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LGEN Legal & General Group Plc

244.60
-0.40 (-0.16%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Legal & General Group Plc LSE:LGEN London Ordinary Share GB0005603997 ORD 2 1/2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.40 -0.16% 244.60 244.10 244.30 245.00 241.80 243.50 25,673,283 16:35:06
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ins Agents,brokers & Service 36.48B 457M 0.0764 31.95 14.6B
Legal & General Group Plc is listed in the Ins Agents,brokers & Service sector of the London Stock Exchange with ticker LGEN. The last closing price for Legal & General was 245p. Over the last year, Legal & General shares have traded in a share price range of 203.20p to 258.70p.

Legal & General currently has 5,979,665,207 shares in issue. The market capitalisation of Legal & General is £14.60 billion. Legal & General has a price to earnings ratio (PE ratio) of 31.95.

Legal & General Share Discussion Threads

Showing 20526 to 20550 of 21200 messages
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DateSubjectAuthorDiscuss
15/2/2024
07:30
Looks like another good start to the ftse futures today after the positive news yesterday. Will this recover back to 245-250p mark before results ? I like to add in my new ISA but was hoping sub230p for that. The share price trend seems totally dependent on the monthly inflation and interest rate direction and timing of the reduction GLA
tornado12
14/2/2024
12:26
Zac - that's a stupendous and consistent return - I hold plenty of funds, but can't come even close to that.

The thing with my LGEN investment is that timing obviously played a big part.

For comparison, I bought AV. in May 2010 @294p and sold half (due to the appreciation) a year later in May 2011 @445p.

I continue to hold the remainder and added a few last August for rounding purposes @377.

So whilst they've provided a steady dividend, had I held the lot for 14 years, the capital appreciation has been poor by comparison to LGEN.

skinny
14/2/2024
11:51
Skinny - well done. And well done continuing to hold over the years.

I'd like to apply some context to the figures regarding you getting back the value of your original investment every 4.5 years. This isn't intended to undermine your achievement, simply provide food for thought.

Before I go any further, I hold LGEN and intend to continue to hold within my ISA for many years.

However, my largest holding by far is in Fundsmith Equity Fund. The fund was launched in November 2010, so not a million miles from your 99p purchase date. As an example had you invested £10,000 on day 1 and, as you have done, simply held until now your investment would be worth £66,200. For every 15% increase in the fund price today your holding would be growing by the value of your initial investment.

Here's the key bit . . . it's average annual return, since inception, has been 15.4%. So, if that continues, and there's no guarantee, each year you continue to hold you're getting the value of your initial investment back in capital appreciation over that 12 month period. Good Luck.

zac0_4
14/2/2024
11:22
I brought my first investment in JULY 2018 and invested every year since then.....Wished I brought them many years before, of course.........My compounded returns have arrived to 5 figures now and this accelerated my DIVI vs CAPEX break even date. You need to be patient with such approach and need a robust divi payer plus a little luck. My lowest purchase was 146p...
tornado12
14/2/2024
11:12
Well done!
keyno
14/2/2024
10:58
99p in 2011.
skinny
14/2/2024
10:57
" . . . I recover my original capital outlay here in @4.5 years . . . "

Just out of dividends? What price did you buy at and when?

zac0_4
14/2/2024
10:40
Because I bought in at a fortuitous price and the increase in dividend size, I recover my original capital outlay here in @4.5 years.
skinny
14/2/2024
09:45
If you bought in at 13% yield(or whatever it was) then it might not be too long.
chiefbrody
14/2/2024
09:08
". . . at some point in next 5 years I will have recovered my capital invested . . ."

You must have bought some time ago as it takes a little longer than 5 years to recover your capital.

zac0_4
14/2/2024
07:54
I agree Jonny, the game change is when inflation genie is back in the bottle and interest rates start to fall. I dont expect a negative impact on dividend policy even under these current conditions GLA
tornado12
14/2/2024
07:47
Inflation will come crashing down in April when the energy price cap falls approximately 15% and commodities have high comparatives.

Then the likes of lgen and phnx should really start motoring. Those who have the balls to ignore the fear and doom will be laughing.

jonnybig
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

tornado12
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.

yump
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!

zac0_4
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.

vickiitwo2
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.

zac0_4
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.
vickiitwo2
13/2/2024
19:20
Looking for next gap down to 212/213 and will add again


It's a funny old game

jubberjim
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
tornado12
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

jubberjim
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
cwa1
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...

netcurtains
13/2/2024
16:30
Https://www.telegraph.co.uk/money/pensions/labour-plots-protect-top-public-sector-workers-pension-raid/
bargainsniper
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.
gurunostradamus
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