thanks s34.... |
2+ year high @266.20p |
Blimey - I am rich...
I cant believe it..
This was my biggest holding by a long long long long way |
Another undervalued financial net ! Look at the bank share prices , Barclays Nat west ! All re rated Lloyds cbg missed out last year due to car loans . Cbg playing catch up now ! Lloyds to follow ! |
Chart resistance around this level, however a close sometime above 260p would indicate a test of 310p again, certainly has the fundamentals to get there imho
Gla |
So hit 260
Now down to 256 ish but quite volatile |
Agreed. Buybacks do not kill anything....
They simple accept that the FTSE is losing capital to
the USA tech giants and the FTSE therefore has to be smaller.
Buybacks are just listed companies facing reality.
The same thing happens to many US companies that are not in the
tech list. |
RE: #7543 - its already reached 259.8p within minutes of the open ! 😊 |
UP to 260p at present. |
Spot on wad! Well played, sir! |
A buyback simply isn't the silver bullet many believe it is.spud |
Just noticed this one
Meiji Yasuda intends to acquire a c. 5% shareholding in L&G, deepening the strong corporate relationship and bringing closer alignment of interest between the two companies.
Note 2 says this 5% will be gained through market purchases so that takes the 7% out with the BB and another 5% out as a new LTH
It also values US PRT at £9Bn v £14B total market cap so.......that may help light a fire.
Who knows. |
Too optimistic wad. But let's see! |
I’m not sure, once Aviva started down the route of actually being active with their capital and business, Institutional investors flowed in from around the world . This seems very positive AND keeps the eyes on the PRT, which is the cake. That 40% return just got a lot more certain. |
I'm guessing about 10% rise in share price today; 263p close? Or is that too optimistic? |
Meji Yasuda to acquire a 5% stake in L&G via market purchases in addition to the share buyback should also underpin the share price. |
Am I right in thinking that under the old chap before Simoes the intention was to increase the dividend by at least 5% every year and when he Simoes landed he dropped that objective and was looking for only a 2% increase hence the disappointing share price performance in comparison to Aviva.
This latest news might go some way to redress the imbalance
IMHO |
Plus 5% position in LGEN taken by the acquirer. this should hit 2.50 today and then up from there over 2025. GLA |
Good news but don't get carried away
Just holding the divi for the 3 years returns about 26% of market Cap
The 1 BN byback is another 7%
that implies an additional £1BN return over 3 years as a mix of divi and BB, Thats c 18/19p of additional income growth offset by whatever they spend on BB,
It might spark more interest in the shares and who knows, the new JV might grow like topsy but as it stands it is nice but not going to set the world alight
If there is a big spike it might be worth selling out and waiting for the froth to blow over |
L&G anticipates an additional share buyback of £1.0bn following completion[3]and now expects to return the equivalent of c. 40% of its market cap to shareholders over 2025-2027 through a combination of dividends and buybacks |
Finally ,happy days! |
Wow, should be a strong open |
António Simões, Group Chief Executive Officer of Legal & General said:
"This is a transformative transaction that brings significant strategic and financial benefits to the Group and demonstrates our commitment to deliver on our strategy..." |
It’s got to get a re-rating now. Surely the analysts will be sharpening their pencils? |
40% of MC expected to be returned to shareholders over 2025-2027 through buybacks and dividends.. :o) |
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