Member Info for Tom78

Hit 707p just now and recovering, can’t see any news?

Got back in this morning @ 133p. I originally had some but sold all of them last December @ 220p and have been mulling over whether to re invest. Seems to be motoring today.

Costs rising though, an extra 10 million put by for bad debts.

Yes, happened to me with HSBC went ex div and still didn't pay. However LGEN did post an RNS intending to pay so if they don't then their reputation will be zero in the city for a long time. Ex div is this thursday.

Had mine with H/L. Some brokers may take a day or two to sort it out between all the holders from a pooled nominee account.

Agreed. Definitely one of my better investments. I bought all my Rio back in 2016 during the commodity crash and haven’t sold one share yet.

Prudential payment date is not until 15th May

Q1 trading update due tomorrow. Will be interesting to see whether the market has already fully priced in the expected increased revenue. Lets hope it's not one of those sell on the news days, if you are long that is.

Q1 trading update due tomorrow. Will be interesting to see whether the market has already fully priced in the expected increased revenue. Lets hope it's not one of those sell on the news days, if you are long that is.

Well you are getting your wish today Matt, LGEN the worst performer in the FTSE100 today. Barc and Lloy dividends gone for 2020 will this be next?

I've badly burned on tobacco (pardon the pun) in the past. Maybe now is a floor on the share prices GL.

I know what you mean. Lets hope they don't pick on the insurers next as I have a lot of LGEN and PRU and nursing huge losses there, thank heavens for PLUS !

Really can't see it here sheltie. Banks are essential for the economy as they were bailed out last time. Plus is more of a casino on the side running its own book.

Hi Mark yes the divi has been pulled under pressure from the prudential regulation authority. The shares had already gone ex div and the payment is not going ahead. They should have allowed payment of this dividend as they are forcing the bank to welch on an promised payment.

Well the cash is still retained by the business so the share price should grow as its cash reserves grow. Of course if the business performs poorly as everyone under the sun thinks we are heading for a deep recession, they are in no pressure to borrow to tide the dividend payments over as the aren't paying any.

As soon as it is reinstated the price will likely shoot up, but can't see it for a while.

I would think this is safe as it’s not a bank and not liable to be recued bycthe state if it gets short of cash. As an hsbc shareholder I am fuming about it, anyone would have thought comrade Corbyn was in charge.

If they do re domicile then thats a lot of lost tax revenue and employee taxes lost to the government. Hardly what is needed with brexit looming.

Agreed. To cancel a dividend after ex dividend is little more than theft in my book. My only saving grace is I unloaded quite a few before it went ex div, but for people relying on this money its a real kick in the nuts.

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Well done on reducing your losses so well. I hold IGG and PLUS which are offsetting some losses but not enough. Infrastructure holding up reasonably well, but my biggest drag are insurers and some investment trusts. The only trouble with these spread betting companies is they do well at times like this but the revenue stream is uncertain, due to most of the times markets are not so volatile and increase gently over long periods so you can be badly burned with a poor update if overexposed.