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PRU Prudential Plc

743.00
-12.80 (-1.69%)
28 Mar 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -12.80 -1.69% 743.00 742.20 742.60 759.80 739.80 752.00 8,775,116 16:35:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Life Insurance -8.22B 998M 0.3625 20.48 20.44B
Prudential Plc is listed in the Life Insurance sector of the London Stock Exchange with ticker PRU. The last closing price for Prudential was 755.80p. Over the last year, Prudential shares have traded in a share price range of 719.00p to 1,233.50p.

Prudential currently has 2,753,215,842 shares in issue. The market capitalisation of Prudential is £20.44 billion. Prudential has a price to earnings ratio (PE ratio) of 20.48.

Prudential Share Discussion Threads

Showing 2351 to 2369 of 2375 messages
Chat Pages: 95  94  93  92  91  90  89  88  87  86  85  84  Older
DateSubjectAuthorDiscuss
28/3/2024
07:29
One broker, probably on out of date wine, has 1750p target, reduced from 1800p.

HSBC is for 1150p
JP Morgan...1350p
BARC...........1640p

Price at the mo 755p.
I have it at 825p, Happy to get out at b/e.

demo trader
28/3/2024
07:01
Would I be right in thinking that this came perilously close to the 5 year low of 710 few days ago.

Might have to rethink things bound to be a few bargain hunters around I won t be amongst them for the reasons mentioned in earlier post and those doubts persist.

Good luck all

jubberjim
27/3/2024
17:44
Investors are starting to look at Xi and they are not liking what they see.

Hence avoidance of the Pru as it has made no secret of where it's direction lies and matters are not helped by the rhetoric being spouted by the aforementioned.

Investors are starting to vote with their conscience hence no matter the attraction of the company and the dividend thereof remains unloved

One to avoid in the current climate.

Sorry folks

jubberjim
23/3/2024
11:00
It will not bounce until the Hang Seng gets off its knees. Pru HK 738 plus exchange difference 748p. The simple truth is you can buy the shares cheaper in Hong Kong than here and until that changes over a decent period of time the Pru is handcuffed. Just look at Ping AlA and other previous high flying shares all bogged down by a Chinese economy that has gone sour.
churchill2
23/3/2024
10:31
I’ve been saying that since £10!
Suet

suetballs
23/3/2024
10:18
Tempted tontrade this to 800p plus. Should bounce.
con90210
22/3/2024
07:43
Back on the prowl this morning bid still active for me.
jubberjim
21/3/2024
08:47
Money moving to APH [LSE] , excellent profitable healthcare company
blackhorse23
21/3/2024
08:17
Sold out in morning spike.
action
21/3/2024
06:16
I don t know whether I was being overly optimistic or pessimistic with my bid left yesterday at 707

Close but no cigar obviously but will leave it in place for a little while longer

Stranger things have happened and you just don t know what s next in this topsy turvy market

Good luck anyone trying to make sense of it all

jubberjim
20/3/2024
16:21
appreciated 1JAT. will let you know how i get on
cjac39
20/3/2024
16:19
LUD, depends on what timeframe you are looking at, if you've held ultra long term the gains are immense, even at these levels - around 1,000% over 30 years - without divi reinventment.

With divi reinventment well over 1,500%.

essentialinvestor
20/3/2024
16:17
It certainly has.
luderitz
20/3/2024
16:14
It’s ironical that the day the Pru reaches a new low the free shares granted to shareholders in Jackson Financial USA reaches a new high. The other portion floated off M&G has not performed to badly either. Just a pity that the main company has gone backwards for so many years.
churchill2
20/3/2024
12:56
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.

1jat
20/3/2024
12:37
I am out of step with everyone these days.

I think Putin has an understandable position wrt Ukraine and Crimea, the most modest understanding of the history of the last 300 years, particularly the last 100 years, would confirm this.

Also China and its relationship with Taiwan and Hong Kong is bound to be important to them. I see their point of view.

Sending warships to the South China Sea makes me shudder. I would be more fearful if China or Russia sent warships to the Gulf of Mexico.
America would consider that to be a provocative act of war.

careful
20/3/2024
12:09
Porsche

The medication obviously ain t working but keep trying.

You ll get it right next time.

jubberjim
20/3/2024
12:05
As long as Xi continues to wave his arms(sic) and obliquely continue to make menacing noises in the direction of Taiwan then we are in for more of the same.

It is time and that time maybe now that people are starting to question of buying Chinese manufactured goods whether it be toys or EVs

In some cases there is not a lot of choice but I can live without them and live with my inner voice a lot more easily.

jubberjim
20/3/2024
11:19
Have picked 707 as suitable re-entry point

Don t know whats going on but havent been here since mng was sent on its way.

jubberjim
Chat Pages: 95  94  93  92  91  90  89  88  87  86  85  84  Older

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