Legal & General Share Discussion Threads

[tornado12] 14/2/2024 07:34

CPI for January is same as December, so at least not an increase. Seems opening prices see this favorable.
Just a comment on the strategy for growth or dividend. I am firmly in dividend camp here and for anyone invested in LGEN seems the most logical reason. I plan to hold for many many years, so at some point in next 5 years I will have recovered my capital invested, only based on the divi income & compounding. I believe is a matter of personal preference and risk.. GLA

[yump] 13/2/2024 23:06

You’re not comparing like with like, because the “yield” on the tracker depends on whether the market is bull, bear or flat overall.

If you’d bought an Indian tracker a year ago, you’d probably be beating even the current div yields in UK on the discounted income stocks.

2002-2010 would not look good at all compared to say 4% a year from a group of income stocks.

[zac0_4] 13/2/2024 22:21

vickiitwo2 - Around 40% of my portfolio is in managed global equity funds, 17% in global equity tracker funds and 10% in technology focussed funds & shares.

I'm amazed just how many people only invest in the UK when it accounts for around 4% of global gdp. And, also, how many people just focus on dividends as an only means of providing an income.

Whilst LGEN dividend yield looks attractive it has produced a 10 year annualised average return of 5.8% pa. Their global equity tracker fund, L&G International Index, has returned 12.7% pa over the same period!

[vickiitwo2] 13/2/2024 22:00

Me too zac, thankfully i moved out divi paying assets in the first years after brexit,
international growth stocks account for a larger portfolio proportion for me. A growing number of pension funds now do this. The UK is a basket case for investment. Id rather put spare cash into a cash isa, not that even that is safe in this country.

[zac0_4] 13/2/2024 21:35

" . . . Divi hunters beware, its a mugs game . . ."

I tend to agree. A couple of years ago dividend paying assets accounted for about 30% of my portfolio value. Following a period of selling and redistributing capital it's now down to just below 20%. I hold LGEN in my fund & share account, my ISA and my SIPP. I plan to sell both my fund & share account and SIPP holdings later this year which will reduce my exposure to around 17.5% by value.

Long (ish) term my aim is to get the value down to 15% or below.

I enjoy better returns from non-dividend paying holdings over the long term.

[vickiitwo2] 13/2/2024 20:29

There we are, Dow blinks and L&G plummets, losing all the benefit of any divi. Divi hunters beware, its a mugs game. Fundamentals count for nothing (if there were any in the first place). The US and random tweets on 'X' drive share prices on the basket case ftse.

[jubberjim] 13/2/2024 19:20

Looking for next gap down to 212/213 and will add again


It's a funny old game

[tornado12] 13/2/2024 18:02

I am expecting the UK CPI to be higher than fcst tomorrow. Have to be patient until results and top up in new ISA

[jubberjim] 13/2/2024 17:43

I calculated if increased in line with the interim by 5% the yield all things being equal to be around 8.82

Not too shabby so ducked back in for another go at 230

Of course it could all go dreadfully wrong but you pays your money you makes your choice

Everything is in the mix (cliches included)

Good luck

[cwa1] 13/2/2024 17:09

Usual convention is 30% at the interim, the remainder as final. So final dividend possibly in the region of 14.6p?? Giving a total of 20.3p for the year All other things being equal, disasters, excepted, rubbing lucky white heather, etc, etc. So IF that's anywhere near to being correct, the final dividend alone will be in excess of 6% of the current share price of 230p

[netcurtains] 13/2/2024 16:30

Google has the current Div yield at
8.53%.......

What percentage of that do we get in the next dividend? I suspect its a lot...

[bargainsniper] 13/2/2024 16:30

Https://www.telegraph.co.uk/money/pensions/labour-plots-protect-top-public-sector-workers-pension-raid/

[gurunostradamus] 13/2/2024 16:07

Most of the FTSE 100 shares are being manipulated by the big boys so I am not surprised to see this correction. I bought this for dividends at around 227p about a year ago or so ( can’t remember when exactly), however I sold all about a week ago which gave me more than the annual dividend. Reason for selling was 253p looked a bit toppy given the crazy manipulation from the big boys. So I am waiting for the correction to finish and any price below 220p I may consider buying in again for growth and/or dividend.

[cwa1] 13/2/2024 15:51

OK, before it kicks off. Let's steer well away from politics unless it absolutely CLEARLY relates DIRECTLY to LGEN. Thanks

[bargainsniper] 13/2/2024 15:41

Labour are planning a tax raid on private pensions whilst ring fencing their own generous public pensions

[cestnous] 13/2/2024 12:03

Maybe tax exemption on a stocks ISA should only be for British shares.

[jubberjim] 13/2/2024 06:44

Skinny

Just seen the post from the 9th February

In these dark and dreary times made me smile

So thanks for that.

Seen the venetian blind emoji ? on 4 xtra Sneakie Petes ? any correlation .

Martes El Decimotercero

PRECAUCION !

[tornado12] 12/2/2024 13:52

The CPI updates this week should give us the guidance to the share price direction in the near term. Then only FY results on 6/3 can give us the real figures & divi outlook... Expecting at least the same or increase +5%.. GLA

[adejuk] 12/2/2024 12:23

in our dreams

[skinny] 12/2/2024 09:51

FWIW (and 300p would be acceptable!)

Deutsche Bank cuts Legal & General price target to 300 (305) pence - 'buy'

[netcurtains] 12/2/2024 08:35

Hopefully its a metaphor for the LGEN graph shape going forward...

[cwa1] 12/2/2024 08:12

OK, enough about the superbowl already! Thanks