Member Info for Tom78

The divesting of M&G and JXN has shrunk the overall size of Prudential and now the biggest dividends comes from those two. The Asia focussed strategy is still a work in progress, but the update today seems positive.
The only good thing about really M&G is the dividend as the shares were spun off at 220p years ago and below that today.

My position is even worse than 34% down but one saving grace is I have not added on the way down! Even talk of winding up SMT and returning the NAV to shareholders should be a massive embarrassment to BG. It is clear investors do not believe the NAV figures due to the unquoted businesses valuations. Maybe the darkest hour is just before the dawn, I certainly hope so.

I guess it is just the way it is. I have had shares here since 2017 and there have been some crazy days. I think it is still viewed as very risky yet still seems to keep on making money. As shares are continuously bought back the the eps will rise meaning the shares should rise even if the p/e stays the same in theory.

you can sell on ex div day and get the dividend. That is why on open the shares will be marked well down because they no longer qualify for the dividend payment hence the lower share price. Any shares bought on ex div day will not get any dividend hence the lower price, there is no free lunch.

Last Friday it had a very good day when everything else was not, so I guess it's just normalising until we get some more speculation.

The £45 per year HL cap on ISA fees only applies if you hold 100% shares and investment trusts. If you hold open ended funds as well you are liable to pay the ongoing charge whatever it may be as a % of the value.

There should be a trading update soon so we should get some clarification on how things are going.
Both CMC and IGG have had huge drops on their most recent trading statements so I think the market is being extremely cautious here.

I remember that one WPCT. Had them but luckily sold out over a pound before the Woodford crisis unfolded and the trust collapsed in value. It was taken over by Schroder with ticker SUPP and is still going but shares are 12p with a 60% discount! and we thought SMT was bad...

Discount is at 9.7% on NAV 165p last quoted. Hasn't been like this since the mini budget or covid. Wish I had sold more at 165 now. Any ideas, UK gilt bond yields are still less than yield here 5.5%

Trouble is there is a lot of negativity everywhere, look at banks, insurers, oil companies - all have had massive declines in recent weeks and not recovered. The old will we / won't we have a recession has everything very jittery.
With historical poor transnet performance people may think we won't even be able to do 10.5MT and coal price could decline further to $100 or lower- then we really are in doggy doo doo. I certainly hope not but the market is pessimistic right now.

I've know them drop intraday bombshells before, it was some years ago but it did happen.

Hargreaves lansdown have not paid mine yet, they are a little tardy converting foreign divis these days. I don’t think I will be adding any more of these as I also have lgen, mng, pru which have all been worse than some banks of late. Too much in insurance and financial stocks, my own fault of course.

Certainly taking a big beating today with more than double dividend drop. As soon as the US opened it went straight down, any ideas?

I don't know I would have thought the shorters would have been looking at it when it was +£14 if they were smart.
The value of assets should put some floor under it, however with the recent board bust ups undermining confidence and true valuations of the unquoted stuff we do not really know is putting the discount around 18%.
At the moment all of my trusts with growth stocks are running on historically huge discounts so this is not alone.

March last year £1=19.15 ZAR now March 23 £1=22.75 ZAR. That's 18.8% increase in £ to ZAR.
Current TGA.JO is 19,577 / last March conversion 19.15 = 1022p. 19,577 / 22.75 = 860p. This is lowering the London shares and reducing the potential dividend we receive.
So not only are weak coal prices hurting, weakness in the SA economy in general is as well. Hoping for better news next week!

Maybe they should all be paid in SMT shares, no cash. That might sharpen their minds to do something about the appalling discount.

I suppose now we will start to see who was holding those Credit Suisse AT1 bonds that have been wiped out and will get less than shareholders in an unusual twist of fate. A lot of nasty worms to come out of the woodwork yet.

It seems life insurance companies are getting sold off worse than the UK banks by far.

In all the years I've had numerous shares doing endless buybacks, it's hard to figure out whether they have had any material impact on the share price performance because there are always so many other factors going on which have bigger effects.
Right now confidence in any financial type share is shot to pieces and no amount of buybacks can change that.

0p haha