Legal & General Share Discussion Threads

[rongetsrich] 02/1/2024 21:28

And to you, JJ. I have a feeling the cycle is over and we’re going to drift back to 220-230, for no other reason than the rally is over… and there’s no news.

[jubberjim] 02/1/2024 18:47

Think the new CEO will have his hands full over the coming days

Is my read bearing in mind the turbulence expected across the middle east

Will hang on as 8 % dividend is not to be sneezed at but looks like the plateau has been reached

Had hoped that we might have driven through and up but was not to be

Best of luck to all over the coming months have a feeling we will need it

Happy New Year all take care

[rongetsrich] 02/1/2024 13:31

Too quiet here, are you still chained to the pub bar, Trev?

[cfro] 02/1/2024 11:18

First day at work for the new CEO today then. Personally i am hopeful he will do a good job. His previous experience may help him bring LGEN into more International markets perhaps.

But as always it will only be time that tells...

[marksp2011] 02/1/2024 10:14

Sold 50% of my holdings in Aviva, Lgen and PHNX
and bought XDEQ an ETF that tracks a global quality index

Total return is the underlying reason

[tornado12] 02/1/2024 09:24

Thanks for the FT article. I hope the LGEN strategy will continue to growth both revenues and EPS. This supports the divi growth which is the fundamental driver to be in LGEN. To start SBB will be a mistake as made by many corporates and has very limited impact on share price Hoping for a successful 2024.. GLA

[cwa1] 31/12/2023 15:22

As the long Hogmanay wind up starts all that remains is to wish one and all a very happy AND prosperous New Year. Cheers 🎊🍾🎆🎇

[pvb] 31/12/2023 11:16

...Interesting.

[unastubbs] 31/12/2023 09:59

a screenshot of the FT piece on the new CEO

[pvb] 29/12/2023 23:23

...You could also just drop everything from the question mark onwards.

[netcurtains] 29/12/2023 20:55

CWA1:

you could do this:

[cwa1] 29/12/2023 20:37

I'm not sure if there's a competition for longest link ever but surely that must be a contender if there is!

[bargainsniper] 29/12/2023 19:39

Https://www.thisismoney.co.uk/money/investing/article-12907781/Why-Britain-place-invest-2024-Experts-tip-screamingly-cheap-UK-stocks.html?ico=mol_desktop_moneymarkets-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Fmarkets%2Findex.html&_ga=2.125570890.1521296982.1703061896-1320128332.1702367921&_gl=1*mzl28e*_ga*MTMyMDEyODMzMi4xNzAyMzY3OTIx*_ga_XE0XLFFF16*MTcwMzg3NDUxNC41NC4xLjE3MDM4NzcwNDQuMC4wLjA

[cwa1] 29/12/2023 14:21

Hello davethehorse

I see you've mentioned the same thing multple times over different boards.

I'll let it go this time-but please don't do so any more on here.

Much obliged

[spud] 29/12/2023 14:16

Pumpty pumpty pump....

spud

[davethehorse] 29/12/2023 10:03

POLR finally breaking out now....10% divi and PE of 9....looks very under valued and a AuM update due on the 12th Jan, ripe for a re rate...;-)

[rongetsrich] 28/12/2023 23:50

Alf, perhaps investing is not for you, Sainsbury's paying 2.1 per cent now

[alphorn] 28/12/2023 16:53

...........Is the UK big enough to handle the risk?

[marktime1231] 28/12/2023 16:47

Agreed Kirkie there is a fair way to go with bulk annuity transfers it was an odd comment to make, a glib facile remark which may be true but gives a false impression of the size of the opportunity and how long it will last. So far we are just scratching the surface. As more and more legacy pension schemes get themselves in shape demand will continue.

As I see it the looming problem is how to absorb bigger transfers. For example LLOY has just about cleared the overhanging liability on its three legacy schemes, and could probably afford a final one-off reinsurance policy cost to tee up a transfer. Combined I think the assets/liabilities involved are in the region of £50B. Ten times the size of the biggest individual UK prt to-date, about 5 years worth of new business in one chunk. Is LGEN or anyone else in the UK big enough to handle it?

[pj84] 28/12/2023 16:20

Some other extracts to clarify the timing of the bulk annuity market eventually contracting and diminishing: -

"“The current model will deliver for years, but what comes after?” said one person familiar with the board’s decision to choose Simões."

...

"L&G currently expects to do £8bn-£10bn of UK deals a year, but investors are already thinking ahead to when the pool of companies with a legacy defined benefit pension scheme has shrunk significantly.

“It’s a market that at some point will run out,” said Citi’s Baker. “As that whole market matures .̴1;. . does [L&G] just become a run-off company? It’s not like that’s tomorrow, but it is something that the company needs to start thinking about.”"

[jubberjim] 28/12/2023 15:46

Do not think we will be going anywhere now until theses pesky gaps?(my understanding) have been filled.
See you all after the weekend

Happy New Year

[kirkie001] 28/12/2023 15:43

Andrew Crean's supposed to be a well respected Analyst. Saying that "ultimately, bulk annuity deals will disappear to nothing" is a bit like saying "there's no point in drilling an oil field as it will eventually be empty"...

The market has excess demand and not enough supply (ie writers of bulk annuities), the barriers to entry and high, and there's still over a trillion of liabilities to write - at a current (market) run rate of about 50-60bn a year.

He knows all this - so why such a one-eyed view? Makes no sense, and just makes my wonder what his agenda (other than presumably a sell) is....

[tornado12] 28/12/2023 10:26

I don’t see major progress in share price from here without positive news on interest rate reduction and the FY results. I do believe we will have an upbeat 2024, but not sure how the new CEO will steer the ship. I am hoping steady as she goes with continued growth in PRT one of the main levers for growth in EPS. Also assets should become more popular as interest rates fall. GLA

[mcunliffe1] 28/12/2023 10:19

Not the dreaded BB.
Without wishing to get back into the perennial debate I would like to think that Simões has more inventive ideas given L&G's position as a manager of wealth and investments.

[mcunliffe1] 28/12/2023 10:15

Noted Skinny. Hadn't thought. Thanks.