Legal & General Share Discussion Threads

[anhar] 09/2/2024 11:12:32

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 11:01:44

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

Make that 4/5 years ago. 🙄

[zac0_4] 09/2/2024 10:57:53

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

It was £2.66 5 years ago!!

[skinny] 09/2/2024 10:42:46

JJ :-




Hope that helps.

[netcurtains] 09/2/2024 10:31:42

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 10:24:21

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 10:13:08

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 10:09:34

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 09:58:22

Any word on the gaps ??

Thanks

[m12rtn] 09/2/2024 09:51:16

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 09:47:33

I would say more frustration than fear and anger jonnybig

[jonnybig] 09/2/2024 09:38:45

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

[tornado12] 09/2/2024 09:27:19

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 09:23:43

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

[melmoo] 09/2/2024 09:17:12

"it's working for biden"

Trouble is, will he remember what he did?

[spud] 09/2/2024 09:00:47

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

[riverman77] 09/2/2024 09:00:24

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 08:55:52

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 08:55:05

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 08:54:22

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 08:42:42

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 08:40:54

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 08:40:47

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