Legal & General Share Discussion Threads

[jubberjim] 13/6/2024 17:40

But on the plus side not a lot of preening either

Solvency rules

Bargains available

[dope007] 13/6/2024 17:38

Lots of moaning going on!!

[davethehorse] 13/6/2024 17:27

Huge shorts in place imo...

[1robbob] 13/6/2024 17:25

Institutions must be spitting blood
Very similar situation to Tulloch at Aviva 3 years ago. He also made a complete mess of a supposed 'Strategic Review' lead to a wholesale change of top management, including him, and a complete transformation in performance

[123trev] 13/6/2024 16:58

A bit early Pierre can see £2.17 tomorrow as a first buy point for me but fully expect it to go even lower after a short rally it would be typical of the way this moves but let’s see.

[riskvsreward] 13/6/2024 16:51

And worse your company pay hugely fat salary to the guy who can reduce the value of the company by about 1.4 billion, 10% of its market value, with just one presentation. Hope that is the worst of his performance otherwise the company would be toasted.

[rose_by_another_name] 13/6/2024 16:44

That's the cost of the buybacks.

[jam62] 13/6/2024 16:40

I find it astonishing that a highly touted new CEO arrives and has several months to put together a presentation to instil confidence that a strategy going forward will lead to a long-awaited reappraisal/re-rating of the company’s equity.

Yesterday’s presentation will have been appraised by the BOD, with contributions inevitably coming from most of them.

Some 24 hours later we see some £1.5bn of market capitalisation destroyed, and downgrades coming from 3 of the most prominent city brokers.

Did no director identify “2% dividend growth” as being a very serious negative?

[skinny] 13/6/2024 16:36

13 million UT at the low of the day 223.70p

[richie1218] 13/6/2024 16:26

yes and it's all good for the buy back :-)

[supermarky] 13/6/2024 16:25

calm down. chill. relax. unwind. it's all par for the course. I am very happy to hold lgen.

[jubberjim] 13/6/2024 15:52

Well we are all agreed on one thing

One thing for sure we don t know
Betwixt our ar$e and elbow
Don t worry be happy

[dope007] 13/6/2024 15:40

Can't see direction changing because of all these snap elections. Markets are easy meat for shorters for now

[netcurtains] 13/6/2024 15:24

Good tip to self, buy on RISING TRENDS not FALLING......
Give self a good kicking for not following ground zero BUY advice....
😀
Touchwood it will change direction sooooooooooooooooooooooooooon.

[vickiitwo2] 13/6/2024 15:09

tornado you have the right idea with cash until the right time (i doubt it will ever happen again in this country) and sensible. ftse is a pure tracker in itself and a gamble not a calculated one at that. If the US merely farts on a whim it will always get a bad case of diarrhea. There have been very few down days in the US where the ftse survived a beating taking most stocks down especially L&G. We live in hope no one overseas will make even a slightly negative tweet as thats about all we have here to move the market apart from the monthly inflation figures, now come on... It matters not a jot how well or bad L&g are doing, the share price will usually just move in the tailwind of other markets (unless it was yesterdays boringly dull announcement)

[dope007] 13/6/2024 14:47

FTSe on its way back to 8000?

[netcurtains] 13/6/2024 14:13

Rose: you have 100% misunderstood. But no matter. It was not important. Just musing.

[rose_by_another_name] 13/6/2024 14:01

The yield for you is what it is at the price you buy. It does
not change subsequently as the share price changes, only if
they reduce or increase the dividend. Or have I misunderstood
your post?

[jonnym] 13/6/2024 13:51

At these prices could we see merger approaches from the likes of Phoenix say....? Remove a bulk annuity competitor, fund management economies etc

[netcurtains] 13/6/2024 13:47

Do you think we will get 10% or 11% dividend yield or do you think this fall is well over done and the share price will recover quickly to an 8% dividend yield?

[tornado12] 13/6/2024 13:14

Still good for my 100% cash SIPP which has running rate same as BOE 5,3%, with zero capital risk

[tornado12] 13/6/2024 13:12

The elephant in the room still remains the high interest rates with US now signalling possibly only 1 cut this year. The BOe also remains cautious and no clear timing for them to cut either. All putting pressure on financials share price as billions remain invested in cash and not stocks GLA

[eurofox] 13/6/2024 12:40

It is an unfortunate fact that with Direct Market Access to the order-book, quote stuffing can be used to walk the price down for algorithmic buying for large buy-orders.

[epo001] 13/6/2024 12:29

Also added. What I am failing to understand is why, given there is a big buyer in the market (LGEN), is the price falling? This drop is nicely timed for a buyback.

[jubberjim] 13/6/2024 11:24

I think Vicky has a point Lgen s woes are impacting across all the financials this morning plus a few others caught in the tailwinds.

But as they say its an ill wind

Took the opportunity to unload a few of my banks to hopefully take advantage later on
Bigger picture and all that

Luck everyone