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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Legal & General Group Plc | LSE:LGEN | London | Ordinary Share | GB0005603997 | ORD 2 1/2P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 1.60 | 0.69% | 234.40 | 18,772,488 | 16:29:59 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 234.30 | 234.50 | 236.30 | 234.20 | 235.30 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Ins Agents,brokers & Service | 36.48B | 457M | 0.0764 | 30.68 | 14.02B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 18:13:03 | O | 0 | 235.10 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 18/4/2024 | 17:00 | UK RNS | Legal & General Group Plc Director/PDMR Shareholding |
| 17/4/2024 | 17:00 | UK RNS | Legal & General Group Plc Director/PDMR Shareholding |
| 11/4/2024 | 15:00 | UK RNS | Legal & General Group Plc Publication of a Prospectus |
| 11/4/2024 | 10:00 | UK RNS | Legal & General Group Plc Notice of AGM |
| 09/4/2024 | 17:07 | UK RNS | Legal & General Group Plc Director/PDMR Shareholding |
| 03/4/2024 | 17:00 | UK RNS | Legal & General Group Plc Director/PDMR Shareholding |
| 02/4/2024 | 17:00 | UK RNS | Legal & General Group Plc Total Voting Rights |
| 02/4/2024 | 17:00 | UK RNS | Legal & General Group Plc Director/PDMR Shareholding |
| 02/4/2024 | 17:00 | UK RNS | Legal & General Group Plc Director/PDMR Shareholding |
| 02/4/2024 | 17:00 | UK RNS | Legal & General Group Plc Director/PDMR Shareholding |
Legal & General (LGEN) Share Charts1 Year Legal & General Chart |
|
1 Month Legal & General Chart |
Intraday Legal & General Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/4/2024 | 17:26 | LGEN Moderated Thread | 5,409 |
| 26/4/2024 | 15:14 | Legal and General | 12,520 |
| 17/3/2024 | 16:46 | LGEN for charts | 3 |
| 03/2/2024 | 15:12 | Legal & General - News & Charts | 2,844 |
| 06/5/2023 | 20:29 | Legal & General (LGEN) announcement | 18 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 17:19:39 | 235.10 | 62 | 145.76 | O |
| 17:19:18 | 235.10 | 367 | 862.82 | O |
| 17:19:15 | 235.10 | 1 | 2.35 | O |
| 17:13:04 | 235.05 | 1,737 | 4,082.80 | O |
| 17:13:02 | 236.02 | 463 | 1,092.79 | O |
| Top Posts |
|---|
Posted at 26/4/2024 09:20 by Legal & General Daily Update Legal & General Group Plc is listed in the Ins Agents,brokers & Service sector of the London Stock Exchange with ticker LGEN. The last closing price for Legal & General was 232.80p.Legal & General currently has 5,979,665,207 shares in issue. The market capitalisation of Legal & General is £14,016,335,245. Legal & General has a price to earnings ratio (PE ratio) of 30.68. This morning LGEN shares opened at 235.30p |
Posted at 18/4/2024 08:40 by richie1218 Thu, 18 April 2024"Legal & General’s (LSE: LGEN) share price has fallen around 5% from its 12-month 31 January high. The price trend has broadly tracked that of the FTSE 100 in which it trades. But it now looks even more of a bargain to me than it did before. How undervalued does it look? On the key price-to-book (P/B) measurement of stock value, it currently trades at just 3. This compares to a peer group average of 3.5, so it’s cheap on that basis. It also looks cheap at its price-to-sales (P/S) ratio of just 1.2, against a competitor average of 1.5. But how cheap exactly? A discounted cash flow analysis using several analysts’ figures and my own reveals it to be around 59% undervalued at the current price of £2.44. Therefore, a fair value would be around £5.95, although this doesn’t guarantee it will ever reach that price" |
Posted at 10/4/2024 08:02 by p0pper I hope the June announcement is a cracker and moves the share price upwards otherwise why are all these directors being issued millions of shares, they need to earn their corn now, share price down or stagnant at best. |
Posted at 23/3/2024 11:30 by grahamg8 Some interesting comments on investment strategy. Having worked in the past as an Investment Adviser I can say with a fair degree of certainty that the sales team of pretty much every Financial company are being told that correct timing is not the correct answer. This of course is nonsense and simply designed to try to bag a sale now rather than later. Timing of the market and time in the market are both important. Invest long term and be alert for selling or buying opportunities. LGEN are a good long term hold, but there is a price at which they should be sold, as long as some better alternative is available. If you have enough money then it is possible to buy troughs and sell peaks, moving money backwards and forwards over time. If you don't have enough invested to do this then using Funds is an alternative way of doing the same thing. In the main I look for shares with a good income and potential for a share price rise. If the rise doesn't happen then I am happy with the income. If the price does rise I pat myself on the back, sell up and move on (and often come back again later if the share price falls). This is my second go at LGEN (holding), and 5 times in PHNX (holding), 7 times in PLUS (sold out at the moment). |
Posted at 18/3/2024 17:10 by marktime1231 How interesting well done wc. Is this Simoes pre-empting his strategy reset ahead of the June capital markets day, proceeding at pace. Does it suggest a simplification, a focus on core business activities and cleaner branding, whereas in recent years LGEN has dabbled in all sorts of ventures with mixed fortune. Cala has been a positive asset development. Might this translate in to more support for the share price rather than plumping up the dividend. Responding to the pressure caused by Aviva outperformance. Or corp investors fed up with the share price in the doldrums and no obvious response, we know city brokers want a buyback. |
Posted at 07/3/2024 22:50 by zac0_4 Tell BP shareholders that buybacks drive positive share price performance. 10 years ago BP's share price was £4.80. Over the 10 year period they have spent over $25bn buying back their shares. The share price today . . . £4.71.Share buybacks are a waste of time. To me they mean that a company has nothing better to spend its money on. No opportunities for further growth. I'd much prefer for excess cash to be reinvested to compound the value of the business and, as such, the share price. |
