Legal & General Share Discussion Threads

[tag57] 12/2/2024 07:49

Cheers, yf, was going to watch it this morning! Thought I could read these BBs without seeing the result B-0

[yf23_1] 12/2/2024 03:53

KC win the superbowl - what a game - glad I stayed up - off to bed now.

[lippy4] 11/2/2024 21:57

cwa

it is the weekend where boys will play..

[cwa1] 11/2/2024 21:53

Maybe...but keep it closely related to LGEN on here nonetheless. General politics chat such as we've seen earlier on tonight has strayed too far IMO

Thanks

[jonnybig] 11/2/2024 21:45

Cwa, it's very political why thr likes of lgen are getting trashed so I think it's very relevant!

[cwa1] 11/2/2024 21:39

I'm on my weekend break, so just popping in for a minute...but there does seem to be a hint of politics breaking out on here.

Enough, thanks. Time to take it elsewhere if you want to discuss politics. Back to LGEN here.

Much obliged all

[yump] 11/2/2024 21:07

What a nice contribution to a tolerant society. Lets tar everyone with the same brush. Labour are a bunch of reds etc. etc.

Haven't you read Animal Farm ?

You do know that's how wars start don't you ?

[thebutler] 11/2/2024 18:16

There's a big chance Reform will get more votes than the Tories in this Thursday's Wellingborough by election. 3rd place after a 18k majority in 2019 will be humiliating. I reckon Tories will struggle to win 80 seats in the General Election. It will be great to see the back of the toffee nosed silver spooned self serving liars.

[riverman77] 11/2/2024 18:03

Tornado - Would be great if Hunt could implement those pension changes - that would really give a boost to UK equities. Can't see Labour doing anything to support the UK stock market, so they've only got a few months to get something done. Probably wishful thinking, but you never know.

[jubberjim] 11/2/2024 17:10

It has only been a few days when Lgen was showing a clean pair of heels to the rest of the pack

What has changed

It is catch-up

Dearth of activity has not stopped the rise in the brokers share price even though in my erstwhile opinion activity has slowed and is in fact negligible at the moment

Until we have the results stop the mindless panic stay the course and with sufficient cash on hand to take advantage of the inevitable opportunities.

Collect the dividends in due course and await developments

[yump] 11/2/2024 16:30

How are failed businesses relevant ? A tiny number of people succeed for the longer term with their business. Especially if they’ve actually had the bottle to try something new.

[jonnybig] 11/2/2024 14:28

Hunt should not be chancellor, he's not even a finance person. And hasn't he had some failed businesses? Sums up this awful tory government, the sooner they get booted out the better.

[zac0_4] 11/2/2024 14:19

mt1231 - LGEN average annualised returns over the last 10 years have been 5.84%. A simple global equity index fund has delivered 12.47% over the same 10 year
period.

That make a massive difference bewtween a 10 year return of 76% against 223%!

[tornado12] 11/2/2024 13:41

If Hunt can reinstate the divi tax relief the pension funds enjoyed before Brown era and change the rules to encourage them to increase U.K. stock investments , then U.K. PLC can grow again as a wealth base. Changing ISA rules although I welcome, will not cut it as the small investor has no chance in the vast stocks pool. Cmon Hunt and rotten conservatives do something to encourage investing in Britain next month , that can be a game changer !

[riverman77] 11/2/2024 12:50

I personally would only hold something like LGEN for a combination of yield and a modest rerating - I'd want 15% annualised return over next 3 years or so. At current price LGEN could easily rerate by around 20% so should be able to deliver those sort of returns. If you just want a simple 10% yield wirh no capital gain there are plenty of fixed income securities that now provide this at a lot lower risk than LGEN so not sure what the attraction is from a purely yield perspective.

[marktime1231] 11/2/2024 12:38

Zac you may be overstating the downside. Taking a single point of reference in time perhaps.

If you had invested in LGEN over the years the average price of your holding should be somewhat under 250p. I would hope very few of us only bought LGEN when it was flying high (up to 318p in Feb 2020). Most long term investors have topped up when LGEN was in a trough, the spectacular sub-180s in 2016 and 2020 or three more recent opportunities sub-220. I am sure there are folks here who have had considerable success adding and trimming at the right time, their average holding price will be much better.

The apparent capital decline does however look worse if you factor in inflation. And yet while interest rates were so low for so long a return of 4.25% doesn't look that bad, for much of the last decade you wouldn't been able to buy a better annuity for example.

It has been discussed several times over the years, the secret to being satisfied with a successful investment in LGEN is to use the cycles in share price to add low and trim high. I have done so to a modest extent but have gained just as much from doing that as from the dividends, while at all times retaining a core holding.

[zac0_4] 11/2/2024 12:04

" . . . As long as the dividend is maintained the return is still more than enough for me . . . "

Had you bought into this 5 years ago you'd be sitting on a capital loss of 30p per share. In return you'd have enjoyed 90p in dividends. So, a total nett return of 60p, or 23%. That equates to an average annualised return of around 4.25% pa over the 5 year period.

I'm not satisfied with that!

[jubberjim] 11/2/2024 08:26

Hey!

What ever happened to the long lie in of a weekend

Until the results come out there is no point in getting agitated and while worrying this relentless fall in this and others share prices will provide an opportunity to stock up at bargain prices.

As long as the dividend is maintained the return is still more than enough for me.

There looks to be more pain before any meaningful gain.

Take a profit and keep cash available.(Lesson learned from Aviva) the hard way !

good luck

[netcurtains] 11/2/2024 07:40

A "technical recession" is a recession.... Putting "technical" in front of it doesn't fool any voters. 😃...

With large numbers of migrants (I think last year was a record) and no growth means relative pay cuts all round... Eg if economy shrinks but the working age population has increased that means peoples take home pay is falling fast.

Anyway, interest rates falling GOOD. Recession BAD.

For LGEN share price, one piece of news might counter the other piece.

[pj84] 10/2/2024 23:58

Hopefully the BoE will start to cut rates soon.

"UK economy probably fell into recession last year, say economists
Mehreen Khan, Economics Editor

Friday February 09 2024, 9.00am GMT, The Times

Figures out on Thursday are expected to confirm that the economy has shrunk for two successive quarters, the definition of a technical recession

The UK is likely to have slipped into a technical recession at the end of 2023, with weak growth putting pressure on the Bank of England to cut interest rates to support the economy.

Economists expect gross domestic product to have fallen by 0.1 per cent in the three months to December, after a similar contraction in the previous quarter. Two consecutive quarters of negative growth mark the start of a recession but will only be confirmed when figures from the Office for National Statistics are released on Thursday.

If growth figures are negative for the fourth quarter and there are no upward revisions to the previous quarter, it would be the first time that the UK has fallen into recessionary territory since the onset of the pandemic in mid 2020. Despite being within the range of statistical error, a mild recession may raise pressure on the Bank of England to consider cutting interest rates and one ratesetter has already warned of the consequences of keeping monetary policy tight for too long."

[riverman77] 10/2/2024 19:14

The ideas of the British ISA is to encourage people to start investing in UK companies again - simply raising the 20k cap on existing ISAs won't do that as most investors will continue to shun UK shares and go global. There needs to be some sort of incentive.

[eurofox] 10/2/2024 16:26

..or keep the existing ISA framework and enable people to have an additional ISA for UK instruments

[spud] 10/2/2024 16:23

Just raise the £20k isa cap riverman - It's been stuck at this level for years and well overdue an increase. spud