Prudential Share Discussion Threads

[umitw] 19/3/2009 07:37

Cantor Index, D Buik says PRU will open @ 259p

[septemberclues] 19/3/2009 07:13

doubt it i bought in yesterday..maestro is jynxed...could have been a millionaire but blew it!

[togglebrush] 19/3/2009 07:13

Overview from RNS

PRUDENTIAL PLC DELIVERS VERY STRONG 2008 FULL YEAR RESULTS


Embedded Value:
* EEV Operating Profit of GBP2,961 million up 17%
* New Business Profit of GBP1,307 million up 8%
* Asset management operating profit up 3% to GBP345 million
* EEV Shareholders' funds up 2% to GBP15.0 billion
* Net asset value per share GBP5.99 (2007: GBP5.91)
* Return on Embedded Value of 15.0% (2007: 15.4%)

IFRS:
* IFRS statutory operating profit of GBP1,347 million up 12%
* IFRS Shareholders' funds of GBP5.1 billion (2007: GBP6.1 billion)
* Net asset value per share GBP2.03 (2007: GBP2.45)

Capital & Cash:
* Robust IGD capital surplus estimated at GBP1.7 billion (2007: GBP1.9 billion),
GBP2.5 billion on completion of transfer of Taiwan agency business
* Holding Company cash flow positive at GBP54 million
* 2008 full year dividend increased by 5% to 18.90 pence per share

[taffee] 19/3/2009 07:12

If the market recovers then this will be 600p in no time

[umitw] 19/3/2009 07:06

Very good news on a positive FTSE opening.In fact, it is remarkable under the difficult financial environment.IMO

[taffee] 19/3/2009 07:04

results to me look good, no doubt the spin will ignore the operating performance and concentrate on the write downs

dividend increased

[umitw] 19/3/2009 06:38

It is a positive morning. Be positive.

[smartypants] 18/3/2009 21:52

septemberclues
What will happen to your stop when/if they open up marked down 20%
Just venting a little...ignor me...wait see what happens in morning

[septemberclues] 18/3/2009 21:45

why be screwed when you can put a guaranteed stop 6 pts away...why not hedge either way?

[smartypants] 18/3/2009 21:32

umitw
Its not that I am expecting negative news
I am expecting that it will get hammered no mater what the news....as is now the norm !
I just hope that it isn't more than 10%, which I can survive...maybe 15%
20%...30% and I will be screwed....again
It was shorted to death today, only a few closed out in to the close
I want to be wrong

Aviva : "Operating profit was up 10% at GBP3.36 billion on an MCEV basis and up 4% at GBP2.3 billion on an IFRS basis. Both were higher than average forecasts.

"Solid, largely inline and no nasty surprises makes these a solid set of figures, but the shares are likely to continue to be driven by market uncertainty in the short term," said Panmure Gordon analyst Barrie Cornes, who kept his hold rating and target price of 330 pence on the stock. "

[umitw] 18/3/2009 21:08

I think every one expects a negative news from PRU. I hope it is going to come up with a surprising news tomorrow morning.

[ogeretla] 18/3/2009 19:05

Ah, indeed it's not - "Prudential plc is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America."

A pity, as a 20% rise would have been nice this side of the pond too.

[pjw956] 18/3/2009 18:51

no pru in usa is NOT related...

[septemberclues] 18/3/2009 18:28

lloyds rocketing too 3/18/2009 2:26:48 PM Market Open
NASDAQ Last Sale
2.89 0.11 3.96%

[ogeretla] 18/3/2009 18:26

Ah, I just noticed the DOW jumped +150 in the space of a few minutes.

[septemberclues] 18/3/2009 18:26

yes they are related...looks like a big blue day tomoro

[ogeretla] 18/3/2009 18:23

Does LSE:PRU have any relation to NYSE:PRU ? Because as far as I could tell, up until a day or 2 back the share graphs were very similar... And at the moment, NYSE:PRU has rocketed +17% today (especially in the last 10 mins).

[septemberclues] 18/3/2009 17:49

i bought in today at 245p sold at 254p...then bought back at 252p with a free bet and a tight stop loss...not bothered if it crashes because barclays will pick up the bill

[umitw] 18/3/2009 17:07

STD life had a rise on the announcement of a loss!
It all depends how they present the exceptional IMO.
I think some of the fall is due to the heavy regulation being introduced to the insurance and banking industry.

[smartypants] 18/3/2009 16:48

umitw
I can not remember the last company that reported a good set of results and had a price rise on the day, never mind a not so good report ?
How much did Aviva fall....???...was it 33% ?
Have Friends Prov gone up or DOWN ?
So what is 252p less 33% ?.....Wipe out for me !

[ogeretla] 18/3/2009 16:12

See what you mean - very similar chart. So these are the estimates/guesses for tomorrow ? EEV profit but net loss. Last time I saw analyst estimates (think it was OML) they were way off - they were too high ! Having said that, the OML price has recovered a bit since then. Wonder if the PRU estimates are also way too high, i.e. maybe EEV loss as well as net loss ? £478M loss for 1st half.


EARNINGS PREVIEW: Prudential '08 EEV Operating Profit Seen +0.8%

Prudential PLC (PRU.LN): 2008 Earnings Figures
Due: March 19 at 0700 GMT
Company Survey of 15 Analysts
Average EEV Pretax Operating Profit: GBP2.56B, up 0.8% (GBP2.54B in 2007)


Note: European Embedded Value operating profit seen supported in part by better sales in Asia, especially of health-related insurance products, says ING analyst Kevin Ryan. However, company seen swinging to net loss on soured investments; has already posted net loss of GBP475M for 1H '08. Focus on dividend policy, capital position, sales outlook and interest in American International Group's assets in Asia. (VDG)


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[umitw] 18/3/2009 16:12

End of day short closing!

[umitw] 18/3/2009 15:00

I think PRU is tracking FTSE today

[umitw] 18/3/2009 14:56

smartypants, why are you so sure that the share price will fall 10% tomorrow?
Do you know something that we don't?
Please share it with us!

[smartypants] 18/3/2009 14:48

matrixtrader
What have the figs/numbers got to do with any thing ?
The only thing that will change the rate of the fall will be if the or realy bad...then they will fall even quicker.
Down at least 10% tomorrow no mater what the results say