77ss wrote:
I might not pick Centrica as a new purchase, when building up an HYP, but as a top-up to a mature HYP I see no problem. We are not all coming from the same place.
How does a CNA share know its being added as a new purchase or a top-up ?
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77ss wrote:
I might not pick Centrica as a new purchase, when building up an HYP, but as a top-up to a mature HYP I see no problem. We are not all coming from the same place.
Itsallaguess wrote:Didn't Centrica have a rights-issue a relatively short while back?
Cheers,
Itsallaguess
77ss wrote:Itsallaguess wrote:
Didn't Centrica have a rights-issue a relatively short while back?
Cheers,
Itsallaguess
Back in 2008/9.
But perhaps you are thinking of last year's £750m issuance of new shares to institutions? The ordinary investor didn't get a look-in.
monabri wrote:Some of the replies to Terry's question along the lines of "topping up if you already hold but not adding if you don't"
seem to be at odds! Maybe a resolution to this would long the lines of "add or buy new after a few years of showing that the company is back on track regarding - in our case - dividends"?
In the meantime, either set aside cash or - more likely- invest elsewhere.
To buy "now" must either be a contrarian view/leap of faith or a knowledge that a previous hiccup was due to a one off event, perhaps beyond the companies control or simply a top up for top up sake.
JohnnyCyclops wrote:One challenge around the "top-up vs buy fresh" line is that for a mature HYP, i.e. one where its owner considers their HYP to have a sufficient number of stocks in a reasonable mix of sectors, is the risk of proliferation in eschewing a borderline or suboptimal top-up and instead adding an additional holding of a new stock but still in the same sector.
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