Legal & General Share Discussion Threads

[jubberjim] 14/12/2023 11:23

My Nick Train portfolio has taken the strain out today so pressure off will wait for my sell level now here and in the meantime drooling in anticipation of the dividend in a few months time

Hang on in there

[tornado12] 14/12/2023 10:53

I expect BoE to have similar position to Feds announcement, but more vague on timing and level of cut for next year. We will be forced to follow no doubt and this is the tailwind we need to get back to 260-270p range. Only downside is the topups feel too costly lol

[netcurtains] 14/12/2023 09:27

Does monetary policy mean money tree policy but without the gap between money and tree?

[jubberjim] 14/12/2023 07:34

Not getting too excited

Will continue to hold but not looking to add any more here there or anywhere for time being.

Lack of funds and overall confidence weighing heavily on my good self but expect lots of positive comments but not much in the way of actual action.

Believe it or not I enjoy the Bah Humbug bit of Xmas as much as the festivities misanthrope that I am

[tornado12] 13/12/2023 19:30

& announces 3 cuts next year ! Massive step

[tornado12] 13/12/2023 19:29

Fed interest rate announcement ?

[netcurtains] 13/12/2023 19:23

Big jump in the dow just now...

What caused that?

[jubberjim] 13/12/2023 17:05

So far this week has been a major disappointment

Looking forward to Fridays trip/quad witching ?

It will inject some life into the markets

I'm just dredging at moment and seeing what pops into newt(intentional)
I is and will be until after Xmas

Good luck

[gap down grim] 13/12/2023 16:04

Wont be any santa rally here or in 2024.😡


Cheers Grim 🦆🦆🦆

[tornado12] 13/12/2023 12:01

What brought us close to 200p was the LDI fiasco last October and the bond market. Is clearly a big factor, but then there are also several others including rush for cash rather than stocks with interest rate rising ... A big player in the asset market like LGEN was clearly affected. This is followed up with usual helpings of recession fears and inflation. GLA

[netcurtains] 13/12/2023 10:54

Bond prices only count up to a point. What shifted the price of LGEN before bond price fluxuations were a thing?

What are the top ten things that we should look for?

[tornado12] 13/12/2023 10:53

The continue news flow that bond yields are falling around the world is good news for us and LGEN ;

hxxps://urldefense.com/v3/__hxxps://mol.im/a/12856341__;!!AWBpCeCd!f881cby-FJhOEHobk3EKisZ1xS4-DJ2s-8xnwD54YHmQj67CeyFB7uaKFDV6GSmBILJwr4AFM1PdhzX7zUWNpcGSuCesxA$

[jubberjim] 13/12/2023 08:58

Little bit more to go until I look to unload some


enjoying the ride

[dope007] 13/12/2023 07:55

Only the idiots at the BOE and. Rishi will be surprised by those poor figures

[netcurtains] 13/12/2023 07:51

GDP fall. Not sure if good for LGEN re: interest rates....

News says this:

Traders may be concluding that the Bank of England is more likely to cut interest rates in 2024, if the economy is weakening.

Lindsay James, investment strategist at Quilter Investors, says:

“UK GDP fell 0.3% month-over-month in October, down from 0.2% in September and missing estimates, piling the pressure on the Bank of England ahead of Thursday’s interest rate decision.

While no rate cuts are expected tomorrow, or for some time, it will be crucial to see how the BoE is monitoring economic growth going forward and what that might mean for the path of interest rates. Calls for rate cuts are likely to grow stronger should this sort of economic data persist.

[actybod] 12/12/2023 18:30

Great to see - heavyweight in my pf - expecting a run to at least 260 please

[skinny] 12/12/2023 16:38

6+ month high @244.60.

[netcurtains] 12/12/2023 15:49

whoops wrong thread

[tornado12] 12/12/2023 13:21

Preliminary FY results are up on 6th March. I fully expect another bumper set of numbers and divi rise +5% .. GLA

[speedsgh] 12/12/2023 13:11

Legal & General on track for exceptional year with retail annuity sales up by 48% YTD -

[marktime1231] 12/12/2023 12:08

Trying hard again today, you might be right tornado that we could be seeing a rally back to 260p, worth holding through the reporting and dividend cycle. Still all about bonds and rates though isn't it, rather than LGEN steady winning performance.