This is my second largest single holding and it's taken a proper beating just lately. But it is increasingly looking like a great long term investment and worth drip feeding into over the coming months. Although a staunch remainer, I reckon the greatest fear over Brexit is of the fear itself and it's not as if the wheels are going to fall off the capitalist machine any time soon even though the road might get bumpy. Many wise investors have made fortunes out of recessions by hoarding cash and buying low, when everyone else is fearful. As Warren Buffet (probably) said, the Stock Market is a mechanism for transferring money from the impatient to the patient.
I drive through this dog's dinner of a roadworks about twice a month in each direction and it's horrific. I've no idea where the customer care comes from. There are many things wrong with this development but the worst has got to be the late night road closures. Signs further up towards the M6 warn of road closures at Junction x or y, but don't say where these junctions are. My satnav sure has no idea. So you keep on driving hoping it becomes clear until you suddenly hit the diversion and head off to who knows where. The diversion signs are utterly hopeless, especially in the dark. Miss one and you are fuxored forever. Meanwhile the satnav keeps trying to send you back onto the now inaccessible A14. Useless. This is a hateful godawful travesty of a roadworks which is badly managed, even though it is jammed with traffic and irate drivers. How it wins any awards is a mystery. The people managing it should be fired today and given jobs in central government where they would be right at home with all the other useless clowns that can't manage a party in a brewery. Still, mustn't grumble.
I’ve been out for a couple of years, but kept watching and I am not really surprised a this latest turn of events. It was always a high risk proposition. But given the national importance, I reckon the project will probably go ahead. If I was running a mining conglomerate I would be thinking about bidding for the lot, but I wouldn’t be offering more than about 10-20% of the current sp. Even with funding, this is still high risk. Without funding, what then?
Broker SVS has gone bust and is no longer trading. Looks like anyone with an account with them is going to have wait a few months before they can get at their assets. Meantime, Brexit should reduce them all substantially. Happy days.
Run for the hills if woody is back sniffing. He was crazy to sell them in the first place and I told him as much. It was one his early errors that made me sell my entire equity fund holding in June 2017. Thankfully at a very decent profit.
RE: DB reiterates Mondi as buy @260017 Jun 2019 12:29
Seems like the better this share looks, the lower it goes. That smug bloke from the Sunday Times has just bought in as well, whatever that means. Think I'll keep my money in the Post Office for the time being.
I remember last year many 'wise investors' on this very board were saying no problem holding above £2 post XD day and yet the SP sank down to £1.40 odd. Funny that. I have a decent holding here, some of which I got at 55p in 2011. They might have gone up but the direction they go in after XD is anyone's guess. Never forget, when you buy shares, you're backing yourself that you know more about their future than the bloke (or bloke-ess) who sold them to you. Personally I would have backed Barcelona last night. WTF do I know?
I’m sure you are an expert in this subject, which is why you choose to spout your nonsense here rather than publishing it in a peer reviewed journal. You have made your decision and now you will try and make the facts fit that decision. Science works the other way round. People like you are not worth arguing with.
Becaus the sp is lower and some people aren’t bothered about divs because they are normally classed as income and sp rise is capital gain which equals less tax. There’s probably other reasons, but that’s mine.
I'm with Gerry. I paid a bit more for mine but I have no intention of parting with them and am much more likely to buy more. I am also a poor old pensioner though I still do a fair bit of contract work for dopey money and LGEN will be one of my core income holdings when I give up the daily grind forever.