Legal & General Share Discussion Threads

[skinny] 19/10/2023 17:16

NAV is @194.65p.

[coxsmn] 19/10/2023 17:07

AbsolutelyA gift horse

[netcurtains] 19/10/2023 17:04

In fact the dividend yield of LGEN is not 8% (sorry) its 9.25%
That is a locked in....

What bank will give you 9.25% interest (and tax free in an ISA)...

Cheers Net...

[tornado12] 19/10/2023 17:04

Gilt yields are rising again … all linked to the development in Middle East and oil going sky high …. Will break the back of stocks and surely push us into recession. I Hope something calms down in Israeli conflict, though I understand why it’s happened … GLA

[dexdringle] 19/10/2023 17:03

If it was due to Ukraine, or the Middle East, or indeed any external situation then it wouldn't be unique to LGEN and all shares would have an 8% dividend yield.

[netcurtains] 19/10/2023 16:59

Naw - neither of those above reasons for the fall make sense. Say you get 8% at the bank and 8% at LGEN... Eventually the bank 8% will fall back down and you will miss the boat to get 8% at LGEN.
8% is locked in at LGEN (more or less) and you get the upswing when recovery hits...

Wars in middle east? We've had those for a 100 years.... So that is pretty much meaningless.

Wars in Ukraine - that war appears to be grinding down to a stale mate..

So neither of the above two reasons are rational....

But then the market is not rational - I guess that is how we make money. Being rational when the market goes nuts.

Cheers Net.

[dudishes] 19/10/2023 16:56

Alp, ticked that.

Thank gawd for shorts Opti and VCP eh?

[daisylove] 19/10/2023 16:56

What's the lowest this can realistically go?

[cwa1] 19/10/2023 16:55

Indeed, to add but one more reason to the litany

[alphorn] 19/10/2023 16:50

Perhaps a realisation that interest rates may be higher for longer and the economies are not in a good shape?

[cwa1] 19/10/2023 16:47

What is going on?

I suppose the ongoing war in Ukraine allied to the potentially huge conflagration in the Middle East MAY be exercising investors' minds at the moment?

[netcurtains] 19/10/2023 16:32

If you bought LGEN for cash at its current price. It would only take six years profits to get your entire investment back

Everything after that would all go straight into your back pocket..

For rich people LGEN is insanely cheap...

PE ratio 5.5..... That is nuts!

What is going on?

[skinny] 19/10/2023 11:36

anhar - with all due respect - you've made your point repeatedly on various threads.

I think we get it.

[zac0_4] 19/10/2023 11:34

I don't automatically reinvest. However, I don't try to be too clever. If I intend to continue to hold the dividend paying asset then that's where the dividend is reinvested.

It removes the possibility of me simply chasing the highest yield when it could be a value trap.

[anhar] 19/10/2023 10:52

...and reinvesting dividends into the paying asset...

I don't agree with that. I run an income port and never auto reinvest divis into the paying share. Far better imo to decide for myself where to reinvest the cash because the paying share may not be the optimum choice. All the shares in the port, or possibly a new one, have to compete for accumulated divi cash.

[zac0_4] 19/10/2023 09:40

Luckily dividend paying holdings only represent around 25% of my portfolio. I'm viewing the current situation as (hopefully) a long term opportunity, and reinvesting dividends into the paying asset.

I hold very little cash. I've started to consolidate my fund holdings into simple global tracker funds. After many years I've realised I struggle to beat the market and so do many fund managers.

On that basis my L&G global equity tracker (LGGG) is now my 2nd largest holding and seems to tick along ok at +10% ytd.

[tornado12] 19/10/2023 09:31

Nice one :-) I can relate to your nightmare !.. But seriously, with near 10% divi and the long term conviction this will be back to 250p... I am here for many years to come

[p0pper] 19/10/2023 09:20

You don't know what a nightmare is, have you met my missus :)

Sorry CWA bit of light o/t relief there.

[solarno lopez] 19/10/2023 08:27

Life's a nightmare

[dope007] 19/10/2023 08:22

The FTSE is a nightmare

[adejuk] 19/10/2023 08:10

the chart is a nightmare

[tornado12] 19/10/2023 07:08

All my dividends will be reinvested but new capital is going into my Pension fund which is now 100% cash GLA

[tornado12] 19/10/2023 07:06

Looks like another down day. War in Middle East has put petrol on the world inflation and pushing up the gilt yields. It’s a continuous calamity of bad news. Don’t think I have ever experienced the chaos that is the last 3 yrs like it. I’m stick to the long term approach and fully expect LGEN to weather the storm and pay strong dividends while we wait for sunny times GLA

[jubberjim] 18/10/2023 16:35

Well dodged a few bullets today

FOMO is over riding factor on failure to go lower plus the 9% dividend now on offer

Am content to sit back and await developments

Not quite 9 percent for me but close so no worries