Legal & General Share Discussion Threads

[netcurtains] 10/12/2024 16:37

Do we know why the FTSE crumbled today?

[yump] 10/12/2024 15:26

A 5 year chart pretty much shows what’s been going on.

You can draw a more or less horizontal line at this level and it touches a huge number of resistances and supports. Not surprising its a return point.

[supermarky] 10/12/2024 14:41

hopefully this sort of area will be new support

[supermarky] 10/12/2024 14:40

Good little pull back after the good news recently. Tempted to nab a few more.

[fionascott1234] 10/12/2024 12:24

It doesn't need such downward pressure, it does it unaided.

[alphorn] 10/12/2024 12:19

The Pension Protection Fund’s annual Purple Book now out is almost universally regarded as the authoritative “state of the nation” guide to the UK’s private sector defined benefit schemes. Possible that this technical publication may put some downward pressure on the insurers???
(links on my thread)

[huckers] 10/12/2024 12:19

I was pleased the deep dive was well received by the market. But, since I have been building a bigger position in LGEN in the 220p's and below, I was a bit dismayed to see it pop as well! Looks like it's settling back and any US market weakness should drop it lower, too. That is just my personal perspective. I appreciate some want the share price much higher and may be looking to exit for their own reasons.

[tornado12] 10/12/2024 12:15

Even with such an amazing yield, as robust as you can get in FTSE 100, is not enough to entice investors and boost the share price That has been the UK story for many years now. Hence, the main reason to invest for income returns... Boring but rewarding in long term GLA

[cwa1] 10/12/2024 10:46

LGEN tipped as a "HOLD" by the Questor column in this morning's Telegraph

Analysts’ consensus forecasts for a dividend of 21.32p a share in 2024 equate to a dividend yield of 8.9pc, which should be enough to satisfy the needs of any income-hungry portfolio builder. There is also scope for further share buybacks, over and above the £200m programme completed this year, to take the total cash yield from the stock above 10pc.
Questor says: hold
Ticker: LGEN
Share price: 236p

[fionascott1234] 09/12/2024 18:26

With the FTSE up 43 you should expect a wee fillip with LGEN but no it never works that way. Another bleed down is on the cards to follow the norm.

[eckiethump] 09/12/2024 16:24

Oh dear back on the slide again. Was hoping that it would keep track with the FTSEfor a change.

[cwa1] 09/12/2024 15:32

cyberian, you might've thought it would be from a couple of years ago...but from this very morning ;-)

[cyberian] 09/12/2024 15:30

CWA1...when was that Jefferies review and target dated.....2 years ago?? Personally happier with JP Morgan Cazenove "overweight 290p target". Very happy to see our new man Eric Adler CEO Management of Funds awarded some decent options. He certainly has an outstanding pedigree coming from PRU, and a few other really outstanding positions.

[123trev] 09/12/2024 11:29

My sword doing very well Pierre well past 10% now lovely lol.

[estienne] 09/12/2024 10:23

I ignore them.

[jordaggy] 09/12/2024 10:10

6/12/2024 JP Morgan Cazenove Overweight 290.00p 295.00p Reiteration

Broker notes have become silly.

[cwa1] 09/12/2024 09:11

This should make ALL the difference...

*JEFFERIES CUTS LEGAL & GENERAL PRICE TARGET TO 230 (235) PENCE - 'HOLD'

[cyberian] 07/12/2024 11:25

Agree as it will take some time and uncertainty for Aviva to integrate DLG, provided of course that there is no referral to the regulator. That could hold things up a while but approval should be OK in due course. I did switch a few and added here as the prospects look very sound going forward.

[jordaggy] 06/12/2024 23:28

You down tickers are swines! 🤣🤣😎

I expect to see a lot of retail investors jumping ship from AV to LGEN in the coming weeks as they digest the dilution and synergy balance/reward of AV's takeover of DLG. I've now sold all my AV and bought here. Better mid term visibility and better dividends.

[neilyb675] 06/12/2024 19:20

Dysart Enos
66/1
Ante Post
1/5 odds - places 1,2,3
Champion Hurdle 2025
16:00, 11 Mar

[pj84] 06/12/2024 18:13

Berenberg: Buybacks galore at Legal & General
Berenberg is expecting a step up in buybacks at Legal & General (LGEN) as it successfully manages ‘non-strategic assets’.

Analyst Michael Huttner retained his ‘buy’ recommendation and target price of 265p on the Citywire Elite Companies A-rated insurer, which added 1.2% to 239p on Thursday and has retreated 3.8% in 2024 to date.

The sale of housebuilder Cala Homes for £1.35bn in September will see L&G ‘add the £100m benefit to solvency capital from this sale to the buyback it will announce at its full-year 2024 results’, lifting Huttner’s initial 2025 buyback estimate from £200m to £300m.

On top of this, he said ‘diversification measures’ at the group means there could be ‘potentially more available for distribution to shareholders’.

‘We also raise our buyback forecasts for 2026 and 2027 from £200m to £250m for both years as L&G is successfully managing non-strategic assets for value,’ Huttner said.

‘We therefore believe this means there will be more asset sales like Cala Homes, although of smaller size, which in turn will lead to more capital available for buybacks.’

[mr.oz] 06/12/2024 15:34

ffs. Good job there was a broker upgrade today

[devonbeachbum] 06/12/2024 11:56

5% this year. 2% DPS increase to 27 plus similar buybacks.