Legal & General Share Discussion Threads

[washbear] 17/11/2020 10:13

And we will have CW 2 ! Thats COD WAR TWO.

[mo123] 17/11/2020 09:48

By the time this inept lot stop arguing over fish they will have moved to Iceland due to global warming.

[washbear] 17/11/2020 09:06

Whats that got to do with the price of fish WC ?-joking apart the whole fishing thing is really intersting.Its probably the one thing Fred and Nancy can get their head around in the street. But here s a thing. Because most Brits only eat cod ..haddock and fishes fingers Britsh fisherman export most of their catch ..and to the E U ! So the duties EU apply to our fish is a factor..Secondly control of British waters is good for marine conservationist.And we all like that.Which cant be a bad thing.By the way WC did you note the Rise of SMP I mentioned before?! ....Also we all liked to give Teresa a good kicking....well it ant so easy anyway ?!.. Also I bet she would have administered covid situation better than Boris...

[scepticalinvestor] 16/11/2020 22:41

Think it's time for your meds grandpa!

[williamcooper104] 16/11/2020 22:30

Fishing is 0.04 percent of gdp and in a no deal they are a little fked too Rules of origin for manufacturing is a lot more important than fish or state aid - but our gov cares for the emotions of Brexit a lot more than the best economic interest of the country

[scepticalinvestor] 16/11/2020 21:04

Ahh I see the hindsight trader has arrived! Bought 10m shares at 2p lol

[lord gnome] 16/11/2020 19:46

Exactly. Boris will go in the new year. He has had enough. COVID-19 has drained him. Cue sell out of the fishing industry to secure a Brexit deal and Boris can go claiming he got Brexit done. Cue happy days on the markets. Glad I'm fully loaded. I wouldn't want to miss this party.

[saltaire111] 16/11/2020 18:11

I think Boris dumping Cummings is indicative of a softer approach on Europe, and making concessions in order to secure a trade deal. If that deal comes before Christmas, the London markets could see a significant boost. L&G would be a big beneficiary.

A trade deal is closer without Cummings’ influence.

Salty.

[williamcooper104] 16/11/2020 14:58

So far so good - let's hope our government don't f it all up

[williamcooper104] 16/11/2020 14:58

And a proper rise in long tenor interest rates means more pension risk transfer Loving this as a hedge to my pref shares which will inevitably get kicked on higher interest rates - even if lower credit spreads should help in the short term Like US agency mortgage REITs for same reason (though their double digit yields are riskier than LGENs divi)

[mo123] 16/11/2020 13:33

Pretty big sell off in the bond market today. Money should be making it's way into equities.
Slight consensus upgrade for LG for 2021, now an EPS 29.16. Seems rather mean to me, can see 30p on the cards with a continuing rise in risk assets.

[actybod] 16/11/2020 09:21

Nicely running up here and showing strength.

[garycook] 16/11/2020 07:49

LG,I am very bullish on Markets for next year.How about you ?

[lord gnome] 16/11/2020 07:43

Nice one Gary. All the world loves can optimist.

[garycook] 16/11/2020 06:45

If Brexit deal is sorted,and the Vaccine coming.FTSE back to new high,s.1/US Election done.2/Vaccine soon.3/Brexit being done,and dusted,and the UK move,s on.Happy days are back again !!!

[mo123] 15/11/2020 11:15

Goldman Sachs forecasting US Treasury yields will hit 1.3% by the end of next year and 1.7% by 2022.

Looking through the short term bad news and its associated volatility, it implies risk on mode for the equity market over next 2 years.

Assuming of course, you believe the forecast and an inferred read across for the UK.

[williamcooper104] 14/11/2020 19:34

Do it every time myself in my hindsight trading account

[actybod] 14/11/2020 17:58

Understandable - it could catch a few out like recently and run past 250. Set a target and be comfortable. I'm a net buyer waiting to pick divis so happy to accumulate sub 220 if it does.

[cl0ckw0rk0range] 14/11/2020 03:55

Only 86k and you managed to catch the bottom? Guess you will sell right at the top as well...

[honest_fred] 13/11/2020 19:21

I’ve sold my position. I have a bad feeling this is going to crash again, it’s too turbulent out there and the rocky performance lately has given me the jitters with this share. May re-enter in the future but will watch from the sidelines. GLA.

[williamcooper104] 13/11/2020 17:43

If and it's a huge if we get global reflation/inflation then that could be a huge tail wind for LGEN The biggest blocker to pension transfer is low yields making it hugely expansive for companies to pass on liabilities So higher yields could mean huge revenue growth - would also lessens longevity risk as that's really re-investment risk and is less if you can re-invest at higher yields - or rather greater longevity in a higher yield environment could actually be a source of profit

[williamcooper104] 13/11/2020 17:16

Apollo has done exceptionally well out of Athene - so a big US GP could have a pop - which of course wouldn't be a disaster from our perspective LGEN is growing it's US business but it's cash much a U.K. business - so if UK is toast then LGEN takes a huge kick In fact LGEN stepped up their investment in the U.K. post 2016 (house building/Build to Rent is a big contributor to profitsnow) - and they've done well out of that as Brexit prevented U.K. assets from fully pricing in QE infinity - LGEN hoovered up ground leases on yields that are now higher on what you would get from a prime Paris/Berlin office

[scepticalinvestor] 13/11/2020 16:37

if you say so lol