Legal & General Share Discussion Threads

[jubberjim] 11/11/2024 07:27

This only serves to illustrate what a complete and utter waste of monies share buybacks are

Anyone know offhand the initial price at which the share buyback was inaugurated.

Have a good day everyone

[cwa1] 11/11/2024 07:18

Legal & General completes £200m share buyback programme



11 November 2024



Legal & General Group Plc (the 'Company') announces that it has successfully completed its share buyback programme (the 'Programme') which was notified to the market on 12 June 2024.



As a result of the Programme, the Company acquired 88,835,417 ordinary shares at an average price of 225.14 pence per share for a total consideration of £199,999,998.25.



As at close of business on 8 November 2024, the Company had 5,895,311,386 ordinary shares in issue, 2,419,401 of which are pending cancellation under the Programme. The Company does not hold any ordinary shares in treasury and therefore, net of ordinary shares pending cancellation, the Company's total number of ordinary shares in issue and total voting rights is 5,892,891,985.

[123trev] 10/11/2024 10:54

Ps a key strategy I would adopt is never cut costs and run things down to such a point that it’s almost impossible to fix and never do it to everything the country relies on.

[123trev] 10/11/2024 10:48

Yump I imagine myself and a few million others could have done a better job of things both presently and in the past. However politics seems to dislike straight talking shoot from the hip common sense let’s get the job done attitude so unfortunately we would never be able to prove our worth in their make it up as you go along never answer a straight question we have no idea what to do so let’s just keep fudging it world.

[tornado12] 10/11/2024 10:03

The Reeves Mansion House meeting;

The annual address, scheduled for 14 November, is often used by the current Chancellor to hint at the government’s plans for the economy, City and regulation.

Reeves’ other main topics are said to be Labour’s plans to get “inactive̶1; workers into jobs and strengthen the government’s new industrial strategy.

The speech comes after Labour’s first Budget in 14 years last week, which sparked a selloff in UK government bonds in response to plans for £41bn per year in tax rises and £142bn in extra borrowing over the next five years.

Reeves is looking to pension reform in Labour’s push for economic growth, with the potential to plough billions into infrastructure investment and London’s stock market.

She is understood to be attracted to the Canadian model and met with leaders from the country’s largest pension funds in August.

A Canadian style of reform would see Britain’s local authority pension schemes, together worth around £400bn, merge into a single fund.

City grandees have called for a shake-up in Britain’s risk culture as the proportion of UK pensions allocated to domestic equities has tumbled in recent decades. Corporate defined-benefit schemes, with some £225bn of surpluses, have instead leaned more on bonds.

Some large retirement schemes are concerned that Reeves could mandate UK funds to invest in specific asset classes like British stocks or infrastructure, potentially forcing them to buy lower-quality assets. The government has so far not supported mandation.

A Treasury spokesperson commented: “Following this week’s budget to fix the foundations of the UK economy, the Chancellor is focused on growth.

“Central to that are the next steps on pension reform, which will be set out in her Mansion House speech. This will unlock more private investment to fuel the government’s growth mission.”

[rongetsrich] 09/11/2024 18:56

Yump, you appear in a state of stasis yet again.A head from bottom moment, a camomile tea and perhaps some olive to help you relax and calm yourself down.You cannot even do the passive-aggressive vey well, so stop.Pin those giant jug-ears back and listen to what Trev is explaining to you... in layman's terms people of your intelligence.Now behave, or jog on, sunshine.

[netcurtains] 09/11/2024 18:00

Pete: There is no point. Just thought people might like to see how the relative positions of the big dividend finance companies are doing relative to one another and the market in general

[yump] 09/11/2024 14:58

You’ve just demostrated my point for me. Thanks.

You clearly know all the answers, so as I said do something about it yourself.

I guess its difficult for people who feel helpless, but that’s a real bad state of mind.

