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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 1551 to 1569 of 2075 messages
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DateSubjectAuthorDiscuss
08/6/2010
08:01
inreality it 375m if u deduct c/t Oh, well that's all right then! Who do you suggest as an accountant - Gordon Brown?
grahamite2
08/6/2010
07:54
why they still had to pay 469m if deal went thru, inreality it 375m if u deduct c/t, made up in 17-20 weeks get ur self an accountant
stewart83
08/6/2010
07:47
A comment like that almost defies belief. Well hell, what's half a billion of destroyed shareholder value between friends?
grahamite2
08/6/2010
07:44
excuse punctuation,some keys on computer u/s
stewart83
06/6/2010
14:44
Goooo Thiam! From The Sunday Times June 6, 2010 Prudential plots daring new bid for AIA http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article7144824.ece
royalt
06/6/2010
10:17
DJ UPDATE: Prudential: Won't Be Resurrecting New AIA Deal (Adds background, details) By Sam Holmes Of DOW JONES NEWSWIRES SINGAPORE (Dow Jones)--Prudential PLC (PUK, PRU.LN) said Sunday it has no plans to resurrect its takeover offer for the main Asian unit of American International Group Inc. (AIG), dousing speculation the U.K. insurer was looking to revive the failed bid. Prudential last week officially terminated its intended purchase of AIA Group Ltd., which would have been the largest insurance takeover on record, after AIG rejected a reduced offer of US$30.4 billion. Prudential had originally offered US$35.5 billion but this price was cut following concerns by some shareholders that the bid was too high. "We remain highly committed to Asia through our current very successful business," Prudential said in a statement. "We will not be resurrecting the AIA deal and any speculation is misguided and inaccurate." The statement was made in response to a report published in the Sunday Times that said Prudential is considering restarting the failed takeover bid for AIA. The failed bid has also prompted some Prudential shareholders to call for the insurer's chief executive, Tidjane Thiam, to resign. The insurer will hold its annual general meeting in London Monday.
lyntwyn
02/6/2010
18:13
Pru needs a formal shareholder investigation and Thiam must go http://www.citywire.co.uk/professional/-/blogs/the-wealth-manager-blog/content.aspx?ID=403702
dmf
02/6/2010
18:03
If Thiam and McGrath are still around next Monday, Pru's AGM in London should prove to be a lively affair. TT was expected to earn up to £5.2 million in 2010 as a result of the takeover. This was to include shares worth a potential £2.7 million under a rolling three year incentive scheme, on top of a £900,000 salary and annual bonus of up to £1.6 million.
miata
02/6/2010
16:10
Was 'TT' another Fred Goodwin in the making ?
dmf
02/6/2010
10:27
"monkey" ludlow? Hope that's not linked to his skin colour?
jazza
02/6/2010
09:38
when is this monkey ttidjane going to resign bloody fool he is danger to this company .kick him out now
ludlow3
02/6/2010
09:12
0750 GMT [Dow Jones] Prudential (PRU.LN) has a sound independent future, and is not an immediate break up candidate given the current volatility of investment markets, says Panmure Gordon analyst Barrie Cornes. Says the U.K. business will likely stay within the group as it drives cash flow for the growth business in Asia. Says a separate listing of the Asian operation could give "significant upside" for shareholders, with an estimated valuation of GBP12.6B for the Asian business. Keeps buy rating and 732p target price. Shares -3% at 559p. 0709 GMT [Dow Jones] Weighing in on "where now for Prudential (PRU.LN)," Oriel Securities sees "no reason to break the company up and we doubt that any acquirer has the resources to make a successful bid." But Oriel still thinks the shares looks expensive, and buying them now would mean relying on a bid or breakup. Keeps sell rating. Shares -2.4% at 562p. U.K. insurer Prudential PLC (PUK, PRU.LN) Wednesday said that it was walking away from the US$35.5 billion takeover of American International Group Inc.'s (AIG) Asian life insurance unit after failing to renegotiate a lower price for the deal. "Unfortunately, it has not been possible to reach agreement so we feel it is in the best interest of our shareholders not to pursue this opportunity. We are therefore withdrawing from the transaction," Prudential's chairman Harvey McGrath said in a statement. Prudential had sought to lower the price tag for the acquisition of AIG's AIA Group Ltd. to a total of US$30.4 billion after it became clear it wouldn't secure enough support from its shareholders for the takeover under its original terms. But in a terse statement Tuesday, AIG rejected the revised offer dealing a fatal blow to the deal. AIG, which is nearly 80%-owned by the U.S. government, didn't give a reason for rejecting the revised offer from Prudential. The U.S. insurer had planned to use proceeds of the deal