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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Legal & General Group Plc | LGEN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.20 | 0.09% | 217.70 | 11:46:25 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 217.40 | 216.60 | 218.60 | 217.50 |
| Industry Sector |
|---|
| LIFE INSURANCE |
| Top Posts |
|---|
Posted at 14/11/2024 15:08 by drunker50 Crazy to think, this little unloved stock, paying 9% + pa, yet you have people climbing over each other to buy the mag 7, but here's the crazy bit, the highest paying dividend from all the mag 7 stocks is Microsoft at 0.78%, and a few like Amazon/Tesla don't pay any dividends at all!!!...When the bottom falls from beneath the mag 7 and investors start looking for real value again that's when Lgen will start heading back to six quid, but unfortunately for now, it looks like this still has further downside. |
Posted at 14/11/2024 08:56 by tornado12 Clear we are all Saint investors in UK as we have been patiently waiting for the last 5 yrs for consistent growth 🤣🤣 |
Posted at 07/11/2024 08:42 by yump Alternatively:“These actions might suggest”: - That top slicing a few shares that have flown up and unbalanced a portfolio, is a prudent action for anyone and particularly for a conservative investor. WB held way more value in eg. Apple shares than in others. Also, there are only a handful of wildly high shares that have distorted the index. So averaging them out and concluding the whole is overvalued is a misleading calculation. So selling them off will inevitably cause a slosh of cash, which will sit patiently waiting for a home. A wide ranging sell-off by WB might be more worrying. As for quoting previous “predictions&# |
Posted at 07/11/2024 07:43 by masurenguy Is Berkshire Hathaway’s record cash pile telling investors to be cautious?On 2 November Warren Buffett stated that the Omaha Nebraska-based company sold $36bn of its share portfolio in the third quarter, pushing its cash pile to a record $325.2bn. This means cash now represents just over a third of Berkshire’s market capitalisation. While it may provide a defensive buffer against market volatility, it is over 10 x the tactical cash position which Buffett has held historically. Last quarter marks the eighth consecutive period of net stock sales including another 100m of Apple shares, representing a cumulative 600m Apple shares sold in 2024, with the remaining stake worth around $70bn. These actions might suggest Buffett is preparing for tough times ahead and following his own advice of ‘becoming fearful when others are being greedy’. Adding weight to this view is the fact Berkshire has also halted share buybacks for the first time in 2024. Buffett believes it only makes sense to conduct share buybacks when the shares are trading at a discount to his estimate of intrinsic value. Berkshire shares are up around 23% so far in 2024, outperforming the S&P 500 index and taking the market value of the company to over a trillion dollars for the first time. Buffett does not try to forecast the short-term direction of the stock market, but he has in the past referred to a long-term indicator he describes as ‘probably the best single measure of where valuations stand at any given moment’. The calculation involves dividing the total market value of all publicly quoted stocks by GDP. This measure is equivalent to a price to sales ratio for a company. The indicator, which is sometimes referred to as the Buffett Indicator has identified prior peaks such as the technology bubble of the late 1990s. The reading as of 30 August 2024 was a record 209% (the market value of all stocks is 2.1 times US GDP) suggesting US stocks are trading 68% above their long-term trend line. |
Posted at 24/10/2024 14:55 by pj84 This is an investment forum for investors who wish to take control of their own investments and if anyone on here is naive enough to NOT realise that both the capital value and the dividends of any share can both rise and fall. They shouldn’t be investing in individual shares.I am not sure who these supposed naïve investors are, that you are trying to protect by being pedantic and considering Goldgeezer’s original post as a purely factual statement and I doubt if there are any such naïve investors reading this forum. There are no certainties when it comes to investing which is always dependent on unknown events in the future and even investing in government gilts by buying at issue and holding to redemption which is probably the closest you can get to a completely risk free investment, is still not entirely without risk and I am sure we can both think of events where the future interest payments or the final redemption could be affected by an unknown event no matter how unlikely. In my view, given the current level of interest rates which are predicted to fall, I believe the current share price and dividend represents an excellent time to invest on a long-term view and whilst I hope both the share price and dividends do increase over the next 7 plus years. I have no problem with the general thrust of Goldgeezer’s statement that even if they don’t this will still be a relatively low risk investment even if there is no growth in the share price or the dividend, current shareholders are still likely to be well rewarded over the longer term. |
