Member Info for Tom78

The Reuters article on the news tab also gave a good explanation of what happened if anyone has not read it.

I agree plus should be raking it in these market conditions but the shares are under pressure. We could do with another one of those 'ahead of market expectations RNS' trading statements that we have seen in the past.

Good value for the buybacks at least! What a shambles

Infrastructure shares like this are seen as a bond proxy because of their stable yield over time like a bond. Since the budget the pound has slumped and UK government bonds (gilts) have been sold off heavily causing the yield on them to rise over 4% in some cases. As government bonds are seen as less risky than infrastructure shares the shares have been sold off to boost the yield to make it more worthwhile holding than a bond.

Regarding scrip, I always take my dividends in cash and invest it where and when I want.

Not now I think surging UK bond yields have whacked this

Over time yes but sudden drops like todays oil price are cased by traders on the oil market. Worldwide oil usage will not have changed much in the last 24 hours from the day before.

Market meltdown today and everything is getting whacked so unless you can predict the future you have to use your best judgement at the time!

That would be great, £12 would give me a small profit. Can't see it happening really in this world environment unfortunately but would love to be proved wrong.

Large short positions are not always right and from here I would say most smart shorts would have closed considering how far this has fallen. Shorts maybe closing today cos of ex div tomorrow 27.44p.

I notice today and recently the London listed shares are trading about 30p light compared to the South Africa listing for the exact same time and using the the exact ZAR/GBP rate at the time form Yahoo Finance. It used to be pretty much spot on 1:1
I always took it than when both markets were open the Johannesburg market was the leader and London just followed.

Dividend conversion rate is announced if any one missed it:

Shareholders holding shares on the UK register who have not elected to receive their dividend payment in US dollars will receive the dividend payment in pounds sterling and their dividend will be converted from US dollars to pounds sterling at the rate of one US dollar to 0.867679 pounds sterling.
Accordingly, the amount of sterling payable in cash on 27 September 2022 will be approximately: 4.980477 pence per ordinary share.

I never take any notice of them. Financial research experts Boatman capital said Thungela resources shares were 'zero value' when anglo spun them off for £1 in 2021, the shares now change hands at over £18. Glad I had some for £3.

Optimism over the Liz Truss energy giveaway perhaps? This will allow the well off who could afford to pay more for their bills to keep funnelling that money into investments (hopefully for us HL) and assets while ballooning the national debt. It will also keep those on the breadline above water.
I hope we don't have a sterling crisis in the near future, then again crisis? what crisis?

I always use dividenddata and find them to be spot on. The dividend is quoted as gross, so you will need to adjust for any wht payable.

I noticed that as well and thought hang on a minute isn't that Haleon now? I suspect most of the non share owning public have never even heard of Haleon.

I thought the last results were ok and am a bit surprised how quickly it has fallen since the positive reaction to them. The market is simply valuing the shares at a much lower level now than before, with a lot of factors outside of Hills control such a the energy price shock and very high inflation.

Currently trading in SA today at 356 Rand equivalent to 1804p so up slightly on Friday's LSE close.

I take it you are no longer holding then Porche?

Lgen follows the ftse250 more as it is more of a domestic stock tied to sterling. Sterling is getting trashed dragging a lot of domestic shares down.

Good luck to your son. Pru is a very different animal to the one you would of invested in years ago, as now it is solely Asia and African focussed. Since the divestments of the UK and US interests it is still a work in progress with a the new CEO replacing Mike Wells not yet in the seat. My money invested here in the last two years has really been dead money with a pittance for a dividend and huge fall in sp since the start of this year. I wish I had sold up in the £14-15 and gone elsewhere, as I have too many insurers but that's my fault. Current share price may offer a good entry point.