Legal & General Share Discussion Threads

[longwell] 28/2/2024 12:54

Legal in better shape than Direct Line. Shows how undervalued at present.

[123trev] 28/2/2024 11:21

The big worry is what’s the carnage going to be like when the U.S finally throws that towel in the ring and they are definitely living on borrowed time and then some.

[123trev] 28/2/2024 11:16

Todays big hits Reckits,st,James and Halfords well as of now and not in order of falls obviously.

[123trev] 28/2/2024 10:42

Currently earning 4% on cash in sipp and isa small trades helping to bring that return up but giving a level of safety. The UK market is dire poor management poor economic outlook makes most stocks off limits given the punishment presently dished out for failure even with the 30-60% drops wouldn’t touch most of them even now and wow there has been a lot! Waiting patiently to see what happens here given the interims maybe they dodge the bullet maybe they don’t but I wouldn’t be a buyer or holder presently to me that would be nuts looking at the carnage out there and getting that 4% risk free.

[bargainsniper] 24/2/2024 12:30

Record breaking global PRT market activity seen in 2023, totalling over £85 billion in UK and USHttps://group.legalandgeneral.com/en/newsroom/press-releases/record-breaking-global-prt-market-activity-seen-in-2023-totalling-over-85-billion-in-uk-and-us

[netcurtains] 24/2/2024 10:05

Nice finish.....
Can L&G get involved in AI in some "big" brash way..
Thank you..

[pj84] 23/2/2024 22:35

The BoE were to slow to act when inflation rose and it looks like AB and the BoE will repeat the mistake on the way down.



From the article in the standard "This week, the Bank’s Governor Andrew Bailey said that inflation would not necessarily have to be 2% before the Bank starts cutting interest rates."

With an 18 mth to 24 mth lag for cuts to take full effect we should already be planning to start cuts in the coming months not waiting for inflation to get to or close to 2%.

[geckotheglorious] 23/2/2024 18:26

BargainSniper
Post 4772
It is a genuine article in Today's Telegraph newspaper

See the last line of my comment!!!

Which links to a Telegraph article!!!

[jubberjim] 23/2/2024 17:25

The point I was trying to get across was that RBC was giving a very miniscule raise while reducing their stake

Mixed messages

Two faced my take but everyone can make up their own mind

Have a good weekend

I am looking to buy with continued uncertainty prevailing

[yf23_1] 23/2/2024 17:15

2061 241.2 2805278 O 238.7 238.9 14:35:03 6,752,810 1,035,271
2060 241.2 2805278 O 238.7 238.9 14:35:03 3,947,532 1,035,271
2059 238.8 647 AT 238.7 238.8 14:35:02 1,142,254 1,035,271

5.6m buys above the quotes

followed by a closing UT of 3.5m at 242 above quotes 240.8/240.9

[exmooroil] 23/2/2024 15:49

At 2.997% RBC doesn't have to notify further whole number reductions, so maybe method there.....

[cwa1] 23/2/2024 15:32

Link to said reduction that jubberjim refers to in case anyone hasn't seen it. They've gone from a whisker over 3% to a whisker under 3%

[jubberjim] 23/2/2024 15:11

CWA

Interesting that RBC have reduced their holding a teeny weeny amount in the greater scheme of things.

GURU

Responding to the 'Wacky' comment as to gaps awaited cannabis has now been sort of legalised in Germany

Have fun everyone

[skinny] 23/2/2024 13:12

Bargainsniper -

[skinny] 23/2/2024 12:52

I wonder who will get Andrew Bailey next.

FCA --> BOE --> ?

[marktime1231] 23/2/2024 12:47

There are extreme views at both ends of the spectrum. The observation resonating with me to explain BoE MPC behaviour is that they do not have models or indicators they can trust to see ahead with confidence. So they will have to wait until inflation is demonstrably back on target, several datapoints on core inflation, CPI, PPI, wage growth, before acting to cut interest rates.

So, while we might expect that inflation is no longer such a problem by April and May, the BoE response will lag. If that steers the economy towards a harder recession it would lead to a rapid series of cuts this Autumn. But Fatboy Bailey has prepared the ground to wait and see and be more certain before starting cuts. He says that the risk to the economy is tolerable because somehow he has seen that the UK is already on the upslope from last year's soft-landing recession.

And yet the pressure from all sides to cut interest rates as soon as inflation prints towards 2% will be tremendous. Bailey or at least his attitude will not survive if interest rate cuts are held back unreasonably.

[bargainsniper] 23/2/2024 12:40

It is a genuine article in Today's Telegraph newspaper

[geckotheglorious] 23/2/2024 09:17

CWA1

Some dodgy site called Press Reader
hxxps://www.pressreader.com › uk › the-daily-telegraph › 20240223 › 282372634545778

"Bank risks dragging Britain into a depression - PressReader"
TodaySven Jari Stehn, at Goldman Sachs, thinks that "underlying inflation" is much weaker than the Bank of England supposes, predicting that headline inflation will drop to 1.7pc in the spring and then stay low, ending the year at 1.6pc and remaining below target deep into 2025"

Looks like the "Directorstalk" style portal or whatever that spam company was called that links to a load of stories in media(via their link) thus garnering some form of payment for clicking on their link!

Which links to a Telegraph article!!!

[cwa1] 23/2/2024 07:38

Thanks for that, any chance you could link in to the comment? Cheers

[bargainsniper] 23/2/2024 07:03

Sven Jari Stehn, at Goldman Sachs, thinks that "underlying inflation" is much weaker than the Bank of England supposes, predicting that headline inflation will drop to 1.7pc in the spring and then stay low, ending the year at 1.6pc and remaining below target deep into 2025.

[tornado12] 22/2/2024 09:11

CAC & DAX up 50% in 5 years, whilst FTSE at mere 10%. I hope nobody is investing for share price growth in UK PLC in last 5 year. Maybe the budget in 2 weeks can spring a rabbit out of the hat ?
Cmon LGEN deliver the FY results and the 5% juicy divi growth

[cwa1] 22/2/2024 08:24

A bold hoisting of the TP by a WHOLE 5p from RBC :-)

* Legal & General Group Plc LGEN.L : RBC raises target price to 295p from 290p

[jubberjim] 21/2/2024 18:36

Yes

But enough pain out there

I choose not to elabtorate

My Aviva target was met so bit disappointed that lgen failed to keep up but in the current market opportunities will recur

Keep the faith ignore the tik tokkers