Legal & General Share Discussion Threads

[123trev] 07/9/2023 10:48

Government debt high and rising consumer debt high and rising good money management in both mostly non existent values in just about everything from morals to goods and services all but gone ridiculous expectations at ridiculous levels and failure seems to be well rewarded now all of this eventually comes with a heavy price tag and there is no easy fix to any of this. Add in ageing populations the March of AI global warming and the fact that most plumbers now want to be the next Charlie Mullins only amplifies the situation. I doubt inflation will if it ever really was be back at 2% and interest rates of 5-7% will be the norm again.

[jubberjim] 07/9/2023 10:48

Good one Pierre

[yump] 07/9/2023 10:05

Perhaps its the last big spend before the banks of Mum and Dad are called upon to fund everyday living, as a result of the paltry wages available. There is no bulk graduate recruitment any more, jobs not there in bulk. But not enough skilled tradesfolk.

I think I read that the median wage is now about £25000. Thats a scary stat. So that means if you list 30mln wages in ascending order, all of them up to the 15millionth is £25000 or less.

Imo a recession is the least of society’s worries.

[skinny] 07/9/2023 10:02

Barclays raises Legal & General price target to 333 (330) pence - 'overweight'

[pierre oreilly] 07/9/2023 09:11

Yes net, it seems odd. Also cruise ships are twice as big as they used to be a few years ago, yet sailing full. I think the gap between the poor (carers, cleaners, porters, advfn traders etc) are getting poorer, and the richer (city kids, influencers, speakers, train drivers, windmill owners etc) are getting richer.

[ayl30] 07/9/2023 09:01

Haves and not haves. Always been like it but more amplified by current economics. The 'grey' pound is very much alive

[netcurtains] 07/9/2023 08:51

Indeed - how come so many people are in massive jams in airports if there is a cost of living crisis? It all seems a bit odd.

[yump] 07/9/2023 08:44

I think its possible that the constant headlines about cost of living and the general moaning about everything, have distracted from the fact that the part of society that moans while having enough money, is able to afford holidays (easily?). We certainly know a lot of them.

[stevelauren23] 07/9/2023 08:07

I see your points Trev and you could be right. Who knows, only time will tell.

[123trev] 07/9/2023 07:23

It wasn’t all bad I agree but the impact of those interest rate rises were clearly felt in the results. I’m not saying anything particularly bad is on the horizon but I am thinking that for a while this may enter a new trading range with the idea that rates will be higher for longer and as we enter the final stages of this economic cycle it may be a rough ride and that’s not to mention all the other spanner’s flying about and I don’t no about Ron but I haven’t had chips and rice for a while lol.

[tornado12] 06/9/2023 18:04

I dont see any reason why this is the bottom as the peak in interest rates is not reached and doom in the UK GDP will continue to weigh..... what surprises me the most this year considering cost of living crisis, is the travel and holiday business is booming..... How this is possible I dont know unless UKPLC is heading for a default on all loans.... Like most on here, I find this situation a tad frustrating in one hand, but in other, great future opportunity to bank 10%+ returns ... I am maxed out in ISA, so can only collect more after divi arrives. The big advantage with income stocks.. For now, I am focusing on PHNX & MNG results later this month .. GLA

[jubberjim] 06/9/2023 17:41

I have to say I am of the same view as Yump

!85.82 I have left my bid

Pulled my Av. bid no point

Wait until the professionals come back
Amateurs abound at moment

Original preference to remain in cash is to the fore


Tik Tokkers away you go

[adejuk] 06/9/2023 15:31

how gloomy
dante
level 9
yump - this is a capitulation on the uk economy.

[stevelauren23] 06/9/2023 14:31

I'd normally consider people setting for the same reason Trev, but the results were better than expected. They made almost £100m more than analysts expected, and we're on track for a great year from pensions, around £12-£13b is what I'm expecting for the year from LRGI premiums. So if the business side of things is going well, and they keep the divis rising as expected I don't see any reason for the drop. Other than the usual outside things which affect the markets.

[yump] 06/9/2023 13:56

Anyone want a bet on whether this is the bottom ?

How gloomy is the gloom and how can we measure it ?

(Seeing as it is all about fear and greed, which multiply much faster now than pre-internet chat days).

Are we in gradual disillusionment mode or is there a panic yet to come ?

[yump] 06/9/2023 13:54

Zorija
pity cant downtick yumps post...

I would have been mortified if you had - how awful can it be to be downticked by an anonymous poster.

[cwa1] 06/9/2023 13:15

Respectfully adejuk, on the whole I think we can relatively easily separate non-specific LGEN comment out. That's what I set the thread up for and would prefer if it was kept that way, I would hope that people would be respectful of that-or simply post elsewhere if unhappy with the intended ethos of the board.

There are LOADS of other places in the online world to discuss wider topics if you wish to.

Much obliged

[skinny] 06/9/2023 13:10

Cassini - I've made my views on Andrew Bailey quite clear - classic "Peter Principle".

[adejuk] 06/9/2023 13:07

cwa.
lgen is about the british economy
it's impossible to isolate it from its context
any informed discussion must place it there

[123trev] 06/9/2023 12:52

Well it’s nice again so dinner and a few beers wouldn’t go a miss I suppose the monotony of it all lol.

[123trev] 06/9/2023 12:22

Back to reality and I’m starting to question a few things here we were in a certain trading range for quite a while before the results then bang results then ex divi but to me this has stayed to low for a long time now unusually so! I understand financials are out of favour but supposedly this is bargain territory so someone’s selling because they no things we don’t! Or there filling there boots?

[stevelauren23] 06/9/2023 12:12

It probably would have been 😂. People would have gone mad for it, they love a good story on AIM.

[123trev] 06/9/2023 12:00

They just have no sense of humour at head office lol.