Yeh nice to take a profit etc etc but if you don't have a compelling need to sell/other use for the cash, why sell. Bottom drawer job. Reinvest the dividends and come back in 3 years and see your investment has gone up 50%++ in value. All being well... |
US protection and PRT is a small, non-core, part of the business. The US operations were only started a few years ago. $2.3bn for effectively 20% of US PRT demonstrates how massively undervalued L&G Group is. Note that L&G's UK PRT is 10-20 times bigger than the US operation |
What a nice suprise to wake up to.
Should have a lie in more often if this is the result. |
The buybacks we often see in the UK are an investment trust dipping their toe or a stupid reit buying back and increasing their leverage such that the market gets more worried In this case the solvency ratio post rhe transaction and buy back is 7% points better That's the difference |
Does look a precursor to a merger/acquisition |
And out of the blue it takes off, benefiting long term holders. No doubt all the traders, in spite of what they have written the last few weeks, all opened big long positions yesterday. Lol lol lol. Plenty more to come driving this to 300p this year, via nappy wetting ups and downs on the way. |
Yup Even at this level still yielding about 8 percent Rock solid investment |
No ones getting my shares..
Good news tends to last at least 12 months...
There will be down days too (of course)
but I feel the trend will be up most of the year..
You cant really beat giving 40% of capital back
to shareholders... That is a lot of money. |
"The proceeds from the sale will be put to work in a variety of ways. Around £400m will fund the PRT reinsurance arrangement, while L&G plans to return £1bn to shareholders through dividends and share buybacks."
"In total, it expects to distribute about 40% of its market value over the next three years."
"As part of the deal, Meiji Yasuda is planning to acquire around 5% of L&G’s shares, deepening ties between the two firms." |
Yep - if you look at annuity writers valuations in the US v the UK there's a vast difference |
As usual, it will be those with patience who are the big winners here - picking up a massive dividend year after year while the share price climbs back towards a decent valuation. In the meantime, the majority of the hair-trigger traders will mostly get it wrong.... as usual. |
Gone through the £50k mark for. Me. Up and up please. |
marks. imo nothing of significance happens before 9.30. |
253 now so it has given back 7 p of the 21p rise.
Who knows it might pick up again but current trajectory is certaily a slowly deflating balloon |
Some context :- |
PS - I'm not selling...
Good news normally lasts all year... |
I'm smiling, I'm definitely smiling. |
I think not! |
We're all rich and its that blasted Keir Starmers fault in some horrible way... LOL
😀😀😀 |
not surprising that, after so Long in the doldrums, there seems to be a lot of profit taking at the mo. |
I've been shouting for a share buyback for ages so great news, and the market agrees 👍
spud |
Great news. I am now back to my purchase price back in March '23. This has to be worth much more now, surely?For the future, I am quite certain that the reshaping of the business will continue and I wouldn't be surprised to see an eventual offer from the Japanese once it has been completed.You read it here first. (Smile) |
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