Legal & General Share Discussion Threads

[orchestralis] 06/3/2024 09:54

When is the xd? Couldnt see it in the results, just the payment date 06 Jun.

[unastubbs] 06/3/2024 09:53

livestream of the analyist presentation - 10.00 GMT

[yf23_1] 06/3/2024 09:50

I imagine the mortality rate will go up after the Hunt budget.

[cbr60000] 06/3/2024 09:45

Spot on Andy, especially on the mortality trend returning back to the pre-covid trajectory. Provisions for liabilities need to be put back in, the ONS CHARTED mortality dip allowed Lgen to switch some liability provisions to the other side of the balance sheet ( profit ) back in 2022 which supported the near 30 percent declared increase in profit that year.

[spud] 06/3/2024 09:33

MC - I see Butler has a pinned post on ABDN, sanctimoniously endorsing the BB whilst simultaneously patting himself on the back in a self congratulatory fashion at how well it has gone.Oh, the irony....spud

[mcunliffe1] 06/3/2024 09:29

I've confirmed my bias to be against annuities.

That's why I've bunged £25k into L&G since my first purchase on £5k on 6 April 2023. Since then I've had £925 in divs - all reinvested. I'm currently valued at £27,107 showing a true profit (after reinvestment cost acknowledged) of £1,188. Yesterday that 'profit' was considerably higher.

I'm guessing (it's all we can do) that before too long the share price will have returned to the level it was at earlier this week.

I only regret not having the guts to buy another £5k this morning and selling same later. But I like ABDN for that volatility....you'll all remember ABDN. As Skinny pointed out they fared brilliantly with THEIR Buy Back :-)

[alex1621] 06/3/2024 09:25

Skinny - my point exactly. In a falling interest rate environment that situation should improve considerably.

[spud] 06/3/2024 09:23

My take fwiw - UK stocks are so beaten down and Institutions have so little skin left in the game that even when a bad set of numbers are released, the downside is limited. Conversely, good numbers are readily sold into as those selfsame institutions divest (not unlike a BB).

spud

[marksp2011] 06/3/2024 09:17

This thread is a fantastic example of confirmation bias.

The numbers are clear

I have 7250 left and will be exiting when I get to my exit point. I was nearly there but this morning we went the wrong way as i wanted 255 :(

[spud] 06/3/2024 09:15

Skinny - Re ABDN - Nail/head.

spud

[skinny] 06/3/2024 09:15

alex61 from today's update :-

LGIM delivered operating profit of £274m (2022: £340m), primarily reflecting the impact of higher interest rates on the value of assets under management: average assets under management were 12% lower year-on-year.

[netcurtains] 06/3/2024 09:14

alex1621: re falling interest rates?
One would think more people will buy LGEN because the BIG DIV compared to the LOW INTERST RATE will be even more in LGENs favour than it is now...

[alex1621] 06/3/2024 09:13

What will be the impact of falling interest rates in the second half of the year?

[skinny] 06/3/2024 09:10

A bit like ABDN......

[jonnybig] 06/3/2024 09:09

Yes, thebutler, this stock is a screaming share buyback!

[chiefbrody] 06/3/2024 09:02

Skinny 2.20 something. 2.29 I might add :-)

[mcunliffe1] 06/3/2024 08:57

the butler: Then grow a pair and buy the stock rather than advocating the 'safe' and 'boring' (and bloody useless IMO) share buyback.

There's been talk on this thread over the past 12 hours about the sustainability of a 5% divi. increase. If there's sufficient money available for a BB then that money can be easily used to fund the 5% growth for more than one year beyond next.

There's been talk about the share price drop offering a greater yield. That's true ONLY on the share you buy at the lower share price If, like me, your average buy price is 227.182 then the yield is 8.953% with the divi. at 20.34p MY yield will NEVER change other than by a change in the dividend rate and for THAT reason I want a rising 5% increase year on year and stuff the BB's at the current - NOT VERY LOW - share price level.

[netcurtains] 06/3/2024 08:53

chiefbrody: 1% rise in BT , ITV, NWG etc is a general sign that BIG DIVIDEND stocks are rising today and yes that is sort for FLYING for a FTSE100 stock...
Its not AIM..
Big dividends AND a rising price is a win win situation...
So that possibly is why LGEN is bouncing back...
Big DIV is in vogue..
"A rising tide raises all boats".

[skinny] 06/3/2024 08:50

chiefbrody - 2.20 today - good luck with that!

It looks like all eyes are now on June 12th.

[colonelgrim] 06/3/2024 08:48

…don’t panic lads, nice little gap-down to close!

[thebutler] 06/3/2024 08:43

Totally agree, Andyble. The disclosure requirements,which are supposed to give greater transparency, are ironically confusing and even misleading and the bottom line "profit" is no longer the true gauge to performance. Bonkers.

Also agree a share buyback should be started. IMO this is undervalued by a good 30% so it's somewhat short sighted not to take advantage.

[chiefbrody] 06/3/2024 08:38

Is a 1% increase in share price really flying -;)Big ticket dividend players like NatWest are creeping higher seems more like it. I'm gonna wait and see if this hits 2.20 something during today.

[netcurtains] 06/3/2024 08:29

On the plus side the general "big dividend" market is flying this morning (eg Nat West and BT etc)
So assuming a "rising tide raises all boats"...
This might be a reasonable time to buy more...

[netcurtains] 06/3/2024 08:26

I guess as log as fall less than 5.9% we are still "just" making money....
The million dollar question is

will it fall more than 5.9% ?