Legal & General Share Discussion Threads

[undervaluedassets] 28/10/2020 14:58

certainly going to fall further .. moves in lockstep with FTSE...

[williamcooper104] 28/10/2020 13:20

I'm holding a small position and waiting to load up more on further falls

[weemonkey] 28/10/2020 13:08

I certainly think that recent lows of around 177p 178p will be no barrier. I expect this to trough lower. This stock highly correlated with the wider market.

[moontheloon] 28/10/2020 13:05

Waiting for entry point... Maybe more to go... Unless miraculous news emerges.

[williamcooper104] 28/10/2020 10:43

LG get quite a bit of their solvency capital from the Matching Premium - which is a bit of hocus pocus - you buy the right debt and you are able to reduce your annuity liabilities thereby creating solvency "equity" There's been quite a bit of chatter about that getting reformed/limited - I doubt it would happen in middle of the pandemic - but regulatory pressure could still be bought to bear to cut the dividend Note that a dividend suspension rather than a cut might not tank the share price as much - suspension gives hope of being reinstated at same level and clearly some of impact of a cut is priced in to share price - though clearly a cut will cause share price to fall (divi cuts are rarely fully priced in)

[williamcooper104] 28/10/2020 10:37

No probs - put the seat belt on - as will be a rocky ride

[undervaluedassets] 28/10/2020 10:26

Salpara111 or the divi could be cut and the share could fall like a stone.

Interesting ... what is your thesis as to why the divi could be cut?

[dope007] 28/10/2020 09:47

OR somewhere in between. Just bought back in again

[salpara111] 28/10/2020 09:45

The only thing that is certain is that either the share price must rise at least 50% from the current level or the divi is cut by 50%. The current yield is completely out of step with both the market and most of its peer group.
I bought in at 198 and am happy to hold for now.

[uppompeii] 28/10/2020 08:44

Have you finally shut up about swine flu?

[undervaluedassets] 28/10/2020 08:24

I will wait then...

Thanks Williamcooper

[williamcooper104] 28/10/2020 08:18

High beta with a double market divi yield = outperformance but with volatility (Unless divi cut materially of course)

[undervaluedassets] 28/10/2020 08:10

Cheers SI..

~But seriously do folks on here think that this is bound to move in lockstep with world markets.. both up and down..? Does it ever diverge from this behaviour?

[williamcooper104] 27/10/2020 17:05

Yep - it's a high beta stock - huge embedded leverage Mainly U.K. exposed though

[undervaluedassets] 27/10/2020 16:35

Want to invest here. But looks like a case of come back tomorrow when the price will most likely be cheaper.

As it is an investor in world markets it will inevitably fall on large falls in markets

[williamcooper104] 27/10/2020 16:02

Yep - and a brexit deal - even if it's a v bad one - getting a deal will help U.K. stocks The fact that the government aren't crying suggests we are beyond theatrics and will see a deal soon (and then an extension of transitional arrangements to the summer)

[mo123] 27/10/2020 15:34

Fund management group M&G PLC (LON:MNG), down 6.0% at 156.3p, led the index lower as investors got nervous over the rising tide of coronavirus cases and how this will affect the global economy and thus stock markets.

Insurance giants Legal & General Group PLC (LON:LGEN) and Prudential PLC (LON:PRU), which like M&G are exposed to global securities markets, were also off the pace with the former down 3.6% at 188.5p and the latter down 3.6% at 1,018p.


Would expect a decent rally after US election and when the next stimulus package is announced.
Until then, a lot of volatility. Mo

[scepticalinvestor] 27/10/2020 14:47

Any news? 2 weeks worth of share price growth destroyed in 15 minutes of trading lol

[scepticalinvestor] 27/10/2020 11:39

The sell off continues - insurers now catching up to banks

[adelwire2] 26/10/2020 10:05

Oh come on 2 pound please

[mo123] 23/10/2020 11:21

Legal & General Group has agreed the sale of a book of retail investments from its personal investing business to Fidelity International.

The back-book is comprised of roughly 300,000 customers and contains £5.8bn assets invested in Legal & General Investment Management (LGIM) funds.

[williamcooper104] 23/10/2020 09:50

Haven't looked at them recently - always were a nice company to deal with - they've changed a lot - thanks for suggestion - worth looking at I've never bought Shaftesbury as they've always been too expensive - going to have a look now at them - and CAPC

[washbear] 23/10/2020 09:46

WC ...Can I ask if you have an opinion on SMP..St Mowlen Properties.?..They appear to have an even exposure to resi...comm..and industrial...What do you think ?.