Prudential Share Discussion Threads

[matrixtrader] 18/3/2009 14:39

Just bought in for the figs tomorrow with a guaranteed stop if things disappoint!Good note out yesterday from Keefem Bruyette and Wood Ltds giving a 797p target price.If bears rush to close tomorrow on back of numbers that are not that bad these could have quite a spike up!He says wishfully!

[smartypants] 18/3/2009 14:19

It looks like even I can draw a straight line.
Is it possible that it is following my line...? Should I redraw it, and point it in the other direction ?

[crosswire] 18/3/2009 13:54

Fri 13 Mar 2009

LONDON (SHARECAST) - The life assurance sector has been regaining its poise after taking a knock following Aviva's results last week. Thursday's results from Prudential have the potential to stop the revival in its tracks if they fall below expectations.

New business performance in 2008 has generally been in line with market expectations and the focus is likely to be on the Pru's capital position, especially as the situation viz unrealised losses and write-downs deteriorated substantially in the fourth quarter.

[umitw] 18/3/2009 13:53

PRU is long term bullish!


free stock charts from www.advfn.com

[shammytime] 18/3/2009 13:53

Come on then guys, what do you expect the finishing price to be?

I'm clinging on to the hte hope that this is a pre-results short attack and price will recover to 260 come 4pm (same thing happened pre results with Aviva)

[umitw] 18/3/2009 13:46

smartypants you may be correct. But I am hoping it wont happen!LOL
At the moment MACD is turning to buy, but what do I know.
I had a SELL signal @ 263.5p I ignored it. This is life...!

[smartypants] 18/3/2009 13:21

Criminal !

The line on my chart says, be ready to say hello to 237p

Hope I have drawn it wrong ?

[shammytime] 18/3/2009 13:20

i think shorters will start closing their positions later in the day (i hope so anyway).

Decision time - bail out or stick. Seems to be in freefall at the moment... :(

[umitw] 18/3/2009 13:08

Looks like there is no good news for tomorrow!
Otherwise PRU would be going up today! Mind you FTSE is down 0.8%

[smartypants] 18/3/2009 13:05

I will assume that this is todays short play ??

[umitw] 18/3/2009 12:26

We should have bought VPC instead.LOL

[umitw] 18/3/2009 12:24

If you look at the intraday chart there may be a "W" formation coming soon, I hope! LOL

[shammytime] 18/3/2009 12:20

I'm in exactly the same position. Was thinking of cashing in but thought i'd hold for 270. Oh well... ;-)

[umitw] 18/3/2009 12:18

well, I was £250 in profit just now and it is all wiped off. LOL
But looking at the intraday chart, if it goes up to 263p again it will go up higher.IMO

[shammytime] 18/3/2009 12:07

umit, what's your take on this price movement?

[umitw] 18/3/2009 11:50

263p is the resistance on my daily chart so far, unless it changes & buyers come in later on!

[shammytime] 18/3/2009 11:47

To be honest, in this market charting and trends is the way to go. Fundamentals are out of the window for now. I'm looking for 270 by close of play today. Seems to be a bit sluggish at the moment.

[umitw] 18/3/2009 11:39

Thanks shammy. Just that I have not been watching the news, only the charts and the daily fluctuations.

[shammytime] 18/3/2009 11:17

umit, yes. No reason to suspect any nasty surprises...

The chart indicates a run to 270 within the hour

[umitw] 18/3/2009 10:43

Are you all hoping good results for tomorrow. I have just bought some?

[shammytime] 18/3/2009 09:46

I'm in - looking for a 275 finish today, then a bright opening first thing.

[uppompeii] 17/3/2009 18:44

One would have thought so. Didnt happen for AV. though, but then PRU aren't using the same reporting method.

[rvsy38] 17/3/2009 18:36

With UK and US banks in a more stable position, and presumably no nasty suprises after the 20 February sales update from the Pru, we should see some upward movement after the reults on 19 March, especially if the dividend is not slashed.

I am looking for an immediate move to 300p + --- does that seem reasonable ?

[rafieh] 16/3/2009 23:46

abc,
If you are right, you should be long Av. and short PRU regardless of what market is doing.

[abcposter] 16/3/2009 21:52

Aviva and Pru always used to follow a fairly consistent path up until a few weeks ago with Aviva usually having a market cap about 20% higher, and a share price 20% or 30% higher.

It was only three years ago that Aviva offered 0.82 shares for every Pru share, and even that was at a big premium to the market price of Pru.

Things have now gone quite mad though, and the share price of the two companies, both in exactly the same markets, have diverged by about 70% since the takeover bid.

Pru now has a market cap 33% higher than Aviva, a share price 40% higher, even though its profits are far less, its revenues are far less, its yield far less, its price to book ratio far higher etc.

Every ratio and indicator at these levels say Aviva is severely undervalued.

Sooner or later, any Aviva shorts will get seriously burnt.

Time to switch!