Legal & General Share Discussion Threads

[williamcooper104] 14/9/2020 19:10

It's very much U.K. domestically focused - more so than aviva So I think we need look no further than our prime minister (or rather his Cummings overlord)

[williamcooper104] 14/9/2020 19:09

In the 2000/01 crash there was a huge problem with solvency reserves and equity holding Since then most annuity providers have focused more on fixed income than listed equities (though pension funds have been much slower to do this) In the credit crunch there were fears that fixed income would cause problems, but turned out that most insurance companies didn't have sub-prime and mainly had robust loans

[cl0ckw0rk0range] 14/9/2020 19:09

LGIM TR1 will tell you just that

[scepticalinvestor] 14/9/2020 17:39

Fair points but the majority of their funds overperform the benchmarkReally is a solid business - absolutely no (logical) reason for this dip imho!

[netcurtains] 14/9/2020 17:30

I guess one problem with L&G - no idea could be million miles wrong - is not the Insurance side (thats probably OK) but rather where they invested all the money...
Have they invested in a load of stocks that crashed (like airlines etc etc) - Do they list out their investments? Are they OK or have they taken a hammering? Just thinking from the top of my head.
Probably nonsense. Most like they put the entire wad on Tesla Motors and are quids in.

[scepticalinvestor] 14/9/2020 17:17

haha yes, the mkts are anything but logical!!

[netcurtains] 14/9/2020 17:08

ScepticalInvestor: If it helps any I bought Pearson a while back thinking the worlds gone back to school so pearson share price should rise.... Alas its not happening, at least its not happening as fast as I thought. Oh well!

[scepticalinvestor] 14/9/2020 16:51

Another 4% down for the week, 17% down for the last month.so 4% odd per week.added a short to hedge today, this drop really make no sense.

[scepticalinvestor] 14/9/2020 16:40

lol is it groundhog day?

[scobak] 11/9/2020 20:33

Do you mean 5 weeks? Certainly not 7.

[scepticalinvestor] 11/9/2020 17:26

Interesting - this is now the 7th week in a row that LGEN has finished down for the week...momentum (and SP) falling off a cliff

[netcurtains] 11/9/2020 17:00

Pierre Oreilly: Yeah you are like me: "easy come easy go"....

[cl0ckw0rk0range] 11/9/2020 15:31

It's a real shame they have made the markets so accessible.

[ramellous] 11/9/2020 15:25

Is this dropping along with the £dropping against $. US investors are losing on fx here if they think £ dropping more so might be bailing out.

[eurofox] 11/9/2020 15:24

Look at Aviva fly

[williamcooper104] 11/9/2020 15:17

Agree - but not bothered so long as the divi is not cut I'm not expecting a quick capital gain

[scepticalinvestor] 11/9/2020 14:39

looking set to bounce strongly imo.Excellent volume - if it is not back to 200p or more by this time next week I will be dumping the entirety of my holding.(so am pretty confident!)

[gary1966] 11/9/2020 14:00

Decided to put the proceeds from my sale of Aviva shares the other day into here as can't really understand the major disconnect in share prices of late between the two. 2&14 day RSI completely bombed out. May well fall a little further but can't really see much further downside unless there is a general market sell off.

GLA

[tricky20] 11/9/2020 11:24

Could not agree more Clock. Where else are you going to get a safe 9% yield?

[cl0ckw0rk0range] 11/9/2020 10:59

So now based on absolutely no evidence you are suggesting they are not paying the next dividend.Sub £2 fill your boots.

[spcecks] 11/9/2020 09:49

I'm happy to add at these prices to my already large holding for the long term and dividend.