising. Was there not some pump and dump action which elevated the price the last time it rose to c10p?
On 17.06.23, I posted to say that their was some optimism to justify adding to my holding. I certainly did not expect the recent increase. In my humble opinion, there is insufficient evidence to support such an increase. For what it is worth, I sold out completely this morning. Good luck to those braver than me.
This is a gamble. At the moment, I do not expect anything to break. I thought I detected a bead of sweat on the poker player opposite me and decided to up my stake. I have always left the table out of pocket, and will probably do so again.
Kyler Hardy topped up at 2.0p per share. He, more than anyone else, knows the business. Very much an additional gamble, but I have topped up my holding. Fear and greed just might takeover here? Just my humble opinion of course.