Posted at 23/9/2024 10:47 by spud Legal & General investors unhappy with £1.2bn Cala Homes saleThe apparent disappointment over the terms of the deal agreed with Sixth Street Partners and Patron Capital, which has an enterprise value of £1.35 billion, continues the lacklustre run for shares since Simões set out his strategy in June. Alongside his vision for a “growing, simpler, better-connected L&G”, Simoes pledged £200 million a year of share buybacks and 2% dividend growth starting from next year. He told the City this would equate to more than L&G’s previous policy of 5% dividend growth under predecessor Nigel Wilson, who spurned buybacks in favour of investment. The company, whose 9% yield makes it a popular stock among FTSE 100 income investors, is due to pay an interim dividend of 6p a share on 27 September. The more disciplined approach to capital allocation under Simões meant CALA and some other assets were recently put into a new Corporate Investments Unit, with the goal of maximising shareholder value ahead of potential divestment. L&G said today that the CALA proceeds will primarily be used to reinvest in the group, which is focused on institutional retirement, asset management and retail savings and protection. It will also consider increasing shareholder returns through ongoing buybacks. The sale reduces L&G’s Solvency Capital Requirement by about £100 million, which analysts at Jefferies reckon lifts the company’s Solvency II ratio by three percentage points. The figure stood at 223% in August’s half-year results. Highlighting the deferred proceeds and the limited near-term upside to special capital returns, the City bank this morning predicted a muted share price response to the deal. The level of expectation attached to the CALA disposal is in sharp contrast to 2013, when the company spent a modest £70 million buying half the housebuilder. It was the first deal for a new Legal & General Capital division, which was set up following the financial crisis and had the aim of investing directly in companies and assets in under-funded sectors of the economy. CALA started as the City of Aberdeen Land Association in 1875 and was the first Scottish company listed on the London Stock Exchange. Since L&G’s first involvement in 2013, revenues and profits have grown by five and ten-fold to £1.3 billion and £112 million respectively. It has tripled the number of homes built each year to 2,917, with the focus on the south of England, Cotswolds and Scotland. L&G took full ownership of CALA in 2018, when it bought out one of today’s parties — Patron Capital — in a deal that valued the business at £605 million. spud |
Posted at 03/9/2024 20:02 by richie1218 A bit of lite reading while we await the share price to move northwards ..Race for British debt as pensioners die younger Tue, 3 Sept 2024 A drop in pensioner life expectancy since Covid has helped to fuel record demand for Labour’s first government bond sale, according to experts. Investors placed £110bn of orders for a £8bn bond sale on Tuesday, the first gilt issue since Sir Keir Starmer became Prime Minister. The level of demand was the highest ever recorded in proportion to the size of the sale, according to an analysis by Bloomberg. The Debt Management Office (DMO) was selling 15-year gilts that will mature in January 2040, paying an interest rate of 4.375pc. Market participants said the relatively short duration of the debt explained the demand. Megum Muhic, vice president at RBC Capital Markets, said falling life expectancies in retirement meant UK pension funds were racing to buy 15-year bonds, instead of the 25-year bonds, so that they could realise their investment gains sooner. Mr Muhic said: “Pension funds are very big buyers of long-dated gilts and their average liabilities have been getting shorter as average life expectancies in retirement have been getting shorter.” The average life expectancy for a man in Britain aged 65 dropped from 23 years to 21.5 between 2015 and the end of 2023. For women of the same age, it fell from 25.5 years to less than 24, according to the Institute and Faculty of Actuaries. Around half of this drop off has occurred since the pandemic but the trend began before Covid. “It is a big shift going on. There are a lot more buyers in this sector, their focus has shifted from 25-year [bonds],” Mr Muhic said. On the surface, record levels of demand look like a boost for Chancellor Rachel Reeves, who has pledged to “get to grips with the public finances” and plug a £22bn blackhole in the public finances. However, analysts said the figures were not representative of a vote of confidence in the government. Althea Spinozzi, head of fixed income strategy at Saxo Bank, said: “I completely dismiss that idea. We know that fiscal spending will continue to be high.” Instead, investors are betting that the rate offered on the bonds will offer good value as the Bank of England continues to cut interest rates, Ms Spinozzi said. The high levels of demand will also have little impact on government borrowing costs as these are determined primarily by Bank Rate expectations. Mr Muhic said: “It is expectations on what the Bank of England will do that drives 95pc of government borrowing costs.” |
