Prudential Share Discussion Threads

[suetballs] 01/4/2020 08:02

But will our dividend be suspended?
Suet

[badtime] 26/3/2020 21:52

You mean you are relieved :)

[essentialinvestor] 26/3/2020 13:15

This has turned out lovely ).

[stevenrevell] 26/3/2020 13:05

It's holding up well being x divi

[dendria] 26/3/2020 13:02

It's gone ex-div today (~$26c).

[stevenrevell] 26/3/2020 12:57

Is this x divi today

[stevenrevell] 25/3/2020 09:39

Is this x divi tomorrow

[churchill2] 22/3/2020 18:46

Hi Stig

Yes there is a serious risk to the business but compared with other companies across a broad spectrum Prudential is in a better place than most.

If you read the transcript of the full years results presentation on the 11th of March Mike Wells gave an update on the Corunavirus in which he pointed out the virus had not impacted financially on us yet. No glut of claims.

Whether this suggests they can protect their asset base(not forced sellers)remains to be seen. So difficult to judge where we go from here but we all know depending on the news flow the share price swings will be astonishing. However there is a bright future out there eventually.

[the stigologist] 21/3/2020 16:51

Isn't there a serious risk to the business given the scale of this crisis

There will be a glut of claims on one hand whilst their asset base shrinks

[essentialinvestor] 21/3/2020 12:35

I sold just under 20% of my holding yesterday morning, hoping for an opportunity
to buy back lower next week. Not something I wanted to do as it's an added risk factor, but thought it may be one way of hopefully reducing my average holding price.

[hydrogen economy] 16/3/2020 18:15

Dipped below 700p today before recovering a bit, over 50% down in the month. Not the only sound business deeply in the red and no guarantee that the bottom has been reached.

The interest rate cuts and general market impacts will no doubt hurt PRU earnings and growth short term but on longer term view this is one I will look to add to along with LGEN a bit at a time as no idea where the bottom will be.

[cordwainer] 16/3/2020 15:41

supermarket = panic buying
stockmarket = panic selling

mass hysteria ?

[clinton baptiste] 16/3/2020 12:33

Just sold mine, in too soon last week = -25%

[badtime] 16/3/2020 11:50

Erm...adding?

[essentialinvestor] 13/3/2020 17:32

Action, I've added this week, perhaps too soon,
well there no perhaps about it!.

[action] 13/3/2020 15:41

EIsuch a good share with growth prospect in far east market has been thrown out of the pram.

[essentialinvestor] 13/3/2020 14:54

Might also be worth keeping in mind that Pru, pre de-merger, got down
to around £12.87 over the summer.

So if you take £2 from that figure for MNG, that gets you to approx £11
and that £11 was before to an equity bear market.

Just for some context. But Please DYOR!. And you are welcome.

[pineapple1] 13/3/2020 14:50

Thanks Essential.

Still in but its a bloody roller coaster.

[essentialinvestor] 13/3/2020 13:12

One trade for me today here, reducing my holding cost by 11 pence a share.


pineapple, I can't answer your question, or you may have just been thinking aloud?,
but would hope Mr Loeb conducted detailed work before taking a stake.

Posted a link to the letter Third Point sent to the PRU BOD - Best of luck, whatever your view.

[essentialinvestor] 13/3/2020 11:07

pineapple, short covering at the open? - at a guess.

[westofengland] 13/3/2020 10:47

No; its just that this is a stock which is easy for people to sell and there is indiscriminate selling of stocks at present.

[pineapple1] 13/3/2020 08:40

hmmm.....up 10% on open and now turned red. Is something rather nasty hiding here.

[essentialinvestor] 12/3/2020 13:09

bt, many thanks and luck with your holdings.

This market decline has been frighteningly quick.

[badtime] 12/3/2020 12:55

Hi EIForemost I wish you good health I bought a few at the beginning of the week thinking it was a good price ;)I'm beginning to think I might set my account with a few silly buy limits in small amounts in stocks like this and stop looking at the markets and get on with day to day life looking after loved ones ...more than anything to protect my mental health as much as financial.. I am down about 10% on the year but could cover half of that with last years unspent profit ..least I work out in the open ..but fear for those with jobs in the travel industry etc