Prudential Share Discussion Threads

[topvest] 24/4/2010 17:10

£1, £4, £5 whatever, point remains that they are giving PRU paper away at this price and severely damaging shareholders' wealth by issuing shares at an undervalue to buy something relatively much more expensive. If PRU were bid for they would get £7-8 minimum. How long will it take to get the price back to that x-rights. Buffet, if he had a view, would be highly critical on this I suspect, as he was on Kraft/Cadbury which was not nearly so value destructive.
I don't hold, but watch with interest.

[royalt] 23/4/2010 16:50

Lansdowne Partners have doubled their short position as of yesterday...Think they might have done yesterdays damage.

And the day before was a tag team between Lansdowne and Mason Partners..

Shorts interest is starting to build up nicely now...and with buyers scarce on the ground I wouldnt be surprised to see it freefall next week..

[jon827] 23/4/2010 16:05

420 would be nice :-)

[witheld] 23/4/2010 15:38

420 was mentioned on another forum... again all whispers.

[jon827] 23/4/2010 14:24

I think they will struggle getting the worlds largest rights issue off at 540 if that's the whisper number

[royalt] 23/4/2010 08:53

witheld - It would be nice if the price reflected the circumstances :)

[jon827] 23/4/2010 08:40

also china may not be the second coming every one thinks it is

[grahamite2] 23/4/2010 07:34

Funny, looking at today's RNSs I formed exactly the opposite conclusion. Steering clear.

[garry14] 23/4/2010 07:20

looks like this is a good shorter guys

[grahamite2] 22/4/2010 19:16

Not much point in wishful thinking. You've got to deal with things as they are and that includes accepting that where there is a rights issue, the share price will tend towards the RI price; and that when the RI is absolutely gigantic, there needs to be a substantial discount.

All that is before even considering the possibility they might be overpaying.

[witheld] 22/4/2010 18:41

Wouldn't it be nice if both of them got burnt ;)

[royalt] 22/4/2010 15:59

Mason Capital Management has been shorting Pru. Landsdowne have added further to their short position..

[witheld] 22/4/2010 12:29

They are targetting particular large investers in Singapore ...

[royalt] 22/4/2010 12:22

They want to list in Singapore as well...Getting a bit desperate are they not...Do they not think they will be able to raise enough from UK and HK that they need to go for Singapore too?

[royalt] 22/4/2010 10:52

Good stuff Jonn01...

This dog should continue to get hammered in the coming days.

[jonno1] 22/4/2010 10:47

got some SW74 yesterday

[jon827] 22/4/2010 10:34

and the rest, you crooked banksters

[royalt] 21/4/2010 16:13

witheld..

The market has become rational again...Details of the rights issue are to be announced soon...You aint seen anything yet.. It should never have gotten back up towards pre-rights annoucement price, considering the companies actions... 500p is the 1st stop. End of next week, i'll see you all there :)

[witheld] 21/4/2010 16:09

Any idea why this has dropped all of a sudden.... seeemed to be holding up well until now despite all the recent news?

What's changed this afternoon?

[jon827] 21/4/2010 16:03

Bloody brunch of crooks, all of em :-)

[jon827] 21/4/2010 15:35

Maybe someone just heard a whisper!

[grahamite2] 20/4/2010 09:15

After my great bit of luck - I freely admit it - being short over 'the' weekend, I have left this alone, scarcely even looked at it. But the reason for the crash that Monday still holds. This will be a colossal rights issue and it will need to be discounted.

That the price should have got back virtually to the pre-announcement level shows the market's current irrational exuberance.

[l.parker] 20/4/2010 09:05

Lets hope Lansdowne gets kick up the backside. As the trend has been upwards
for the past few weeks & all the shouting shorters have come unstuck,long
may it be.