Legal & General Share Discussion Threads

[williamcooper104] 05/8/2020 10:10

Sorry - BBB is not lowly rated debt

[scepticalinvestor] 05/8/2020 09:56

your comments prove you know very little abt the insrance market.

[pierre oreilly] 05/8/2020 09:55

Ponzi schemes are illegal fraud.

I'd be careful accusing lgen of fraud, even pseudo-anonymously on a bb. I'd edit that if I were you.

lgen are both legal and prudent, and they wouldn't have paid any divi if it wouldn't be prudent to do so.

Not sure why almost a billion profit is viewed as disappointing in these difficult times. It exceeded my expectations.

[scoble2] 05/8/2020 09:31

Amount: 4.93p
Ex-Dividend Date: Thursday August 13 2020
Pay Date: Thursday September 24 2020

[hollcat] 05/8/2020 09:26

Disappointing results announcement, and they glossed over the credit losses, of which I would expect to see significantly more in the 2nd half, especially if there is a second wave. Their Solvency ratio was only maintained because they raised £1bn of subordinated debt which because it is subordinated strangely improves their solvency ratio. L&G is a massively geared organisation with £25bn of low valued BBB debt in the annuity portfolio which if it downgraded one notch would need to be sold at depressed prices. If one-third of this BBB debt downgraded they would be "technically" insolvent. I am very surprised they maintained their dividend - doesn't feel prudent.

[waldo2020] 05/8/2020 09:02

In the current climate results are not that bad. Solvency coverage ratio up from 171% to 173% and divi maintained.

[pinstickerdan] 05/8/2020 08:58

L&G is proving to be very robust, in the circumstances the company is performing very well.

David Buik just commented that L&G is managing to maintain it's dividend against a background where FTSE100 has this year seen a 60% drop in dividends, and FTSE250 has seen an 80% drop in dividends. Dividends expected to drop 39% this year overall.

[pierre oreilly] 05/8/2020 08:35

buywell, Does buywell think if the eps doubled, lgen would be more profitable? I think we need to know. Does buywell think the £950,000,000 profit just reported could exceed 1 billion if it went up another £50m?

Has buywell had those grey roots died back to blue yet?

Cringe is the right word. She makes David Brent look the height of sophistication.

[n0rbie] 05/8/2020 08:17

lol @ the troll posting stupid charts! Filtered

[lord gnome] 05/8/2020 08:14

And the world could end tomorrow, Buywell. You really are clutching at straws with this one. When you find yourself in a hole, stop digging. It may dip a bit, but as long as the divis keep coming I can cope with that while the pandemic plays out. Long term, this is good value for anyone buying today.

[buywell3] 05/8/2020 08:08

Another chart possibility based upon a bit of share price crabbing sideways


free stock charts from uk.advfn.com

The above could occur IMO if the previous red channel support failed


best of luck with this financial

dyor

[rdh21] 05/8/2020 07:56

Sorry, you said a company with 4.63p EPS drops by half of 10p, i.e. 5p, it would become loss making. Did you go to Harvard business school? PHD in mathematics?

Also did you just reference yourself in the third person? The cringe is hard with this one

[rdh21] 05/8/2020 07:49

so Buywell, you're saying if a company with an EPS of 5p, reduces its EPS by 10p, it'll be loss making? What an insight.

[bountyhunter] 05/8/2020 07:45

buywell is in a bubble of one here, I'm expecting this to rise today on these results given the tough environment over the last few months

[p0pper] 05/8/2020 07:44

buywell, maybe but still earning and this has been by far the worst quarter so far with big banks, car firms, airlines etc etc all recording billions and billions in losses so overall a good set of results

[scepticalinvestor] 05/8/2020 07:44

and yet OP is up?#pulling at straws

[bountyhunter] 05/8/2020 07:44

Yes solid results ahead of peers with a maintained Divi.

[lord gnome] 05/8/2020 07:41

Given the circumstances, this is a sound set of results. Happy with the maintained dividend.

[buywell3] 05/8/2020 07:39

Earnings per share has dropped considerably to 4.63p

From a comparable 14.66p 6 months 2019

Another drop of even half of that 10p in the next 6 months and this will IMO be loss making

dyor

[scepticalinvestor] 05/8/2020 07:26

beat consensus too

[scepticalinvestor] 05/8/2020 07:08

not bad - OP up, divi maintained

[scepticalinvestor] 04/8/2020 21:49

ah fair point.am long toogl!

[milliethedog] 04/8/2020 20:42

Yes, i get that; to 'balance' the books.

But just thought it was unusual that 'auction' trades outnumbered open market trades
Especially as results tomorrow

Good luck all; am long mysels from 207
M