Legal & General Share Discussion Threads

[adam] 04/12/2024 08:17

Would more sector consolidation in financials be likely? LGEN prey or predator?

[colonelgrim] 04/12/2024 08:16

Good mornin Lad’s, my intraday chart has gone tit’s up again, what gipsy cfd broker has got his fingers in the till this time?
‘My apologies to all certificated share holder here for allowing my lgen stock to still be held in CREST!’

[tornado12] 04/12/2024 08:14

Market likes at opening with 228.7p :-)

[cwa1] 04/12/2024 08:11

Warning. The share price of Legal & General may go UP as well as down :-)

[p0pper] 04/12/2024 08:02

Anyone else see on Bloomberg this morning that a record number of UK companies bought up by PE funds shrinking the FTSE by the most ever, surely must be addressed soon.

[netcurtains] 04/12/2024 07:59

adam: 10% dividend is great but the USA offers 100% profits etc - new investors tend to be going to the USA.... Hopefully we have reached the tipping point and some funds will come back to the UK....
I feel Starmer has tried to explain that "the budget" was the kitchen sink budget and things can only get better from now on.... Touchwood. If so LGEN will do great otherwise it might just carry on giving us 10% and nothing much else.
I think the UK will recover loads by the spring, and investors will buy in early to get the recovery. So should be rising about now. Touchwood.

[tornado12] 04/12/2024 07:58

Adam --> UK sentiment is pretty low as you know so optimism is really missing. LGEN (I hope) will continue to do what they do best and long term growth and profits will continue. To some extent they are struggling with their asset business which is one to watch (affected by the high interest rates) .. GLA

[adam] 04/12/2024 07:47

I don’t understand why this is so cheap. What am I missing?

[bbd2] 04/12/2024 07:38

Happy with that. In this market, an all on track statement with a bit of over achieving is most welcome.

[mirandaj] 04/12/2024 07:33

Just for interest:

[tornado12] 04/12/2024 07:25

Mid single digit growth on profits FY24 and then 6-9% CAGR growth on EPS 2025-2027.. PRT going strong at 10,5billion... I dont think these are bad at all and show growth is on the way for next 3 years in Institutional Retirement .. GLA

[pretax2] 04/12/2024 07:18

TBH this is an ideal time for buybacks given the share price currently.

[jubberjim] 04/12/2024 07:11

Is That It ?

More buybacks mooted (The last lot did so well ?)

Not very inspirational

Have a good one everyone!

[jubberjim] 04/12/2024 06:51

I hope the next update gives this and others some traction.

Good luck

[cwa1] 02/12/2024 09:38

Morning Devonbeachbum

Post 7006 refers but it is well worth repeating IMO :-)

[devonbeachbum] 02/12/2024 09:18

Can't see this posted here before, hoping this press release bodes well for Wednesdays update -

L&G achieves record year in US PRT business and completes largest Canadian deal to date
Legal & General has completed $2.2 billion of Pension Risk Transfer (PRT) business in the US this year, making 2024 its largest year on record in the US market.

22 Nov 2024

[netcurtains] 30/11/2024 17:55

yump: We did have our GEC and ICI back in the day... But they are both dust now.
The US big 20 or so companies (going right down to IBM and Oracle) appear to be operating in a different world.

Although EBAY and ETSY both have realistic valuations (especially EBAY)

[yump] 30/11/2024 15:05

Well afaik the US market has been pulled up by relatively few stocks and I think that has been the case for quite some time.

How you spot them early enough us another matter. Looking back, the top 5 are all oligopolies and have been for some time. In the US market profits come a distant second to being all-powerful and that is a business model which US investors buy into. Biggest is best.

I’m not sure we ever had a theme in the UK other than profits generally and dividends for our largest businesses.

Pretty sure we don’t have anything remotely close to Google, Meta etc. in early progress and if we did, the competition authorities would shoot them down.

[netcurtains] 30/11/2024 12:17

marktime: In the back of my mind I look at bitCoin investors and I think "if" that is a parallel then there is no such thing as "overvaluation" - the US stock market can rise almost infinitely (as long as governments keep printing money).

[mcunliffe1] 30/11/2024 12:09

And a damned sensible post marktime, thanks.

Could overvaluations in stock markets (well, perhaps not the FTSE) be, in part, a result of the love of quantative easing? That dosh must land somewhere and it never seemed to land in my pocket.

[marktime1231] 30/11/2024 11:53

Well done Skinny. The most worrying incident, the somewhat unexpected Black Monday in 1987, was caused by nothing more than (US) markets overheating from unjustified valuations and the long bull market which preceeded it. Familiar? Even gold didn't save us. The conditions which allowed that ... auto-trading and complex hedging ... easily repeated. Or structurally unlikely now?

What a time to be alive. A weekend where the trees crashed thanks to a "don't worry, there isn't" storm followed by the stock market.

I should say I don't subscribe to the theory that the US and global markets are due another correction on valuation concerns. Yes valuations have got ahead of themselves, but that is all. Nor do I believe in all the desperate pleading that undervalued UK markets will shine. All our best prospects get subsumed leaving the index flat.

The most lucrative long term bet for growth is to be substantially invested in the strongest US and global stocks, and then switch to blue chip and bond proxy high yield when you retire.

Yes chat-police that was an LGEN reference!

[yump] 29/11/2024 19:49

Thats really interesting. It seems the bull markets are generally reducing in strength although thats a very general observation.

If that were an indication of anything, I would guess that its a symptom of a fewer number of healthy large growing businesses, that are temporarily hit by events, but then have the capacity to continue growing.

A comparison with the US might prove a bit depressing as we know they have the big 5 that have grown crazy in the last 10-20 years.

[skinny] 29/11/2024 19:05

I was being slightly facetious as its the weekend, but :-

[yump] 29/11/2024 18:15

Er, well um…there must be some…

Perhaps recovery post Iraq, post 1998, post financial crisis.

Actually all recoveries !

Was the last bull market in the 70’s ?

[skinny] 29/11/2024 17:33

"Bit different to high yielders in an overall positive market."

I've only been trading for 40+ years - what's one of those.....