Legal & General Share Discussion Threads

[skinny] 05/12/2024 12:56

This is from yesterday, but IT IS Bailey - so how much credence .....

[marktime1231] 05/12/2024 12:50

A bit confused by reports that not-so Fat Boy Bailey has been heralding four x 0.25% interest rate cuts next year. Isn't that in contrast to the data showing inflation holding up and other economists expecting just two or maybe three cuts. Why would he change his tune?

How will that affect LGEN and investment in general?

LGENs deep-diving presentation has done the trick, with the good news that there is surplus capital to deploy on a more serious buyback next year. I wonder how quickly they will get around to deep-diving the other businesses. Eric Adler brought in to run Asset Management has only started this week and cannot pretend to know the business deeply yet. Laura Mason who has side-stepped from the private markets side of investment to Retail has not yet received regulatory approval. We might just have to wait to final results on 12 March for next update. Although Simoes seems to be doing things his own way and may want to drop another good news rns on us around new year when the Cala deal completes with cash receipt of £1.35B.

A buyback approaching that scale would send LGEN share price through the roof.

[m12rtn] 05/12/2024 11:26

Hi, I would say the normal average divi for l&g is 7.5 percent, so 2.75 to 2.86 as they say. Fortunately have them at 9 percent so all good.

[yump] 05/12/2024 10:29

That seems a much more credible number, although I may be biased in some way.

[skinny] 05/12/2024 10:23

UBS raises Legal & General price target to 275 (265) pence - 'buy'

[yump] 05/12/2024 08:20

The fractions of a p are quite comical, as if that gives them credibilty!

[skinny] 05/12/2024 08:10

Well there's the broker noises, now for 253.70p.

[cwa1] 05/12/2024 07:44

*GOLDMAN RAISES LEGAL & GENERAL TO 'BUY' (NEUTRAL) - PRICE TARGET 256 (231) PENCE

[pierre oreilly] 04/12/2024 19:51

It does look like a bear squeeze. Any pi shorters will be getting nuisance calls for more margin otherwise they get closed out whether they want it or not. Insts shorting with endless margin will probably be running for the exit to limit losses. Together they'll make a lot of buys. How long it will go on for is anyone's guess.

[cyberian] 04/12/2024 19:34

I have just taken a long and hard look at the LGEN slide presentation shown this morning and extremely impressed with the team members covering the various sectors they are engaged with. That included the UK, USA, and Canada where there is very strong growth opportunities extending over the next 5 years. The dividend cover is key and I am reassured as that is a primary reason for my investment in LGEN.

[adejuk] 04/12/2024 18:52

so nice to see shorters in a tizz
check the ut

[davius] 04/12/2024 18:45

On the FTSE 100, Legal & General shares rose 5.7%, as it set out a decent outlook for a unit and suggested returns could be on the way for shareholders. The life insurer expects mid-single digit growth in operating profit for 2024, in line with guidance. Thereafter, it expects to achieve its 6% to 9% compound annual growth target in core operating earnings per share between 2024 and 2027.

The update came ahead of a "deep dive" into its Institutional Retirement division, the first in a series of events which will cover all its units.

[adejuk] 04/12/2024 18:25

>skinny
i would agree if shorts weren't panicking.
so many months of subpar
we deserve a break

[skinny] 04/12/2024 18:12

A thing of beauty - if looking a tad over bought.


free stock charts from uk.advfn.com

[spud] 04/12/2024 15:52

yump - Just back from Primary & playing on the Playstation is my best guess..

spud

[yump] 04/12/2024 14:42

Where is the “going to 200p or lower soon” poster ?

[123trev] 04/12/2024 14:21

My sword my kingdom for a sword well not a kingdom 10-20% will do lol

[hollcat] 04/12/2024 14:13

I think the fact they can make these returns - 14% ROC, 7% day 1 profit margin on £10billion of bulks - without taking any risk (ie. investing in gilts and reinsuring the longevity risk) is pretty compelling. And when the markets eventually normalise they can trade the £10bn of gilts back into credit to make even more profit

[supermarky] 04/12/2024 14:00

Jolly good news today. Very happy holder.

[123trev] 04/12/2024 13:44

To emphasise my point you have to know your onions I’m now awaiting my next profit from a sword ! Obviously will be back here when the next rinse is completed but history should give you a massive heads up on what’s coming.

[123trev] 04/12/2024 13:31

lol, Pete you do no how well this rise was advertised your just priceless Pierre I bet it doesn’t hold to long though!!!

[jubberjim] 04/12/2024 13:19

Good to see 233
Now would like to see it in rearview mirror

Onwards