Prudential Share Discussion Threads

[churchill2] 14/11/2020 13:27

Hi rimau1 I agree with your observation that the Pru looks cheap and well done with your timely purchase. I have been comparing Pru with one of our main Asian competitors namely A1A ( who sponsor the Spurs football shirt). As of today A1A are capitalised at just over 100 billion pounds in comparison to just under 33 billion for the Pru. Comparisons are not easy but there financial reports are date wise the same and both US dollar related. The first thing that hits you. In the first half of 2020 A1A adjusted operating profit of $2933m 58 per cent came from China/HK. For the same period the Pru adjusted operating is $2541m. Stripping out USA the Asian portion is $1733 of which China/HK is 29 per cent which indicates why the Pru is so lowly rated. The other statistic that highlights the differential is the EV which for the Pru is $37.3 billion Asia $48.9 if you include USA as against $61.4 billion for A1A. The vaccine will have increased the value of Jackson whichever way its separated. The Pru has laid out a huge coverage in China so as Dan Loeb has intimated its time to take the opportunity on offer. It seems obvious to me that the Pru is way undervalued compared with A1A. The other point together they would make almost a perfect fit plus there is Ping AN hovering in the background.

[rimau1] 06/11/2020 09:11

Wrong bord Porsche? Clearly you are talking about AV. ? This is an Asia, Africa and US business fast growth minimal UK/brexit focus!

[porsche1945] 05/11/2020 10:53

What a dog of a share this is, a serial under performer, has the worst of all worlds for a financial, no growth, pitiful dividend and listed on a dog of an index nobody wants to invest in because of brexit and covid. Stick to the S&P, terminal.

[churchill2] 05/11/2020 09:20

I was confused by the recent Pulse video on the Pru Website. Was it an attempt to raise Shareholder morale during a period of weak share performance. May be the opposite in that Pulse is proving to be an outstanding success and will lead to a sizeable increase in business. There was no update on the eight million downloads reached early August or any other additional information to help form an opinion.

[essentialinvestor] 30/10/2020 16:31

Added earlier, I was hoping for lower, perhaps next week.

[rimau1] 29/10/2020 18:33

Got it, thanks Essential. Its certainly a handy yield now at these levels. Excellent entry point IMO.

[essentialinvestor] 29/10/2020 15:43

Dipped a toe back in today, or half a toe at this stage. Hi Rim, firstly on posts I'm often just thinking out loud and sometimes attempting to clarify my own thoughts on a subject. PRU has always been hammered on corrective equity markets, at least as far as I can remember back. Re the yield comments, many investors previously referenced the compounding PRU dividend, it was a handy income hold for some. Yes agree with you about higher growth v lower dividend- effectively they are investing more in growth and paying less to investors (at least for now). The M&G split of course played a part in that. Hope that at least half answers your question. Think these may be available under £9, or very close. Good fortune with your holding BTW.

[rimau1] 29/10/2020 10:21

Can you explain your point essential? Pru investment case was never based on yield IMO its a growth story but now represents a 3%+ yield which is safe given the surplus regulatory capital it now has using HK regulatory ratios. I am biased because under £10 i am now heavily invested here but its in my Sipp for a long time to come.

[essentialinvestor] 29/10/2020 08:27

Very little yield support so at the mercy of falling msrkets more than ever.

[rimau1] 28/10/2020 18:51

I don’t disagree Porsche although there are a bunch of Chinese companies wanting to list in London to access wider investment and ironically given china US relations a UK listing is still attractive. I would love to see Pru take a primary listing in HK. Surely it will rename as PruAsia, but maybe a dual listing is more realistic. In anycase i will continue to add at these levels, growth prospects are huge and a well covered 3.5% growing yield is not to be sniffed at. Not sure why everyone gravitates towards AV, LGEN with zero growth prospects.

[porsche1945] 28/10/2020 13:35

@rimau I dont disagree its cheap, but that doesnt stop it continually tanking, the drops are eye watering and it is asia focussed, so would be bizarre except for the fact its listed in the U.K., Which is the issue, I read if they moved the listing to asia it would give an uplift to the shares of 30pc overnight, nobody wants to touch the UK indexes, the whole country is seen as a self harming asylum. One hope I guess is some sort of brexit deal, its a damage limitation exercise I know but it may at least remove some uncertainty.

[rimau1] 27/10/2020 16:17

Porsche, this has no UK material exposure since it sold off M&G. The US business will be divested in 2021 leaving Pru Asia so its really a bet on Asia and Africa combined with the assumption that the break-up value is worth more than today. I bought in this afternoon just above £10 i reckon its worth 40% more. Prospect of negative interest rates and general market unrest the oroblem here. Also if you think Trump will go this will get a kicker from better US china relations

[porsche1945] 27/10/2020 15:02

What an utter dog of a share this is, I keep telling myself only to buy the S&P, because brexit covid basket case U.K. is a disaster that had destroyed the ftse 350, then I see something that just looks cheap on most metrics, like pru, but guess what, it still keeps tanking, I need to learn my lesson, no more U.K. stocks, ever.