[rongetsrich] 09/11/2024 13:55

Yump, stop thumping on here. Take your poor attitude to the moderated board.

[petersinthemarket] 09/11/2024 13:14

Sorry netc....
I am colour blind.
Your charts are useless to me.
If you have a point, pls make it in English
ta, pete

[netcurtains] 09/11/2024 10:51

Relative positions of big dividend stocks beginning to change:

[jubberjim] 09/11/2024 10:50

PS

My hoped for arbitrage between lgen and phnx has fallen out of bed

I bought the Phnx side but will have to wait for lgen to recover its poise

Hopeful Aviva update will put it back on track.

Dividend provides some comfort in meantime.

Long wait until new tax year.

Have a good weekend

[yump] 09/11/2024 10:06

If you’ve got the answers and want to improve things, become a politician then.

I’m Sick of moaners. There’s so much we can do individually to improve things by accepting a bit of personal responsibility. We all caused most of the problems, but its become the thing to expect governments to fix it all.

[123trev] 09/11/2024 10:04

tornado I think that article must get regurgitated several times a year every year in one form or another lol.ps motley fool = kiss of death.

[123trev] 09/11/2024 09:59

Yump our seemingly two party system has always lacked real long term vision and both parties suffer fools gladly and always attract ineptitude at the highest level.Totaly incompetent and inexperienced individuals operate at every level of government and if your successfully really bad you get paid off with a giant lump sum and a gold plated pension the countries you mention just take advantage of that fact.

[jubberjim] 09/11/2024 09:58

Don't think there will be much festive joy in the 'Xmas Bounce' this year

I can find no discernible good news in the headlines I am reading this weekend .

Will just have to grit teeth and bear it.

Hopefully Aviva update later this week will provide some cheer but it says it all that the Share with the lowest return percentage wise @ 7.5% is holding up the best amongst its peers. Namely Abdn-Aviva-Chesnara-Dlg-MNG-Phnx

On a lighter note as I approach another birthday I find myself increasingly casting an eye over the 'Shopping Trolleys' with regard to transporting my liquid refreshment home from the supermarket.

I have all but given up on the pub now that winter is upon us .

I have my Man? Shed and I don't have to worry about keeping the beer chilled.

How times change .

Keep well make the most of the dry weather.

Good luck

[rongetsrich] 08/11/2024 19:36

I would say the dark clouds forming are new, and that levels the dirt squarely at this governments foundation.

[yump] 08/11/2024 13:40

Can’t anyone get away from their Tory/Labour split opinions? Its tediously boring.

Nobody here is deliberately trying to mess up our economy; look elsewhere to Russia, China and some other rogue states.

[bargainsniper] 08/11/2024 13:13

Trump is US business friendly lowering taxLabour is closing the doors and turning off the lights for UK business

[yump] 08/11/2024 12:23

Best wait until the market recovers and then buy, because then you’ll feel confident, although the risk will actually be higher. Or if you don’t think there will be a recovery sell the lot.

Given inflation is only 2% ish for a while, the BOE are not helping anyone by being overly cautious.

Consumer spending madness did not cause the inflation so I don’t think any of us will go crazy in the shops if interest rates are cut quicker.

I’m not at all sure that there is a link between hiking the rates and inflation coming down in the last year or so. They happened at the same; perhaps thats enough for many people to also assume cause and effect.

Its like they’ve all read the same book of “rules” from years ago about interest rates cooling a hot economy and then brainlessly applied them to an inappropriate situation.

[123trev] 08/11/2024 11:26

Because they are real and Trump is going to use them even with us and that will severely impact growth and future budget projections.

[123trev] 08/11/2024 11:23

To be honest wouldn’t touch anything in this market at the minute the claim culture and FCA are out of control the economy is getting hammered by it even here the investigations have begun then there is the new transparency system or value for money guidelines coming soon.

[dope007] 08/11/2024 11:22

The mkt is now using tarrifs as an excuse to sell UK stocks