I think the post-invasion energy panic caused most governments to secure energy supploes from whereve they could and this was largely from fossil fuels because the product is there and just has to be paid for and delivered. I am surprised that the elevated prices didn't feed through the sustainable supplies but maybe that was due to advance sales or hedging or whatever. On the [lus side, NG has just announced the need for an enormous expansion of the grid because of increased sustainable supplioes, especially off-shore wind. Until fusion can be made to work, wind and solar are where it has toi be, And fusion has been 40m years away for the last 60 years so good luck with that. I hope the sentiment towards NEDSF perks up as interest rates and inflation fall. I manage a SIPP for my daughter and I am uncomfotably overweight in NESF. Still...divs next week :)
Panam Pete... Or buy into other Companies doing the same thing. My biggest holding by some margin is LGEN which I can't resist every time it dips. I also have MNG in my ISA and in a modest SIPP which I run for my daughter. Both pay great divs and I have never sold either and may never as long as the div is good. I do wish LGEN would buy back shares though and I would hope for a bit of that from PHNX. Am undecided on PHNX right now but it's on my radar.
At £8 I would sell. Probably even for £7.90. Academic really since I didn't buy them for equity gain. They don't do buy backs and pay a handsome div and that is why I am there and why I bought quite a lot more during the recent dip. The downside, if there is one is that I am now properly overweight in financials (with LLOY, AV and MNG as well), matched only by my inability not to keep buying into renewables which also pay a stonking div and have a bright future esp now that Cop28 has decided we are all giving up fossil fuels by next month or whenever. On the subject of which, the Flying Scotsman went through Birmingham yesterday, presumably taking Cop28 delegates home.
Mmm...that's three more brokers to completely ignore then. If anyone anywhere has even one shred of evidence, either recent or from history, that a single broker recommendation has ever been anything other than a vested interest or a lucky guess, could they post it here for everyone to admire. Thanks.
TRIG and GSF are both on a seemingly endless downward trajectory as well. I have a fair old paper loss on these three, but will wait fior a recovery and cop the divs in the meantime. If the divs are maintained, these three are bargains at this price. Fairly large testicles required though.
I have been a GSF hopeful for about three years and am as happy about the SP cliff as everyone else. But I wonder why it is happening. The NAV seems prety rock solid, the div seems secure if a little poorly covered and the latest Co staements seem pretty buoyant. It is tempting to put in a lot of cash for the current 10% ish div and possible equity uplift, but I must be missing something. Any idea what? All well informed comments welcomed.
Mostly these boards are inhabited by over-optimistic gamblers so it is a bit refreshing to read a bit of honest negativity and caution. My own take this after quite a bit of research is that there is good reason to invest in NESF. They are well diversified, well hedged against inflation, FIT prices are reasonable and rising and short of nuclear winter, the sun will continue to shine. I would prefer the div to be slightly lower than the current 9% and talk in the latest FYR of share buybacks look s a little premature. Personally I would always be much happier with debt reduction, especially at currrent rates. Full disclosure, I do now hold a fair number of there shares and bought a further sizeable tranch today. I also have solar at home and can vouch for the financial benfits it delivers me personally. Nationally, fossil fuels are increasingly dead, nuclear is expensive and takes years to deliver, hydrogen is too dangerous, fusion has been 40 years away for the last 40 years and still is. The remaing feasible options are wind and solar. Both work, both are clean, cheap to operate and here for the forseeable future. Solar is is quick to install. It ain't going away. At this price, it was irrestistible. I have donee similar with TRIG which is also pretty depressed atm.
Tatt if it's any consolation, I have just sold my entire holding at 210p. I did think about selling at 150p because I bought all my shares at less than 92p in three trades. It could go up now and if it does, I will take it on the chin. A profit is a profit and I'm sure you made one. If it goes down I might buy back in but I doubt it. The roller coaster days are gone now and I rarely hols shares that don't pay a dividend. Good luck all.
It is precisely for times like these that I keep cash on standby. Chewise is right. This a buying opportunity and we should be grateful these come along from time to time. GSK, LGEN, NG, DGE and a whole bunch of other FTSE giants are well down right now and all pay divs and all will recover one day, but maybe not Vodafone, If you don't like it, check the amall print where it says you might not get your money back and put your monry in the post office instead.
Around ten years ago I had cause to complain about a phone I bought in store. Hours on the phone sitting in a queue, not being called back, talking to different people all the time and being lied to were just some of the problems I had, which only got partially resolved when I blanket bombed board level management directly. The upshot was I cancelled eight business contracts with them and moved them to another provider, who I am still with. With customer care like I received, it is no wonder they are making 11,000 people redundant. Statistically, mot of them will be useless anyway judging by my experience. The sooner this bunch of jokers goes broke the better.
Just been reading some of the rubbish written by the hard of understanding after today's update. Seems to me that stock markey investment is probably not the best option for some and they would be better off putting their mmoney in the Post Office.
@Drunk, there are shares other than insurance shares out there. I dumped DLG a year or more ago because I could only see them going down and as a div trap. Around the same time, but not connected, I bought more AV. Other than LGEN and LLOY I have no other financials. What has done well for me this year is IT's, most of which are large cap based and in December, I sold 2/3 of my GSK on good news and bought Nike and Wickes. Happy New Year or what? Personally I would leave DLG well alone. No div probably means no or little recovery. There is much better out there, but it does take a bit of hunting down atm.
Quiye
One company should only make ~3% of a portfolio, so why do people get so aggrieved?
Well that's a lot of bollards. What if your portfolio only totals £10,000 or less as I'm sure many do? And if you have a large portfolio, having 30+ holdings risks being a tracker unless you know what you are doing, and many don't. GSK makes up 4% of mine give or take, but LGEN makes up 7% and LLOY 6%, (though that is temporary). I am a buy and holder and hate selling. At least GSK pays a div, though the board really needs their ****s kicked. Where has Eliot gone?