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Share Name Share Symbol Market Type Share ISIN Share Description
Prudential Plc LSE:PRU London Ordinary Share GB0007099541 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -8.00 -0.63% 1,257.00 1,263.00 1,264.00 1,285.00 1,262.00 1,278.00 8,245,733 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 7,068.0 1,449.3 22.8 55.4 32,800

Prudential Share Discussion Threads

Showing 1526 to 1550 of 2075 messages
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DateSubjectAuthorDiscuss
01/6/2010
11:30
It is an absolute. total disgrace when a board maniacally pursue a goal the humblest shareholder can see to be demented. Has nothing been learned from the ABN Amro affair?
grahamite2
01/6/2010
08:08
Yes, AIG "will not consider revisions to those terms". Should let the PRU shareprice bounce.
miata
01/6/2010
06:35
Looks like the deal is a dodo. Goodbye Thiam and McGrath
johnthornleigh3
30/5/2010
22:06
Pru shocked by poll on Asian deal The Prudential must secure a cut of more than 10pc in the price of its £24.5bn ($35.5bn) takeover of insurer AIG's Asian business if it is to win the support of major investors. Reports suggested that private polling done for the Pru revealed only around half of individual investors, many with small stakes, will support the move. Large institutional investors are understood to be even less likely to vote in favour of it, with just 30pc believing it is in the company's best interests. Not so prudent: Reports suggested that private polling done for the Pru revealed only around half of individual investors will support the move More... Pru chief in £3.4bn price cut This is Money: Market latest Only 56pc of Prudential's 10,000 largest individual shareholders are also thought to back the move. Tidjane Thiam, the Pru's chief executive, was in the US over the weekend to meet with shareholders. This included a visit to San Francisco on Friday for a showdown with capital Group, the Pru's biggest shareholder with a 13pc stake. it is believed capital told the beleaguered Pru chief it would back the deal if the price dropped to be tween £21.4bn and £22.1bn. A number of other big investors have also indicated they would support the takeover if the terms could be renegotiated. The US government owns 80pc of AiG and is thought to be determined to get the failed insurance giant off its books, but could baulk at the discount now being demanded by Thiam. A source said: 'if it gets to $30bn (£20.7bn) everybody will be pleased. if it gets to $31bn or $32bn then it's negotiable.' The UK insurer must secure the support of 75pc of investors at a special meeting on June 7 if the deal is to go ahead. But the deal has been dogged by shareholder disquiet over the hefty price tag, and a £14bn cash call that is part-financing the purchase. investor heavyweights F&C, BlackRock, capital and Legal & General have all voiced their misgivings about the current deal, forcing Thiam back to the negotiating table. The takeover would give the Pru around 30m customers in Asia and see the Asian operation become by far the group's biggest division - contributing around 60pc of new business profit. The US Treasury, which has a controlling interest in AiG, said it has not considered any other deal than the existing contract on the table. AiG believes that it has other options for its Asian arm, called AiA, if the Pru deal falls through. This could include floating the business, although this may not be so attractive in current volatile equity markets. A US Treasury spokesman said: 'We believe AiA is a valuable business for which there is significant interest.'
hadrock
30/5/2010
15:52
One has to say that the PRU board have lost ALL credibility!
topvest
30/5/2010
15:37
Oh dear... Pru wins backing for 10% off AIA http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article7140141.ece
royalt
30/5/2010
14:31
I am sure Pru investors will be delighted to have a CEO who was willing to pay $5billion more for a company than that company were willing to sell for. Even AIG state that an alternative strategy to get rid of AIA by way of an IPO was unlikely to raise more than $20billion.
jusmasel99
29/5/2010
12:51
Nice to see common sense prevailing. Why trash a perfectly good company with such a dilutive high risk strategy?
topvest
28/5/2010
12:18
F&C Asset Management, one of its biggest shareholders, said that it would vote against.
miata
28/5/2010
11:59
PRU attempting to re-negotiate price. "Mr Thiam certainly does not want to be remembered as the insurance industry's answer to Fred Goodwin. "
miata
28/5/2010
09:55
http://www.guardian.co.uk/business/2010/may/28/pru-shareholder-revolt-grows
miata
28/5/2010
06:39
A nice rise today to cash in on? wonder what the customers have to say, the life blood of the company the with profit policy holders think of us,, try "The Boot on Throat approach" to re negotiate, seems in flavour lately
mike24
27/5/2010
09:17
It would be possible for the deal to be called off and then anything would be possible. The chance of getting the necessary 75% shareholder approval seem slim to me.
miata
27/5/2010
08:56
Can anyone make sense with what is happening? According to the Times,many large holders of pru shares are not in agreement with the management, & want the Co to renew the terms of the offer,surely this would,nt possible, would it?
l.parker
25/5/2010
20:09
A great deal for shareholders then!...I'm not a holder, but if I was I wouldn't be happy at all.
topvest
25/5/2010
11:40
this will go to the offer price of 100p....soon only a matter of time...........
binladin
24/5/2010
07:09
A wright up by midas in the sunday mail yesterday anyone have the link. TIA
shrule
21/5/2010
08:17
Ta kunama, I was too focussed on the numbers of shares to look at the balancing of cash
betman
20/5/2010
17:59
Hi Betman You are forgetting to add in the price of the rights issue. If you add 11 x 104p * 50 (100/2) then your figures will work out fine.
kunama
20/5/2010
16:14
They are not yet ex-rights.
deanforester
20/5/2010
10:56
Normally I am very happy calculating theoretical ex rights prices ( my calcs on todays National Grid work fine )but it seems to be going wrong for me on PRU when rights were announced price was say 542p for every 100 shares held (value £542) , will get another 550 ( 100 *11/2 )so total 650 542 / 650 = 83.3p ( value £542) quoted figure was about 171.3 where have i messed up ?
betman
18/5/2010
20:41
I decided to bail out today. Haven't got enough cash in my ISA to fund the rights, and I'm not too sure about them going forward. Not many take-overs benefit the company taking over. Switched into BRE instead. It's not a life-co, but the yield is good, better than PRU, and it keeps me in the overall insurance sector.
deanforester
18/5/2010
20:40
Interesting article at http://www.financeasia.com/News/175004,prudential-prices-21-billion-rights-issue-at-39-discount.aspx Very long but an interesting snippet that my alter the arbitrage tactics in the rights period. Emperors new clothes???? According to a banker, the rights are expected to be actively traded, which should help ensure a large take-up of the issue. As announced earlier, the listing in Hong Kong, which is a dual primary listing, will be through introduction only, meaning Prudential will not issue any new shares. However, the three underwriters of the rights issue will act as liquidity providers to ensure that the demand from Hong Kong investors is met even if not that many existing shareholders chose to transfer their London-listed share to Hong Kong from the start. This will mainly be done by them short-selling the shares to Hong Kong investors during Hong Kong trading hours and then buying them back in London later in the day. Any potential profits or losses made from these transactions will be kept by the liquidity provider. The fact that this contingency is put in place suggests that the stock exchange is worried that the immediate demand will outweigh the supply to an extent that it might otherwise have pushed the price sharply higher. That happened when Asian Citrus listed through introduction late last year, and prompted the Hong Kong Exchanges and Clearing to call for a system that would ensure orderly trading.
kunama
18/5/2010
10:24
In fact if you bought these shares today and bought the rights issue, the breakeven share price would be £1.66 aprox.x rights.
jelenko
18/5/2010
10:15
would not touch this with bad money massive risk
stewart83
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