Prudential Share Discussion Threads

[sigmund freud] 26/3/2025 20:37:18

hl says that divvy is covered 3.88*. i can't find cover on advfn.
plenty of scope for more in future

not doing too bad at all here suet, apart from a big hit in novo, but no one talks about that thank heaven. best wishes to you too.

[m w] 26/3/2025 19:45:59

Ex dividend tomorrow

[suetballs] 26/3/2025 07:41:52

Reasonable Sigmund - uk banks and hsbc shine out as do defence companies. But like everyone I have holdings that have not done so well.
Hopefully my winners will continue to outpace my losers for the remainder of the year.
Good luck.
Suet

[sigmund freud] 25/3/2025 17:20:52

am i right in thinking you are having a good year in the market so far, suet?

[philanderer] 25/3/2025 10:12:31

Barclays cuts Prudential price target to 1,130 (1,190) pence - 'overweight'

[philanderer] 24/3/2025 19:41:50

Yes, in for a few this morning.

Luck to all.

[suetballs] 24/3/2025 10:44:33

This is rising nicely from the £6 low.
Looks like pru is back on the radar.
Suet

[sigmund freud] 24/3/2025 09:22:04

1jat- that is exactly why it is one of my big long term holdings. along with stan and hsbc. the world is changing. pm's and their miners make up my royal flush

[1jat] 23/3/2025 07:50:55

Sigmund
FYI the 3m trading volume averages are:
London 8m
NY 2m (ADS is worth 2 shares)
HK 145k

A long term objective is to raise the Asian shareholder base, while many will be able to trade in the US and UK, another indicator will be the HK volume which is currently irrelevant.

It may take a while, but a move of the primary listing to HK would be logical for what is predominantly an Asian business.

[davius] 22/3/2025 09:42:53

The last part of an II article comparing M&G and Pru:

Prudential has firmer credentials as all-round recovery share

Pru’s 2024 income statement benefits from a near-50% positive swing in the net finance expense from insurance contracts, but performance-wise, its insurance service result rose 10% and the net investment result by 22%, with reported net profit up 41% to $2,415 million (£1.865 million) and earnings per share by 36%.

While $600 million or so is being paid out in respect of 2024 dividends, $785 million was “returned̶1; so to speak last year as part of a $2 billion share buyback programme which continues. Moreover, net cash from operations soared from $832 million to $3,609 million. Buybacks tempered growth in year-end cash to 21% to $5,772 million.

If compromises can be found on US tariffs – which could take a lot more pain by way of US economic data, to force the current breed of Republicans out their “Make American Great Again” dogma – then Prudential currently looks the best-placed of the London-listed insurance/investment giants.

But if the US administration stays stubborn, mind the risk of how “developing markets”, lately a plus point for Prudential, could turn negatively for the medium term. Repeatedly over decades, “emerging markets” get promoted as resilient to a downturn then get hit in a wider one, hence the adage about how “you cannot escape in an emergency”. This, I believe, is the essential hinge in Prudential’s risk/reward profile, and that financial market volatility remains a key factor.

Overall, and despite my missing the recent rally, at around 785p today I rate Prudential a “buy” for total long-term return.

[sigmund freud] 20/3/2025 18:59:04

my second biggest holding, i am pleased to say. have been buying heavily since i thought the share price made a double bottom. i would like to have seen a more positive new funds flow but the market seems to have taken that without problems.

the short term target for a double bottom is 840p (red line), which does co-incide with a resistance level. getting above that will be key. then you might really start seeing some action!

currently i think the share price is deciding how quickly it wants to go up.

what this chart does seem to show best is that horrible downtrend starting in early 2023 has now been broken. i would like to see the share price rising on a bigger volume, this would give me more confidence. perhaps pru has just got so unloved that everyone still thinks it is a dog and haven't got on board as yet.
the section at the bottom is the on balance volume. if rising out of a flat zone, that gives confidence of a new uptrend being in place.


free stock charts from uk.advfn.com

[hollcat] 20/3/2025 12:24:58

Great results - cheap as chips - piling in at this price!

[panache1] 20/3/2025 06:49:04

I believe the shares are currently flat in Hong Kong atm ?

[davius] 20/3/2025 05:37:26

I wonder what this is worth?

"We have also announced that we are evaluating a potential listing of ICICI Prudential Asset Management Company Limited involving the partial divestment of our shares in that company, subject to market conditions, requisite approvals and other considerations. It is intended that following the completion of such a divestment, the net proceeds would be returned to shareholders."

