Prudential Share Price - PRU
|Share Name||Share Symbol||Market||Type||Share ISIN||Share Description|
|Prudential||LSE:PRU||London||Ordinary Share||GB0007099541||ORD 5P|
|Price Change||Price Change %||Share Price||Bid Price||Offer Price||High Price||Low Price||Open Price||Shares Traded||Last Trade|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)||RN||NRN|
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|27/8/2015||09:47||UKREG||C&C Group Plc Holding(s) in Company|
|26/8/2015||17:36||UKREG||HgCapital Trust PLC Holding(s) in Company|
|25/8/2015||14:07||ALNC||IN THE KNOW: US Fiduciary Standards A Known Risk For Insurers|
|24/8/2015||18:41||DJN||U.K. Financial Firms Feel Emerging Market Pain|
|24/8/2015||10:10||UKREG||Low & Bonar PLC Holding(s) in Company|
|24/8/2015||07:35||ALNCF||Alliance News Flash Headline|
|21/8/2015||14:00||UKREG||Prudential PLC Holding(s) in Company|
|17/8/2015||14:54||UKREG||Prudential PLC Director/PDMR Shareholding|
|12/8/2015||13:11||UKREG||Porvair PLC Holding(s) in Company|
|11/8/2015||22:50||DJN||ADRs End Lower; Miners, Steelmakers Among Decliners|
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|13/8/2015||18:54||Trade it AND Treble your Money in 2 Years.||379|
|12/4/2015||18:18||Prudential still heading for 1500?||2|
|20/3/2015||07:44||Could PRU be the next AIG??||1,259|
|20/11/2014||09:07||Prudential - good theme, just wait for weakness||-|
Prudential Top Chat Posts
|mike740: From The Motley Fool today........ Aviva plc, Legal & General Group Plc And Prudential plc Have Completely Thrashed This Market By Harvey Jones - Wednesday, 19 November, 2014 When I did a portfolio spring clean earlier this year there were two stocks I didn’t even consider dumping: insurance giants Aviva (LSE: AV) and Prudential (LSE: PRU). I’m glad I held onto them, because both have thrashed the wider stock market, as has the other big name in the life sector, Legal & General Group (LSE: LGEN). How To Crush The Market While the FTSE 100 has stagnated over the last 12 months, Aviva is up 25%, L&G is up 16% and the Pru is up 18%. That’s tremendous performance in what should have been a difficult period, given market stagnation, and Chancellor George Osborne’s radical pensions overhaul, which instantly halved annuity sales. Pru’s Aim Is True Pru has smashed analyst expectations again, with double-digit growth year-to-date in both new business profits and annual premiums across its three life businesses in the UK, US and Asia. Its asset management business also saw net inflows of £9.6bn, including strong performance in the UK. The Pru share price is up 150% over the last three years, and although its 2.23% dividend yield disappoints, there is plenty of scope for progression on that front. A Legal Matter L&G also has momentum on its side, its share price up 136% over three years. Q3 results showed impressive growth in revenues, operating profits, customers and net cash, and a continuing strong return on equity. Individual annuity sales fell 60%, but the bulk annuity market is more than compensating, while its investment management business saw total assets increase by £82bn to £676bn. Its 3.8% yield trumps both Prudential and the FTSE 100 average of 3.5%. Viva Aviva Aviva is playing catch up with its runaway rivals, but I bought it as a recovery play, and it is steadily getting there. Its net asset value is up 10% year-to-date, new business is up 15% by value and its general insurance combined ratio has improved to 95.9%. Aviva may lack Prudential’s exposure to fast-growing Asian markets, but its tighter focus on the UK and Europe has served it well. Although its 2.8% yield hardly thrills. Reassuringly Expensive All three insurers benefit from low interest rates (which force savers to consider more dynamic alternatives), ageing Western and Asian populations, and the push to encourage private pension provision. Success comes at a price, however. All three look expensive right now, with L&G and the Pru trading at around 16 times earnings, and Aviva at 24 times. Given their breakneck growth, that may be a price worth paying.|
|jeffcranbounre: Prudential is featured into today's ADFVN podcast.