Posted at 06/8/2024 07:10 by masurenguy Hedge funds blamed for chaos that wiped trillions off sharesRising yen catches out borrowers and biggest tech stocks add to losses A global scramble by opportunistic hedge funds to exit a well-trodden cheap borrowing gambit has been blamed for the share sell-off that shook financial markets on Monday. Japan suffered a fully fledged flight from shares with stock prices falling by 12% and the jitters reverberated round the world, with share prices in London and then Wall Street falling sharply amid a stampede to reduce risk in portfolios and raise hard cash. Analysts said that although weak job numbers in the United States last week and scepticism about the valuations of the biggest US technology groups may explain some of the souring sentiment, it was the wrongfooting of investors using a technique known as the “yen carry trade” that had prompted and then amplified the panic. “You can’t unwind the biggest carry trade the world has ever seen without breaking a few heads,” Kit Juckes, chief currency strategist at Société Générale, said. Hedge funds have routinely borrowed in yen and then bought higher-yielding Japanese and non-Japanese assets to make easy profits, but were caught out by a surge of 12% in the yen in less than a month, which in effect has made it more expensive to pay back the debt. The worst of the share sell-off took place in Japan. The Nikkei 225 index recorded its biggest ever one-day points fall, down by 4,451 points, or 12.4%, to 31,458, and the biggest percentage drop since 1987. Some of the world’s biggest brand names from Toyota to Honda suffered double-digit collapses in their shares, partly because of concerns that the stronger yen will diminish their international competitiveness. The remarkable rally in the yen, which intensified last week when the Bank of Japan lifted its base rate for only the second time in 17 years, appears to have caught out opportunistic investors. Mark Dowding, chief investment officer at BlueBay Asset Management, said he thought a number of macro funds — giant hedge funds that make bets on currencies and securities prices — “have been caught the wrong way around on a trade”. Complete article: |
Posted at 18/6/2024 18:13 by richie1218 hxxps://www.ii.co.ukincome investors kept Legal & General Group in their sights today as another big City firm backed the group’s long-term strategy in the wake of a punishing week for the shares. Supported by a projection for an 11% total distribution yield in 2025, Deutsche Bank said today it saw no reason to change its “Buy” recommendation on the FTSE 100 stalwart. It’s a view shared by retail investors as the company again topped interactive investor’s list of most traded stocks, with 90% of this morning’s activity being “Buy” orders. This surge in demand has been consistent over the past four sessions after new L&G boss Antonio Simoes tempered some of the City’s loftier expectations. The shares fell by more than 5% on the day of his much-anticipated strategy presentation, which included plans for £200 million a year of share buybacks and 2% dividend growth starting from next year. This updates the previous dividend policy of 5% under predecessor Nigel Wilson, who spurned buybacks in favour of investment. Simoes told City analysts that the combination of dividends and share buybacks meant the company intended to distribute more than what it would've otherwise with 5%. His updated earnings guidance last Wednesday also underwhelmed, prompting Deutsche Bank to lower its per share forecasts by about 6% in today’s note. However, the City firm believes the new estimates are more realistic and likely to be conservative looking out to the future. The guidance leads to the bank’s new price target of 275p, down from 300p previously but a jump of 21% from today’s level of 226p. Other changes revealed by Simoes include the consolidation of four divisions into three via the creation of a new Asset Management unit. He has also split out housebuilder Cala and other non-strategic assets with a view to these being managed for value. The strategy is underpinned by L&G’s plan to write £50-65 billion in pension risk transfer business in the UK by year-end 2028, which should increase the store of future profit and generate permanent capital to catalyse asset management growth. Targets in asset management include cumulative annualised net new revenues of £100-150 million between 2025-28. In the third unit of retail, the company is aiming for £40-50 billion of cumulative net flows as a leading provider of workplace pensions. Bank of America upgraded to a “Buy” recommendation on Thursday and said that short-term pain should lead to long-term gain. It said the investment decisions being taken now at the expense of near-term payouts were likely to lead to cash generation ramping up in the outer years of forecasts. For 2024, it highlighted a 9.3% forecast dividend yield after L&G pledged to grow this year’s payout by 5% before switching to the new rate of 2% up to 2027. The bank, which has a price target of 268p, said: “We think L&G made the right decisions for the long term, even though this led to short-term disappointment at its capital markets day.” |
Posted at 10/5/2024 11:54 by anhar Turvart: ...What I'm trying to say in basic layman terms is this IFRS 9 & 17 accounting is hard to understand for most investors and it skews the EPS & PE figures, then by skewing the figures and investors no longer understand how to read results etc they will probably avoid buying...I doubt very much that small investors understand much of insurance company accounts at all, whatever the prevailing accounting standards. Pros will though and they are all that matters in share pricing, not the likes of us who are irrelevant. For historical reasons I can read accounts but am usually not bothered to do so in great detail. That's because as purely an income investor I'm concerned primarily with divis and I don't need to delve into the minutiae for this purpose. |
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