Legal & General Share Discussion Threads

[skinny] 20/6/2024 11:28

It would be nice to see this back over the 200dma.

Rose_By_Another_Name - PLAN for me complete with splicing paper tapes and pencilling back chads into mistyped hand punch cards - happy days!

[tuftymatt] 20/6/2024 11:12

Yeah we are going to need a few rate cuts and no more news that spooks the market for a challenge of 250 I think. Very possible though but more like 6 months minimum away.

I am happy to build out my position / improve a little on my average and hold for the great divi.

Good luck all 👍🏻

[tornado12] 20/6/2024 07:03

I dont see a fast recovery in share price back to 250p range. Market did not like the fcst divi growth at 2% 2025-2027 & limited BB. I see the new CEO as looking to grow the core businesses and focus on margin/EPS. This for me makes sense and with this share already giving a divi yield in the top 5 players , they remain lucrative for income stream. Important for me they continue to pay with confident reliability and I will continue to invest for >9% returns. What a labour government will do on taxation will only be revealed fully after they come into power, but I expect nasties to appear out of the woodwork. A firm hold and add at weakness GLA

[rose_by_another_name] 19/6/2024 15:30

Mostly assembly language for me. I once wrote a Windows VXD.

[mister md] 19/6/2024 14:17

Not seeing a major bounce off the lows ... YET.

[mcunliffe1] 19/6/2024 13:46

epo / Skinny,
in my day I was having to write my own sort routines in basic, Dibol and Coral66.
My skills never made it into the internet/web age.

My 16,420 LGEN shares are just 0.91p short of my average price. Maybe today will be the blue day.

[skinny] 19/6/2024 12:24

epo001 - it wouldn't have happened in my day either!

[rose_by_another_name] 19/6/2024 12:11

URL shortening also dodges ADVFN's censorship of some links.

[epo001] 19/6/2024 11:36

(Old IT researcher who actually learnt how to design, code, test and debug code.) The page width thing is (another) advfn problem. If you look at the header below the graph it does actually line break at '-' (hyphen). The problem with the dodgy link is that the text after '?' is one long run of text separated by '&' and no hyphens present.

It would be trivial to also line break at '&' and/or '_' but trivial seems beyond the ability of the elite staff at advfn.

Still, at least LGEN seem to know what they're doing.

[yump] 19/6/2024 10:57

It probably means that the advfn code doesn't recognise the size of your laptop screen and so whatever code is present to 'wrap' the link onto the next line without splitting it, isn't working. Coding for different devices is now a nightmare with all the different resolutions and sizes on sale. I have to shut the office door when doing it so that the swearing isn't too audible.

[skinny] 19/6/2024 10:54

Its because its treated as a contiguous line of text with no line break.

una's solution works for the original poster, as does a URL shortener - there are plenty of free ones.

[petersinthemarket] 19/6/2024 10:46

Skinny - I still don't understand why it happens, but your solution works - many thanks
pete

[unastubbs] 19/6/2024 10:29

re.5942 if you cut and paste just up to the question mark in the original link as richi did in 5945 you don't get the page widening thing...:))

[skinny] 19/6/2024 10:24

Its the long link in post 5942 - if you 'start from' post 5943 it will be normal.

[alphorn] 19/6/2024 10:24

Mine is fine.

[petersinthemarket] 19/6/2024 10:20

Sorry, o/t a bit - A display problem - The text of half of the contributions today runs well off the RH side of my screen. Why? I'm using a laptop this morning and the lines of text are so long that they require me to scroll right to the extent of two laptop screen widths. Is this something to do with the writer or is it my laptop doing it?
pete

[richie1218] 19/6/2024 08:40

it looks like Barclays Capital had a day off buying L&G shares as part of the buyback yesterday, maybe there are not many around for them to hoover up or there was so many bought they are still counting them,
it's not very often that a buyback misses a day imo

[rose_by_another_name] 19/6/2024 07:18

What would you have government do? Have they ever made
anything better?

[unastubbs] 19/6/2024 06:36

Tempus (The Times) today BUY.

[yump] 18/6/2024 22:50

Its actually comical for any business to talk about growth when paying out massive dividends. I’ve just been reminded how few US big corps pay out dividends. They reinvest profits.

In Europe many floated businesses include protective measures against being taken over.

In the UK, give us a few bob profit and we’re out.

And every government just stands buy.

[jbarcroftr] 18/6/2024 19:37

Oldest rule in the city
Under promise
Over deliver

[richie1218] 18/6/2024 19:13

hxxps://www.ii.co.uk/analysis-commentary/city-analyst-explains-lg-buy-rating-ii532008

income investors kept Legal & General Group in their sights today as another big City firm backed the group’s long-term strategy in the wake of a punishing week for the shares.

Supported by a projection for an 11% total distribution yield in 2025, Deutsche Bank said today it saw no reason to change its “Buy” recommendation on the FTSE 100 stalwart.

It’s a view shared by retail investors as the company again topped interactive investor’s list of most traded stocks, with 90% of this morning’s activity being “Buy” orders.

This surge in demand has been consistent over the past four sessions after new L&G boss Antonio Simoes tempered some of the City’s loftier expectations.

The shares fell by more than 5% on the day of his much-anticipated strategy presentation, which included plans for £200 million a year of share buybacks and 2% dividend growth starting from next year.

This updates the previous dividend policy of 5% under predecessor Nigel Wilson, who spurned buybacks in favour of investment.

Simoes told City analysts that the combination of dividends and share buybacks meant the company intended to distribute more than what it would've otherwise with 5%.

His updated earnings guidance last Wednesday also underwhelmed, prompting Deutsche Bank to lower its per share forecasts by about 6% in today’s note.

However, the City firm believes the new estimates are more realistic and likely to be conservative looking out to the future. The guidance leads to the bank’s new price target of 275p, down from 300p previously but a jump of 21% from today’s level of 226p.

Other changes revealed by Simoes include the consolidation of four divisions into three via the creation of a new Asset Management unit. He has also split out housebuilder Cala and other non-strategic assets with a view to these being managed for value.

The strategy is underpinned by L&G’s plan to write £50-65 billion in pension risk transfer business in the UK by year-end 2028, which should increase the store of future profit and generate permanent capital to catalyse asset management growth.

Targets in asset management include cumulative annualised net new revenues of £100-150 million between 2025-28. In the third unit of retail, the company is aiming for £40-50 billion of cumulative net flows as a leading provider of workplace pensions.

Bank of America upgraded to a “Buy” recommendation on Thursday and said that short-term pain should lead to long-term gain.

It said the investment decisions being taken now at the expense of near-term payouts were likely to lead to cash generation ramping up in the outer years of forecasts. For 2024, it highlighted a 9.3% forecast dividend yield after L&G pledged to grow this year’s payout by 5% before switching to the new rate of 2% up to 2027.

The bank, which has a price target of 268p, said: “We think L&G made the right decisions for the long term, even though this led to short-term disappointment at its capital markets day.”

[skinny] 18/6/2024 19:04

Again FWIW - your link Tornado :-

[tornado12] 18/6/2024 18:48

Write-up from II.co.uk;

hxxps://www.ii.co.uk/analysis-commentary/city-analyst-explains-lg-buy-rating-ii532008?utm_source=newsletter&utm_medium=email&utm_campaign=Daily%20Newsletter%2020240618&utm_content=newsletter&utm_source=sfmc&utm_medium=email&utm_campaign=Daily+NewsletterAMP&utm_id=185437&sfmc_id=8521146