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Obviously can't give "advice" but if it were me I'd be considering whether such a concentration in a single stock is wise. The company now is probably quite different to 10 years ago, and it's culture, practices and performance will likely change again after the merger/takeover. I'd be tempted to take the money and reinvest in either funds or index trackers (if you are risk averse), or a selection of mid to high yielders (as it sounds like the divi is what you're after). The likes of LGEN, PHNX, MNG keep cropping up on these boards as peoples favourite home for this kind of thing. Obviously, use up unused ISA allowances to keep any income tax free.
I guess in summary, I'm saying don't be wedded to the investment just because of some emotional attachment to the company you used to work for.
Good Luck in whatever you choose!
I've always taken the view that you have no profit or loss until it is crystalised, and once it is, that trade is over. If you happen to take out a new position in the same share, the whole process starts again. Using your previous figures to calculate an average might make you feel better, but doesn't really reflect your current position.
So, better than expected but still worse than the US figures which caused such a drop yesterday. It's still a tough fight, I hope Bailey and his MPC cronies learn from this and maybe react a little quicker next time. Transitory indeed!
I went to the pub at lunchtime and bought a pint of Peroni. I paid £7.35 for it on a credit card and was very happy with my purchase. Now I discover that the same pint of Peroni is available in a pub half a mile away for £6.95. This blatant profiteering is outrageous! Am I owed compensation?
It's crazy, isn't it? Look at a graph of FTSE100 from just before COVID plunge. We are pretty much back at that level today. Then look at a chart for the S&P500 for the same period. The difference is stark! We are floundering at the same level and the S&P has gone from 3,400 to 5,000. How dumb am I for scrabbling around in the dirt of the UK market to get a return when I could have just stuck it all in a US index tracker. Will there be a reversion in the UK at any stage? I can't see what will change in the near future to bring that about.
I've been adding here. Contrary to a lot of people commenting, I'm very happy to invest in an organisation described as "woke". This to me just means that the CEO has an awareness of the world we live in, values human capital and is kicking back against the old boys club that has been stuffing their pockets and periodically crashing the markets for the last 50 years. As Christine Lagarde said, if it had been Lehman Sisters rather than Lehman Brothers, maybe that particular institution would still be around!
Just grabbed a sneaky top up at a smidge over 234p. I haven't got millions to invest, but of the small amount I have I'm happy to build a solid position in LGEN. This should be in my retirement fund for years to come. It's currently around 6% of my portfolio and I'm happy to top up to around 10%.
I think your missing part of how this works. Look at the BDEV share price - the market has repriced it based on this new information, currently at 492p. 1.44 shares at 492p is only 708p per RDW share. Don't forget this deal doesn't bring any new money to the table - apart from in the medium term some cost savings. So logically any raise in RDW shares has to be paid for by a corresponding fall in BDEV shares. Redrow shareholders have got the better side of this deal and there is no guarantee the BDEV share price will even hold where it is (their results announcement today was NOT good).
So, you are at the whim of how the market now prices BDEV shares and if you hang on you are locked in for weeks until the new shares are issued. Maybe consider taking the money now and pat yourself in the back for being on the right side of this deal. You may well be able to buy back in at a lower price than this in the near future!
Here you go... direct link to the post:
https://twitter.com/Adam_Grant_Bell/status/1752693813007831101
A lot of A trades going through, which usually means someone is building a position programmatically. A huge bid would really make my day as I'm b@lls deep in this one! To be honest I'd be happy if it can just set a new floor around this level.
Paying off the mortgage and owning your home when you retire is essential so you are not at the mercy of the rental market whims. I've just joined the "no mortgage club" in the middle of last year and the extra flexibility it gives is amazing! I'm able to stuff extra money into my ISA and SIPP and build a big savings cushion. Hoping to retire in about four years - according to my big spreadsheet covering pension incomes, investments, outgoings, inflation adjustment etc. I'm on track!
@Meconopsis - I think your final worst case number is a little high assuming the outcome is a "refund" of interest rather than any penalties. Do we know how many years this practice spans or the FCA are investigating?
I still maintain this is very different to the PPI problem, where people were sold an inappropriate product. This is more of a commercial issue - unless there is a government prescribed APR for all such loans/finance, the supplier can charge what the h3ll they like! The punter doesn't have to take the offer and competition should ensure that nobody gets away with too high an interest rate.
I've just bought in here via II at a tad under 73p. Predictably, my buy appeared as a sell on LSE! I have owned these previously and got out at 96p. Fingers crossed that the slide will stop, although I have no special insights here.
Maybe to make a claim, the consumer should be asked to demonstrate the other finance options they considered at the time... "Oh, you didn't? You were offered a finance deal and thought, fair enough I'll take it. Give me my new car now!" Kinda tough then. Nobody charged hidden fees or made the customer pay for something completely useless (like the PPI issue). If an offer was made and the punter signed on the dotted line, that's the end of it as far as I'm concerned!