Legal & General Share Discussion Threads

[skinny] 13/11/2024 11:19

This has been mentioned a few times and worth noting :-

[goldgeezer] 13/11/2024 10:19

Can't say I follow your blood pressure - ha ha.I find it's good to mentally separate one's income stocks from growth. US share price and Tech growth will calm you down. LGEN is surely for income but even if not, pile in the dividends. Chill Buddy - LGEN will see you right. In the mean time try some breathing exercises. They actually work very well. Good luck

[jubberjim] 13/11/2024 07:43

Anyone else noticed

That as the share price drop continues unabated .
My blood pressure goes up.

Hence 3 score and ten comment.

Laughter is the best medicine ?

Aviva had better come through tomorrow.

Down to 25% now

All the best

[goldgeezer] 13/11/2024 07:30

The drop is very odd unless the yield is not expected to be delivered. It's virtually 10%, unless I am wrong? Confused here. I'll be buying more slowly and reinvesting divs

[cwa1] 12/11/2024 21:39

Rongetsrich

No personal comments please. That obviously applies to everyone!

Thanks

[rongetsrich] 12/11/2024 21:30

Action, are you all there, in the head????

[rongetsrich] 12/11/2024 21:29

Peter awakes from his brain dead stasis!!

[action] 12/11/2024 20:31

Waiting for year's low which is not far off. If sell of continues may see 208p even.. great price if it ever gets there...

[dope007] 12/11/2024 19:18

And they won't be cutting it

[justiceforthemany] 12/11/2024 19:09

Dividend Yield now >10%

[jubberjim] 12/11/2024 13:21

Bargain Sniper

I am sure it wasn't meant unkindly.

I too have been known to open my mouth before engaging my brain, so no harm no foul.

Anyway looks like the lemmings are gathering, time for me to start building my fire at the foot of the cliffs.

I have been passive too long

Good luck

[pierre oreilly] 12/11/2024 11:22

It's just the non doms' revenge.

[colonelgrim] 12/11/2024 11:03

I don’t think those gypsy’s manipulating the FTSE like Donald becoming President, I’ve seen some manipulation in my time but this refusal to follow the DOWJ beggars belief!

[rongetsrich] 12/11/2024 10:22

Time to behave.

[bargainsniper] 11/11/2024 11:48

Kind of you to point out jubberjims life expectancy

[jordaggy] 11/11/2024 10:17

Direct Line to cut 550 jobs after losing 71,000 motor insurance customers
The UK insurer Direct Line said it will cut around 550 jobs after losing more motor insurance customers amid higher premiums.

The company lost a further 71,000 own-brand motor customers in the third quarter when insurance premiums rose by 3% year-on-year, on average.

The job reductions are part of efforts to save £50m next year, and create a “leaner and more efficient operating model”. The firm said the cuts will include vacancies no longer being filled.

The job reductions represent more than 5% of the 9,000 workers employed by the group.

Direct Line shares rose by 0.4% this morning.

Matt Britzman, senior equity analyst at Hargreaves Lansdown, said:

Direct Line is looking to cut around 550 jobs as the insurance giant continues to battle with internal demons and a tough trading environment. Cutting costs is one angle of attack to try and bring performance back on track, the other angle must come from stabilising the customer base, especially in the all-important motor division.
The good news is that the rate of decline in customer numbers is slowing, as insurance prices are now starting to come down after some mammoth hikes were put through earlier in the year.
It’s no secret that Direct Line has struggled over the past few years to deal with a challenging motor insurance market, and operational missteps have weighed on performance. But armed with a new leadership team, a more refined strategy, and new growth angles like the relaunch on price comparison sites, this looks like the best version of Direct Line for some time. Whether it’s able to deliver all that’s promised remains to be seen.
Adam Winslow took over as chief executive in March, joining from rival insurer Aviva. Jane Poole recently became chief financial officer, and in December, Maz Bown will become chief risk officer, both also joining from Aviva.

Winslow said:

We delivered double-digit premium growth year on year in motor, home and commercial direct. However, we are in the early stages of a significant turnaround and our Q3 trading is not yet fully reflective of the actions we have taken.

[netcurtains] 11/11/2024 08:27

ah yes. The compound nature of the gains.
Forgot about that.
My bad.

[reddirish] 11/11/2024 08:21

Useful rules of thumb, easily remembered: 20% compound doubles in 4 years; 7% compound doubles in 10 years; and 4% compound takes 20 years.

[netcurtains] 11/11/2024 08:19

50% is clearly paid back in TWO years
100 / 50 = 2

so 9%-ish is

100 / 9 = 11.11

[spawny100] 11/11/2024 08:13

Wrong calc nets. Use the rule of 72. 72/9 = 8

[netcurtains] 11/11/2024 08:12

jubberjim: so you're in your 60s. You theorectically have 20+ years to go.

Share prices are driven by the future not the past.

[jubberjim] 11/11/2024 08:10

That is all in the future

I am living in the here and now

I am very close to my three score and ten.

[spawny100] 11/11/2024 08:04

Make that 8 years and 16 years.

[netcurtains] 11/11/2024 08:02

jubberim: Why is it a waste of money? If the dividend rate is about 9% after 11 years they will have all there money back. In 22 years they will have doubled it....
Why is that a waste of money?