[boadicea] 01/10/2020 18:30

It's probably a bit late for comment on the above posts now, but I have had simiular issues with Perseus shares. Some were with Barclays and I don't know what exactly happened but they seem to have disappeared. They should have been transferred to an issuer sponsored holding with Computershare Australia. Others were originally with Selftrade (now Equiniti) and were transferred in an ISA to Hargreaves Lansdown and after delisting from London ended up as DI's on the Toronto register where they are still held satisfactorily by HL. If your certificate is for a DI on the Toronto exchange, HL might possibly help you. If it is Australian, TD Direct would do it but others may be cheaper. Try reading this link - HTTPS://uk.finance.yahoo.com/news/guide-investing-australian-stocks-182812854.html Interestingly, although it is not "listed", there is spasmodic trading in London under the code 0TXW (you can look at historic trades on the ADVFN 'trades' page although the 'quote' page is not updated. Last trades were yesterday (30th Sept). I suspect this may be connected with stock transfers between ASX and TSX.

[churchill2] 12/8/2020 08:48

I was premature in my optimism when I posted a couple of months ago. However the Pru is back to a new 2020 high and hopefully we can move on from here. Reading the transcript of the presentation numbers yesterday I was impressed with the way they did not pull any punches. Hong Kong is a problem and the disposal of Jackson in the current outlook will not be easy. On the other hand the change in working practices in Asia to accommodate the Pandemic has seen Management striving for solutions with some success. All in all very encouraging.

[goldrush] 11/6/2020 09:57

Did you get this resolved robbo ? They have been incredibly strong and I hope you held onto them as $1.50 looks likely this year and any further gold price increase from here will push them up further. They have just done a deal to take over Exore which ensures 500k oz production profile in 2023 onwards.

[churchill2] 05/6/2020 20:02

That was some week. Over 20% increase. Prudential and MNG are nearly back to the demerger share prices of 1286p and 220p. As of tonight PRU closed at 1264p and MNG 165p plus 36p of dividends paid out. With the headwinds of riots in Hong Kong prior to Coronavirus and further national security legislation from the Chinese Communist Party that shows a fair bit of resilience. The question is how dangerous is the latest interference from Beijing especially with the USA/China relationship deteriorating rapidly. On the other hand the Pru is in partnership with a Chinese bank and does seem to have a good relationship with the Chinese authorities but HK is so vital. Plenty to think about this weekend.

[cordwainer] 05/6/2020 16:35

.. or it may only take a relatively painless redistribution of personal wealth to reboot economies, been closing in on tipping point for several years imho dyor.

[buywell3] 30/5/2020 07:47

Having previously predicted falls on here of PRU and a bear coming 700p is now IMO a chart possibility in another USA downleg Hong Kongers are now scrambling to get out and live elsewhere ============ Why buywell has had a downer on Financials for years ============ The amount of monies pumped into holding up economies since the credit crunch have rung alarms. Most banks have not got enough cash to cope with the Covid world depression which many seasoned veterans think will be akin to the last Great Depression , which lasted years and dropped markets circa 90 per cent. Most countries won't have enough cash resources and even most major financial institutions such as the EMF for example. We have just seen the US Treasury give the FED over $425 Billion . It did so in the knowledge that the FED would leverage this money by 10 to $ 4 Trillion to keep the USA lights on. Talk of a stimulus does not cut it with buywell This money is a sticking plaster. hTtps://www.nytimes.com/2020/03/26/business/economy/fed-coronavirus-stimulus.html -------------------------------------------------------------------------------- But ALL countries in the world will be wanting money , and the only Institution which is funded to cope is the IMF with a $ 1 Trillion pot. But even that has only so much and then the well runs dry A $ Trillion goes nowhere these days , so what happens then ? Well last chance saloon will be SDR's issued by the IMF AND they are currently being discussed with the intention of using them in quantity. They have been used before buywell googled SDR's will they save the world ? Having looked into them and their creation and value , buywell thinks not Just not enough to go around in an over populated world to save everybody. And their value like paper printed money is an illusion based upon a promise. hTtps://mises.org/power-market/can-special-drawing-rights-save-world also read hTtps://www.brookings.edu/blog/future-development/2020/03/26/imf-special-drawing-rights-a-key-tool-for-attacking-a-covid-19-financial-fallout-in-developing-countries/ IMO dyor

[rimau1] 29/5/2020 14:24

Anything below £10 would be a great long term buy, just waiting for the Donald to poke the hornets nest and a limit buy of £9.80 is set but i doubt it will get there. I think the US business is in for free at this valuation and a safe secure 3%+ yield thrown in. Way too much regulatory capital being held so looking good.

[essentialinvestor] 28/5/2020 10:19

May an interesting further buying opportunity within the next month or so?. US China tensions ratcheting up over HK, PRU's most profitable market.

[buywell3] 22/5/2020 08:22

IMO Choosing the right sector is key to investing FTSE 350 Banks -3.93% FTSE 350 Life Assurance -4.63%

[mr euro] 07/5/2020 08:17

Can somebody paste the IC article from yesterday please.

[rik shaw] 29/4/2020 14:41

Listed in the 'financials' tab at the top of this page. htTps://uk.advfn.com/p.php?pid=financials&symbol=LSE%3APRU