Legal & General Share Discussion Threads

[longwell] 06/3/2024 07:52

8 percent dividend , will underpin share price

[netcurtains] 06/3/2024 07:51

Someone once told me the way you can tell if a company is doing well is looking at its cash pile...

[zimbtrader] 06/3/2024 07:44

Tepid results. Negligible improvement in operating profit, 42% drop in profit after tax. Not an overly optimistic read!Final dividend upped to 14.63, ex date 25 April, paid 6 June.

[fenners66] 06/3/2024 07:44

They give Only a one year forecast on raising the dividend only 5%
Question is why?

If he'd said 5% every year fair enough - but by saying it for only 1 year it draws attention to it
as if there might be a problem to repeat it...

[tornado12] 06/3/2024 07:44

I agree, with interest rates sure to reduce during this year this will help the AUM profitability and hopefully start to see inflows again. I say keep the faith and keep investing. Got to be one of the safest dividends in FTSE which is yielding >8% GLA

[123trev] 06/3/2024 07:37

The thing is in the short term it’s not worth the risk buying at this level and I would fully expect the share price to get back to £2 after dividend is paid so basically another one to watch for the lows I think.

[netcurtains] 06/3/2024 07:35

everyone loves a rising dividend.
everyone hates a falling profit..
Does dividend trump profit?
No idea..
But gut feeling is NEXT years profits will
be higher.

Does it give a forward statement?

[unastubbs] 06/3/2024 07:31

I say flat to moderately up. If it does fall significantly (over 5%) I'll buy more

[bountyhunter] 06/3/2024 07:30

Dividend per share of 20.34p, up 5% (2022: 19.37p)

[tornado12] 06/3/2024 07:30

In my opinion, steady as she goes and the focus on the divi growth is fundamental to the majority of the long termers on this board. As expect, the impact of interest rates on LGIM profit was evident, but due to their diversified portfolio they compensate in other areas of the business. The growth in PRT is most welcome and the comment for further divi growth in 2024 giving us a later return of 21,36p together with other potential options is confident news. LGEN strategy is one of organic and dividend growth and the main reason I am invested. Will add further before Ex-divi date as long as share price remains steady. GLA

[unastubbs] 06/3/2024 07:30

But I agree Mark, no trees upturned today...

[scepticalinvestor] 06/3/2024 07:30

Dibs on 10% markdown on open

[kaffee] 06/3/2024 07:29

Antonio is going to suffer the Alex Ferguson curse by the looks of it....

[unastubbs] 06/3/2024 07:29

I guess we're all playing a long game, knowing that in the end stocks always win.

How long that long game is ...TBA

[unastubbs] 06/3/2024 07:27

Great stuff guys👍ㇿ5;

[marksp2011] 06/3/2024 07:26

Distinctly underwhelming.Return is on a par with a high yield bond fund and you get to carry single stock equity risk.Why bother?

[unastubbs] 06/3/2024 07:25

I love pre-judging the market. It's my favourite past time after golf and strangling animals.👌
27995;

[melmoo] 06/3/2024 07:24

Never pre judge the markey. And it's not what happens at 8am it's what happens to the SO over the next days/weeks.

[unastubbs] 06/3/2024 07:23

I'm going to guess that the possibility of buying back stock may just be enough to please the market in to not killing these at open.

[utyinv] 06/3/2024 07:23

14.63p final

[unastubbs] 06/3/2024 07:21

Opens the door to buybacks. But no details on this with more to be revealed on capital markets day in June. From my pov it's fair enough, I like a boring insurer to move slowly.

My pov is not going to affect the sp!!

[unastubbs] 06/3/2024 07:18

Operating profit is a miss - consensus £1753m v £1667m

[123trev] 06/3/2024 07:18

Certainly not the best results but pretty much as expected in fact slightly better than I thought but let’s see how the market reacts.

[skinny] 06/3/2024 07:09

In a rare show of defiance, the FTSE futures are actually +12 after the 400+ point fall in the US.

[jubberjim] 06/3/2024 07:08

Thanks Skinny

Have to say this new bloke has started with a whimper in my opinion

Was expecting more of an entrance

Mustn't grumble but tad disappointed