[davius] 20/3/2025 05:35:55

Looking reasonable.


Performance highlights on a constant exchange rate basis unless otherwise stated

All new business profit growth rates in this report are reported on a constant exchange rate basis, and excluding interest rate and other economic movements, unless otherwise stated.

New business profit of $3,078 million, up 11 per cent. Including the effects of interest rates and other economic movements, new business profit was broadly flat. TEV new business profit also up 11 per cent.

Operating free surplus generated from in-force insurance and asset management business of $2,642 million (2023: $2,706 million) was in line with the shape of free surplus generation we set out from 2022 to 2027. We continue to invest in improving our operating model, to build capabilities and create value, including through addressing variances.

Adjusted operating profit before tax increased 10 per cent to $3,129 million. Adjusted operating profit after tax increased by 7 per cent to $2,582 million. Earnings per share based on adjusted operating profit was 89.7 cents per share, representing an increase of 8 per cent on a consistent basis with 2023 (before the adjustment in respect of the non-controlling interest in our Malaysia conventional life business).

Group EEV equity of $44.2 billion (2023: $45.3 billion on an actual exchange rate basis) equivalent to 1,664 cents per share (2023: 1,643 cents per share on an actual exchange rate basis).

Strong capital position with free surplus ratio of 234 per cent and GWS shareholder surplus over GPCR of $15.9 billion, equivalent to a cover ratio of 280 per cent. Allowing for the share buyback programme completion, payment of the 2024 second interim dividend and the commencement of the new bancassurance arrangement in Indonesia, the free surplus ratio would be 204 per cent.

Completed $1,045 million (123 million shares) in share buybacks as at 14 March under our $2 billion programme announced in June 2024. This programme is now expected to complete by the end of 2025 rather than our original guidance of mid-2026.

2024 total dividend of 23.13 cents per share, up 13 per cent, with 2024 second interim dividend of 16.29 cents per share. Including share buybacks total shareholder returns in FY24 were $1.4 billion.

[panache1] 20/3/2025 02:55:53

New business growth in line with expectations at 11 per cent

[sigmund freud] 19/3/2025 08:15:29

thanks 1jat
good tip re overseas listings, i should have known that!
fx really screws up my brain
i think the results are posted after the us market closes tonight?

[1jat] 19/3/2025 06:23:52

Sigmund, the £ does not affect their profits/expectations which are now reported in USD.
HK$ is pegged against theUSD and many others try to manage the exchange rate in smaller bands. However Trump (and localLY) induced volatility is a threat. Indonesia has been suffering this week.

It does of course affect the GBP dividend and the London share price. You can always look at the US ADS (PUK) or the HK (2378) quotes to strip out the exchange rate effect.

Looking forward to some good results in less than an hour

[sigmund freud] 18/3/2025 20:19:15

thanks wad
very happy with my position in this company and very positive recent share price action. good times ahead. if there is a pop up tomorrow/thurs, pru will get a lot of investor attention because downtrend would clearly have ended with a very strong 3 month bounce. has exposure to the right markets atm.
my only doubt re the results is that gbp has been strengthening over the last 3 months and this might cause a dip in q4 profits compared to expectations. unless it has been hedged to advantage.
needless to say, gbp will crater at some point and leave space for bigger profits in the future.
so heads i win, tails i win. just a matter of timing. i hope!!!

[wad collector] 16/3/2025 10:14:42

Finals Wednesday. Though as at 2200 , effectively Thursday from our viewpoint.

[sigmund freud] 03/3/2025 16:25:10

currently 740p
has made a clear break above 720p which i made out as the base for a double bottom.
840p is the first target if the floor was around 600p. current share price is just deciding how quickly the uptrend is going to be.
don't think people can really believe it has stopped going down, but there seems reasonable charting evidence for a change in trend to upwards is in place.
if the price doesn't make sense, buy!!
once the share price is trending upwards, the buybacks leverage the eps growth%, so when the next results come in everyone gets excited by the numbers without working out how it happened. and that is when the fun starts.
my second biggest holding after stan. bb's have done wonders for that!

[1jat] 16/2/2025 18:04:27

Well maybe it is just an exercise to show there are gems hidden in plain sight and the share price should be higher.

[philanderer] 13/2/2025 23:37:54

EI, it doesn't make much sense to me either.

[essentialinvestor] 13/2/2025 19:09:28

Why cut part of your exposure to the world's most populas country with a rapidly increasing middle class.

Is this a sign of weakness, rather than strength..?.

A measure to help prop up an ailing share price, perhaps.