Legal & General Share Discussion Threads

[mcunliffe1] 17/7/2024 13:06

14 months ago I bought my first block of LGEN shares in the SIPP I had just moved to Interactive Investor.

I subsequently bought more blocks and ultimately paid out £35,000 including the stamp duty and transaction fees.

I find that at today's share price of 226.1 I am slightly underwater - my average share price being 228.91. However, as I (auto) reinvest the dividends my growth in cost versus current value of holding is 6.07%

As marktime points out in #6050 it is important to buy when a share price drop is provided. I failed in that regard on 12 June 2024 when I bought the last £10k at 229.06p

Overall, I am happy with that 6% growth over the 14 month period.

[marktime1231] 17/7/2024 12:48

RBC warn next month's H1s will be lacklustre and says the pension transfer business faces headwinds, target price cut a hefty 50p to 245p. Somewhat premature to call the party over but it has knocked 6p off the share price since this time yesterday.

No help from CPI which is steady at 2%, it appears BoE MPC is more interested in measures such as wage growth, service sector prices and something called core inflation rather than the actual target it has set itself. I am less confident they will do the right thing and cut rates on 1 Aug, and now expect them to hold until mid-September when the Fed is deemed likely to make its first move.

6p off at a stroke! Strangely what I expect the interim dividend to be when announced on 7 Aug. The already promised dividend progression means we are heading back towards 10% yield. I also expect Simoes to report progress on things like Cala disposal to try and lift some of the gloom from the strategy day.

Looking for an opportunity to trade a cycle and get your average holding price down a bit, this could be on the way.

[tornado12] 17/7/2024 10:53

For sure it doesnt .. Bring on H1 results and hope this kills the shorters

[cwa1] 17/7/2024 10:15

Just spotted this, which might not be helping the mood:-

Royal Bank of Canada cuts Legal & General to 'sector perform' (outperform) - price target 245 (295) pence

[paulboz] 17/7/2024 10:02

IMO this is a great opportunity for those of a patient disposition. The 10 year gilt rate is about 4.05% while LGEN gives us a divi of around 9.3%. That will do for me.

[yf23_1] 17/7/2024 09:55

If the DOW was up on good retail sales, then surely the Fed would think the economy is still too hot and so delay interest rate cuts, which wouldn't really warrant a 700pt rise on the DOW.

[adejuk] 17/7/2024 09:53

bring back nigel

[tornado12] 17/7/2024 09:52

I dont see is possible for me the predict the share price movement in UK FTSE. My only hope is the possible income coming from high yielding stocks like LGEN. At this price the yield in 2024 is 9,4%. Unbelievable with inflation now dropping to the 2% mark. GLA

[brisie1] 17/7/2024 08:59

Yes and so it goes on

[cwa1] 17/7/2024 08:16

FWIW, inflation data has come in at 2% again. Possibly marginally ahead of the(in some quarters) hoped for 1.9%. So inflation seems quite "sticky" and there seems to be suggestions that this makes an August cut in bank rates slightly less likely.

Naturally, in spite of the 700+ points rise in the DOW last night we've taken a more measured view over here and generally marked markets, including LGEN of course, down.

DOW goes up-we go down, DOW goes down-we go down with it :-/

[spawny100] 17/7/2024 08:07

We don't even follow the US if it goes up; DOW up 700 points yesterday yet we open down!

[tornado12] 16/7/2024 12:45

Seems a lifetime waiting for the trading update. No news means we go no where and follow the lead from US..etc. roll on 7th August GLA

[vickiitwo2] 16/7/2024 09:55

Should set up a new index for behemoth like this and dump about 30 other ftse stocks in where they can languish and give their few percent above rates divi. They do nothing for the growth of uk. Maybe best to sell this to the chinese

[jubberjim] 16/7/2024 09:50

FOMO Rules but cold hard CASH is the King

[123trev] 15/7/2024 18:23

Think the Telegraph got that wrong was Chinese GDP and a couple of profit warnings!

[rongetsrich] 15/7/2024 17:35

Well, this is better, less nonsense!

[dope007] 15/7/2024 17:34

FTSE down according to the Telegraph on Trump being next president after shooting. US mkt up..........

[jubberjim] 15/7/2024 15:27

You go down that rabbit hole on your own

No interest !

[jubberjim] 15/7/2024 09:59

Ron

You just made my point! Nuff said

[123trev] 15/7/2024 07:38

M12rtn, I get your point but when has a common sense approach been taken by any government they all think short term and look for that quick fix. Pensions have always been a target but the idea of having a personal allowance within an isa has been investigated it’s rich pickings considering the money that’s been poured into them. The last decade saw miserable rates so there was no point but now!

[jubberjim] 14/7/2024 18:11

Lots of talk very little action

The prices are holding up or not moving

No point taking a position in this market

You need players and more importantly you need cash

Sell in may and go away has been proven

Frustrating boring frightened like a lot of other punters leaving bids and offers and will deal on my terms no interest from this particular poster in this sh t scared market

Good luck

Again not watching tonight as don t want to jinx it

Will check in in the early hours

Here's hoping

[m12rtn] 14/7/2024 13:50

I don't see the point of taxing pensions or changing limits as one of the biggest burdens is state pension and if they want to means test that, then they need us to save hard for the future and give us the incentive to do that, otherwise false economics, we need to be able to save so we don't burden the state tomorrow. My view.