A light trim In case you were wondering I have been watching for an LGEN rebuy today, but I am still being a greedy plonk waiting for an even more obviously bargain price … the violent swings caused by Brexit mayhem makes that a short term possibility, and we are still a good way off ex-div. And we have an ISA funding window about to open too, so why rush. Also watching an entry into RMG but Uncle Doug is strongly against that idea. Finding it hard to sit on my trigger fingers while I have a little cash itching to splash on a high yielder.
A light trim So I wasn’t so clever / lucky after all, a return to 285p and I am kicking myself for not dipping back in at 266p … greedy plonk waiting for sub 265p. But then who is to say this does not have another cycle to go before ex-div in late April, we might see my new projected ceiling of 305p or markets might fear an ugly Brexit again and collapse to 260p? Funny how sentiment has turned in favour of under-valued UK stocks even though nothing about the future is any more or less certain.
A light trim Trump-China could be adding to fears but I’m pretty sure LGEN and other UK non-commodity stocks are more sensitive to Brexit right now. Is it me or does Huawei sound like a Tyneside greeting?
A light trim Hi Marktime, Given that LandG is a multinational I would have thought that today’s drop woukd have more to do with the news about the downturn in the Chinese economy. At some point, The Groper and China are going to talk business before there is too much mutual destruction. Ahead of this, there will be an opportunity to buy into a recovering market. Timing, as always, will be the key decision. Cheers Frog in a tree
A light trim A slump back to 266p much sharper than I feared, surely not because of LGEN itself but obvs this stock is very sensitive to how Brexit is going. So what would the clever thing to do here be … pick up some stock again before ex-div, or wait for Brexit arguments to settle and then buy in to the value recovery cycle? Or both? Sorting Brexit seems like it could take forever or shoudl that be fornever.
Down nearly 5% LGEN… XXXXX I see this topped at 285p on 5th March 2019 before falling back to today’s 271p . Geog quoted guru "no one knows nothing "
A light trim Hydrogen_Economy: Not unusual for a sell off to follow good results Yea, this is pretty common. Price rises in anticipation of results Results come out, much as expected City concentrates on something not as positive as they’d like Price drops back a bit All other things being equal, the chances are, the sp will recover and resume an upward trend of ~10% per annum in line with eps, peg and the like. I’m happy to hold, but fair play to @marktime1231 for calling it right BB
A light trim Actually better in many regards than I expected, underlying positive business activity trends in each area, as many opportunities as threats, and an even bigger mortality release. A jump in new equity release business and surging transfers-in of bulk annuity books combined with data to say we are not going to outlive ourselves will be a powerful combo. The only negative is slightly less free cash from operations on the basis that more has been set aside for investment (as opposed to a buyback, thank goodness) - sorry guessing here, I will need to check that, a huge report in 3 parts will take some reading. A conservative statement to say future compound growth might only be 10% pa. So the final dividend only up to 11.82p was a but stingy. But all in all well done Nigel Wilson, again. I wholly agree with the remark above that on all the evidence this is undervalued, my own view is to expect a new ceiling of 305p. So why on earth the slump today seems very harsh, looking for negative comment to explain it and can’t find any … more to do with renewed fears of an ugly Brexit than LGEN itself? In which case I will be watching this very closely for a buying opportunity so I can go overweight again, but in the meantime expect a slew of broker BUYs. BTW Longevity progress stalling will be so important for many others, not least the ability of UK Plc to pay for state pensions out of the current NI regime as baby boomers begin to retire … people calling for extra-ordinary increases in NI contribution will need to pipe down, and coupled with continuing record employment levels we should be more confident that we can stick with th triple lock. Huge read across for company and public service DB pension liabilities, equity release NNER, awful life insurance companies (and even Cumbo in the FT fer crissake) demanding we rescind or curtail pension freedoms because there was a risk we might outlive our own plans and “run out” … utter garbage, when are the scaremongering dinosaurs of the life-assured pension industry going to realise we will not be frightened into saving more than we need for retirement, we just need fairer charges and better value flexible pension products. Norwoch Union charged me 1.49% of AUM for over 30 years for doing nothing more than plonking my contributions in a default fund. I still cannot believe I got an unsolicited offer from a SIPP provider of a 1.9%pa annuity last year. An industry still full of greedy crooks. LGEN always used to top the annuity tables for low charges and highest income rates, they would be my first choice if I did want to explore a backstop annuity as part of my retirement plans. Which perhaps explains why they are winning a little new annuity business while others are not. Rant over, that feels better.
A light trim LGEN XXXX Yes a top pick recommended to others they are very happy . Should own Myself .
A light trim Well the results are solid although US tax boost in the 2017 numbers and mortality release muddy the numbers giving a slight drop in reported EPS, adjusted EPS 24.7 up 7%, FY div 16.4p also up 7%, adequately covered. Not unusual for a sell off to follow good results, especially after the great rise we have had since start of the year. I think it will turn before too long. DCF calc on dividend payments alone, assuming 5% growth for 2019 on shows fair value to be over 300p. Fairly rare for a divi DCF calc to exceed SP because the high yielders often have poor cover and flat div payouts, not the problem here. LGEN has been one of my best shares, I plan to hold. H2
A light trim of my over-weight holding in LGEN today at 287p, and a pleasing improvement from the 262p buy in January. I expect good results tomorrow and good progress in the final dividend to 11.8-12.0p. There is also a chance that analysts will criticise the performance as being roughly flat yoy, apart from a mortality release to profit of £300M+, and we might get an outlook which has as many worries as potential good news. LGEN remains one of the core holdings in my ISA income portfolio. It was available at 180p when we voted for BREXIT - strewth nearly 3 years ago - and at 225p as recently as 3 months ago, for no real reason except that BREXIT was looking ugly. So, I will be loading up again when the next bargain opportunity comes along.
Down nearly 5% I almost bought in towards the end of day at 240-ish. I held, thinking the way the US is going and May making an utter mess of Brexit we may have more to drop.
Down nearly 5% LGEN… XXXX COBO … 15TH NOV … "Needs to hold 245 or beginning of drop " Might drop to Last-calls 244.5 " buy price " … Ill be joining him lol
Down 7.5% Well this is the first time I have posted onto a bulletin board since the fiasco of a relaunch. Its recovering a little but thats blown a great big hole in my ISA and we are hitting real lows in SP can only get worse so time to put n the tin hats. CL
Down 7.5% Def needs 245 to hold, or its only the beginning of the drop