Posted at 06/3/2024 17:33 by mcunliffe1 It's a clear explanation of an annuity fenners.I decided years back that I would not go down that route. Because of that decision I have not looked at the tax implications of annuities - until now. It transpires that all the income from your annuity is taxable. So, using your £100k as a start point I could either use all the £100k to buy that annuity and hence forego my 25% tax-free cash draw - but consequently get, say, £5,940 for the rest of my life (single life and not rising with inflatuion). Or, I could take the £25k tax free and buy the annuity getting £4,455 a year, for life (single life). These figures are from the L&G website - not made up. Irresp[ective of the length of time I live that capital is gone and my kids see nothing of it. However, if I keep the £100k in a SIPP and draw-down the £4,455 in year one whilst topping-up my additional needs from ISA's and Premium Bonds - all accessible without tax being applied, I will ultimately pay a hell of a lot less tax than going down that annuity route. And when I croak the balance of the £100,000 will be there for my wife/kids. My pot started at 198,800 in March 2023. I'm arranging a draw-down of £10k later this week (the first from this SIPP) and at the moment the pot is valued at £206,250. So, I am eating into my pension but next year I will take less as I will need to give my wife's Marriage allowance transfer back to her. I guess we can safely say that the likes of L&G have remained in business because they do NOT pay out more than the take. OK, some will win but most will lose. I'd prefer to keep my share of LGEN and take their dividends rather than gift them my money and take the risk. The yield on that annuity is not large enough for that risk. marktime: you wrote 'when the discount to value is so wide' in my SIPP I'm informed the discount to a Fair Value Estimate is currently 3%. Hardly wide. The 5 year graph (and the 10 year) show me we are at a mid-point in respect of the current share price Your belief in BB's clearly would have been better supported when the share price was at sub 220p. |
Posted at 06/3/2024 13:49 by unastubbs #4936 mcunliffe"The share price is still worth £10 (£900m / 900m shares) but there's no cash pot left for the additional divi. It was spent buying the shares." Obviously the cash pot is replenished through income from the underlying business. But now less cash is required to fund the dividend so the surplus can be used to increase said dividend or for more buybacks.The only caveat is of course that the share price has to be low enough to justify the repurchases. imho LGEN is cheap enough. Anyways I'm out on this topic. GLA |
Posted at 06/3/2024 12:58 by mcunliffe1 unastubbs:4926 post. If a company is valued at, say, £1bn and included in that value is a pot of cash valued at, say, £100m and there are 100m shares in existance then each share is valued at £1,000,000,000 / 100,000,000 - hence, £10Then, a share buy-back uses that £100m cash to buy, for ease of reckoning, 10m shares assuming no change in the share price during the BB. At the end there are now 900m shares of a company that has £100m less cash in its coffers and so is worth.....£900m. This is assuming straight math applies - a bit like the basic economics espoused by jonnybig. The share price is still worth £10 (£900m / 900m shares) but there's no cash pot left for the additional divi. It was spent buying the shares. This is a simplistic example and in reality it probably all boils down to market sentiment, confidence in the company and in the managment and it is impossible to state that a BB is/was/would be successful. What I find remarkable with LGEN, PHNX and ABDN to name but three is the belief that so many of you want a company who's business model is that of wisely investing peoples pension and savings, to instead, spend money buying their own shares when we've all seen recently the stellar returns provided by L&G's funds (LGGG is one example) compared to the returns on the L&G share itself.....even WITH dividends reinvested. One seriously unimaginative choice of a mediocre management - as at ABDN and one I hope LGEN and PHNX don't replicate. |
Posted at 06/3/2024 12:19 by marktime1231 Well it hasn't taken long to bounce back from the over-reaction first thing this morning, the business is still just as sound and the dividends will continue to flow. We were warned about the hit from asset values but it has also clobbered IM operating profit more than expected, wiping out PRT gains. This will bounce back as asset values recover. Also a strange hit to longevity contribution due to accounting changes which I did not understand.Of note - LGEN will not hesitate to consider buybacks while hesitating to run a buyback Probably why the Outlook section was thin, Simoes is working on a new / his own strategy plan for a Capital Markets day 12 June, it must be well advanced already, to replace Nigel's 5-year plan which completes this year and explains why the dividend forecast of +5% is only for 2024. If the ambition is to be more international the short step to achieving this would be an international M&A. It would be good to hear what LGEN plan to do to close the 10-20% gap between the share price and what LGENies think it should be. If that means switching from reinivesting surplus capital into business growth ventures to buybacks so be it. Not much of a case for sitting on a solvency surplus of £10B when interest rates start to tumble. |
Posted at 06/3/2024 08:57 by mcunliffe1 the butler: Then grow a pair and buy the stock rather than advocating the 'safe' and 'boring' (and bloody useless IMO) share buyback.There's been talk on this thread over the past 12 hours about the sustainability of a 5% divi. increase. If there's sufficient money available for a BB then that money can be easily used to fund the 5% growth for more than one year beyond next. There's been talk about the share price drop offering a greater yield. That's true ONLY on the share you buy at the lower share price If, like me, your average buy price is 227.182 then the yield is 8.953% with the divi. at 20.34p MY yield will NEVER change other than by a change in the dividend rate and for THAT reason I want a rising 5% increase year on year and stuff the BB's at the current - NOT VERY LOW - share price level. |
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