Prudential Share Discussion Threads

[h28] 10/9/2010 15:28

all insurance will suffer economic downturn. i am avoiding them not just from fraud, but from supposed natural disasters. look at russia today countries trying to avoid llyod underwriters and have nationalised insurance schemes. i would avoid investing in this company personally.

[l.parker] 10/9/2010 15:26

At last,first time for a year,lets hope its keeps,above £6 permanately,although
I doubt it

[baz147] 12/8/2010 18:58

18% increase in sales is this on the rise?

[jammytass] 12/8/2010 06:08

will the windfall cash be back on the table!!!!?????

[l.parker] 11/8/2010 10:20

Comments in todays Times. One investor says "If they don't say anything publicly
on Thurs,or brief afterwards in meetings, then the tanks go right back on the lawn" I bet McGrath & Thiam are
shaking in their shoes. Some hopes - one investor!, what a laugh.Where are all
these loud mouths, now?

[l.parker] 09/8/2010 13:27

Financial Times 8th Aug 10. Magrath & Thiam will announce a bumper set of
of interim results on Thurs & an increase in the group's dividend.New business
profits could be as high as £885m, up from £691m, at the half way stage last year.Back em, or sack em!

[philgyuk] 06/8/2010 18:39

Financial Times reporting speculation about a takeover approach from an Asian buyer.... £7 per share....

[domtheone] 06/8/2010 12:12

Div announcement next week and ex div in a few weeks possibly fueling the rise.

[l.parker] 06/8/2010 08:46

Badg, Have you bought another shed yet?

[novision] 06/8/2010 08:15

What do people think, approaching 600 - time for profit taking or further to go?

[l.parker] 08/7/2010 15:38

BADG. Your shed is filling up. Out of the 30 Co,s on my monitor PRU
are the best at 4.1% . Do you take your profit at a set point or hang
on for a better return?

[badg] 02/7/2010 16:43

thanks for that - yes, that fall back in March coupled with the one this week is the double bottom (I hope!) They actually hit 5.81 recently so it's a massive drop from there... If you're back in at 5.62, I hope that they will bounce back there quite quickly- I must admit to having 5.50 as my target area depending on what the DOW does from here - but that is getting near to the downward trend line too so fingers crossed... good luck too anyway...


(it's a quiet thread so very nice to have a reply!)

[l.parker] 02/7/2010 16:30

Correction I bought in 634 not 562.

[l.parker] 02/7/2010 15:51

I,m pretty sure you have done the right thing & wish you well with your
investment. I track this Co because I have most of my money in this Co.
They did drop to around 490 back in March & then climbed to 575 a couple
of weeks ago. I've had some ride with Prudential & made some good returns
by Selling on the highs & opting out on the lows,,, but i came unstuck by
buying in at 562 & I'm wating for them to return to that level,god know when that will be! GOOD lUCK

[badg] 02/7/2010 13:57

Well I have been watching these for some time....I watched as they bounced off the 200day ma at around 5.81 last week since when they have fallen dramatically and actually yesterday/today have had lows which look like a double bottom of 4.88-4.91.... needless to say, I have bought a shed load and am hoping for a little bounce from here with the markets... anyone else following the PRU?

[grahamite2] 08/6/2010 09:01

inreality it 375m if u deduct c/t

Oh, well that's all right then!

Who do you suggest as an accountant - Gordon Brown?

[stewart83] 08/6/2010 08:54

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

[grahamite2] 08/6/2010 08:47

A comment like that almost defies belief.

Well hell, what's half a billion of destroyed shareholder value between friends?

[stewart83] 08/6/2010 08:44

excuse punctuation,some keys on computer u/s

[royalt] 06/6/2010 15:44

Goooo Thiam!

From The Sunday Times
June 6, 2010
Prudential plots daring new bid for AIA

[lyntwyn] 06/6/2010 11:17

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.

[dmf] 02/6/2010 19:13

Pru needs a formal shareholder investigation and Thiam must go