Legal & General Share Discussion Threads

[netcurtains] 21/3/2024 12:45

LGEN is one of the few places you can get 8% protected from tax via an ISA wrapper

[netcurtains] 21/3/2024 08:21

I guess every 1% fall in inflation equates to the LGEN dividend rising by 1%...

Currently you get just over 8% yield per annum with LGEN
But inflation is falling to 3%-2% range...

[netcurtains] 21/3/2024 08:06

Well it does..... I dont see the issue...
Have I missed something?
Why do bots mark down but never elucidate why?
(I guess its the nature of automated code which is not
connected to AI - it cant interrelate; it can only tick
boxes).

[netcurtains] 20/3/2024 14:06

When inflation goes down LGEN dividend just looks better and better

[cardinal3] 19/3/2024 18:57

New CEO, new broom. Clear out the non-strategic stuff and go back to basics. Asset manager and insurer. Simple. Breath of fresh air.

[williamcooper104] 18/3/2024 22:36

Yep think that's probably the right reading of it At least Gala will have turned a profit - less said about manufactured homes the better (the risk/reward there was always challenging)

[mcunliffe1] 18/3/2024 22:16

jj: It was a nine hole course ;-)

[jubberjim] 18/3/2024 18:57

19 th Hole

[lord gnome] 18/3/2024 18:22

Building on a golf course? Sacrilege. Where do I object?

[lord gnome] 18/3/2024 18:21

Quite probably, Burnley :-)


UTV

[mcunliffe1] 18/3/2024 18:21

I wouldn't want to be a housebuilder in the UK at the moment. The planning laws and prolonged legal actions when a new development is mooted is a real pain.

I've seen this recently in a development close to me on a 9 hole golf course. It is now finally being developed but will no doubt add additional costs on those house selling prices if only to recover the developers legal fees.

[luderitz] 18/3/2024 18:15

Perhaps they no something we don’t LG?

[lord gnome] 18/3/2024 18:13

How odd that they should seek to sell their house builder. It wasn't that long agp that they were talking about how many build-to-rent units they wanted to build.

[bareknee] 18/3/2024 17:39

Cala was valued at a tad over 600 million when we bought the remainder of it back in 2018 so, though we'll show a profit on the 2018 transaction if it goes for 750 million, it's not been the most amazing use of capital over the last six years.

Longer term, going back to 2013, it's looked a much better deal, but it doesn't look like we'll be selling it for much more than book value, so I can see why the market is a bit "meh" about the press report.

[marktime1231] 18/3/2024 17:10

How interesting well done wc. Is this Simoes pre-empting his strategy reset ahead of the June capital markets day, proceeding at pace. Does it suggest a simplification, a focus on core business activities and cleaner branding, whereas in recent years LGEN has dabbled in all sorts of ventures with mixed fortune. Cala has been a positive asset development. Might this translate in to more support for the share price rather than plumping up the dividend. Responding to the pressure caused by Aviva outperformance. Or corp investors fed up with the share price in the doldrums and no obvious response, we know city brokers want a buyback.

[netcurtains] 18/3/2024 16:53

It certainly is a lot of cash....

[jonnybig] 18/3/2024 16:44

Hopefully the money will be used for a chunky buyback

spud

[luderitz] 18/3/2024 15:45

A good safe outfit is LGEN not only does it pays a good divi but seems a relatively safe haven for our money.

[fionascott1234] 18/3/2024 14:10

Last month, L&G sought to deny any intention to sell the Cala business and now we have a complete turn around. So as to, "buy backs", who knows......

[tag57] 18/3/2024 08:11

The links are at the top of the page, regardless, or they are for me anyway.

[mattboxy] 18/3/2024 08:05

I'm using a mobile phone. Can't see any links can you explain where they are on the mobile app thanks.

[mattboxy] 18/3/2024 08:04

Thankyou most appreciated!

[netcurtains] 18/3/2024 07:44

But its also nice for people to post the Ex-divi date from time to time to jog peoples memory.
So thank you Cowie19....

[skinny] 18/3/2024 06:51

There's a financial calendar link in the header!