with Prudential to start repaying the U.S. taxpayers who had bailed it to the tune of US$132 billion. AIG could now turn to the only viable alternative for the unit, an initial public offering in Asia, which it had been pursuing before it agreed to a takeover by Prudential. AIA spokeswoman Patricia Chua declined to comment. Spokespeople at AIG couldn't immediately be reached for comment Wednesday. Prudential's revised US$30.4 billion offer comprised of US$23 billion in cash, with the remaining in shares and other securities. The original deal included US$25 billion in cash. The U.K. insurer said that total costs associated with the transaction so far were about GBP450 million including a break fee of GBP152.569 million, which will be paid to AIG. "We entered into this potential transaction from a position of strength in Asia and we view the region as offering excellent growth opportunities for Prudential," Prudential's chief executive officer Tidjane Thiam said in the statement Wednesday. "We agreed with shareholders that a renegotiation of the terms was necessary given market movements but it has not proved possible to reach agreement." Prudential, which has already listed shares in Hong Kong and Singapore in preparation for AIA's acquisition, said that, if as expected, the agreement is terminated, it will not proceed with its plan for a rights issue or any other financing relating to the deal. The termination of the agreement is pending confirmation by AIG. A person familiar with Prudential's thinking said that a failed deal would have no impact on the Hong Kong and Singapore listings of the company and that the U.K. insurer had no plans to delist from these markets. In fact, Prudential had already began the process to list in Hong Kong before it decided to make a bid for AIA, the person said. In its statement Wednesday, Prudential said that its strategy to allocate "capital in priority to the most profitable geographies and products, with a particular focus on Asia remains unchanged." It also said that if its agreement with AIG is terminated, Prudential will not put any resolutions to the court and shareholders meeting convened for June 7. "The reconvened Annual General Meeting will go ahead as planned on June 7," it said. At 0400 GMT, Prudential was trading 2% lower at US$8.15 in Singapore while in Hong Kong it was up 0.6% at HK$63.90. Prudential shares closed 6.3% higher in London Tuesday at 575.5 pence. 0650 GMT [Dow Jones] Prudential's (PRU.LN) top executives will likely face calls to step down following the collapse of the AIG deal, says a trader. Is not surprised that the deal is off though. Says the company will likely be looking to move towards growth in Asia funded by a rights issue. Meanwhile, notes that sterling is firmer following the termination of the deal. Prudential closed on Tuesday at 575p. 0651 GMT [Dow Jones] It's too early to be calling for blood at Prudential (PRU.LN) after its failed attempt to buy AIA, says an analyst, and there's also no obvious way to break up the group right away, as some analysts and shareholders have suggested. Prudential shares seen opening higher, after rising 6% Tuesday, to 575p, on expectations the deal would fail.
robrah
01/6/2010
20:59
Silly frog...Trying to screw up a great British company. He hasnt got a clue. http://www.guardian.co.uk/business/2010/jun/01/no-room-at-top-after-prudential-aig-debacle Three factors should make it impossible for Thiam to continue as the Pru's chief executive if, as expected, the deal is dead. The first is the cost of the exercise. The Pru is on the hook for £153m as a break fee to be paid to AIG. Add the fees for the advisers, lawyers, underwriters and printers and the total bill could be £500m, even when the completion-related elements are knocked off. That's half a billion quid of shareholder's money – an entire year's dividend payments – down the drain. Are shareholders meant to shrug their shoulders and ignore the wastefulness?
royalt
01/6/2010
20:25
Well he probably will get a massive pay-off, but his CV has been somewhat tarnished. That's where empire building at any cost gets you!
topvest
01/6/2010
20:19
Just hope they don't give him a large golden goodbye.
miata
01/6/2010
19:41
Shareholder value restored...lol...shows what a ridiculous deal this was, when the share price rockets when it's off.
topvest
01/6/2010
13:02
Reckon only for a short while though. Overall sector is down from when the deal was announced and don't forget the exit fees incurred should they annouce the deal being off (almost a cert). ???? reckon the breakup rumours will surface again and nothing will happen... again. :)
witheld
01/6/2010
12:41
so where is the share price likey to go then ?
robrah
01/6/2010
12:23
Sterling rallied against the dollar on Tuesday, shedding earlier losses after speculation that Prudential would soon announce that it would abandon its takeover bid for AIG's Asian unit.
miata
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