Prudential Share Discussion Threads

[taffee] 28/2/2010 08:20

350p I would suggest for it to be fully underwritten

[abcposter] 28/2/2010 02:09

This bid will not be good news for the share price! Most likely to be a 2 for 1 Rights Issue at £3 to raise £15bn, so this would give a theoretical ex rights price of about £4. Would expect to see a huge drop on the Monday open for Pru, and also a big negative carry over drop for Aviva and the rest of the UK Insurance Sector.

[grahamite2] 28/2/2010 00:47

smurfy, I'm trying not to get too excited. But yes, while I don't expect any issue to be anywhere near as deeply discounted as the banks have had to do recently, 30% or so might even be optimistic.

[smurfy2001] 28/2/2010 00:36

£5? I would say much lower.

[damanko] 28/2/2010 00:12

In which case, as you're short, you'll be quite happy.

Though you might give some thought to Randy Newman's song of, what - about 1978?

This, of course, relates to your post 788, in which you wrote: "I am short."; and is about short people:

They got little hands
And little eyes
And they walk around
Tellin' great big lies

Funny stuff, music.

[grahamite2] 27/2/2010 23:50

If there's anything to the story.....£15bn is equal to the current market cap. What sort of discount to market would they have to give to get that away? It might even come in well below £5.

[grahamite2] 27/2/2010 23:43

I am short.

[smurfy2001] 27/2/2010 20:54

Rights issue could be *huge*.

Looking like this is going to be a cracker of a short..

[grahamite2] 27/2/2010 19:06

So PRU could indeed be the next AIG!

I can't see this being taken at all well, especially as the deal is extremely large and there is talk of a rights issue.

[grahamite2] 16/2/2010 09:11

Nice start. Can see £6+ soon.

[l.parker] 05/2/2010 14:11

So your going to get out of market,are you? Does dfna stand for "do'nt no
f--k all".

[dnfa1975] 05/2/2010 12:31

Should markets pass the same verdict on Britain as on Greece, the results would be almost identical - and just as disastrous, says Edmund Conway.


=============

If this comes to the U.K, expect a 1400 point correction down through 4k

[grahamite2] 28/1/2010 08:31

Extraordinarily quiet board, considering this is a very good trading stock. A friend put me on to it and I've been very glad.

[witheld] 20/1/2010 09:36

Upgraded to a 'buy' by Goldmans..

[merrifieldscross] 30/12/2009 16:35

yipppeeeee :)

[merrifieldscross] 30/12/2009 16:06

In the opinions of me charts PRU should drop another 10p tommorrow...

[merrifieldscross] 30/12/2009 14:36

when charting there are no 'if's' in the equation - just when I feel like it :)

[merrifieldscross] 30/12/2009 14:17

18% profit in 24 hrs... - From Charting + Elliot Wave :)

[merrifieldscross] 30/12/2009 12:21

anyone else short on Prudential? - That's the REAL Prudential not any other share?


i.e some say it as it is and don't dupe on BB's...

[taffee] 05/12/2009 16:07

goodn plan....now its hard cash...you won...well done

[smurfy2001] 05/12/2009 16:04

taffee, PRU is not far off 2007 market highs. That's why l sold.

[taffee] 05/12/2009 08:55

with stocks and markets at 2006 levels it makes sense to bank at least half your money....end of!

[smurfy2001] 05/12/2009 00:51

I took profit today, %98 to be exact right into my ISA and tax free :-) So i've got a nice amount of cash with a slice ready to be invested in AV. which l feel has plenty of potential.


Prudential

643½p +6½p

Questor says TAKE PROFITS

The most difficult decision in investing is when to sell. It really is a tough call.

Investors can get emotionally attached to an investment and this clouds their judgment. However, the most important thing to remember is that it is better to sell shares too early than to sell too late. It is preferable to miss out on a last bit of profit than to see your gains wiped out by a sharp market fall.

Investors have been on a real roller-coaster ride over the past 12 months – the market collapsed almost 30pc at the start of the year. This was followed by one of the strongest and broadest rallies we have seen. The FTSE 100 is now up 52pc on its low on March 3.

Questor is sitting on significant profits in a number of shares and will be selling some of these holdings over the next few weeks. December is generally a positive month in the stock market and there is usually a "Santa Claus rally" which presents a good time to sell.

The outlook for 2010 remains uncertain. In fact, the sharp rally in global markets over the past six months actually means that downside risk has increased.

Last week the market snapped back into fear mode as debt problems in Dubai sparked worries that the contagion could spread to other markets. There could be other problems events like this in the offing next year so a cautious investment strategy focusing on defensive plays and dividends is vital.

Questor remains cautious on prospects for the global economy and the stock market in particular. There will be no recovery until unemployment in Western economies starts to fall and people get spending again. This is the key to everything. When people fear they may lose their jobs they do not spend. Bad debts at businesses are also likely to rise if unemployment remains high.

The US economy has lost more than 7m jobs since the recession began in December 2007. The country's unemployment rate in October was 10.2pc and a recent survey of economists by Bloomberg suggested that the rate could stay above 10pc through the first half of 2010. This is not a bullish sign.

In the UK, the unemployment rate stands at 7.8pc. Next year it is expected to rise. Chancellor Alistair Darling said last week that unemployment would continue to rise "for a while". In fact, many expect UK unemployment to continue to rise to the 3m level from its current 2.46m.

In Germany the unemployment rate is 7.7pc, in France is it 9.8pc and in Spain it is a staggering 17.9pc. The situation in all these countries is unlikely to improve until well into 2010.

Shares in Prudential were recommended on February 24 at 288¾p and are now up 123pc compared with a market up 35pc. Shares in insurance companies are highly exposed to movements in the stock market, so Questor feels that now would be a good time to take these profits.