Legal & General Share Discussion Threads

[scepticalinvestor] 17/9/2020 08:52

short attack? must be, his is falling off a cliff

[scepticalinvestor] 16/9/2020 15:48

anyone with half a brain is now adding / buying220p is easily do-able in a week or two.rsi is insane

[dope007] 16/9/2020 10:53

Just picked some up for a starting position in LGEN

[netcurtains] 16/9/2020 10:43

sicknote: Well my well timed buys of BT and ITV this morning are doing OK, I hope L&G will join the party soon (perhaps after 12?)

[s34icknote] 16/9/2020 10:31

Over due a bounce !!

[netcurtains] 16/9/2020 09:33

sicknote: I bought a few. Just to trade (for now)

[mo123] 15/9/2020 14:24

Bought a few after reading this note. See how it goes. Mo

hxxps://seekingalpha.com/article/4374327-legal-generals-9-yield-is-steal-covered-1_8x-eps?utm_source=feed_articles_investing_income_all&utm_medium=referral

xx=tt

[cl0ckw0rk0range] 15/9/2020 14:23

Yes it's the sub £2 buy and trade

[gary1966] 15/9/2020 14:16

Yep more than doubled my holding today. Moving above 30 on the 14 day RSI and momentum indicators building when the price is moving in the right direction is hopefully a good sign. Yielding just under 9% and management that were prepared to stand up to the PRA and continue paying the dividend. Just feel this has fallen too far of late and is due a reasonable bounce.

GLA

[s34icknote] 15/9/2020 13:03

Some chunky buying net In at 198 p

[tornado12] 14/9/2020 19:54

I think we are in for major turbulence in UK equities to end of year. The Covid Yo-Yo and the Brexit radioactive fallout will seriously screw up the indicators as things stand today. Is there really any major optimism for UK equities in the next months ? Unfortunately the Boris factor is not helping with his continuous changes in both direction and strategy. Cmon Boris get a grip !

[netcurtains] 14/9/2020 19:13

cummings: "the SUB PRIME minister"

[williamcooper104] 14/9/2020 19:10

It's very much U.K. domestically focused - more so than aviva So I think we need look no further than our prime minister (or rather his Cummings overlord)

[williamcooper104] 14/9/2020 19:09

In the 2000/01 crash there was a huge problem with solvency reserves and equity holding Since then most annuity providers have focused more on fixed income than listed equities (though pension funds have been much slower to do this) In the credit crunch there were fears that fixed income would cause problems, but turned out that most insurance companies didn't have sub-prime and mainly had robust loans

[cl0ckw0rk0range] 14/9/2020 19:09

LGIM TR1 will tell you just that

[scepticalinvestor] 14/9/2020 17:39

Fair points but the majority of their funds overperform the benchmarkReally is a solid business - absolutely no (logical) reason for this dip imho!

[netcurtains] 14/9/2020 17:30

I guess one problem with L&G - no idea could be million miles wrong - is not the Insurance side (thats probably OK) but rather where they invested all the money...
Have they invested in a load of stocks that crashed (like airlines etc etc) - Do they list out their investments? Are they OK or have they taken a hammering? Just thinking from the top of my head.
Probably nonsense. Most like they put the entire wad on Tesla Motors and are quids in.

[scepticalinvestor] 14/9/2020 17:17

haha yes, the mkts are anything but logical!!

[netcurtains] 14/9/2020 17:08

ScepticalInvestor: If it helps any I bought Pearson a while back thinking the worlds gone back to school so pearson share price should rise.... Alas its not happening, at least its not happening as fast as I thought. Oh well!

[scepticalinvestor] 14/9/2020 16:51

Another 4% down for the week, 17% down for the last month.so 4% odd per week.added a short to hedge today, this drop really make no sense.

[scepticalinvestor] 14/9/2020 16:40

lol is it groundhog day?

[scobak] 11/9/2020 20:33

Do you mean 5 weeks? Certainly not 7.

[scepticalinvestor] 11/9/2020 17:26

Interesting - this is now the 7th week in a row that LGEN has finished down for the week...momentum (and SP) falling off a cliff

[netcurtains] 11/9/2020 17:00

Pierre Oreilly: Yeah you are like me: "easy come easy go"....