Legal & General Share Discussion Threads

[mcunliffe1] 28/12/2023 10:15

Noted Skinny. Hadn't thought. Thanks.

[jubberjim] 28/12/2023 09:26

Do not subscribe to any news service

Just happened to pop up on my tablet this am before the firewall intervened

[skinny] 28/12/2023 09:23

"
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Options include growing capital-light businesses such as defined contribution pension savings and wealth management. “Ultimately [bulk annuity deals] are a melting ice cube, they will disappear to nothing,” said Autonomous’s Crean.

Over a shorter timeline, investors are hopeful for more clarity on near-term capital returns. Some analysts think there could be scope for the new CEO to announce a share buy-back but others think the group is still more likely to put capital to work in extra bulk annuity deals. Jefferies portrays the group as “caught between a bulk and a buyback”.

Whether Simões doubles down on the bulk annuity market in pursuit of growth or puts greater stress on shareholder returns will be a key first test of his intention, investors say. 

“His first port of call is to build his reputation, and his credibility with investors,” said Crean."

[jubberjim] 28/12/2023 09:10

Yes that s the one

Much of a muchness didn t tell me anything new but everyone will have a different read

good luck

[mcunliffe1] 28/12/2023 08:56

jj: Was it this article?

[jubberjim] 28/12/2023 06:41

Again apologies for lack of http prefix

Article in FT relating to the new chap taking the helm at Lgen

My take is to wait any further developments and while the yield has dropped from 10% to nearer 8% still not a bad return truth be known.

Needs something to keep the momentum going

Where that will come from is anybodies guess and in light of the markets vagaries is open to debate.

For now will keep on holding on but hold back on any further capital expenditure

As stated previously retaining some cash in these uncertain times might be prudent.

Enjoy the end of years wind down

Good luck

[adejuk] 27/12/2023 12:47

we are such a self-destructive species
2 days of holiday and peeps shop as if they're going to starve

[adejuk] 27/12/2023 12:45

no
he is the messiah:-)

[dfoc] 27/12/2023 12:18

Was Nigel a social evangelist?

[tag57] 22/12/2023 11:27

Good luck with that CWA, it is absolutely crazy in the retail parks around us at the moment.

[cwa1] 22/12/2023 10:57

Going to be out and about for a bit of today and a lot of the weekend-that's when real men start their Christmas shopping :-))

So best wishes to one and all for a VERY Merry Christmas!

[speedsgh] 21/12/2023 15:25

Legal & General Retirement America (LGRA) has Closed $10 Billion Since Inception -

Pension Risk Transfer (PRT) Markets Close Another High Growth Year in the US and UK

[rongetsrich] 21/12/2023 10:16

Dividend was 13.9p, paid 5 June 23

[skinny] 21/12/2023 09:33

spawny - look at the 2 YTD and any time span come to that.

DOW futures +200

[mcunliffe1] 21/12/2023 09:30

Pound against Dollar and EURO has weakened.
Reports in papers suggests the Market believes our interest rates will fall sooner than expected (March) and hence a late Santa Rally.

I also think there'll be an election in May in the UK and in the Spring budget Hunt will promise tax cuts and no end of treats knowing that there'll be little time to implement such before the election and will either leave Labour with the unpalatable task of cancelling any goodies or, if the Tories win, will delay those goodies towards the end of the next Parliament.

Either way, the Market will rise in Spring.

[spawny100] 21/12/2023 09:19

I'm very impressed with how UK market has held up after the DOW fall yesterday.

[skinny] 21/12/2023 09:11

My purchase was August 2011.

[jubberjim] 21/12/2023 05:42

Skinny
Just me being nosy

But can I assume that the buy in price being mental would have been around the time of the failed Nat West takeover bid

Hold a few paper shares from that time fortunately not in RBS

Happier days

Have a good xmas

[spud] 20/12/2023 22:54

Chief - You'll probably get yer pullback tomorrow judging by the hosing the DOW took going into the bell. spud

[keyno] 20/12/2023 22:47

You can also find a lot of info "in-house" if you look above under Menu, Financials, Dividends, sllab101.

[mcunliffe1] 20/12/2023 19:03

Hello sllab:

Divi's paid about 5th June and it was 14.6p last and 26th Sept at 5.71p in the past year.