Legal & General Share Discussion Threads

[actybod] 30/7/2020 20:02

Took some at 212.

[scepticalinvestor] 30/7/2020 18:59

Almost certainly to be a bounce tomorrow - I predict a close at least in the 216s

[zho] 30/7/2020 18:43

UK banks are all down in tandem with Lloyds, with Natwest (the renamed RBS) off nearly 6 per cent. Legal & General’s weakest among the insurers, perhaps as consensus expectations get walked down ahead of its results next week. Here’s RBC’s new numbers:

We update our model ahead of interim results on 5th August, also taking into account recent market movements.

We reduce our Operating EPS estimates by 4% for 2020E and 2% on average for 2021-22E.

The reduction in earnings for 2020E is largely driven by LGC, which paused traditional construction during lockdown. We also reduce earnings slightly in LGIM, driven by adverse market movements, and LGR, based on YTD bulk annuity volumes.

We reduce net income EPS by 27%, largely driven by adverse investment variances, which are below the operating line.

We retain our Outperform rating and price target of 320p.

[cordwainer] 30/7/2020 16:58

Speculatively topped up just under 209p just over an hour ago. Worsening macro news could push it further down, further reassurance on dividends will provide support and push the share price back up.

[williamcooper104] 30/7/2020 16:20

Do not want to put too much of anything that's yielding 8 percent into your pension

[scepticalinvestor] 30/7/2020 16:20

have you been smoking crack again?

[hhhold2] 30/7/2020 15:36

Hey Shirley, in another 2 years none of this will matter.

[rs34] 30/7/2020 14:59

Why is this at a ridiculous price. Please inform as I have invested my pension here

[scepticalinvestor] 30/7/2020 14:56

talk about well timed lol

[scepticalinvestor] 30/7/2020 12:36

bought another 15k worth at 209.utterly ridiculous drop

[gains70] 30/7/2020 12:35

Market reaction. A deluge of down corporate updates this morning as you may have already seen. Also, probably a concern they may not pay their interim div usually announced in Aug as part of their half year results.https://www.legalandgeneralgroup.com/investors/financial-calendar

[williamcooper104] 30/7/2020 12:12

I opened a tiny position last week Have topped up again - and holding back to buy a little more This is a short term position Happier holding PHNX and CSN for the longer term/yield

[this_time_its_different] 30/7/2020 12:12

It won't go to £1, as the divi yield will sustain it. But it's a j-o-k-e of a company, for this very reason I will NEVER hold UK shares. They are at the bottom of the barrel, all we do is give handouts to chavs. There is no wage growth in the UK, everyone is happy to sit on the dole, smoke a f-a-g and have a pint.

[hhhold2] 30/7/2020 12:09

If this reaches £1 it might be worth a look.

[this_time_its_different] 30/7/2020 12:05

There is nothing more pathetic than UK stocks, quickest way to lose your money.

[this_time_its_different] 30/7/2020 12:02

Invest in the US, not in the UK, socialist basketcase of the world, all we excel at is feeding chavs. J-o-k-e of a nation.

[this_time_its_different] 30/7/2020 11:57

garbage company, this is why I don't own any UK shares. Basketcase of the world.

[adejuk] 30/7/2020 11:55

7% on no volume

[adejuk] 30/7/2020 11:54

this is bloody ridiculous

[scepticalinvestor] 30/7/2020 09:12

This is surely overdone?!