Added at the open .......240.28p
We will see the positive upside (next year 2026) around the Final dividend 280-300p range again.
In the meantime, I'll continue to add on any market weakness/noise.
I also expect to see broker upgrades/re-rate
This is just my opinion...... LGEN is my largest PF holding.
gla |
Give it a rest robb ffs! You've got a real bee in your bonnet about insider trading. It happens - Learn to live with it.Get over it.Spud |
The big spike up was late last year.... Possibly when talks started? |
squire007
Re 7774
So in your 'opinion' they are already guilty of Insider Trading |
 L&G transformation at full throttle, says AJ Bell
L&G transformation at full throttle, says AJ Bell
Legal & General (LGEN) has sold its US protection arm to a Japanese insurer, proving it is serious about transformation, says AJ Bell.
The Citywire Elite Companies A-rated insurer has sold its US protection business to Japan’s Meiji Yasuda for $2.3bn (£1.85bn) in cash, and the Japanese group has also taken a 5% stake in L&G. The deal is the latest move from chief executive António Simões, who vowed to transform the group at the beginning of 2024.
Analyst Russ Mould said ‘anyone who had L&G pegged as boring is having to change their minds’ as Simões ‘gets stuck into transforming the business’.
‘Fresh from announcing a new structure last June as he looks to streamline the insurer’s operations, Simões has now unveiled an eye-catching deal with Meiji Yasuda,’ he said.
Mould said the deal was a ‘meaningful extension’ of L&G’s existing relationship with Meiji Yasuda.
‘Meiji Yasuda is also committed to taking a 5% stake in Legal & General as a group,’ he said. ‘While there’s no suggestion this is the precursor to any sort of eventual takeover and it is likely just about cementing the relationship, it may nonetheless set some tongues wagging.’
Shares in L&G were trading up 5.3% at 251p on Friday morning following the announcement. |
'Bone Spurs'
Would this be a reference to unwarranted posts on Lgen thread that have nothing to do with the share in question. ?
Clarification please
Thanks |
They got 2 percent in the bag already in my opinion, just look a few days before the rns. :-0 |
To get to ~5%, Meiji Yasuda don't have to buy in the open market. Going off-market by approaching a few major shareholders to agree a price, or prices, would do the job. If / when that happens, then the price they agree would be interesting. |
...Some with "bone spurs".
Is this a financial thread, or not? |
They get 8.5% interest on their money... So yes I would. I have invested a good percentage of my pension in "probably"... |
!!!!!
Would you invest £750m on 'probably'
The only reason I can see why they might buy early, is if they felt that their deal could entice another company to pre-empt the deal and bid for the entirity of LGEN |
Because it will probably be cheaper. |
Net curtains
Yes of course they could BUT why would they risk buying before the deal completes? |
1robbob: I think they can buy shares in LGEN any time. There is nothing stopping them. So might be buying already for all we know...
The actual wording appears to say:
Meiji Yasuda intends to acquire a c. 5% shareholding in Legal & General Group plc
There is no specific date. It could be happening now. |
3-4 years ago everything AV did was treated with derision. Now after a few glasses of Blanc de Blanc they can do no wrong.
I suspect that LGEN is now entering the same phase with all the initial moves by the new CEO being disregarded. Be ready for a complete change in sentiment 300p in the next 18 months
PS: Meiji Yasuda are investing circa £750m in LGEN equity. That's not small potatoes even for them. I suspect they will need to do this pdq after completion of the deal and the start of the mega £1bn buyback....but none of this before Q4 2025 at the earliest |
Will not be rushing in tomorrow but as a fellow hoodlum on this thread has suggested would not be adverse at throwing a few more pennies in to the pot if and it is an
almighty big 'IF' the share goes to 220 level .
Still prefer to keep my options open.
Fools rush in as I know to my cost
That's about as positive as I can get
Good luck over the next few weeks |
I dont mind if you do wish to be pedantic.. |
netcurtains - without wishing to be pedantic - there were 60 million shares traded - not quite the same thing - there were 19980 trades. |
That is very disrespectful to Orangutans, particularly as that one is not walking on its knuckles. |
The constant unselective down ticking is definitely a bot as so consistent and on so many threads. I never suggested it would move the market despite most likely being the work of a shorter who has discovered how to do it. I could probably write one myself if I was a premium member (not that I would) - it's not rocket science if you know a little about IT - in fact I see that Skinny has already uncovered the culprit. 😉 |
jubberjim:
there were zillions of sellers - at least ADVFN says there was - 60 million trades is bigger than any other day going back a long long white...:
Some of these people will probably buy back in as nothing has changed... So I would expect some price recovery next week |
Wondered why the fella looked a bit glum ... |
And what looks like a tiny appendage.
The photo does not do me justice in that respect. |
Net
There were not zillions of sellers on Friday rather a pronounced absence of buyers !
If one is drawing a comparison over the last few years this in line with Aviva its immediate peer a not unreasonable expectation would be a share price in the region of 280/290.
A premise based on the lows of 203.60 (lgen) and
360.50 (AV. )
Lately lgen and Phnx have been more aligned and I think that might have resulted in the drag on the share price. Is it about to change either way we will find out over the coming days ? |
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