Legal & General Share Discussion Threads

[woodhawk] 07/5/2024 22:38

Tuvart,

PHNX was last around 800p 3/4 years ago, LGEN was above 300p around the same time. No reason at all why we shouldn't see those again, or better, in future. They'll still be high yielders even then.

[turvart] 07/5/2024 22:34

The Fundamentals, LGEN is seriously under priced probably due to this IFRS accounting.

[zac0_4] 07/5/2024 22:17

". . . My targets for 2028 are 370p LGEN . . . "

Based on what exactly? It certainly can't be historical performance. So, what do you think is going to deliver a 50% uplift in the LGEN share price?

[turvart] 07/5/2024 22:02

Woodhawk,

I totally agree with what your saying, I've recently added both to my portfolio and up on them. My targets for 2028 are 370p LGEN, 720p PHNX and my best is AZN of which IMO will be north of £300 share price by 2028. As per usual we will see :-)

[woodhawk] 07/5/2024 20:25

Need a couple of years more to get back to a more realistic valuation for many UK companies. A 400p share price for a 6% yield in a couple of years for LGEN? Somewhere north of 900p for PHNX yielding the same... and many, many others currently out there.

[tornado12] 07/5/2024 15:04

A good rise today on the hope again of interest rate cuts and seems to be a real re-rate on the FTSE in the last 3-4 weeks. Quite impressed by it and the broker comments like UBS … Trouble is we are fast approaching divi reinvest timings while the share price move north. Seems to occur pretty regular in my experience GLA

[pj84] 06/5/2024 23:19

MCunliffe1 a useful tip I picked up elsewhere on ADVFN is that when the link has a question mark you can usually delete the question mark and everything that follows and the link should still work.

[rongetsrich] 06/5/2024 21:03

Mark, could I be cheeky and ask for it as well please?As for Woody and his minions that worship... he's made some absolute howlers I think, not that anyone would brag about them!

[zac0_4] 06/5/2024 19:33

marksp2011 - " . . . Fully understand people holding high yielders . . . but they are poor accumulation vehicles . . . "

Totally agree

[mcunliffe1] 06/5/2024 18:56

Skinny - you never fail me. Thanks.

It's less than six minutes to Bourbon time but tomorrow I will play around with your linked instructions and try to fix that bloody long link.

20 years ago I'd have been a bit sharper on the I.T. mullarkey. Now, Bourbon interests me more given my recent retirement.

Thanks again.

[loafingchard] 06/5/2024 16:37

Thanks bud ?

[marksp2011] 06/5/2024 16:32

sureI will hook it out and pm it to you. I posted the same stuff on all the life threads. It was worthwhile as it started a side conversation on risk, volatility and portfolio construction.

[loafingchard] 06/5/2024 16:16

Hi MarkDo you have the post number for your analysis / comparison? I scrolled back over the last few months and couldn't find it.Cheers

[skinny] 06/5/2024 15:15

MCunliffe -

[woodhawk] 06/5/2024 15:14

I can indeed think of a some better choices then LGEN. Nevertheless, I have a large investment in it, because it has a history of paying large, reliable divis. Whether there is a capital gain too (or not) is somewhat down to historical purchase levels (of which you have no idea - nor anyone else's either). Only an idiot would not spread their investments, hence I'm happy to hold LGEN (alongside others that may or may not perform as well or worse) - probably until such time as the massive yield I have locked in declines much nearer to the index average - by which time I will have made a substantial capital gain too ads well as accumulating above average dividends for as long as I hold.

"Fully understand people holding high yielders if they are paying their electricity or whatever but they are poor accumulation vehicles" - patronising rubbish. I can reinvest my very high dividends to buy (in my opinion) cheap shares. THAT is excellent accumulation.

[marksp2011] 06/5/2024 14:20

LGEN is what it is. Slow growing high yielder that will usually give you a positive real return.If you are taking the income and can stand the capital volatility great. If you want the income but may need to access the capital there are better choices There are plenty of people happy to post about the thud of their dividends into their bank account. That's good but not so great when the capital loss exceeds the divi paymentI have posted the relative performance of av, LGEN, mng, phnx, ISF, jggi ggrp and VWRL over different time periods anyone can look it up over whatever time period they choose. The answer is obvious.Fully understand people holding high yielders if they are paying their electricity or whatever but they are poor accumulation vehicles

[unastubbs] 06/5/2024 13:19

I'd love for L&G to turn in to a UK Berkshire Hathaway, start owning companies outright, become an old style conglomerate. OK so stockmarkets hate conglomerates. hasn't done Berkshire any harm. I guess Buffet and Munger have been the difference there...plus US investors willingness to back them blindly. Just doesn't seem to likely with our timid investment pool...

[netcurtains] 05/5/2024 07:54

Warren Buffett's cash pile is now $189 billion.
That is more than the market cap of Shell, the UKs largest company.

With that cash he probably could buy most of the FTSE100..
LGEN would be petty cash....

[rongetsrich] 04/5/2024 11:33

Trev, I have explained this numerous times to him, he just cannot fathom out a FTSE 100 big hitter, or understand that post divi people move on.You dabbling again?

[laurence llewelyn binliner] 04/5/2024 11:18

Positioning ahead for rate cuts is where we need to be, as the dialogue/commentary softens and points towards rate reductions investors/holders are or should be front running it..

BUT, given the weak share prices out there now, some MnA bids would not be at all surprising..

[123trev] 04/5/2024 10:21

Pierre makes some very good but very obvious points there you don’t bet the farm on illiquid stocks and you don’t sell before the divi to make a couple of pennies you should always aim to make double the dividend. Selling here before the dividend at £2.54 then buying back again at £2.25 before the next one is more than possible here. I don’t really consider that reckless gambling you just have to have patience. Of course it doesn’t always work out that way but most years it certainly does and while you wait you take advantage of other possibilities but you always make sure they have strong fundamentals.