Legal & General Share Discussion Threads

[panshanger1] 09/2/2024 15:27

Back in today Compelling dividend history ( even through the pandemic as I recall when under enormous pressure to ditch it )In the ISA now and in for long term

[tornado12] 09/2/2024 15:26

Waiting for results on dooms day then all in 👍

[mister md] 09/2/2024 15:24

Added a few to my core holding, 233p seems good value.

[jubberjim] 09/2/2024 15:11

There is a gap towards 225

Why has everyone gone so quiet

[netcurtains] 09/2/2024 12:10

Guardian said in budget the chancellor is thinking of creating a UK-ISA to encourage funds back to UK - there will be NO STAMP DUTY on these investment....

Interesting idea.

[marktime1231] 09/2/2024 11:38

Citi may be right. H1 net profit on the books was hit by investment variances and H2 could be aswell. Asset values everywhere have been under pressure and that will include own funds. It is why the share price here plunged towards 200p last year.

Operating profit, capital generation, deferred eg future profit, new business etc were all strong and there is always the possibility of a helpful mortality release. Sir Nigel in whom we trust said at halfway that LGEN is on track and:

"The Board's intention is to continue to grow the dividend at 5% per annum to FY24"

LGEN might however, because of those investment asset variances, report a low full year eps, well short of recent performance and profit appearing to not cover the dividend. It is transient in the same way that you might be looking at your own portfolios which have perhaps been down 10-30% in recent times but are on the way back and which will continue to bounce as confidence returns. So if you believe in a recovery, and in the soft-landing interest rate cut scenario, the downgrade is alarmist. Nothing to be truly bothered by. LGEN remains in solid financial health with a great outlook paying a terrific yield we can rely on.

[anhar] 09/2/2024 11:12

You miss my point, netcurtains. The current yield of 8.5% is obviously better than 4% so folk should be happier lgen costs 236p rather than 500p.

If you complained to your local pub its beer is far too cheap they'd think you bonkers.

But this is true only for income investors for whom yield and divi sustainability is the major factor. I'm one but most here are not. ADVFN is populated mainly by short term gain chasers following chart nonsense.

LGEN is one of the last shares I'd consider if I was still seeking to score from gains. But I gave that up decades ago when I switched to scoring from divis. It changed my life.

[skinny] 09/2/2024 11:01

It was also £@£3.20 & @£1.40 5 years ago.

Make that 4/5 years ago. 🙄

[zac0_4] 09/2/2024 10:57

" . . . I will be amazed if this is 2.35 in 5 years time . . . "

It was £2.66 5 years ago!!

[skinny] 09/2/2024 10:42

JJ :-




Hope that helps.

[netcurtains] 09/2/2024 10:31

jonnybig: Nevertheless, if UK interest rates set to fall, then an 8.5% dividend will be seen as even better and thus the share price, touchwood will rise.
I'm 99% certain all investors want the share price to rise - I mean that is ground zero of investing.

[jonnybig] 09/2/2024 10:24

You miss my point, netcurtains. The current yield of 8.5% is obviously better than 4% so folk should be happier lgen costs 236p rather than 500p.

If you complained to your local pub its beer is far too cheap they'd think you bonkers.

[netcurtains] 09/2/2024 10:13

Some investors would be happy with a 4% dividend.

if interest rates fall substantially then 4% will be perceived as good.

So 500p seems potentially possible within 12 months if interest rates fall sharply.

[jonnybig] 09/2/2024 10:09

We should be rejoicing that uk stocks are so cheap yielding fantastic dividends.

Why would one be happier buying lgen at 500p yielding sub 4%?

Strange how folks perceive stuff!

[jubberjim] 09/2/2024 09:58

Any word on the gaps ??

Thanks

[m12rtn] 09/2/2024 09:51

I thought this share was for the dividend not trading and worrying about every drop. I just got a load which will give 8.6%. Won't be selling for 5 years as I want yearly pension monies from it. Long term if this is still 2.35 in 5 - 6 years I will happy as I reinvest the divi's till then at 8.6%. Or am I missing something? I will be amazed if this is 2.35 in 5 years time.

[tag57] 09/2/2024 09:47

I would say more frustration than fear and anger jonnybig

[jonnybig] 09/2/2024 09:38

Wow, you can feel the fear and anger on here lol!

[tornado12] 09/2/2024 09:27

Fortunate for us the ex didi is not normally until end April, so have a chance to grab some cheapo in the new ISA . I agree with a lot of sentiment that something is not right with UK stocks and the investor mix is not right to generate a good source of saving wealth. Need to get the pension funds back into the UK stock market, they have the clout to change things

[tornado12] 09/2/2024 09:23

Probably not Melmoo......I like your style :-)

[melmoo] 09/2/2024 09:17

"it's working for biden"

Trouble is, will he remember what he did?

[spud] 09/2/2024 09:00

It's all legal market manipulation and counter intuitive.spud