Prudential Share Discussion Threads

[diku] 17/5/2010 13:51

Probably..long awaited timetable for RI due very shortly...

[aussiedonnie] 17/5/2010 11:22

When do you think it will go ex rights (mid june)?

[diku] 17/5/2010 10:55

Trading opportunity will come after ex rights for medium term holders...

[jussyman] 17/5/2010 10:31

shouldn't this of tanked this am

[jon827] 13/5/2010 10:03

Some people with knowledge of the situation were hopeful that the approval would not take more than 24 hours, meaning there was a chance that the rights issue could be launched on Friday.

[mike24] 13/5/2010 08:45

not so sure now, hedgies might get shafted,

[redmarauder] 13/5/2010 08:32

The market has not fully appreciated the financial death wish the CEO of this company seems to have, and he certainly has not learned the lessons of RBS (RBS) / ABN Amro etc. Shorted with a price target of £4.50 in the next 3 months. Easy money.

[jonals] 10/5/2010 17:57

lol Beardmore. The thing that really put me off and made me sell was his McKinsey background. Didn't even get as far as the French bit. Noticed that the man in charge of integration is ex-consultant (McKinsey?) too and with little experience. I'll be back in with you!

[beardmore] 10/5/2010 17:08

Uppompeii is right - AVIVA has been wrecked by incompetent management. Now it seems to be PRU's turn. How anyone ever thought that Tidjane Thiam is an asset is beyond me. He is French-speaking, French-thinking and French-trained - I regret that I can see nothing other than arrogance on his face. Like most French managers he believes in ""Grands Projets"" and this plan to 'transform' a British company is enormous - in fact so big, he can't handle it. He skipped away from his country just as it fell to a coup and then brought his magic(!!) touch to AVIVA. The sooner he leaves the PRU alone the better. I'll be 'long' PRU on the day of his resignation.

[hadrock] 08/5/2010 21:58

no doubt Thiam will soon be back on phone to SocGen

[uppompeii] 08/5/2010 20:52

Topvest - at least you have some value at the moment ! Look at how Aviva has been trashed by incompetent management

[bleepy] 08/5/2010 18:56

INVESTOR CALLS FOR THE HEAD OF PRU CHIEF

The managing director of Neptune Investment Management and Prudential shareholder Robin Geffen has begun a campaign to oust the insurer's chief executive Tidjane Thiam from his post. Geffen is displeased with Thiam's bungled attempts to acquire the Asian subsidiary of U.S. insurer AIG and any subsequent implications for Prudential's UK business. He is creating the "Prudential Action Group", which hopes to gain the 10 percent of support amongst investors necessary for a special resolution of no confidence in Thiam at a May 27 meeting.

[topvest] 08/5/2010 15:24

See in the FT earlier this week that this shambolic rights issue was a 1 for 4 offer at 140p, or a 40% discount to an ex-rights price of 230p.

Just how many years will it take to get back the original shareholder value that has been trashed. Just how can the Board approve such a stupid deal?!

Buffet has said that you can't buy expensive companies using cheap paper without hurting shareholders and he is correct!

[bob f2] 08/5/2010 08:06

Is the AIA takeover on or off??????????

[lyntwyn] 05/5/2010 09:17

FSA blocks Pru's $35bn buyout plan of AIA
'Shambolic' delay to rights issue publication puts British insurer's huge Asian expansion deal at risk

[hadrock] 05/5/2010 08:41

The organisation of this transaction is all over the place - how come the FSA had to make a last minute intervention? Shambles

[jonno1] 05/5/2010 08:29

I heard on the radio that the deal was being blocked, no?

[royalt] 05/5/2010 08:21

How is this bullish? They have just come out and said they are 100% committed to the deal. Thus denying rumours of PRU pulling out of the deal. They will complete as according to the timescales they initially set out..

This will get hammered today...

[jonno1] 05/5/2010 08:13

shouldn't this be bullish news, not that I'm complaining as I am short?

[grahamite2] 05/5/2010 07:43

Where's the announcement then?

[jusmasel99] 04/5/2010 13:51

Did anyone learn a lesson from RBS when they bought ABN AMRO or has Fred Goodwin joined the Pru board? If its such a great deal then why are AIG selling? AIG want to bolster their balance sheet by getting rid of a brick. In times of uncertainty stick to what you know best rather than pander to the whims of an attention seeking CEO who wants to live in Hong Kong.

[jon827] 02/5/2010 17:20

so its heading to 230 then!

[topvest] 02/5/2010 16:32

This is a disastrous move by the PRU in my opinion. What's wrong with their existing business...hasn't it served them well for a few hundred years?

[zho] 02/5/2010 10:12

From The Sunday Times

May 2, 2010



Pru in shock exit from UK and US

Prudential is working on radical plans to sell off its British and American businesses in a move that would raise more than Pounds 10billion.