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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Prudential Plc | PRU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.80 | -0.11% | 722.00 | 16:35:27 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 715.60 | 713.00 | 725.60 | 722.00 | 722.80 |
| Industry Sector |
|---|
| LIFE INSURANCE |
| Top Posts |
|---|
Posted at 15/4/2024 17:47 by scorpione The 20 dirt-cheap UK stocks that could make YOU a packet8) PRUDENTIAL (FTSE100) Jonathan Unwin, UK head of portfolio management at Mirabaud Wealth Management, says Prudential represents a 'compelling opportunity' for investors. The shares have declined in value by 37 per cent over the past year – a result of being listed on the out-of-favour UK market and economic clouds in its target markets: Asia (China especially) and Africa. Yet Unwin is convinced that Prudential's strong franchise in Hong Kong (spilling into wider China) will improve. He says: 'Its double-digit growth in revenues is not priced into its shares. Its share price is cheaper than the wider European insurance sector.' Investor Interactive's Richard Hunter says the opportunity for the company to write additional insurance premiums with consumers in these two continents is 'significant.' The shares are priced at £7.16, and the dividend yield is modest at 2.3 per cent. |
Posted at 27/3/2024 17:44 by jubberjim Investors are starting to look at Xi and they are not liking what they see.Hence avoidance of the Pru as it has made no secret of where it's direction lies and matters are not helped by the rhetoric being spouted by the aforementioned. Investors are starting to vote with their conscience hence no matter the attraction of the company and the dividend thereof remains unloved One to avoid in the current climate. Sorry folks |
Posted at 20/3/2024 12:56 by 1jat CjacMy views on the current Pru. (Sorry not particularly structured as written here rather than pasted in). The company has a number of prime positions in territories across Asia, there is diversification here, when one booms another busts, so there is always something for the optimists and the pessimists when it comes to these results. The results were presented positively and did seem to be much better than last year. The negative did appear to be the phasing of profits in 24-27 which seemed rather back loaded - and with the China re-opening in 23, it will be an achievement for 24 to be better. The metrics for solvency are based on HK regs so it is perhaps best to compare capital strength with AIA / Ping A rather than try to compare back to UK listed stocks for comparators. The business has been moving towards more regular premium risk business and (Health and Protection) which has improved margin. As to the embedded value of the company, it has produced EEV and IFRS versions, both of which show the company is trading at a significant discount. The shareholder base is an issue for Pru as its legacy is in London institutions, it needs to move more of the investor base to the Far East and that may reduce some of the East/West geo politics. Pru was trading up in HK after its results, but got trashed in London, maybe some sellers wanted to sell into the bounce but overwhelmed the London appetite to buy turning it to a selling frenzy. The business case (addressing the protection and savings needs across Asia), is still strong and the addressable market should continue to increase. There do not appear to be operational issues relative to competitors. However the investment case rests on whether the geo political risk is adequately rewarded in the discount to book value + dividends and other shareholder value returns. I am not sure that analysing the accounts or business presentations is going to help with this problem- but it will highlight the discount to book value. As we know other UK Financials also trade at large discounts to Book value and that is largely driven by sentiment. Not sure what teh company can do to create a break to the upside while is faces into continued friction between China and the US. |
Posted at 20/3/2024 10:11 by bookbroker One may ask, potentially in the same boat, time will tell, but the performance of this company has been shocking for investors, and management have to take the blame. |
Posted at 20/3/2024 09:52 by bookbroker Disgusting the trajectory of the valuation here, why should investors place trust in a management that is so bloody oblivious to global events. |
Posted at 02/12/2021 12:11 by capitol2 Buys moving into gdr investors who have read wording of Monday's rns expecting a rns on high speed covid test. |
Posted at 04/9/2021 18:48 by whatja There is a lot for JXN and Pru management to explain in the JXN storyWhy the 10% sale to Athene Why was Pru not able to extract funds from jxn Why were the CEO and CFO fired Why the Huge write down in value Why the delays Why a share buy back could be possible but the dividend to Pru impossible. To me JXN looks like a bargain because of the question marks caused by the above…. It will take a couple of years to provide evidence to the market that jxn can be a reliable dividend payer..during this time the shareholder base needs to transform from an inherited UK and international base of Pru to a US domestic set of investors. IMO this rotation in the shareholders will ultimately benefit JXN and I expect a higher valuation in 2 years time. A 2-3bn USD mcap makes it a bite sized acquisition for US competitors. |
Posted at 08/8/2021 04:37 by wmb194 No, ex-entitlement is 01/09. 02/09 is the record date. The timetable is in the circular. |
Posted at 06/6/2021 15:09 by churchill2 Ploughed through the Investor Day Presentation last night. No shortage of facts and figures to keep shareholders well informed. Not keen on the Q&A presentations. It was to easy to avoid any awkward questions asked as there was no follow up format. To sum up I would say the overall message imparted was the PRU is doing well in difficult circumstances and future prospects look brighter.They need to be because comparing the share performance of M&G and the PRU since the Demerger is I am sure not what was expected. Including reinvested dividends M&G is up 35% in comparison to 18% for the PRU. I would imagine if this under performance carries on our Asian competitors will be licking their lips. |
Posted at 03/3/2021 09:44 by wmb194 Unless we'll be able to take part via PrimaryBid it doesn't seem to:"Our preferred route is a fully marketed global offering to institutional investors concurrent with a public offering in Hong Kong to retail investors. As an Asia focused company, the Group believes there are clear benefits from increasing both its Asian shareholder base and the liquidity of its shares in Hong Kong." |
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