Look at SHED. Finished its buyback 18 Dec. Then reversed its long downtrend and started to climb... |
hi skinny
it is spineless
but, as for lgen, they will grow a spine in the next week or so |
How spineless is the UK market? |
an analyst
a man - usually - who is between 23/30 with a Russell degree and really smart
they don't have a clue towards understanding a business as complicated as lGEN
hardly any have forensic accounting or accounting background
their first thought is 'will this analysis get me closer to being an MD?"
this is not my opinion. I have it from a number of analysts who were patients
most could be diagnosed as adhd and spectrum disorder [if you believe in that] |
If it was not for the news this would be down 10p now with the general UK mkt doing its usual |
Dope007,
It isn’t 30x earnings though as they aren’t just buying the US protection business for $2.3bln they are also getting 20% of the existing US PRT business. The protection business was due to make operating profit of $90m in 2024 per today’s RNS. In addition they will be losing 20% of the profit on the PRT business as well. |
I suspect that the MMs are now more than happy to take stock on the Book
So as to supply Meiji Yasuda in the future. They would probably be happy to collect the divi too, to cover any carrying cost
So worth them shaking the tree now after the big rise
....After all MY are looking to buy circa 300m shares |
I think rbc have a bit more work to do on their thoughts there.
If the deal multiple is 30x, then 300m of surplus as stated is clearly wrong.
Just continue to chill here, it’s only going one way.
Also it makes little difference as so many people are here for the dividend |
I hate buybacks
never experienced one that led to an increased share price |
Blow me down with a feather!
Put some on the book, to buy, at a fairly random price of 246.2p and, colour me shocked, I've just had the contract note in for the purchase. Didn't think it would hit this level given this morning's deal and the start we had-but that's the UK market for you.
It'll probably be down by the end of the day and I'll be regretting this top up :-(( |
At 30x earnings though!! |
At 30x earnings though!! |
Williamcooper104,
Because they’re selling part of the business that generated profits.
netcurtains,
Why does it equate to a huge rise in the dividend? Most of the money is going on a buyback. Appreciate there will be fewer shares but they are selling quite a reasonable chunk of the profits as well. It is only earnings accretive to the tune of 1-2% and so not a big game changer.
If you all read back on the thread there were concerns about the affordability of the dividend prior to this deal and has a lot really changed? |
Hard to see how the divi will be uncovered as a result |
Let it settle after profit takers then the big boys will keep buying....gl. |
Yes agreed.
Obviously the news equates to a huge rise in the dividend (not yield)
eg 40% instead of 25%-30%
and
a huge rise in American market oppunities
and
this new Japanese partner.
This should all be at least 10%....
Perhaps a lot more.. |
This should be a lot higher on the back of the news. |
There’s a big buyer out there, wonder if it’s that Japanese outfit picking up their 5%? |
If the general consensus in the city is that the dividend is now going to be uncovered for a few years then that will be what is taking the initial euphoria off the share price. |
The difference between here and the US is that in the UK, the majority are happy to either spend any spare money they have or just stick it in the bank. In the US, people want to invest for a better life and generally put any spare money into the Market thus boosting share prices.
spud |
Over past month and a bit ABDN still done better than LGEN and LGEN only marginally better than MNG..
This probably means LGENs price is still miles too low considering the news... |
I can see why many corporates are dropping their London listing and moving to the U.S.
This morning’s announcement should have resulted in an immediate and SUSTAINABLE re-rating of the company’s equity but as we approach midday we are now dipping below 250p.
The immaturity of the London market, including its fund management community can only further drive decision-makers away from London.
A 7% prospective yield is what I expected to materialise, but here we are with the prospective yield moving above 8.5%. |
Post 7602 - 1robbob - I'd add 'again' to the end of your last sentence. |
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