To listen to the podcast click here> http://bit.ly/ADVFN0|
|worsleybird: The Pru and thin-skinned, idiot regulation Paul Murphy | Mar 27 10:44 | 5 comments | Share A theory was gaining ground on Wednesday that, having utterly failed in any way to deal with Britain's cartwheeling banks ahead of the crisis, the FSA, Britain's alleged financial regulator, has now set its sights on wrecking the healthy side of Britain's financial sector. The Prudential has been fined £30m, and its strikingly successful chief executive, Tidjane Thiam, has been censured, seemingly for worrying that someone at the FSA might possibly leak news of the Pru's ultimately bungled takeover bid for AIA three years ago. Yes, you read that correctly. Amid the commercial real estate bust, the mortgage fraud, the credit market shenanigans, the drug-money laundering, the sanctions busting, the Libor-rigging and the tax-dodging of recent years, the ONE Footsie chief executive to get censured by the FSA since the onset of the crisis five years ago is the guy who's doubled his share price and actually doesn't seem to have done anything wrong. Read the full final notice on this and see whether you can find the crime. Click to read. The short story here is that in planning a bid for AIA in early 2010, Thiam was paranoid about the deal leaking - having watched a previous attempted takeover of AIA collapse a year earlier due to the details escaping early. As part of the frantic negotiations over what was a potential $35bn deal, Thiam and his board had time-tabled their planned notification to the FSA, but the chief executive failed to mention it at an FSA annual review of the insurer a few days earlier. Result: three years of regulatory wrangling and a £30m fine. In the event, the deal did leak and the bid failed. The story was broken by our erstewhile colleague, Francesco Guerrera, writing out of the FT's New York office. Since then, the Pru's share price has doubled. We can only guess how the insurer might have performed had Thiam been left to concentrate on running the business, rather than wrangling with regulators. How did the FSA get to a figure of £30m? We have no idea, other than noting fine-bloat on the other side of the Atlantic. Tough regulation = big financial penalties, etc. But the FSA needs to be careful here. US regulators can hand out eye-watering sanctions safe in the knowledge that financial firms have to remain operating in the world's largest economy. But Britain's a little country, with shrinking GDP. Businesses like the Pru see their future in Asia...|
|gbb483: We are shortly going to be quantitatively easing into a share price collapse across the board.|
|bobsidian: Ugly charting pattern under development. A retest of the recent lows whilst forming a near term head and shoulders pattern. At any other time this formation would suggest further downside with perhaps £4.90 being a target for any further tumble. The only saving grace is that the share price is currently underpinned by the 38.2% Fibonacci retracement level of the entire move up from March 2009 to May 2011. But were this technical level to be breached then a further fall to £4.90 would see the share price move to complete a 50% Fibonacci retracement of the same entire move. Not a very good performance today by European equity markets.|
|jazza: Nothing like AIG.....but PRU does have a lot of its value in equities....which are getting hammered. Equities hammered = PRU share price hammered. Simple as that.|
|crosswire: THE STREET AUGUST 13, 2009, 9:37 A.M. ET
Prudential Leads the Pack
By SEAN WALTERS
Prudential Chief Executive Mark Tucker is leaving on a high. The U.K.-based life insurer's first-half results comfortably beat market expectations, and Prudential raised its interim dividend in contrast to some of its domestic peers. But a change of CEO won't mean a change in corporate strategy, so the likelihood of Prudential's U.K. business becoming part of Clive Cowdery's consolidation plans for the U.K. life sector remains remote.
Mr. Tucker's strategy to write profitable business rather than maximizing sales is paying off for Prudential. Like its peers, the insurer saw the economic downturn and a decision to pull back from writing capital-intensive products hit its first-half new business sales. They were down 8% year-on-year. But an improved product mix resulted in increased margins across its U.K., U.S. and Asian operations. It meant Prudential's £691 million ($1.14 billion) pretax new business profit was 25% higher compared with the previous year -- local rival Legal & General managed just a 1% increase. Prudential has also put capital concerns to bed. The insurer now has a £3 billion capital surplus over the regulatory minimum -- its 262% solvency ratio is among the strongest in the sector.
Prudential's robust performance means Chief Financial Officer Tidjane Thiam, due to succeed Mr. Tucker in October, is unlikely to steer a radically different course. Prudential's U.K. business, which would make a prize catch for Mr. Cowdery's Resolution consolidation vehicle, should remain firmly within the group. Arguing that proceeds from its sale could reap higher returns in Prudential's U.S. or Asian operations, where margins are wider, misses the importance of the U.K. business to the insurer. The region contributes about a third of total operating profit. And the capital in the U.K. business, notably the £5 billion surplus in the with-profits fund, is a key support to Prudential's A-plus credit rating, which is important to winning business globally.
Prudential's share price rose 8% Thursday, having outperformed the sector by 13% over the past year. It trades at embedded value, compared to the sector's 20% discount -- a premium the insurer deserves.
|masurenguy: Pressure grows on Prudential boss as jittery investors dump shares
Prudential has lost a fifth of its stock market value in just two days as Britain's biggest insurer battles to convince UK investors to pay up for its $35.5 billion Asian expansion. Yesterday's 42˝p drop in the share price means that £3 billion has been wiped off the Pru's market value since Monday, when it stood at £15.3 billion.
Three top-20 shareholders said they were seriously questioning whether to subscribe to its record-breaking $21 billion rights issue, a crucial part of the financing for the deal. Investors also complained about the three months it would take to complete the issue, saying that it left the company and existing shareholders vulnerable to speculators seeking to profit from a collapse in the share price. One large investor, who is unlikely to support the rights issue and may even have quit the share register by the time the deal completes, said: "This has been astonishingly badly handled. The Pru has overpaid and is paying away a lot of the growth prospects. The timing is a concern, with signs that China is slowing. This is going to be hard to justify for us. It clearly makes sense to buy into Asia over the next 10 to 20 years, but not if we don't start getting the benefits until year seven."
|dmf: There was comment that the offer could only be made following the appreciation in the share price of the PRU - it must call into question this deal if share price continues to decline. A further negative is exchange rates £/$ this will hit the PRU hard if £ is expected to reach parity with $|
|masurenguy: PRU directors cannot control the share price. A deal of this size is unprecedented and the declining value of the pound means that the final price is uncertain too. Markets hate uncertainty and that can play havoc with share prices !|
Prudential Most Recent Trade
|Trade Type||Trade Size||Trade Price||Trade Date||Trade Time||Currency|
|700||1,418.00||28 Aug 2015||17:08:04||GBX|