Spud
.....or your reading of the charts could be total fiction |
A cursory glance at the charts would indicate that this news leaked from early December & was quickly sold into. By mid January it was picked up again by bulls and here we are today. So we have had a rise, just not from this morning. spud |
A nice result for buyers waiting to add, and keep adding more before XD, I cannot see being able to buy with the new ISA years allowance at these levels, but if it happens many will load up, me too.. :o) |
Pathetic reaction which I expect to be reversed in the coming Months |
Was also great when during Covid coming under regulatory pressure to suspend the divi they kept it going There's been mistakes along the way - Cala wasn't great and let's not mention manufactured housing But all in all there's a lot to like |
My first purchase was at c80p and I added a lot when Truss blew up the gilt market - so it's now my third largest holding You just have to accept that it's LSE listed so it's hard for the share price to rise much, it'll range trade and with a high beta it will sell off badly when markets dive So long as you understand that and are comfortable with the volatility then it's wait and pick up the growing divi Just wish they paid the divi quarterly rather than the uneven distributions they currently make which just add extra vol to the sp |
The annuity rate will always be higher than gilts but the loss on reinvestment will be much less when gilts are 4 as opposed to when they are 0.5% They typically invest in shorter dated credit assets and longer dated infra/real estate credit and then get their required duration via interest rate swaps |
I presume we’ve got a child posting judging by the pointless “lol” and the contradictory paragraphs:
UHOUND7
Wait until the rest of the business gets sold for a massive premium too! Lol
I guess for some impatient investors who have only been in here for a couple of years, they are disappointed they have seen no share price growth despite collecting a good divi.
Had you bought a while ago or more recently, then you will see things differently.
Erm… eh… what?! |
Wc #696. Not quite automatic perhaps? If a plan has several annual multipliers and one of those is higher than gilts then there is an annual cost. |
sicknote: sick as a parrot. LOL
I'm sure it will come good. |
Indeed; with Cala gone, US sold, it's clear that the strategy is to either get the share price back up to a level that gives them a cost of equity to expand in PRT else do sell of until it becomes a digestible take over target |
Dare I suggest that:
It might be easier for Meiji Yasuda to buy the entirity of LGEN, rather than completing the transaction for £1.8bn and purchasing just 5% for a further circa £0.8bn |
Common Who hear who is crying about the share price falling also, like me, sold some at the open :) Our natural instincts as long term holders will have been felt by institutional holders too It's still great news Ultimately if the share price doesn't respond - which would be a great pity - then this is the start of winding up the business Either way we gain |
Wow ! Started in a high ! Finished flat !! Net ! What's going on ! Cbg went the other way !!! Started lower and climbed to a high !!! |
They actually benefit from higher gilts The gilts they hold are mostly hedging annuities Higher rates means higher annuities and more demand it also reduces the longtivity risk as if annuity holders live longer than expected LGEN can reinvest at higher yields However as we all know, higher rates are not good for the sp |
It's a multiple arbitrage; if that's in your favour then it is unleashing value If it isn't then it's not All this tells you is what an utter dog the UK markets are Alas LGEN is too politically sensitive else it would either have been taken over or re-listed We will be one of the last companies on the LSE before it closes down (which over next 10 years is far from a remote risk) |
Oh well, back to the hammock for me. |
Will look to buy a few next week after the CPI news . Bargain or not solid divi |
It's amazing how the stockmarket can change encouragement into disappointment so quickly! |
Share price unchanged on the week ... |
Wait until the rest of the business gets sold for a massive premium too! Lol
I guess for some impatient investors who have only been in here for a couple of years, they are disappointed they have seen no share price growth despite collecting a good divi.
Had you bought a while ago or more recently, then you will see things differently. |
Japanese buying 5% of the company...
Is worth a 5% increase in the share price...
As is the new business deals with the JApanese..
The sellers will all be back...
they all thought it was good yesterday...
So we know its better today...
They will buy back...
Or miss the boat. |
Just goes to show how many folk don't really know how a business works. Selling off part of it doesn't suddenly produce money out of thin air. I think the mm's know that.
Perhaps if the media and the analysts had been going on about such a deal being really good for the business for a few months and then it happened, that would permanently send the price up.... If it was clear exactly how it would benefit the business.
I suspect the 'official' jury will be out for a week or so. |
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