Prudential Share Discussion Threads

[l.parker] 30/4/2010 09:38

Times: Analysts predicts Pru will report better than expected sales
for Ist Qtr . Today is another good day.

[witheld] 29/4/2010 16:51

Today was a good day :)

[sandbank] 28/4/2010 12:47

WHOOMPH!! I nearly jumped out of my skin.

Had the normally adroit - albeit three-legged - cat knocked something over?
Had the gas boiler exploded and taken half the house with it?
Had the North Koreans decided to get in their nuclear retaliation in first?

...er no. The cause of the crash was a mighty package shoved through the letterbox and thumping to the floor. ..Inside was the mighty Prudential Annual Report - all 356 pages of it. It weighed in at an incredible two and three quarter pounds (that's 200 kilograms or - I guess - about five tonnes). No wonder the postmen want a pay rise .

The report told me it was printed on 50% "post-consumer waste" - whatever that means.....Well - it's now on the way back where it came from - to the recycling plant - and I'm going underweight in PRU - pronto.

[witheld] 28/4/2010 09:44

Seems like this one wants to go up... Reckon on a good day this would have been up nicely.

[jonno1] 27/4/2010 09:38

closed my SW74 see what happens

[witheld] 27/4/2010 09:10

Prudential investor could scupper AIA deal-report:

[alanrex] 26/4/2010 21:18

extremely interesting article from peston from the bbc website on Pru...Definitely reading for anyone either long or short on this stock... I suspect you will not be disappointed..

[robertfaulkner] 25/4/2010 21:03

The way I see it, if Daily Mail is correct the Nil paid price when they start trading should be around 72p (TERP 184p minus the cost of buying each new "rights" share 112p).

Will they be a bargain at that price??????

Only time will tell.

[taffee] 25/4/2010 07:15

the reason to do it this way is to effectively force existing shareholders to take part

[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.