Prudential Share Discussion Threads

[dmf] 05/3/2010 12:50

The slide is set to continue.................

[darias] 05/3/2010 09:24

We are in

The slide appears to be overdone and there is likely to be the opportunity shortly to buy cheap stock in a placing.

Remember AIG is going to be bought in a fire sale.

[dmf] 04/3/2010 21:48

Broker snap: Aviva preferred to Pru

[tymedici] 04/3/2010 21:13

......as Mandy Rice-Davies said, "Well he would wouldn't he".....

[dmf] 04/3/2010 21:08

Europe is the place to be, says happy Aviva

[masurenguy] 04/3/2010 13:55

The chief executive of Aviva has insisted Europe is the most attractive insurance market as he described Prudential's move for AIG's Asian business as "audacious".

[dmf] 03/3/2010 22:17

Prudential's bid for AIG's Asian assets seems less than prudent

[royalt] 03/3/2010 16:46

I like the title of this thread...

Could PRU be the next AIG...LOL!

[whatsssthis] 03/3/2010 16:35

Over recent years practically the entire UK chemical, steel, investment-banking and utility industries have been sold out to foreign buyers. So it's great to see a British company going some way to redress the balance.

Let's hope that this marks the turning point of the great UK plc sell off...

[royalt] 03/3/2010 16:23

This is getting dumped again,,,

[tymedici] 03/3/2010 15:34

..As someone pointed out earlier, Lloyds RI was put together specifically to keep the government away and to improve the balance sheet...this RI by Prudential is to buy another business. Depends on whether you like the business proposal or not..

[sm8] 03/3/2010 13:49

I say 350p ex rights, then i will buy.

Seeing recent ri done by lloy, rbs etc i believe it is best to buy after the ri.

[sidarthur2] 03/3/2010 13:31

Distinct lack of comment here.
Judging by the buying/selling
I thought there would be some banter

chers
sid

[masurenguy] 03/3/2010 13:20

Pressure grows on Prudential boss as jittery investors dump shares

Prudential has lost a fifth of its stock market value in just two days as Britain's biggest insurer battles to convince UK investors to pay up for its $35.5 billion Asian expansion. Yesterday's 42½p drop in the share price means that £3 billion has been wiped off the Pru's market value since Monday, when it stood at £15.3 billion.

Three top-20 shareholders said they were seriously questioning whether to subscribe to its record-breaking $21 billion rights issue, a crucial part of the financing for the deal. Investors also complained about the three months it would take to complete the issue, saying that it left the company and existing shareholders vulnerable to speculators seeking to profit from a collapse in the share price. One large investor, who is unlikely to support the rights issue and may even have quit the share register by the time the deal completes, said: "This has been astonishingly badly handled. The Pru has overpaid and is paying away a lot of the growth prospects. The timing is a concern, with signs that China is slowing. This is going to be hard to justify for us. It clearly makes sense to buy into Asia over the next 10 to 20 years, but not if we don't start getting the benefits until year seven."

[debbiegee] 03/3/2010 10:15

Results were out 1st March ?
I would like to buy but still thinking there will be plenty of better chances.
Still think shorters about wouldnt be surprised to see them jump in at 500 again.

[sidarthur2] 03/3/2010 09:54

when everyone else is selling i tend to buy and here i am!!

cheers
sid

[noon] 03/3/2010 09:07

SID- difficult to say but say 35-40% premium,

one way to gamble is to buy out of money calls.

[jon827] 03/3/2010 09:03

465 will be first support

[sidarthur2] 03/3/2010 09:00

and at what price would you speculate?

cheers
sid

[noon] 03/3/2010 08:52

remember, nat west tried to take over legal and general, eventually nat west was over taken by royal bank of scotland, 'cause nat west price dropped so much and became a target.

it could happen to PRU.

Rumour is AVIVA and RESOLUTION could bid for PRU.

[alanrex] 03/3/2010 08:46

i agree with the 450 or so. my point is more that a rights issue in itself should not force the price down. its the other factors that are important (at least thats what they taught me!)

all imo dyor

[grahamite2] 03/3/2010 08:42

My 450 is a very broad brush theoretical ex rights price. I expect the rights issue itself to be priced considerably lower.

[alanrex] 03/3/2010 08:32

well strictly speaking the post rights price should reflect the benefit of owning the rights. i.e of course there is a discount but the discount is given to existing shareholders and if they choose not to take it up then they then have the rights itself to sell. so the price falling is not so simple. (its simple maths of having shares at 500p for example plus the right to buy a discounted share at 300p say. assuming 1 for 1, then then average price post rights should be 400p..)

[grahamite2] 03/3/2010 08:30

I don't know which is more bizarre, forecasting the RI at 140 or a straight bounce to 600. Neither remotely in the realms of reality. I tend to agree with smurfy that 450 is the inevitable destination.