Legal & General Share Discussion Threads

[tornado12] 03/12/2023 11:23

Most if that is management incompetence and they should be sacked and bring in people with business mind approach. Not these woke council mentalities

[123trev] 03/12/2023 10:49

One in ten local authorities are close to bankruptcy rising to 50% if nothing is done soon poor management rising costs and the slashing of budgets by central government is sending shockwaves in local government services at a time when they are being overwhelmed. The tax take is already higher than since the Second World War so just how are these problems going to be solved?
It’s an important question when your already spending much more than you bring in and credibility is at rock bottom tough choices are on the horizon and will I believe have big impacts on markets even if they choose to ignore them for now.

[123trev] 01/12/2023 10:18

Despite the current euphoria reality will soon set in again things are far from rosey and government and consumer debt just keeps growing at an alarming rate but just keeps the wheels on the bus from falling off any rally will be sold into because it’s glaringly obvious that a major fall is coming. 123trev still waiting for my Samaritans call back!

[dope007] 01/12/2023 09:07

All of them are significantly undervalued is the truth

[mcunliffe1] 30/11/2023 16:31

Peter, I'm guessing your decision time comes next end March. Putting cash into a S&S ISA before the tax year-end would, I'm assuming, at least earn you some interest on that amount and leaves your next allowance in April 6th 2024 untouched?

I honestly think that with the depressed SP's at this moment, BATS and LGEN would provide a very respectable dividend yield.

RECI is another decent investment although at 129p it's a little higher than I'd like. I bought in at 126.122 on 18th May '23. My £5,000 investment is now worth £5,384 having re-invested the two dividends thus far. Two more expected before next May as they pay quarterly (as do BATS).

Cheers, Mike

[petersinthemarket] 30/11/2023 16:07

>MC - my comment was rather tongue in cheek. I haven't put any new money into this years ISA yet as I still don't trust this market. I'm working a bit closer to a one in, one out, sort of routine. rgds, peter

[fatherjack3] 30/11/2023 14:20

I really wish this would get over 230 and stay there. Below 230 is just too damn tempting!

[mcunliffe1] 30/11/2023 13:12

petersin: It's not really a trust issue for me. It's a lack of available funds to place into an ISA let alone multiple ISA's.

I never bought into cash ISA's as I thought the major benefits were generally taken by the issuing bank or building society. You could often get better rates outside an ISA.

However, had I appreciated the benefit of a stocks & shares ISA and perhaps directed some of my pension payments into such rather than a pension I might now have a decent investment portfolio albeit a smaller pension pot.

Pierre O'Reilly is very much a supporter of S&S ISA's rather than classic pensions - he is a poster on the ABRDN thread - as well as on here I believe.


And yes, I trust my family :-)

[petersinthemarket] 30/11/2023 12:52

If you trust your family enough, you can manage many ISA's!

[mcunliffe1] 30/11/2023 10:59

point taken fenners66 and m12rtn. Hadn't appreciated the tax element.

I hold mine in a SIPP so my tax aspect relates to when I draw-down rather than when I buy shares with the cash sat in the same SIPP.

These ISA input limits are a real drag. If they were raised - perhaps even removed - we could all put loads more in, tax-free, but INVESTED in the main in the UK market.

Now, of course, if you have unfathomable amounts of money to invest you do so off-shore. Same end result - no tax paid. Equally though, no benefit to UK plc.

[tornado12] 30/11/2023 09:02

Looking to the current UK market sentiment we are at best treading water in FTSE. Although to some extent disappointing for share price valuations, it does mean for 2024 there remains strong reason to invest for dividend yields on divi pay days. I do not expect surprises from LGEN and look forward to the opportunity to add. Holding for long term income GLA

[cwa1] 30/11/2023 08:17

From elsewhere:-

jonwig 30 Nov '23 - 08:02 - 2162 of 2162 0 0 0

Lord (John) Lee in the FT today:

I view the UK market as attractive and very undervalued — not only for high-yielding large-cap stocks such as Aviva, Legal & General, M&G and Phoenix, all of which I own, but also for so many small-caps. With interest rates peaking and inflation heading down, my large-cap bloc is edging forward, but surely has some way to travel.

