Legal & General Share Discussion Threads

[melmoo] 24/4/2024 10:59

I wasn't expecting a drop, even a small one, the day before it goes ex-div.

[marktime1231] 23/4/2024 16:04

Oh yeah it is only Tuesday today oops.

[kirkie001] 23/4/2024 16:00

It certainly will be a shock tomorrow.. XD day is Thursday... ;)

[marktime1231] 23/4/2024 15:56

Given all the positives it is a shame LGEN hasn't risen more strongly in the run in, I was hoping for at least mid 260's. And it will be a bit of a shock to the system if ex-div kicks the share price back down to the 230's -edit.

Wonder what the chance is of good macro news allowing LGEN to regather in the coming months.

[davethehorse] 23/4/2024 15:20

Stick or twist lol

[jubberjim] 23/4/2024 11:21

Will be looking to buy after it goes ex dividend might have to wait for another week all depends on BATS and how that behaves but whole market is trading in a strait jacket at the moment

Good luck all

[adejuk] 23/4/2024 08:30

nice to see a rise pre ex-div

[rongetsrich] 23/4/2024 08:27

I'm hoping to swell half today, a sell in at 255.3. If it goes live PHNX, MNG and Aviva it should drop more than the divi.I'm not convinced it will hit my price, but if it does it's another small win, and if the price doesn't go down enough I will move on.Luck does not last forever!

[bargainsniper] 22/4/2024 16:50

Https://www.proactiveinvestors.co.uk/companies/news/1045830/legal-general-will-continue-to-lead-bulk-annuity-gains-says-ubs-1045830.html

[cwa1] 22/4/2024 16:34

Warnings that a sharp decline in interest rates will lead to a potential fall in UK bulk annuity volumes are overdone, suggests UBS, which expects Legal & General to be a major beneficiary of the continuing trend.

UK bulk annuity volumes hit historic levels in 2023 at £49.1bn according to actuarial consultancy LCP.

Over 2023 Rothesay took the largest share of the market (£12.7bn at a 26% share), followed by L&G (£12bn at a 24% market share) and then PIC ( £6.5bn at a 14% market share).

These high volumes were driven by the rise in UK interest rates, which led to a significant increase in funding positions of UK Defined Benefit pension schemes.

Moody's has warned that falling interest rates will have the opposite effect, at least partially.

We expect a key constraint for the industry achieving similar or higher volumes than 2023 over the next 5 years (expectations of £250bn cumulative) will be the ability for insurers to source high-yielding assets.

“Overall, we expect bulk annuity volumes to continue to track at £50bn pa over the next 5 years, with L&G within our coverage likely to take the largest share of the market at c.25%.”

[bareknee] 22/4/2024 16:14

CWA

The contrarian in me thinks that if record numbers of people are maxing out their Stocks and Shares ISAs then we're not far from a point in time that it's probably time to reduce exposure to the markets.

All we need to confirm we're in dangerous territory is having taxi drivers and random blokes in pubs giving stock tips !

[netcurtains] 22/4/2024 15:52

In the holders favour- the RSI of LGEN is very low ( I guess because people are scared to buy around the ex-div date) which might mean LGEN does not fall at all, or it might fall only a tiny bit.....

I'm no expert though.... If I was more certain I would have held on...

[uppompeii] 22/4/2024 15:48

It's a pretty miserable all time high though

[netcurtains] 22/4/2024 15:35

I sold the lot - took my profit off the table....

It if falls significantly after it goes ex-div I will buy back...

I've been thinking this for a few days and I thought today was
a good opportunity....

Since I think either outcome is 50:50 but one outcome means I lose money if
I hold, I thought it best to bank winnings and buy back later "IF" it goes
down...

If it doesn't go down, I'll probably move on and buy something else...

Cheers Net.

[jubberjim] 22/4/2024 14:56

I am not alone then in maxing out my ISA but I went with BATS

Cos I am ?

[skinny] 22/4/2024 14:15

The FTSE is close to testing the all time high @8,047.06......

[davethehorse] 22/4/2024 13:44

Not my chart, just a link but the chart is positive for decent rise imo...good luck if your shorting....lol

[cwa1] 22/4/2024 13:42

Apologies for the non-foodie post :-))

Hargreaves Lansdown reporting 31% increase in their customers maxing out their ISA in the first ten days of the new tax year...



...interesting list of what the clients have been buying...

Top 10 investments HL clients bought in first 10 days

Legal & General US Index (ETF)
Legal & General Group PLC (LSE:LGEN)
Jupiter India (fund and investment trust)
Fundsmith Equity (fund)
Fidelity Index World (ETF)
Legal & General International Index (ETF)
Rathbone Global Opportunities (fund)
Legal & General Global Technology Index (ETF)
Aviva PLC (LSE:AV.)
Lloyds Banking Group PLC (LSE:LLOY)

[mcunliffe1] 22/4/2024 13:37

Thanks Skinny's wife. Saved, printed. GG: Shoulder is better than leg in my opinion.

[gbh2] 22/4/2024 13:31

Investment and dividend interest looks poor, I envisage a downturn similar to that experienced on Phoenix.

[123trev] 22/4/2024 12:44

Definitely will do dave and credit to you for having a laugh and not taking this personally it’s refreshing lol.GL

[davethehorse] 22/4/2024 12:42

Time to fill your boots here pre Thursday ex div....;-)

[davethehorse] 22/4/2024 12:40

Have one for me matey