Legal & General Share Discussion Threads

[my retirement fund] 04/12/2024 12:51

Are we expecting a bid?

[supermarky] 04/12/2024 12:36

Good newsHappy holder

[tornado12] 04/12/2024 12:34

Is one of the 3 important pillars they have and important for growth, profit sustainability for sure. But their diversified model helps to balance changes in the market business outlook also.. Slide 15 of the ppt gives the potential on PRT from today and prospective 10 yrs. The numbers are huge..

[marktime1231] 04/12/2024 12:34

Hmmmn. Another buyback is a powerful carrot to dangle, albeit unquantified and not until next year, shows how keen (corporate?) investors are on that strategy. Shows that the first £200M was too trivial.

Not sure how to react, as an investor in UK markets, to the news that new PRT business is being covered predominantly by (boring steady low return) gilts. What happened to the pressure to get UK financial institutions to support UK stocks again? And how does that square with the hire of fresh leadership at LGEN Asset Management in order to cut through historically complacent underperformance and put funds to work harder?

So apart from lower than planned capital strain from a quick reading the rest of the update was unchanged in-line stuff. Spot any nuggets in the presentation?

[adam] 04/12/2024 11:53

Isn’t the big driver for growth here the pension risk transfer market?

[tornado12] 04/12/2024 11:35

I expect the right share price range for LGEN is 240-260p... Maybe this is the leg up we need... Interest rates are falling more slowly , but they benefit from the pension returns & annuities. Long Term pension income player for me. Looking forward to my big Tax Free divi in 2025.. GLA

[veryniceperson] 04/12/2024 10:26

It is a tad under 9%. The news were under pin the dividend, fantastic

[dope007] 04/12/2024 10:24

Same here steady as she goes and the continuation of a whopping dividend is fine by me

[adejuk] 04/12/2024 10:18

i'm slightly disappointed by the languishing share price
however, since i invest for income and, barring a black swan, have no plans to sell, i'm content with the divi.

[hollcat] 04/12/2024 10:17

Great business - very stable, generating earnings of c20p per annum, growing at 5-7% per annum. High dividend yield and they have managed to release another £300m from their PRT business this year which can be used for more share buybacks

[pierre oreilly] 04/12/2024 10:06

If 123trev is a serious trader, then that's his house gone. But it's very much more likely he's lost 20 quid, as most penny punters shorting this.

I think the linked article says we're in for a buyback in the summer. Implicitly, that means the divi will grow a bit, and more importantly, lgen is raking in cash.

[jubberjim] 04/12/2024 10:03

Interesting observations here bit late for me though.

A few here have suggested I operate on a different plane.

You could well be right

I bought lloyds yesterday as think is well undervalued in comparison to the other UK banks but not selling anything for time being.

Must be the Reeves (HBOS) effect

[trcml] 04/12/2024 09:56

would be nice if £2.30 were to remain the minimum

[tornado12] 04/12/2024 09:48

the LGEN presentation makes good reading too... Click the link inside the RNS this morning

[veryniceperson] 04/12/2024 09:44

Good read skinny. Liked it. Thanks S

[gbh2] 04/12/2024 09:37

Jugs I sold 20K of my Llods yesterday, some in here, rest in ng. phnx & glen :)

[jugears] 04/12/2024 09:32

gbh2,glad I bought more yesterday. Tbf I'm thinking of cashing in lloy & putting it here.

[gbh2] 04/12/2024 09:30

BUZZ – UK's Legal & General up on FY forecast, potential shareholder returns.

[hydrogen economy] 04/12/2024 09:11

There is a presentation today at 9am Deep Dive: Institutional Retirement

Some update on the Pensions Risk Transfer business which is positive - may explain the share price increase today



hxxps://group.legalandgeneral.com/en/newsroom/press-releases/deep-dive-institutional-retirement

[yump] 04/12/2024 09:07

@p0pper

Re VC funds. They set up offices in London ages ago.

We just sit back with no defence, while they have a well-honed strategy for waiting for trouble and then buying up assets cheaply after market investors have funded the business.

That particularly applies to US VC’s.

They pounced post the financial crisis and then after Covid, picking off anything tasty.

Eventually we will own nothing and pay subscriptions to the US to live, although we already do that in volume.

[pretax2] 04/12/2024 08:48

Short Squeeeeeeze

Margin calls beckon

[netcurtains] 04/12/2024 08:34

"windfall profits" - yes its certainly worked for Ireland. We need to get some of that Big Tech tax money too.

[skinny] 04/12/2024 08:33

6 month high is 253.70p.

Expect some broker noises?

[pdt] 04/12/2024 08:28

The downside of a company or sector doing well is that it sets itself up for a Windfall tax on all those evil excess profits. I am sure LGEN and the Pensions industry is a target. They need to get the money from somewhere.