[fenners66] 29/11/2023 20:36

MCunliffe1

I think the point m12rtn was making - is that they want to buy some more in April - I'm guessing possibly the new tax year funding of an ISA or SIPP perhaps - and thus they want the share price to remain low so their yield on those new shares remains as high as possible.

[mcunliffe1] 29/11/2023 16:06

Thanks Dud.

[winner31] 29/11/2023 14:19

Upgrade from Deutsche new target £2.95, way above where we are !

[dudishes] 29/11/2023 13:12

G'day MC,

In answer to yr 4184.

I sold down/closed most of my holdings, including LGEN (-1pt) due to travel and availability...and boredom, moving to SB rather than shares/divi.

I was nervous about LGEN anyway, but decided on a clean sweep.

My reference to SAGA was somewhat tongue in cheek, bottom fishing, I'm currently down a few pts there at this time.

Another I was researching was JMAT, got lucky there, so far.

Posted positions on threads in question.

cheers

[mcunliffe1] 29/11/2023 13:09

The next div payment is around June - I believe.
The amount of dividend you receive in pounds and pence will be unaffected by any share price movement - in any direction.
What you DO with that dividend payment is what will, in part, determine the true percentage rate.

But, any buy or sell actions on your part before the ex-div date will also affect the amount of dividend payment you receive.

At this moment the yield is about 8.61% based upon a share price of 228p If you invest £1000 now that yield (on that part of your holding) is locked-in at 8.61% providing the company does not materially change the dividend payment amount. They probably will, slightly upwards. Let's say they pay 20p in total next year rather than the 19.64p of this year. The yield would be 8.77% on that £1000 invested today.

Suppose the share price is indeed 300p by the next div. payment date and remains that through to the second div. payment in Sept 2024. You'll still get the 8.77% on that £1000 and the amount of yield on your other holding will have been determined by the cost you paid for that other holding.


The yield you obtain is simply a division of the dividend amount in pence, times 100 then divided by the share price at the time you bought the holding.


Can I suggest you DO want the share price to go up to £3.00 having bought today at £2.28

Or, do you want it to go down? That adversely affects any existing holding that you presumably bought at a higher price than £2.28.

Yield is an ephemeral beasty.

[m12rtn] 29/11/2023 12:21

Don't want the share price going up! At £3.00 the dividend is only 6.5%! And I want more in April.

[cwa1] 29/11/2023 08:20

An ENORMOUS broker upgrade for LGEN :-)

Deutsche Bank Raises Legal and General Price Target to 295p(290) BUY

[123trev] 28/11/2023 15:23

I bet you all wished you’d bought RR crazy. 123trev lol.

[cassini] 27/11/2023 23:55

zac0_4

I take your point. I will be investing more into global funds in the new year.

After Batflu my strategy was to catch the bounce in equities in my SIPP and L&G pension.

That worked.

Then I played a purely defensive game against the rise in rates from Feb '22 by going into money market funds in my L&G pension but also trying to trade my SIPP stocks plus getting into fixed interest Prefs at the low of Nov '22.

Now I'm searching around for a new strategy. Yields on the FTSE are high, but largely because the share prices are falling which nets out to not much return if already holding...

Fortunately I have some dry powder but the FTSE has been moribund seemingly for 20 years so unless one trades/times it, no index growth.



We will see...

[123trev] 27/11/2023 20:28

You got there before me Ron was going to tell him that they no longer take my calls lol. Obviously he has his own problems I’m certain there is a mental condition about telling people who you are twice wonder what 3800 means to the guy and maybe his advice is a lot closer to home!