Legal & General Share Discussion Threads

[neilyb675] 07/11/2024 15:31

Rangers FC
3/1
Match Result
Olympiakos v Rangers FC
17:45, Today

Tottenham Hotspur
13/8
Match Result
Galatasaray v Tottenham Hotspur
17:45, Today

FK Bodo/Glimt
4/7
Match Result
FK Bodo/Glimt v Qarabag FK
17:45, Today

Athletic Bilbao
17/20
Match Result
Ludogorets v Athletic Bilbao
17:45, Today

[yump] 07/11/2024 14:46

If this jumped to 240p suddenly what would people be thinking or posting?

Because the external situation would be the same.

[rongetsrich] 07/11/2024 14:31

Peter lacks intelligence and any sort of ability to communicate at any level. But he did buy 10000 more MNG. He's a halfwit looking for a village.

[yump] 07/11/2024 14:02

So is this thread.

[davethehorse] 07/11/2024 12:07

UK is broken

[cwa1] 07/11/2024 11:14

PLEASE, not TOO far of LGEN. Thanks

[pierre oreilly] 07/11/2024 10:59

BSniper, the last lab duffer who wanted to 'stabilise' the economy was Gordon Brown. No more boom and bust he said before making the biggest bust ever.

And how can Rachel stabilise the economy when, from my pov, the economy has been very stable for several years? And where do these 'black holes' come from? Nothing more than trying to fix the blame of bankrupting many small businesss with their NI jump on the previous government (who I thought treated small businesses quite well).

And effin commie Milliband, spending billions on 1000km of pylons all over the country and national parks for no reason except to annoy millions of people who will have to stare at them outside their front door.

[123trev] 07/11/2024 10:36

Don’t think it’s his fault would be the same for anyone in charge here the rapid rise in rates and IFRS17 clouding an already murky picture. Like I’ve said before there model has changed dramatically here expect further falls.

[pierre oreilly] 07/11/2024 10:33

You think it's going to 0 then? (that's the result of this 'trend' continuing without change).

[southwinds] 07/11/2024 10:22

Since Simeo has assumed command this stock has steadily fallen with scarcely an up day - extremely disappointing- can't see a change to this trend.

[123trev] 07/11/2024 09:41

Looks like U.S markets will go for round numbers and more record highs today but that sell off must be close now at these levels. I think U.K markets are aware with lots of stocks seeing any rise sold into especially here and in other financials.

[yump] 07/11/2024 09:28

Surely there can’t be any hypocrisy in what politicians do ?!!!
;-)

Yes the “Truss wrecked it” mantra is looking a bit rich.

At least our inflation is now way lower, so maybe the interest rate rise was overdone and we can at least settle down into something stable.

[netcurtains] 07/11/2024 08:55

Is a rate cut due today?

[yump] 07/11/2024 08:42

Alternatively:
“These actions might suggest”:

- That top slicing a few shares that have flown up and unbalanced a portfolio, is a prudent action for anyone and particularly for a conservative investor.

WB held way more value in eg. Apple shares than in others.

Also, there are only a handful of wildly high shares that have distorted the index. So averaging them out and concluding the whole is overvalued is a misleading calculation.

So selling them off will inevitably cause a slosh of cash, which will sit patiently waiting for a home.

A wide ranging sell-off by WB might be more worrying.

As for quoting previous “predictions”, well it didn’t take a genius investor to see that the late 90’s bubble involved just about every tech. stock, not just a few.

[goldgeezer] 07/11/2024 07:47

No, low tax was the solution. The communists are trying to destroy ours but they'll be torn to shreds. They'll be running for the hills, the vicious hypocrites

[masurenguy] 07/11/2024 07:43

Is Berkshire Hathaway’s record cash pile telling investors to be cautious?

On 2 November Warren Buffett stated that the Omaha Nebraska-based company sold $36bn of its share portfolio in the third quarter, pushing its cash pile to a record $325.2bn. This means cash now represents just over a third of Berkshire’s market capitalisation. While it may provide a defensive buffer against market volatility, it is over 10 x the tactical cash position which Buffett has held historically.

Last quarter marks the eighth consecutive period of net stock sales including another 100m of Apple shares, representing a cumulative 600m Apple shares sold in 2024, with the remaining stake worth around $70bn. These actions might suggest Buffett is preparing for tough times ahead and following his own advice of ‘becoming fearful when others are being greedy’. Adding weight to this view is the fact Berkshire has also halted share buybacks for the first time in 2024. Buffett believes it only makes sense to conduct share buybacks when the shares are trading at a discount to his estimate of intrinsic value.

Berkshire shares are up around 23% so far in 2024, outperforming the S&P 500 index and taking the market value of the company to over a trillion dollars for the first time. Buffett does not try to forecast the short-term direction of the stock market, but he has in the past referred to a long-term indicator he describes as ‘probably the best single measure of where valuations stand at any given moment’. The calculation involves dividing the total market value of all publicly quoted stocks by GDP. This measure is equivalent to a price to sales ratio for a company. The indicator, which is sometimes referred to as the Buffett Indicator has identified prior peaks such as the technology bubble of the late 1990s. The reading as of 30 August 2024 was a record 209% (the market value of all stocks is 2.1 times US GDP) suggesting US stocks are trading 68% above their long-term trend line.

[123trev] 07/11/2024 07:29

Well interest rate decision or forgone conclusion today but the big uncertainty now is our mate mr orange! All eyes will now be on tariffs and where they land when he takes office. Obviously if they are bad it will blow the bloody doors off that budget and thanx to labour trying to undermine that election that special relationship might have a large dose of revenge attached.

[tornado12] 07/11/2024 07:19

With Reeves starting the attack on pension funds , are we really surprised by the lack of certainty in the management companies share price ?... I guess not and this only creates the usual uncertainty and hence my feeling they should resist the request to put our monies into Labour trash ideas for so called green agenda and growth. They cannot have it both ways. Trash pension funds and trash returns.

[vickiitwo2] 06/11/2024 22:15

Dragging the ftse down again when world stock markets surge to all time highs. Absolutely decimated when the bubble bursts. Dividend minus share price decline in last year amounts to poor returns.

[geckotheglorious] 06/11/2024 20:54

“Truss trashed the economy”

But did she?


Did Liz Truss really cause the bond market rout?



Sunak had similar unfunded spending as she did. £40-45bn odd.
Rachel Thieves likewise has fiddled the books to spend ALOT more as well.

[yump] 06/11/2024 18:02

“Truss trashed the economy”. Sooner or later, I hope someone will raise that irony (which is false anyway) with Labour, given their spending plans.

[tuftymatt] 06/11/2024 16:24

Cuts for sure this week by the FED and BOE but will it make any difference to the UK listings?

It seems to me that nothing can shake it from this slump and all eyes continue to face the other side of the pond be that in the small caps or the mag 7.

It will turn in the end and I continue to hold.

Good luck all 👍🏻