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Gentlemen,
I am a quiet inoffensive Shareholder and have been since floatation. I am considering purchasing more, if only for the Dividends. In this respect, the points raised by edben are both valid and worthy of consideration. But please let not this BB go the way so many others do and in virtually all walks of life. by throwing Brexit into the mix.
Other Posters have no doubt also said this, but I also advised about not listening to so called "Experts" on this BB on 10 Aug. Here is what I said then, and despite the very choppy waters SLA are currently going through, I believe the sentiments are as true then as they are now. A stroll down Reminiscent Avenue.
"My advice, and it has carried me well for many years, is NEVER listen to "Experts". Whilst there is an obvious temptation to ‘chase markets’, a balanced investment approach that provides diversification, scope for capital preservation and appropriate exposure to risk is more likely to be in the best long-term interests of an investor." And as my Wealth Management Company advise, “the summer holiday season should serve as a reminder to investors of the value of doing nothing, since it is time in the market – not timing the market – which helps deliver the best returns. The less investors are tempted to chop and change their strategy in response to market noise, the fewer mistakes they are likely to make, and the greater their chances of compounded growth". Can't improve on that!"
Like you, it sort of concerns me that the BOD have been very quiet, given that the SP has halved in just 12 months. And this morning, yet another SLA Board Member has gone. Whether the merger with Aberdeen was the best move or not is now irrelevant. It has happened. But are we now living with the consequences? I seem to recall following 2008, Lloyds Banking Group bought out HBOS and the former hadn't done all their homework. Or I may be wrong and have started a heated debate on this BB!
adv11, thank you for that. Only time will tell if SLA can come good again. I believe it will but not in the short term. Also, I hope your SLA cash materialises soon.
Just purchased the difference in volume between the Shares I originally held and those "lost" as a result of the consolidation to bring me up to my original allocation (at a net cost to me of £45!) and notice that it is showing as a "Sell" and not a "Buy". I am sure this happens a lot. Any explanations?
Not so sure I buy the analogy but today's RNS announcement re Sir Gerry's impending departure (my Boss some decades ago!) is of interest. So far as the imminent arrival of additional finance into our Bank Accounts is concerned, I intend to maintain the status quo and re-invest it into SLA at some time in the (very?) near future. I just hope future dividends live up to their previous expectations! Only time will tell.
I re-invested my capital return in 2015 back in SLA and, should the market conditions be favourable in a few weeks time, it is indeed an option to do the same again. As you say, an attempt to maintain the status quo.
First time I have ever posted on this BB. To all those invested here, I have substantial (as far as I'm concerned!) investments with St James's Place and have since 1995 and never regretted it for one minute. Ignore all the "Tipsters", "Predictors" "Tippers" and "Ratings". Simply invest in a Company that you can trust and let these Guys do what is best for your investments. That is what St James's Place is there for and they have never let me down. That's it. Put simply.
Without wishing to offend, I have to say that I find predictions as irrelevant as ratings or forecasts. Sorry.
This has nothing to do with "scaremongers". Your post sounds like the sort of rhetoric normally posted on AIM BBs. Please read my earlier posts dated 26 March, 22 May and, more recently, 25 July 2018 for a more balanced view of Investments.
LordAdam, yes probably an old one but I like the definition offered up. SLA are clearly going through a financial identity crisis and I have no idea when it will get back on the right tracks. Some senior personnel have either been head hunted or they have simply jumped ship but either way this no doubt has contributed to this uncertainty. There is clearly much more work for the BoD to do for the markets to finally get back on side. In the meantime, I fully intend to hold my stake in SLA.
My advice, and it has carried me well for many years, is NEVER listen to "Experts". Whilst there is an obvious temptation to ‘chase markets’, a balanced investment approach that provides diversification, scope for capital preservation and appropriate exposure to risk is more likely to be in the best long-term interests of an investor. And as my Wealth Management Company advise, “the summer holiday season should serve as a reminder to investors of the value of doing nothing, since it is time in the market – not timing the market – which helps deliver the best returns. The less investors are tempted to chop and change their strategy in response to market noise, the fewer mistakes they are likely to make, and the greater their chances of compounded growth". Can't improve on that!
Volcano,
Please explain to all on this BB why you are "disappointed in the SP". I for one am not and I suspect many other Investors in SLA aren't either. If you continue to hold this Share, don't desire for a quick profit and welcome their Dividends, then there should never be anything to be disappointed about. I have always said for the last 2 years that £3.30 is a good buy-in and I recall questioning some Contributors a few months ago who predicted a "quick rise" to £4.50. That was never going to happen in the short term. Surely, it's all about patience. Investments must be seen as a medium/long term goal and any attempt to take advantage of fluctuations by moving in and out of the markets, in my view, are more than likely going to result in a loss. I have absolutely no doubt that such words have been traded (no pun intended) before but my conscience is refreshingly squeaky clean. I have Pensions coming in now, supplemented by both Income from Bonds and Dividends from Shares (including SLA) wisely invested decades ago. Whilst I will never sit back on my laurels and become complacent, I have no intention of letting instant greed creep in. There you are - my few words of advice, for what they are worth!
Volcan, that is the role and purpose of the LSE, to issue data and relevant financial information from live share prices to financial announcements, made via Regulatory News. It is not for SLA to announce the disposal of shares by another Company.
It is not for SLA to announce such news because they were not their Shares but Lloyds. And Lloyds have indeed made such an announcement on their RNS. As an after thought, if I had sufficient finance, I'd like to purchase these Shares. But I haven't so I won't!
If you scroll back over the last two weeks, you will find numerous knowledgeable postings and links on what SLA are proposing and what it means to those who have Shares in SLA.
Welcome to this Board which I have to say does contain some extremely knowledgeable contributors. I think you are right about having confidence and modest growth. I have been in since de-mutualisation back in 2006 and I have never been disappointed in this Share and what it delivers. Re your comment about Motley Fool. I too have my own views on this Outfit, hence my somewhat defensive posting on 22 May.
That's what I did in 2016 and, all things being equal, that is my intention this time as well. Some great postings over the last few days which very simply explains the mechanics of what will be happening over the coming weeks.
Re the recently-posted link from Motley Fool. Wise Investors will know that there are many such Companies offering financial advice so, as always, never put all of your eggs on one basket and, more importantly, do your own widest possible research before contemplating and sort of investment.
In a word, No. I thought this was the case but I quickly checked on Google which advises: "If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend." If I or Google have got it wrong or if there is anyway around what seems to be water tight explanation, no doubt some wise sages will put both us right!