Prudential Share Discussion Threads

[b17nns] 21/5/2013 15:45

Pretty stagnant of late?

[gbb483] 07/5/2013 22:10

It always amuses me when critics highlight a small retraction from new highs as a doom and gloom scenario.

[miata] 30/3/2013 08:25

Attention may turn to the pay of Thiam, who had £50,000 docked from his bonus for 2010 – when his remuneration totalled £5m – as a penalty for the botched deal, which left angry investors with a £377m bill for fees to advisers. His bonus in the subsequent year was deferred and it is understood that the regulatory action will not have any impact on his pay for 2012, likely to be announced next week.

While investors credit Thiam with a doubling in the Pru's stock market value since the ill-fated deal, they were also said to be keeping an eye on his payout. "If his bonus isn't significantly reduced, there could be an issue," one said.

[worsleybird] 27/3/2013 11:49

The Pru and thin-skinned, idiot regulation

Paul Murphy | Mar 27 10:44 | 5 comments | Share

A theory was gaining ground on Wednesday that, having utterly failed in any way to deal with Britain's cartwheeling banks ahead of the crisis, the FSA, Britain's alleged financial regulator, has now set its sights on wrecking the healthy side of Britain's financial sector.

The Prudential has been fined £30m, and its strikingly successful chief executive, Tidjane Thiam, has been censured, seemingly for worrying that someone at the FSA might possibly leak news of the Pru's ultimately bungled takeover bid for AIA three years ago.

Yes, you read that correctly. Amid the commercial real estate bust, the mortgage fraud, the credit market shenanigans, the drug-money laundering, the sanctions busting, the Libor-rigging and the tax-dodging of recent years, the ONE Footsie chief executive to get censured by the FSA since the onset of the crisis five years ago is the guy who's doubled his share price and actually doesn't seem to have done anything wrong.

Read the full final notice on this and see whether you can find the crime. Click to read.

The short story here is that in planning a bid for AIA in early 2010, Thiam was paranoid about the deal leaking - having watched a previous attempted takeover of AIA collapse a year earlier due to the details escaping early. As part of the frantic negotiations over what was a potential $35bn deal, Thiam and his board had time-tabled their planned notification to the FSA, but the chief executive failed to mention it at an FSA annual review of the insurer a few days earlier.

Result: three years of regulatory wrangling and a £30m fine.

In the event, the deal did leak and the bid failed. The story was broken by our erstewhile colleague, Francesco Guerrera, writing out of the FT's New York office.

Since then, the Pru's share price has doubled. We can only guess how the insurer might have performed had Thiam been left to concentrate on running the business, rather than wrangling with regulators.

How did the FSA get to a figure of £30m? We have no idea, other than noting fine-bloat on the other side of the Atlantic. Tough regulation = big financial penalties, etc.

But the FSA needs to be careful here. US regulators can hand out eye-watering sanctions safe in the knowledge that financial firms have to remain operating in the world's largest economy. But Britain's a little country, with shrinking GDP. Businesses like the Pru see their future in Asia...

[davdreamer] 14/3/2013 20:58

I have put some of my money into Aviva from the proceeds of pru, but thanks for the read pab

[davdreamer] 13/3/2013 11:41

I am sorry to say I sold some of my pru at 1030p last week. wont be selling any more after these results, cracking. Good share, but no interest on these boards

[leedskier] 13/3/2013 10:10

It is amazingly quiet on PRU bb today given their results ;

add:

or was everyone shorting it ....;

[gbb483] 12/3/2013 10:15

Could PRU be the next RSA / AV. ?

Finals due tomorrow - where'll the divi. go ??

RSA - down by 33%, AV. - down by 27%


Some reckon they'll buck the trend ( ).

I'll believe it when I see it.

[bracke] 03/12/2012 15:23

Wrong thread

[vivgav] 30/11/2012 09:05

11 year high

[northernlass] 19/10/2012 08:35

BROKERS REMAIN DECIDEDLY BULLISH FOR PRUDENTIAL

12 September 2012

Credit Suisse retains its 'Outperform' rating on Prudential with a target price of 950p


05 October 2012

Oriel Securities retains its 'BUY' rating for Prudential with a target price of 900p.


08 October 2012

Panmure Gordon reiterates its 'BUY' recommendation for Prudential and raises its target price from 960p to 1085p.


12 October 2012

Goldman Sachs retains its 'BUY' rating for Prudential and raises its target price from 960p to 1081.30p.


18 October 2012

Deutsche Bank retains its 'BUY' rating for Prudential and raises its target price from 925p to 1000p.


P.S.
Here's some links about SCLP, one of the hottest stocks at the moment:

[skinny] 10/8/2012 09:50

IFRS1:

· Operating profit of £1,162 million, up 13 per cent
· Asia life insurance business operating profit2 of £409 million, up 26 per cent
· Total profit before tax3 of £1,259 million, up 13 per cent
· Shareholders' funds of £9.3 billion, up 8 per cent4

New Business:

· EEV new business profit of £1,141 million, up 7 per cent
· Asia EEV new business profit of £547 million, up 18 per cent

Embedded Value:

· Operating profit of £2,109 million, down 2 per cent, reflecting low-interest rate environment
· Asia life insurance business operating profit2 of £872 million, up 13 per cent
· Shareholders' funds of £20.6 billion, up 5 per cent4, equivalent to 806 pence per share

Capital & Dividend:

· Strong underlying free surplus generation of £1.4 billion (before investment in new business), unchanged from last year
· Net remittances from business operations up 5 per cent to £726 million
· Asia net cash remittance of £126 million, up 20 per cent
· Insurance Groups Directive (IGD) capital surplus estimated at £4.2 billion; solvency requirements covered 2.7 times
· 2012 half year dividend increased by 5.7 per cent to 8.4 pence per share

[davdreamer] 22/5/2012 16:35

keeps coming back like a coiled spring

[jbtrend2] 31/12/2011 22:20

Telegraph share tips for 2012

[davdreamer] 27/10/2011 16:09

seems to me the bird is rising again. just can't get it to keep down. Could this be due to the eastern influence

[davdreamer] 06/10/2011 16:56

Free as a bird today-what a rise LOL

[bobsidian] 05/9/2011 17:45

Ugly charting pattern under development. A retest of the recent lows whilst forming a near term head and shoulders pattern. At any other time this formation would suggest further downside with perhaps £4.90 being a target for any further tumble.

The only saving grace is that the share price is currently underpinned by the 38.2% Fibonacci retracement level of the entire move up from March 2009 to May 2011. But were this technical level to be breached then a further fall to £4.90 would see the share price move to complete a 50% Fibonacci retracement of the same entire move.

Not a very good performance today by European equity markets.

[knight176] 18/8/2011 07:34

why do you say that duggan 345 target

[dugganjoe] 12/8/2011 08:14

345p target for me