Legal & General Share Discussion Threads

[tornado12] 02/2/2024 11:23

Hit the nail on the head there Woodhawk.. Bravo

[woodhawk] 02/2/2024 11:12

So what is wrong with reinvesting well-above average dividends at well-below average share prices? Sounds like a bloody good idea to me! Of course, this doesn't suit short term traders.

[tornado12] 02/2/2024 08:14

Yes Jim, I share your frustrations, but the positive spin is the ability to compound dividends at very good yields. When LGEN release results with a further 5% increase it will become another crazy yield increase. Today the yields are not reflecting the risk in stalwarts like LGEN that´s for sure. I only think change will happen when the interest rates really start to fall and the inflation genie is back in the bottle which is not guaranteed in 2024.. GLA

[netcurtains] 02/2/2024 08:13

I've been slowly moving from the UK to all over the world....

UK shares no longer make rational sense. The wild swings are the same as the third world.

Its not really a great place to invest pension money.
That said I'm still in LGEN....

[jubberjim] 02/2/2024 07:55

Does anyone else find it infuriating how the movements of this share and others are constantly held back and fall purely on the movements in other shares.

FOMO keeping me invested for time being plus dividend history

I hope the results when they do land will have been worth the wait as seriously considering whether to take my profit and look again nearer results

Phoenix ! Still waiting for it to rise from the ashes and fly.

Remaining grounded for now

Good luck

[williamcooper104] 31/1/2024 12:33

Despite the volatility and high beta here whatever happens it seems range bound between 200 and 300

[yump] 31/1/2024 11:45

Well done to those that bought below 220p. I had some at 230 and then chickened out in October as it fell. Just goes to show that you can imagine all sorts of dire things happening when the share price falls, when there's nothing much new being reported.

[actybod] 30/1/2024 18:40

Just nice and steady - just what we like!

[alphorn] 30/1/2024 15:41

Quiet thread. Aviva dropping this afternoon.

[tornado12] 26/1/2024 10:38

If LGEN can focus on what they do best in next 2-3 years this company revenues and dividend will continue the 5% trend increase. That would do me nicely. Let’s see how the new CEO shines in March

[tornado12] 26/1/2024 10:19

It could be in the future , but only just started in the US

[netcurtains] 26/1/2024 10:14

I believe LGEN is big in USA

[skinny] 26/1/2024 10:09

10 month high @255p

[tornado12] 26/1/2024 08:25

Financials treading water waiting for results from inflation and the flurry of FY results in the next weeks. Hoping for positive number from LGEN and the big divi announcement. Patience is a virtue in this business GLA

[luderitz] 25/1/2024 09:59

A terrific divi with this one as usual.

[masurenguy] 22/1/2024 08:31

Legal & General
The Daily Telegraph

Legal & General yields 7.8%, twice the average on the wider FTSE 100. Payouts have been reliable, with even the pandemic failing to prompt cuts. The stock has gone nowhere for the best part of a decade, but an “extremely low valuation” means capital gains are a possibility. Hold for income (248p).

[cfro] 22/1/2024 07:26

A wave of money coming this way:

[williamcooper104] 21/1/2024 10:19

I use XIRR for modelling projected returns But record realised returns as a simple CAGR - and in my head shorthand just capital gain/loss plus divi yield

[jubberjim] 21/1/2024 09:11

Referencing post 4485 AW

I for one am not suprised

Could be interesting tomorrow

[skinny] 21/1/2024 08:46

I've posted my total returns on LGEN previously :-)

[zac0_4] 20/1/2024 22:16

pvb - yes, dividends should be taken into account when evaluating long term performance and have been included in LGEN figures listed.

I’ve used an averaged CAGR in each case to provide a simple long term performance comparison in each case.

I don’t use XIRR as i’m content with annualised CAGR to give me a sufficient comparison.

[pvb] 20/1/2024 18:19

zac0_4 20 Jan '24 - 14:41 - 4486 of 4489

Dividend paying shares / trusts currently make up about 25% of the overall value of my portfolio. LGEN is my largest dividend paying holding. My intention is to reduce this level of exposure to below 20% by year end.

I'm now firmly in the camp that believes receiving a regular dividend simply masks poor overall long term performance.

But shouldn't they be a part of that overall long term performance? Obviously it is better if there is significant capital gain as well! Do you use, say, XIRR to evaluate performance of a share?

[pvb] 20/1/2024 18:16

MCunliffe1 16 Jan '24 - 15:37 - 4447 of 4488

zac: NEVER challenge Pierre to a 'math-off' :-)

Oh, I'm game! :-)

[zac0_4] 20/1/2024 17:24

Yes. Perhaps my post hasn’t come across as intended. What I mean is you may think you’re doing ok when you focus on the dividend in your total return figures. I haven’t got my figures to hand but they’re not a million miles off the following:

My capital return -3%, dividends to date +45%, total return +42%

However, i’ve held this for years.

If I look at LGEN average annualised return over say a 10 year period it’s 5.8% pa. So a total return of 75% over 10 years.

Compare that to the L&G International Index Trust. A simple global equity tracker. It’s delivered a 10 year average of 11.7%. So, 202% over the same period.

That’s what I mean when I say dividends can mask overall returns.