Legal & General Share Discussion Threads

[panshanger1] 13/11/2020 09:29

Yes total overreaction to a very reassuring update Happy holder here and over at Phoenix for diversification in the insurance space

[its the oxman] 13/11/2020 09:14

Nice to be up 236p. Delayed reaction to update on the div perhaps. Aviva for example still waiting on a review of the div and possible reduction I would guess, many other cos not able to pay or have to reduce. Lgen looking good.

[mo123] 13/11/2020 08:59

We should also get that reflationary trade around end of January from ECB and hopefully the US. Big tailwind for LG and a decent 2021.

[actybod] 13/11/2020 08:53

Shows the sign of a company that can pay divi in these times and have a progressive policy. What's not to like.

[pierre oreilly] 13/11/2020 08:26

No problem. It's just that 10% of investors think about the divi and the likelihood of it being increased over the coming years, and 90% are just concerned with what the price will be in the next hour.

With many companies chopping the divi (often on the instructions of our 'tory and pro business' gov) getting one which tells the gov to bog off and intending to increase divis is pretty rare (and valuable).

[p0pper] 13/11/2020 07:20

The upshot is though that we have a very healthy divi now and it is still going to grow, what's the problem.

[venezuela45] 13/11/2020 05:47

Very encouraged by their CMD and future plans. Good yield and I’m holding for the long term

[williamcooper104] 13/11/2020 01:39

From Times today "L&G said it aimed for earnings per share to grow faster than dividend growth, which it put at 3 to 6 per cent annually. Barclays analysts said the dividend growth target was lower than the company's growth of 7 per cent between 2015 and 2019. The new targets "fell short of our expectations", Barclays added." That probably explains the drop (a little bit more than beta would imply) todayDoesn't make a lot of sense in that clearly the market does not think that the divis would grow at 7 percent per annum or the shares wouldn't be where they are

[cassini] 12/11/2020 15:35

Buy on the rumour, sell on the news...

[williamcooper104] 12/11/2020 11:53

Should have been But it's the curse of beta Still a good opportunity to add a little - on basis that No 10 is going to do a deal - at last possible minute And if they don't then I'm adding again on a no-deal share price fall

[saltaire111] 12/11/2020 11:49

Bizarre market reaction to L&G update this morning. Don’t see anything in there to cause concern - quite the reverse, very reassuring. Price is starting to pick back up a little but all things considered, I would have expected a sharp increase today, not the reverse!

Salty.

[bothdavis] 12/11/2020 11:16

Politics is always a game of bluff and counter bluff. You can be sure that any Government is doing its best for those it promised too. However, the EU will have their entrenched views and are trying to show that leaving the market is a bad idea so that other countries don't do the same!

Mr Johnson will have to talk, bluff and compromise, its called negotiation......

[its the oxman] 12/11/2020 11:05

Reassuring news on div can only be good. Just confirms steady progress and remains very undervalued.

[warranty] 12/11/2020 09:39

Biden win or not, if Bojo sells us out after all this time and so many promises, myself and many others will never vote Tory again and they can forget the red wall seats. Maybe he’s not bothered, he may be planning to step down shortly anyway?

[ianood] 12/11/2020 09:10

What's not to like? An excellent performance in troubled times whilst also doing exactly what's on the tin for customers and investors. An excellent buy and hold to my mind. Shall look at the presentation with great interest.

[pete160] 12/11/2020 09:07

My view is that with Biden on the way to the white house, there will be pressure for a deal from the EU and the US and so there is no way that Boris will now be able to get away without a deal and a deal which will be more like the status quo rather than what he may want (or need to win the next election).

At least if there is a deal, then there should be a further bounce in stocks and hopefully a re-balancing of the UK stockmarkets under performance relative to other indices.

And if Rishi wants to take a large chunk of any capital gains, they're going to have to allow us to make some in the first place!

[mo123] 12/11/2020 09:01

Oh well in for a few more, seemed churlish not to.
Barclays retains overweight with price target now 311.

[williamcooper104] 12/11/2020 08:51

Remember 15-20 post fees is what you'll get from a successful PE fund

[williamcooper104] 12/11/2020 08:50

Wondering if all the Downing St carry on is in part down to Boris preparing to do the deal

[williamcooper104] 12/11/2020 08:48

If you assume divi grows at just 2 percent for 5 years and then that the divi yield falls to 6 percent (which is a fair yield for a safe and moderately growing divi) Then you get to a share price in 5 years of £3.65 You make a total return of 15 percent IRR and you nearly double your money in divi and capital gain Assume 5 percent annual divi growth and you are getting 20 IRR and c£4.20 share price in 5 years

[edmundshaw] 12/11/2020 08:44

Index selling and risk-on switch might do that... when the dust settles a 7.7% and growing safe yield will look cheap. Looks a safe place to park some hard-earned, even if short term there are more exciting shares to be punting on.

[cflather2000] 12/11/2020 08:21

Good update, divi safe and a clear plan

[cl0ckw0rk0range] 12/11/2020 08:18

Wider market

[tornado12] 12/11/2020 08:11

Nice update. Operated very bullish in probably the most demanding economic disaster since WW2. Really been impressed with their management and focus on the SH without losing financial strength .

[p0pper] 12/11/2020 08:01

down nearly 4% ????