Legal & General Share Discussion Threads

[riverman77] 09/2/2024 09:00

Tempting to buy back in, although shares can often be weak after downgrades so might give it a couple of weeks. I recently sold at 250p, mainly because I prefer AV rather than anything wrong with LGEN. I had slight niggling doubts about some of their asset exposure, as well the tricky task of replacing a dominant CEO. Nevertheless a good company and would happy to buy some at 230p

[muscletrade] 09/2/2024 08:55

21 days ago the same CITI issued a neutral rating when the share price was above 250p.Really ? Have the wheels fallen off in the last three weeks?

[morgoth1] 09/2/2024 08:55

imho
eps will be down full year because of the write
offs in the first half.
But i expect eps to be well up in the next first half if
no more write offs

[adejuk] 09/2/2024 08:54

maggie said you can't buck the market
the market is telling us that the uk is a busted flush
when will the govt open its ears and stimulate investment?
it's working for biden
good old keynesian theory

[tornado12] 09/2/2024 08:42

Are Citi trying to grab some cheap shares ?.. What happens if what they are predicting as a downturn in EPS does not materialise on 6/3.. can LGEN sue them for manipulation of share price ?... When there is bullish recommendation we hardly move a jot on share price , but as soon as a sniff of bad press they always tank in FTSE. I wait , see & add .. GLA

[jubberjim] 09/2/2024 08:40

Thank goodness there are people out there with a sense of humour

It made me laugh

Has cheered me up no end but as you might have guessed

I am very gifted (used to work in a circus )

[supermarky] 09/2/2024 08:40

Yawn. Bought another lot. Ignore the craziness and short term noise.. Its a long term hold with excellent divi.

[skinny] 09/2/2024 08:39

melmoo - that isn't Latin - more like b*llsh*t!

Anyway, it allows their cronies a better entry point.

[kirkie001] 09/2/2024 08:36

Well, I substantively disagree with Citi's views - but I would, obviously, that's why I'm long here already. Would be interested in the detail, as some of the "-ive investment variances" (commercial property, LGC's equity hits) are possibly more visible than some of their successes.

I wouldn't suspect too many surprises from the insurance book - or, in other words, if it is adverse to expectations, it WILL be a surprise to the downside.

If this dips to sub 225p before the results, I'll top up marginally, I think.

[adejuk] 09/2/2024 08:35

i took ano 5k at 235
incl gordon brown's pension

[longwell] 09/2/2024 08:30

All they are saying is no dividend rise.Happy with current level compared to most of my other shares. Great income play at these levels.I have looked at dip as an opportunity rather than the effect on my portfolio.

[melmoo] 09/2/2024 08:28

"negative watch" "negative catalyst watch" "negative investment variances" "opacity" "capital return surprise potential"

Anyone do latin at school?

[adejuk] 09/2/2024 08:22

looks like lgen getting out the bad news early.
informed analyst - a pimply, adderall addicted 26 yr old

[ric0chet] 09/2/2024 08:21

from Sharecast: Citi has put L&G on negative watch

(Sharecast News) - Legal & General was under the cosh on Friday as Citi cut its 2023 earnings per share estimates and opened a 30-day 'negative catalyst watch' on the shares ahead of full-year results on 6 March.

The bank cut its 2023 EPS estimate by around 27%, primarily driven by negative investment variances but said its operating profit estimate also declined, by around 3%.

"There is some follow to the outer years as our EPS estimates decline by circa 10%," it said.

Citi said it expects material EPS downgrades into results "and although this is primarily investment variance driven, this highlights the opacity of Legal & General Capital (LGC) and comes against a backdrop of L&G being the best performing UK life insurer over the past three months and what we see as limited upside capital return surprise potential".

At 0812 GMT, the shares were down 2.7% at 234.70p.

[p0pper] 09/2/2024 08:18

Well here we go look. Citi downgrade

(Sharecast News) - Legal & General was under the cosh on Friday as Citi cut its 2023 earnings per share estimates and opened a 30-day 'negative catalyst watch' on the shares ahead of full-year results on 6 March.

The bank cut its 2023 EPS estimate by around 27%, primarily driven by negative investment variances but said its operating profit estimate also declined, by around 3%.

"There is some follow to the outer years as our EPS estimates decline by circa 10%," it said.

Citi said it expects material EPS downgrades into results "and although this is primarily investment variance driven, this highlights the opacity of Legal & General Capital (LGC) and comes against a backdrop of L&G being the best performing UK life insurer over the past three months and what we see as limited upside capital return surprise potential".

At 0812 GMT, the shares were down 2.7% at 234.70p.

[netcurtains] 09/2/2024 08:14

wow!
Thank gawd for the dividend.... Which is why we are here....
But these swings at insane.

[p0pper] 09/2/2024 08:12

You can see why people throw the towel in, FTSE now pathetic, why the hell is LGEN down another 3% today

[wllmherk] 09/2/2024 07:48

pete160, brilliant, that made me LOL

wllm :)

[pete160] 09/2/2024 07:41

Every post of jubber's on every board is inevitably him saying he's sat on his hands.It makes you wonder what he's typing with ? :-)

[wish i wasnt in rbs] 09/2/2024 00:46

Jubber I’ve been following you round these boards for a while and I often wonder -why would you invest into a country with a weak currency where the company has to run to stand still when you can invest into a country with a strong currency where even if a company’s share price stands still you are still making money on the currency appreciation?

[jubberjim] 08/2/2024 13:03

Here are my for want of a better word Pinch Points

447 Aviva

257 Lgen

Any break above hopefully both at same time will see me getting back on board hopefully before results.

In the meantime content to sit on hands

[vickiitwo2] 08/2/2024 08:31

No, the share price does not reflect FY results and outlook as much even as a negative or positive comment about another overseas economy, especially the US. Merely a non growth puppet bobbing up and down like most of the rest of FTSE constituents

[tornado12] 08/2/2024 07:31

I agree the U.K. market in last months is impossible to predict and seems closely linked to the U.K. performance. Completely different to DAX which is near record high and Germany near recession. For me a lot depends on how the FY results perform and outlook. I still believe the share price does not reflect the true value in a lot of FTSE. But clear , I also get frustrated by the random price changes and over selling. GLA