Legal & General Share Discussion Threads

[tornado12] 04/3/2024 18:30

Need the new CEO to keep the ship moving in the current direction. LGEN must focus on their strengths with plenty to go at in PRT and the like. Don’t want to see new ideas that are not core to the current business model. Nothing wrong with boring and giving predictable revenue growths and divi by 5% YoY. Expecting 2023 at 20,34 and 2024 +5% to that. Not long now GLA

[geckotheglorious] 04/3/2024 16:55

MCunliffe.

Agreed. Drax isnt green at all. Be better to burn natural gas sourced in UK imo - localised, local employment & tax revenue whereever situated, no massive pollutive transport costs.

And we should be planting trees if anything. Don't see a campaign by the global warming alarmists to do such.

[mcunliffe1] 04/3/2024 15:12

DRAX has to be a classic example of ESG stupidity.
I mention it here ONLY in respect of the ESG aspect. I hold no DRAX and don't want any.

On the ESG scale of 0 to 100 where 0 is deemed to be good DRAX has a score of 23.5. This is whilst sourcing wood from forests that are not ideal (Canada and USA) and take years and years to replace. Then, that wood is pelletised - shipped several thousand miles and burned in the power station near Goole.

Oh, and whilst taking government subsidies for being a 'green' energy producer.

You really couldn't make it up.

I hope L&G have a corporate spine and continue to invest both in areas that maximise profit and that provide tangible benefits to the country. Investment in armaments counts very much as beneficial in my book. The holding of such equipment is no more damaging to the environment than financing the production of cars or civil aircraft and shipping. It's ONLY when those armaments are used that tthe environment suffers.

[jubberjim] 04/3/2024 14:12

Cyberian higher but just a tad

20.63 in total

[dope007] 04/3/2024 12:26

Unfortunately you need to have defence as the human race is still fairly backward and power crazed nuts still want to kill each other. Well send others to kill each other so they can have even more power

[123trev] 04/3/2024 12:19

Well the thing is popper some people put ethics and morality before profit and the fall out can be damaging for some people drawing a pension or investing in a company that involves itself in weapons of death and destruction may become a little troubling.

[anhar] 04/3/2024 11:35

Not difficult to guess because they stated in the interim accounts:

The Board’s intention is to continue to grow the dividend at 5% per annum to FY24

So all we're talking about is small rounding differences. Divis are never guaranteed so they are not obliged to stick to this intention.

[123trev] 04/3/2024 11:25

The dividend is probably safe for this year but I imagine there will be some comments made about using future profits in a much more dynamic and cash generating way to enhance the future prospects of the company. I say this because your new advisors are a boutique investment bank that for some reason wants to be secretive while letting the world no and hey one of the partners is ex chancellor Mr Osborne don’t like where this is heading on top of the news we are now major gun runners lol.

[123trev] 04/3/2024 09:44

I hope there isn’t a nasty surprise waiting all the talk on restructuring and exploring future avenues of growth makes you wonder. It isn’t as though they have needed to do that with it being so cash generating as it is! It also wouldn’t come as a shock if something was a miss enabling the rebalancing of the dividend.

[tuftymatt] 04/3/2024 09:03

I'll go with 20.5p

Good luck all 👍🏻

[joey52] 04/3/2024 08:59

I'll play 20.3385p

[killing_time] 04/3/2024 08:52

20.33p F/Y from me.

[cyberian] 04/3/2024 08:49

20.62p f/y divi is my guess.

[skinny] 04/3/2024 08:46

Is there a budget this week?

You'd never know!!!

[cwa1] 04/3/2024 08:43

Results due in 2 days now. Wednesday likely to be a very busy day due to it being Budget day as well.

Just ahead of the LGEN results, does anyone want to play a game of "guess the full year dividend"? Feel free to guess any other important metric if you want too!

I'll have my stab first and go for 20.1p as the full year dividend

[supermarky] 04/3/2024 08:19

Results are coming on Wednesday. Same day as budget.

[123trev] 03/3/2024 10:56

Lots of scheme members now significantly having to change plans or lose a chunk of cash.

[cwa1] 03/3/2024 10:44

I've had a few hours off(it being the weekend)and I'm not quite sure why we've got round to discussing bands and which ones we like-but it's a touch off topic even for a weekend! So cease and desist from now please and thank you!