Legal & General Share Discussion Threads

[geko5trade] 03/9/2020 07:47

Well the thing that will trigger a run will be a whiff of inflation. Looks like there's an absolute commitment to keep interest rates low, US bubble not seen since Japan in 1989 and gold rising as a hedge. Inflation and the central plank gets pulled. When is the question.

[bennodean] 03/9/2020 07:37

Then I'd have an eye on those 2 gaps below. 1.60 and 1.39'ish. No idea what will trigger a run at them.... but unusal to leave at least the larger one behind.

[milliethedog] 02/9/2020 20:22

SI....broker is iWeb (Halifax owned) £5 a trade
Why am i cautious?
DOW over 29,000 just today
NASDAQ over 12,000 too
Both pumped up with Fed dollars
Plus the recent share splits, so even more mugs can afford to pile in...

Not particularly saying Lgen will get back to 140 level, but what exactly has changed since share price was, say, 170?? I guess some results are in since covid struck. What else?

Once the US bubble hits the buffers, and many think it will/might, anyone holding is carrying this risk. I think L & G is a great company, but i really don't want to buy when there is a possibility of being able to buy lower.(obviously)

M

[williamcooper104] 02/9/2020 16:43

It's a huge divi to cover for a short Plenty of other beaten up stocks have cancelled their divi

[adelwire2] 02/9/2020 16:40

Topped up again just before the close. I believe.

[scepticalinvestor] 02/9/2020 16:37

honestly it is surprising that there is no large short interest in LGEN - constantly down for the past week now - very unusual.

[milliethedog] 02/9/2020 15:54

W104, yes, so long as the divi is maintained am sure, long term, Lgen is a good bet.
But even then a c8% yield is not good for me if the share price cuts it's wrists....I don't want to sit on too much of a paper loss

IF the US indices have a nose bleed these, & others, may very well test March/April low's. Hope not tho.....

Speaking personally my 'watchlist' containes....Lgen, Av, RDSB, IMB, BT, Lloy, HSBC....mostly excellant divi stocks but beaten down just now
For instance am waiting for RDSB @ 1,000 & IMB @ 1,200....

M

[williamcooper104] 02/9/2020 15:36

Can't argue against being cautious Have to be able to live with a reasonable amount of volatility I'm happy to be locked into a security if it keeps its yield

[williamcooper104] 02/9/2020 15:34

IMO the aviva prefs are the better risk adjusted aviva securityI'm happy with Lgen as I have plenty of defensive positions and some disaster hedges so I'm happy to have a bit of yielding beta that will bounce on a covid recovery There's a lot of cyclical stocks - eg retail commerical property/cinemas arguably, which are in secular decline - I'm avoiding these - but cyclical in a business which is not fundamentally challenged and/or likely to exhibit growth is attractive

[williamcooper104] 02/9/2020 15:30

If you think the divi is not sustainable then it's not cheap If you think it is then a 6 divi yield is reasonable so there's c30 percent capital value upside and the 8 yield to keep you happy while you wait for the market to correct

[milliethedog] 02/9/2020 14:53

Totally agree SI, buy to hold for 3 - 5 years & am sure you're on a winner.

Am just cautious going into the market with the US indices on such highs.
I ask myself what is the reason to buy Lgen & Av at these levels and carry that risk
A market correction (as March) would leave my capital locked in should the share price drop.

Although a mini bull run could easilly see these bounce off the 200 level back up to, perhaps, 250

Good luck all.....
M

[scepticalinvestor] 02/9/2020 14:28

very well done, almost exactly the bottom.I am not a chartist but it really is unlikely we will see 1's again looking at the rsi etcAt this lvl, LGEN certainly should be a long term hold for every pf imo

[milliethedog] 02/9/2020 14:26

Also, i looked at my Aviva buys during same period; 250, 243, 231 & 211...
Sold out there too day before XD @ 304.1....now at 275
Same question applies there really....
M

[milliethedog] 02/9/2020 14:22

SI....it was @ 1.4005 on 23/3/20 at 11:07am

Just was looking for the reasoning as to why the share price is buyable at these levels really.
Certainly not deramping at all; opposite actually.

It's possible any correction in US will hit FTSE and knock stock prices lower....
M

[scepticalinvestor] 02/9/2020 14:13

whoever keeps on ticking everything down is a wart and a cad

[scepticalinvestor] 02/9/2020 13:44

It slipped to 138 for a millisecond before shooting up to 148. Despite all my attempts 147 was the lowest I could get so if you did get some at 140 you must have a great broker!

[milliethedog] 02/9/2020 13:36

Am almost tempted to dip a toe back into Lgen after selling all on day before XD @ 239.6
But am looking at my buys back in March/April when the Covid hit.
Was able to buy then @ 191, 174, 168, 158 & 140.....

So, why are they so 'cheap' now at these levels?

M

[scepticalinvestor] 02/9/2020 12:15

added at 206.20 - largest holding bar BOO now

[scepticalinvestor] 02/9/2020 10:16

as always LGEN is the only insurer in the red todaywont last though - should end the day up based on trade volume

[williamcooper104] 02/9/2020 10:07

It's an expensive short Better to short Lloyd's with no divi It's a financial and will trade down in risk off moments I'm less bothered about share price - more concerned about divi - and if the divi is maintained then share price will look after itself

[its the oxman] 02/9/2020 09:51

Time to add I believe. Seems very overdone down near 200p

[financeguru] 02/9/2020 09:47

It looks to me that L&G has been targeted as a company/share to short for the fun of it because it is so very difficult to fight back. If this is the case they will sell it down to stupid levels (sub £1) the only way to fight back is if people buy at every fall.

[scepticalinvestor] 02/9/2020 08:14

interesting that this weakness followed a substantial rise, similar to what happened in JuneIt points to a strong bounce from back to at least the 230s imo

[actybod] 01/9/2020 19:20

Added on weakness again.

[williamcooper104] 01/9/2020 18:20

Sterling shouldn't impact LGEN too much Probably just macro/risk-off British Land is down same as LGEN and isn't sterling impacted We are within expected volatility so I'm not too concerned