Legal & General Share Discussion Threads

[123trev] 20/9/2023 11:57

You could very well be correct Steve but given everything that’s happened in the last few years alone not to mention legacy debt and all those wild cards how do governments deal with that when there’s nothing left in the box! The growing mistrust of the dollar is growing by the day evident by recent news and inequality at absurd levels and that’s important very important.

[stevelauren23] 20/9/2023 11:36

You could argue that Trev, but as with everything, it's all about what is more likely. I believe we are more likely to see 300p than 150p from where we are today.

[123trev] 20/9/2023 11:31

Mister MD with everything coming to a head you could equally argue that the Ftse could fall to 5000 or below LGEN could fall to £1.50 with dividends substantially reduced and zero appetite for these type of stocks and a subsequent lost decade or longer the real question for investors is where they place those odds?

[123trev] 20/9/2023 10:26

The key points here are interest rates wherever they land are not going to go back to where they once were and government debt seems impossible to control almost everywhere it’s rising while trust is falling on the ability to address the issue on top of all this you have the growing threat of global warming,AI,demographics,political instability,newly emerging powers the list goes on.
In the financial system there still exists an enormous amount of zombie cash that needs to be addressed going as far back as 2008 and ultra low interest rates and quantitative easing the tools of choice can no longer be used to inflate markets and ignore debt.A new real has to be adopted there is no other choice now and how this is achieved will be painful. Stock markets debt markets, commercial property,housing nearly all assets will have to suffer substantial falls just how the bubbles are burst and how quickly is the question!

[mister md] 20/9/2023 10:03

Call me over-optimistic but I think FTSE will hit 8000+ in the not too distant future and I think it will stay there - the inflation impact alone should mean FTSE stays above 8000 - it's gone no-where over 20 years and has some serious catching up to do.

LGEN was 300p + just prior to Covid pandemic - I think thats a reasonable target within the next year or so, whilst happily collecting the generous dividend in the meantime. Any short term wobbles just allow for re-investing those dividends at lower prices.

[kaffee] 20/9/2023 07:23

>>>>123Trev "......albeit differently and much more devastating"

What's your predictions then? That statement is the sort of thing than can be back-filled to show it was accurate.

Interest rates higher ? Not by much IMHO. Valuations wrecked ? UK PLC is cheap (yes I acknowledge cheap can get cheaper) - but not much froth really. Housing Market whacked ? Maybe and that market is stupdily overvalued - but lots of renters still waiting to flip into ownership is my take so demand will be pent up st some point.

[netcurtains] 19/9/2023 09:00

No idea what all that means Dudishes...
Hopefully you come with a translator 😀

[dudishes] 18/9/2023 20:00

G'day hazl, flagged you up on that last.

Are you following me? LGEN? Yep, 4pts down.

Chances eh?

[hazl] 18/9/2023 19:00

yf 3572


There were some beauties there....doesn't matter about now...they were of the moment!

I remember INFOBANK VOCALIS LOGICA.
Didn't know what I was doing then and didn't have much to put down but it was exciting.
VOCALIS was probably my best and pugugly was spot on you had to get out at the right time, which mostly I did. Didn't make a fortune, though, as
didn't have much money to put down and I was learning.

Forgive intrusion came across the conversation by accident and for transparency do not hold here.

[123trev] 18/9/2023 12:40

Lol, I see CWA0 is back from electro shock therapy again and the sticky bus dropped him off early bless and he couldn’t wait to start wagging his tail ever noticed how he never really says anything of substance! In the real world investors should be questioning the above posts relative to what has already taken place because what has already happened is just the opening salvo.

[mcunliffe1] 18/9/2023 09:20

Wecome back CWA.

[cwa1] 18/9/2023 06:41

Morning All

I've been away for the past couple of days and there seem to have been a lot of posts! I'm not proposing to read them all, life's too short- I'll just assume everyone behaved impeccably 😉

However it's Monday morning, so it's back to LGEN business again please!

Good fortune to one and all

[jubberjim] 18/9/2023 06:33

Very informative and at times very amusing posts over the weekend

Time to gird our loins and sally forth again

Good luck everybody

[yump] 17/9/2023 23:27

Not necessarily richer. Motorsport is expensive ;-(

[technowaxy] 17/9/2023 22:42

Sounds about right freddy

[yf23_1] 17/9/2023 22:41

1knocker
Its ok, we're just weekend remenicing over our exploits at a younger age. Now we're all richer and older we like to invest in safe, boringish dividend payers and get quite excited at divi payment day when we have to choose which company yielding 8%+ will get the cash.
Its get rich, stay rich, not get rich, try to get richer then go bust.

[pierre oreilly] 17/9/2023 15:31

1k, it was micro cap enthusiasm for the conditions 24 years ago. We likely won't see anything like it ever again.

[parttime] 17/9/2023 14:04

At the time I certainly wasn't looking for for moonshots, I was wary of tech stocks after loosing a few quid on Tadpole technology a few years earlier. I only bought GEO around the September thinking there was a good chance of making 20% by January, I guess it was a case of just being in the right place at the right time. Certainly more luck than skill and judgement.

[1knocker] 17/9/2023 13:44

I am only an occasional visitor to this board, and rsther surprised to see such enthusiasm for the exciting end of the investment spectrum here. I hope that does not mean I have misunderstood L & Gen, and that it is in fact much more 'exciting' than I understand it to be!! Perhaps I ought to re-check my homework!

[pierre oreilly] 17/9/2023 13:16

In the tech boom no one needed a golden touch. Those who started investing well before the tech boom in anything vaguely tech and small cap at least had the chance to exit with phenomenal profits, no skill necessary. It's probably those who made their frist investments during the tech boom who could potentially lose a lot and I'm sure many did.

It's bear markets where you need a modicum of common sense skill. In a Bull market, everyone is a winner and wizz kid, at least temporarily.

[1knocker] 17/9/2023 12:23

Is it selective memory, a desire to enthuse rather than to depress readers, or do BB investors have the golden touch?

When I look over my portfolio history, I wish I had not tried for any moonshots at all!

Its a bit like driving. It takes a lot of bursts at 100mph to make up any time spent at 0mph at the lights or in a traffic jam. The average journey speed depends more on avoiding the hold ups than the maximum speed attained at periods along the way.

Its the stocks you don't buy which matter at least as much as those you do. That cuts both ways - bullets dodged as well as meteoric risers missed.

[yachtmaster2] 17/9/2023 12:16

Saw that Skinny. Amazing

[yachtmaster2] 17/9/2023 12:15

What drove Infobank was Bill Gates saying “ Microsoft is looking forward to doing business with companies like Infobank “ drove the price crazy. I sold to buy a boat that had appeared on the market. It collapsed shortly after. I was lucky.