Legal & General Share Discussion Threads

[castleford tiger] 12/3/2024 12:57

what was the dividend declared in the results please?

save me trawling through them.

tiger

[grupo] 12/3/2024 10:54

Written by:
William Farrington
Edited by:
Philip Whiterow
proactive

Legal & General Group PLC
(
LSE:LGEN
)
L&G named Britain’s Most Admired Company second year running

Published: 10:30 12 Mar 2024 GMT


For the second year in a row, Legal & General Group PLC (LSE:LGEN) has won the coveted title of Britain’s Most Admired Company in this year’s London Stock exchange-sponsored event on Tuesday.

The FTSE 100 insurance blue chip beat out stalwarts such as AstraZeneca, Ashtead Group, Diageo and Next to take home the title.

Some 251 firms spanning 28 sectors were in the running, with feedback from 300 C-suite peers, financial analysts, and industry experts informing the rankings on 13 criteria.

‘Quality of products’ was cited as the top attribute critical to success, along with ‘financial soundness’ and ‘quality of management’.

António Simões, chief executive of L&G, commented: "It is an honour to be recognised as Britain's Most Admired Company for the second consecutive year.

“Since I joined the business in January, I have been impressed by our authentic sense of purpose, talented people and performance track record.

“This award is testament to the vision and commitment of our teams to delivering positive outcomes for society, our customers and our shareholders, and it is great to see them recognised by peers and other close observers of our business.”

Octopus Energy, soared 209 places to lead its sector, alongside marked improvements for SSE, M&G, Centrica, Iberdrola (Scottish Power), Elementis, Fever-Tree Drinks, Tritax Big Box, Compass Group, and J Sainsbury.

Other sector winners included Bentley in automotives, ARUP in business support services, Sky in media and Tesco in retail

“For the first time, we see that the broader perspective of ‘long-term value potential’ comes into this magic circle of critical success factors,” said Sandra Macleod, chief executive of Echo Research, which led the study.

Julia Hoggett, chief executive of London Stock Exchange plc, added: "We are pleased to honour the forward-looking leaders who have successfully built resilient organisational cultures whilst fostering growth in a rapidly changing environment. Congratulations to all the winners announced today.”

Previous winners of the award include Greggs, Arm Holdings PLC (NASDAQ:ARM) and Unilever.

[unastubbs] 12/3/2024 10:50

mcunliffe - do yourself a favour and google (or go to YT) and see what warren buffet has to say about buybacks. essentially, sad but true, sometimes share prices are so bombed out that yes indeed, even for companies that manage funds as their bread and butter, a buyback of their own stock is the best way to use their capital. i am impressed that CEO Simoes has not done anything precipitate and prefers to hold his fire until he has a deep sense of what this company is now and can be in the future. that is why we must trust him and look forward with anticipation to the CMD in June. I personally will be delighted if a bb is part of his proposition at that time. I believe the market will be pleased too. You should be also.

PS - as for abdn. the market hates it. the price, as butler mentioned before i think, would be even lower without their bb.

[mcunliffe1] 12/3/2024 10:41

LGEN is an investment company, a pension company, a life assurance company and sometimes, a housebuilder.

If the managment really believe a BB at the current placing of the share price is a good idea it gives the impression they cannot find a more constructive use of that money. Whilst I have no pension or life assurance with them I do hold £28k of their stock. Why should I continue to hold that if management have no constructive investment plans beyond doing what I've done - but at a higher average price than I achieved?

Perhaps I should be the CEO of such a company.

thebutler: you really take the biscuit. I see you with pompoms in each hand, and, worryingly, wearing a ra-ra skirt with a band behind you with several sousaphones, playing the Benny Hill theme song (thanks for that Spud!) promoting Buy-Backs in front of a crowd waving abrdn banners.

[skinny] 12/3/2024 10:30

Anyway, since post 4965, foretelling of LGEN's drop after NOT announcing a BB :-


free stock charts from uk.advfn.com

[cwa1] 12/3/2024 10:04

As long as it is politely and cogently discussed, I'm OK with buybacks being talked about as it is potentially relevant to LGEN and plenty of their peer group are doing it.

However, let's not make it a buyback thread with occasional LGEN specific posts thrown in please!

[kirkie001] 12/3/2024 09:45

Buy backs are not necessarily good. As WilliamCooper says; it's all about capital allocation and the returns available. If they can invest in the business at a 10% return, and buy backs give an effective 8% return, then I want them to invest in the business - I've bought the shares and want management to grow the money as much as possible.

