Legal & General Share Discussion Threads

[tornado12] 02/3/2024 10:34:21

4 days to the important FY results. I am more than overloaded on these but if results are as I expect have time to add in the new ISA. GLA

[rongetsrich] 01/3/2024 19:28:33

Jubber, never too old!!

[alphorn] 01/3/2024 09:34:14

To be clear LGen has assumed the pension risk from those other companies.

[jubberjim] 01/3/2024 06:13:34

Results due in next few days and in the coming days

Am undecided as whether to pre buy ahead of results

I realise/think gaps lower down might need to be filled but...

What a quandry

Top heavy here Lgen Aviva but increasingly drawn to Phnx for that yield

Will think about it over the weekend .


Spring is in the offing might take some gardening leave weather permitting.

Good luck everybody

[masurenguy] 01/3/2024 00:27:37

L&G expected to announce pension de-risking bonanza
29 Feb 2024

Insurance and asset-management large cap Legal & General Group is preparing to publish its full-year results on 6 March, with pension risk transfers (PRTs) top of the attention pile. Earlier this month, L&G’s PRT Monitor revealed a record-breaking 2023 for the UK PRT market and the second-largest year on record. Some £50bn in PRTs was transacted in the UK, with L&G leading on some of the landmark deals, including the British Steel Pension Scheme and Boots Pension Scheme transfers. As for the all-important dividends, L&G has guided 5% per-year dividend growth until full year 2024.

The group said during the mid-year interim call: “We remain highly confident in our strategy and in our ability to deliver resilient, organic growth, supported by our strong competitive positioning in attractive and growing markets. Our confidence in our dividend paying capacity is underpinned by the Group's strong earnings and strong balance sheet, which has Solvency II surplus regulatory capital of £9.2bn over a capital requirement of £7.0bn."

L&G shares are currently down 2.3% year to date, and 5.6% year on year.

[jubberjim] 29/2/2024 17:11:07

As long as it the dividend repeats and continues I will do without the growth???? Although it would be nice

I like certainty? Not promises or pipe dreams.

Income is my aim.

But then I am an old git

[marksp2011] 29/2/2024 16:37:51

L&G shares are currently down 2.3% year to date, and 5.6% year on year

JGGI I year +17.88% YTD +8.15%
Dividend 4.61p/qtr so half the yield but 20% capital growth

GGRP - a global quality theme ETF I year +12.37% YTD +3.1% on about a 2% yield

Hence exiting my divi stocks, big divi and no growth doesn't really do it for me

Aviva is even worse

[cwa1] 29/2/2024 16:23:26

Insurance and asset-management large cap Legal & General Group PLC (LSE:LGEN) is preparing to publish its full-year results on 6 March, with pension risk transfers (PRTs) top of the attention pile.

Earlier this month, L&G’s PRT Monitor revealed a record-breaking 2023 for the UK PRT market and the second-largest year on record.

£50 billion in PRTs was transacted in the UK, with L&G leading on some of the landmark deals, including the British Steel Pension Scheme and Boots Pension Scheme transfers.

As for the all-important dividends, L&G has guided 5% per-year dividend growth until full-year 2024.

The group said during the mid-year interim call: “We remain highly confident in our strategy and in our ability to deliver resilient, organic growth, supported by our strong competitive positioning in attractive and growing markets.

“Our confidence in our dividend paying capacity is underpinned by the Group's strong earnings and strong balance sheet, which has Solvency II surplus regulatory capital of £9.2bn over a capital requirement of £7.0bn.

L&G shares are currently down 2.3% year to date, and 5.6% year on year.

[dope007] 29/2/2024 10:36:59

Me and you both trev

[123trev] 29/2/2024 09:50:44

As always I wish you much luck with that and hope you get them.

[dope007] 29/2/2024 07:57:35

I'd like top dollar also. But sold 40% of my holding at an average of 201p. Left the rest for now but have been raising and adding cash to my ISA waiting for further opportunities in the mkt

[123trev] 28/2/2024 22:19:12

lol, dope come on you new what I meant and was it rejected yes not only that on the table for a month. The original post pointed to bad management and many stocks getting trashed DLG was no exception to that. The board at DLG will want top dollar despite their failings any further bid will reflect the time to turn the ship around and the synergies that can be achieved and despite you thinking that a deal being signed and sealed is a silly question when it comes to it it’s only then it’s real anything before is speculative.

[dope007] 28/2/2024 14:53:35

It's a bid Trev. So you must be amazed because you said you would be if there was one. SO yes its official, and yes Ageas have undersigned their offer. Will it be successful is another story.

Asking if it has been signed and sealed is a silly question

[longwell] 28/2/2024 14:42:16

In public domain as an offer based on cash and shares.Market may expect other bidders to appear ?

[123trev] 28/2/2024 13:23:08

Has it been signed and sealed?

[dope007] 28/2/2024 13:10:18

Erm the DLG bid has happened. Ageas have made it public

[123trev] 28/2/2024 13:02:20

lol completely different business don’t you think! To be quite honest if that dlg bid happens I will be amazed. The facts are clear looking at the wider market.

[longwell] 28/2/2024 12:54:24

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

[123trev] 28/2/2024 11:21:13

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 11:16:12

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

[123trev] 28/2/2024 10:42:58

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 12:30:10

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 10:05:48

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

[pj84] 23/2/2024 22:35:36

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 18:26:11

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!!!