Legal & General Share Discussion Threads

[cl0ckw0rk0range] 17/9/2020 12:45

They haven't to date so why would they.

[scepticalinvestor] 17/9/2020 12:38

thick as two short planks I'm afraid lol

[pierre oreilly] 17/9/2020 12:35

Nick eh? I said i'd never bought a 9% yielding stock. So no, lgen isn't my first.

You have a funny view on divis. They are, in times like this, totally uncoupled from the price.

i.e. bt lloy with a current zero divi are not priced at zero, exactly the same reasoning as why lgen's divi isn't out of kilter in these exceptional times. If profits stay up, lgen will pay the same or increased divi irrespective of the share price.

[woodhawk] 17/9/2020 12:28

You're talking absolute rubbish, Rubens. A 5% yield is circa 350p.

[nick rubens] 17/9/2020 12:23

Ok cheers Pierre, so LGEN is the first 9% yield stock for you then.

5% yield in itself is good but they are not considered Yield Traps, that's likely why they have been maintained and even grown to give you a capital gain.

For LGEN to Yield a safer 5%, it would indicate a share price of around 120p.

[williamcooper104] 17/9/2020 12:19

RECI - bought on a double digit yield and held on and off for over 12 years - hasn't cut despite covid CINE - yes it's cut now with covid and too much leverage following transformational acquisition - but I held it for several years and it increased the divi most years GCP - bought it shortly after IPO - it was a 10 plus yielding stock - it didn't cut and I got the capital gain too

[eurofox] 17/9/2020 12:18

This increasingly looks like a leveraged bet on FTSE and if that has got another 10% downside for a second wave dip, we could see another 20% off the share price here

[pierre oreilly] 17/9/2020 12:01

I've not bought anything yeilding 9%

I have many stocks which are giving me 50 and 60% return each year on my original purchase price, even though they yielded around 5% when i bought them.

That little nugget is why divis are an easy way to get rich slowly.

[woodhawk] 17/9/2020 11:58

Nick Rubens,

This is a rather exceptional trading environment. Of course bargains will be thrown up.

"What did you buy yielding 9% or more in the last few years and they upheld the dividend for years afterwards?" - you don't have to look too far back to find tons of them. However, I suspect you haven't been in the market too long, so "too far back" might mean rather less to you than those with rather more perspective and experience.

[nick rubens] 17/9/2020 11:52

Pierre "I own a lot of dividend 'traps'"

What did you buy yielding 9% or more in the last few years and they upheld the dividend for years afterwards?

[scepticalinvestor] 17/9/2020 11:33

we shall see my good man, we shall see.

[woodhawk] 17/9/2020 11:31

Although LGEN is already my third most profitable investment (divis+capital gains), ever, from a total of 58 different shares, I have been 'out' for a while. Have now repurchased for a near 9% prospective yield and hopefully a large capital gain too. I may consider adding on any further falls.

[spcecks] 17/9/2020 11:24

Pierre agree with your latest post im accumulating more at these prices.

[pierre oreilly] 17/9/2020 11:20

I own a lot of dividend 'traps' (if you want to call them that). I prefer to call them shares which pay me lots for doing nowt, and have done for many years.

[dope007] 17/9/2020 11:19

added a few more

[nick rubens] 17/9/2020 11:09

Sceptical "still long and strong"

Well I do wish you well and hope I am wrong, but I do recall you were going to 'sell' this week if it stays below 200p?

We have a couple of days left.

[scepticalinvestor] 17/9/2020 10:59

LGEN is an anomaly.still long and strong

[br1an] 17/9/2020 10:24

A good synopsis of why this is a great stock to hold.

[nick rubens] 17/9/2020 10:10

I can't think of one stock that Yielded so high and didn't cut or eliminate the dividend later.

I'm a Skeptical Investor, :)

[nick rubens] 17/9/2020 09:59

netcurtains good discipline to take a small loss. Yield Traps have cost me dearly in the past by hopelessly hanging on to them.

[netcurtains] 17/9/2020 09:48

gbh2: That is a bit harsh - generally speaking that is how you're meant to drive a car - assume other drivers are fools so always be ready to break!
I have pressed the BREAK - sold - took a small loss.
I do not understand the fall and thus I'm not willing to travel further on this road until I get a clearer picture.

[gbh2] 17/9/2020 09:35

Not worth reading:

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