If the maths is reversed; buy-backs become more feasible - but then raise the question as to whether I trust management enough to own the shares, as they are saying admitting that they can't run the business in a way that can beat the market.

Personally (given all public company investment is all within tax wrappers), I don't especially care for buy backs. As in cases like ABDN, certain management can be shown to have exceptionally poor judgement and over-inflated views of what they are capable of....

(sorry for o/t in market hours!)

[thebutler] 12/3/2024 09:38

Big mistake not carrying out a buyback. If they had this would be 260p+ no sweat. Big big mistake.

[netcurtains] 12/3/2024 09:28

..buybacks are good....

If buybacks did not exist companies would not be able to buy back their dirt cheap shares....

Just because they are misused from time to time (buying expensive shares etc) does not mean they are not good.

I mean you would stop people wearing clothes simply because some clothes are bad?

So I stick by the original poster who said "buybacks are good"... It is a true sweeping statement..




They are good.

[skinny] 12/3/2024 09:23

And therein lies the rub - each case is (potentially) different.

These sweeping statements that Buy Backs are good are misguided at best.

[williamcooper104] 12/3/2024 09:19

Using spare cash to invest at the current divi yield creates more room for future divi increases Question is whether returns are better doing that or investing in the business

[williamcooper104] 12/3/2024 09:18

Wrong way of looking at it It's not down to shareholder preferences for income/capital But rather corporate allocation of capital It can use spare cash to buy shares at the current divi yield If it can get higher returns by investing in its business then it should do thatIf not it should buy back Both ultimately should feed through to either higher divi and/or higher sp

[m12rtn] 12/3/2024 08:03

Buy backs are great when you are you young as we all like to buy and sell for profit, when you get to 55yrs plus, you want to enjoy retirement and not trade, as that is like working again. So dividends allow you to retire and actually live your retirement with minimal stress, assuming you are in the right share. Simple. Horses for courses. Silly discussion really as we all want different things.

[spypat] 12/3/2024 07:46

>> Please explain to me how buybacks will have a positive effect on the share price

From Google's Gemini:
hxxps://g.co/gemini/share/1acbfba7fc54

[zac0_4] 11/3/2024 20:06

Please explain to me how buybacks will have a positive effect on the share price

[jubberjim] 11/3/2024 15:29

Added more today

Actions speak louder than words

I ll take the divi here have not let me down so far

Be good


So top heavy I will overbalance for goodness sake

Pick of the bunch imho

[mcunliffe1] 11/3/2024 13:45

May I refer my honourable friend to the Case of the Abrdn Buy-Back.

jonnybig: you are probably quite correct in your statement in #5017. I would suspect the share price would be tanking at an ever greater pace with a BB based upon the wider lack of trust in a management team who advocated such action when the share price is in mid-range over a 10 year period.

I accept, allowing for inflation the share price hasn't moved upwards much in that 10 year period - BUT - it's still not at a low-point and one that merits a BB.

[zac0_4] 11/3/2024 13:14

Buybacks have very little positive effect on a share price. It's in effect a neutral transaction.

[fionascott1234] 11/3/2024 13:04

Up 4.8p on Friday, down 4.6p today - can't complain!

[jonnybig] 11/3/2024 12:18

The share price wouldn't be dropping like this if they were buying back their shares.

[unastubbs] 10/3/2024 15:39

#4876 Kirkie0017 wrote

"The addressable market is something like £1.7 trillion, of which only about 10% has transacted. (Can't remember the exact statistic - but LCP have the figures every year) - if that's a "dying transaction stream" then I'm all for it! It's not a "fossil-fuel" type problem - it's a "fossil fuel problem but we're in 1990"....

Unless it's regulated against from a competition or regulation point of view, the BPA market will last another 30 years - and remember what the duration of these schemes are - if they're pensioners you might be talking about recurring profits for the next maybe 10 years after writing a deal, if it's deferred pensioners heavy then you're talking maybe 20 years +."

.....

With BPAs representing 43% of profit at present would it be wise for the company to keep on this route with no clear plan for what comes after, regardless of the time frame you postulate? To go beyond...well a certain point, I don't know where, would fundamentally alter the investment case for L&G. I'm hoping for some clear thoughts on this from CEO Simoes in June. My fear is the company (my largest single shareholding now) becomes hooked on these deals to the detriment of genuine growth.

Thanks for your comment. I appreciate it :)

[skinny] 09/3/2024 07:52

Yes, although just about back to where it was at the start of this year.