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Last year they issued an update on 28th July. I haven't seen any mention of an upcoming date, but would assume around the same time this year.
It kind of makes sense, each transaction obviously has a buyer and a seller on each side. If the price was struck below the mid price the impetus or compromise came from the seller, above the mid price, the buyer pushed for it to happen. Not an exact science I agree, so it shouldn't be used as an indicator in a trading strategy in my opinion.
Oh, it HAS gone over the 450 mark... I know 'cos that's when I bought in! ;-)
£3 or £3.50 are possible. At £3 the yield would be 5.85% and at £3.50 it drops to around 5%. Still not a bad return compared to other options. Also, if LGEN can continue to increase the dividend pay out then the SP should rise accordingly.
A share in the blue on ex-dividend date? When the rest of the market is very red? Nice!
I guess what's bad for the customer is good for the shareholder eh? To be fair, they have little option but to compete for new customers using the same tricks as pretty much every other insurer. It is infuriating to have to attend to it each year though. Hopefully we can return to a situation where you choose an insurer based on a combination of service level and price and can then stick with them knowing you are not being ripped off. Kind of kills the price comparison site business model if other industries start having to do this too!
DLG certainly do price walk, I've recently renewed with someone else because of exactly this issue. A 9% increase quoted for home insurance. I admit I must be a terrible risk having handed over thousands for various insurances yet never made a claim on any of them in 30 years. Tough industry!
Yes, LGEN seems to be caught up in the general market dithering. Hopefully the inflation fears will lift soon and we'll get dragged along on the overdue rise. UK markets still seem to have a nasty Brexit hangover compared to the rest of the world!
While they are not paying a divi, this is not a good investment hold. In the absence of a divi only a rising share price makes it a worthwhile investment and given the market judgement on these results, that ain't happening soon!
I suspect the next update will be decisive one way or another. We'll all be patting ourselves on the back and congratulating our stock-picking skills... or we'll be shaking our heads in disbelief wondering where it all went so wrong. I've only ever had one share go all the way to zero, but I'm getting that nagging doubt here too.
I fear that a lot of investors are pretty cheesed off with the SP of GSK. Many of them are nursing losses and if the share price does eventually pick up, there will be lots of individuals dumping them as soon as they get to break even. This could make progress very lumpy in the short term. A decisive move upwards however may convince them that things have changed and they may hang on for more.
Stocks that don't make a profit or don't pay a dividend are usually punished by the market in the face of rising inflation. Personally, I think the inflation worries are overdone - just think back to where the world was a year ago, are you surprised to see price rises from such a low point? So, I've put my money where my mouth is, doubling my investment in IQE at 48p today, giving me an average of 54p. Here's hoping that these inflation fears blow over and that IQE's next results deliver some good news!
In a Barclays ISA or SIPP it is £6. Hargreaves Lansdown are about £11.95 as I recall.
Surprised to not see more chatter here with today's stellar rise. With a move like that it suggests that somebody somewhere knows something, which is good news for the rest of us who are kept in the dark! Hopefully the start of something big and not just a one day phenomenon.
It wasn't me!
5% today enough of a dip for you?
Well, these buy-backs are going well!!! between 50k and 400k shares purchased daily and the price keeps slipping downwards. Where on earth would the SP be without this artificial support? I'm now well in the red on this share, not a situation I envisaged given their business sector and low Covid-19 impact. What will be the trigger to force the market to re-evaluate this and put it back up towards 340p?
Your comment on the pound is slightly concerning as for the last 20 years 1.40 to 1.70 has been the most common range for GBP/USD rate. The reasons for the lows post Brexit vote will ease over time and I expect it to get back to that 1.40-1.70 range in the coming months/years. UK business needs to get back to thinking of that as the norm when trading abroad.
Finally after averaging down twice I'm back at break even with GSK. So people think this is the start of something big or are we just establishing a slightly higher trading range that GSK will bob up and down in for the next 12 months? If it's the latter, I'm tempted to cut and run... This has been a thorn in my side for a long time now!