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PRU Prudential Plc

723.80
9.80 (1.37%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Prudential Plc LSE:PRU London Ordinary Share GB0007099541 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  9.80 1.37% 723.80 6,499,987 16:29:54
Bid Price Offer Price High Price Low Price Open Price
723.80 724.20 730.00 720.60 725.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Life Insurance USD 12.19B USD 1.7B USD 0.6178 11.72 19.93B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:52:06 O 47 727.955 GBX

Prudential (PRU) Latest News

Prudential (PRU) Discussions and Chat

Prudential Forums and Chat

Date Time Title Posts
17/4/202409:55Could PRU be the next AIG??1,910
01/10/202019:30Perseus mining2
25/3/201914:26No chat, no prices.-
07/8/201815:38Trade it AND Treble your Money in 2 Years.427
12/4/201518:18Prudential still heading for 1500?2

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Prudential (PRU) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:52:18727.9647342.14O
17:52:18723.472,69319,483.15O
17:45:02723.87965.15O
17:45:02724.735383,899.04O
17:45:02723.402241,620.41O

Prudential (PRU) Top Chat Posts

Top Posts
Posted at 26/4/2024 09:20 by Prudential Daily Update
Prudential Plc is listed in the Life Insurance sector of the London Stock Exchange with ticker PRU. The last closing price for Prudential was 714p.
Prudential currently has 2,753,215,842 shares in issue. The market capitalisation of Prudential is £19,927,776,264.
Prudential has a price to earnings ratio (PE ratio) of 11.72.
This morning PRU shares opened at 725p
Posted at 15/4/2024 17:47 by scorpione
The 20 dirt-cheap UK stocks that could make YOU a packet



8) PRUDENTIAL (FTSE100)
Jonathan Unwin, UK head of portfolio management at Mirabaud Wealth Management, says Prudential represents a 'compelling opportunity' for investors.

The shares have declined in value by 37 per cent over the past year – a result of being listed on the out-of-favour UK market and economic clouds in its target markets: Asia (China especially) and Africa.

Yet Unwin is convinced that Prudential's strong franchise in Hong Kong (spilling into wider China) will improve. He says: 'Its double-digit growth in revenues is not priced into its shares. Its share price is cheaper than the wider European insurance sector.'

Investor Interactive's Richard Hunter says the opportunity for the company to write additional insurance premiums with consumers in these two continents is 'significant.' The shares are priced at £7.16, and the dividend yield is modest at 2.3 per cent.
Posted at 12/4/2024 16:33 by careful
Just bought a few.
PRU shares have halved, are things that bad?

China seem to be the bogy men in the USA at the moment.
Our village idiot Ian Duncan Smith never stops slagging them off now his Brexit work is finished.

One US Government official on CNBC warned the China were trying to become the Worlds strongest economy and thus are a threat to the USA.
Of course, it is called ambition... they really are crazy in the States, they can't stand the competition as China move up the value and technology chain.
They will ban Tic Tok, it is too popular.

We have to hope that if Starmer wins we can stop taking instructions from America.
We should trade with China and India, I bought PRU today thinking that relations should improve.
Posted at 05/4/2024 11:01 by essentialinvestor
Look at what % of their profitability is derived from HK and China - that's your answer.

No point railing against the business, their closest listed competitors have also taken large share price hits.

Aviva is a UK focused business, now very little in common with PRU.

AIA may be the closest listed competitor and arguably in a stronger position than PRU - their share price down the best part of 40% over 5 years.
Posted at 20/3/2024 12:56 by 1jat
Cjac
My views on the current Pru. (Sorry not particularly structured as written here rather than pasted in).
The company has a number of prime positions in territories across Asia, there is diversification here, when one booms another busts, so there is always something for the optimists and the pessimists when it comes to these results. The results were presented positively and did seem to be much better than last year. The negative did appear to be the phasing of profits in 24-27 which seemed rather back loaded - and with the China re-opening in 23, it will be an achievement for 24 to be better.

The metrics for solvency are based on HK regs so it is perhaps best to compare capital strength with AIA / Ping A rather than try to compare back to UK listed stocks for comparators.
The business has been moving towards more regular premium risk business and (Health and Protection) which has improved margin.

As to the embedded value of the company, it has produced EEV and IFRS versions, both of which show the company is trading at a significant discount.

The shareholder base is an issue for Pru as its legacy is in London institutions, it needs to move more of the investor base to the Far East and that may reduce some of the East/West geo politics. Pru was trading up in HK after its results, but got trashed in London, maybe some sellers wanted to sell into the bounce but overwhelmed the London appetite to buy turning it to a selling frenzy.

The business case (addressing the protection and savings needs across Asia), is still strong and the addressable market should continue to increase. There do not appear to be operational issues relative to competitors. However the investment case rests on whether the geo political risk is adequately rewarded in the discount to book value + dividends and other shareholder value returns.
I am not sure that analysing the accounts or business presentations is going to help with this problem- but it will highlight the discount to book value. As we know other UK Financials also trade at large discounts to Book value and that is largely driven by sentiment.
Not sure what teh company can do to create a break to the upside while is faces into continued friction between China and the US.
Posted at 10/3/2024 17:31 by 1jat
Very wise Churchill….Ithink we will learn a lot from AIA. I expect Pru to follow AIA direction after results.
The Q3 sales update and the last HY update did not seem to merit the relentless fall seen since.
The banks seem to be quite happy to build up their Greater Bay Area wealth management operations….I suspect there is still plenty of Chinese money entering the HK system and the results will not be as catastrophic as the share price is indicating.
What will be just as important is what is said about future direction of the market and Pru….It still has to address the JVs in China and India which are the biggest potential markets if not the current largest markets.
Posted at 07/3/2024 13:39 by churchill2
Share price has deviated away from the price in HK. Approximately at current exchange rate just over £7.50 in HK. How does this get rectified I wish I knew. Results for A1A next Thursday then by the PRU the following Wednesday so I am going to wait and see.
Posted at 04/3/2024 12:04 by essentialinvestor
Anarchist, it's not just PRU - look at at the Ping Ang share price chart over the ladt 5 years . Similar to PRU.
Posted at 01/3/2024 14:59 by churchill2
Seems to be handcuffed to the price of Pru on the Hong Kong Stock Exchange. Not sure what the solution is but it looks remarkable cheap based on the third quarter 2023 numbers. That improved outlook was reportedly carried on the fourth quarter so the year end numbers should be reasonably satisfactory on the 20th of this month. So unless there is something nasty lurking in the background Taiwan for example the share price could rebound. Unfortunately I have thought that for quite some time.
Posted at 13/1/2023 11:49 by 1jat
This rally looks like it could still have some way to go……the rise shows no sign of levelling off although it must do eventually (will CNY cause a pause?)

It is still cheap by historical standards…..which we may hope for a return to.
If you are anchored against a Pru share price of £15, that needs to be upped by the decline of £ against the $ making it more like £17.50/£18
Posted at 13/9/2022 11:04 by churchill2
Interestingly the Pru share price in HK this morning is 89.85 HK dollars. At the current exchange rate 1088 dollar to the pound eguates to 977p.
Seeing as the HK Stock Exchange was closed Monday and fairly neutral today suggests the lead comes from London reinforced by the fact A1A was down today.
Prudential share price data is direct from the London Stock Exchange

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