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
  33.00 2.72% 1,246.00 1,246.00 1,247.00 1,247.00 1,210.50 1,215.50 6,672,800 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 7,068.0 1,449.3 22.8 55.3 32,513

Prudential Share Discussion Threads

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Nice dip today to catch the XD tomorrow.
indeed, scaremongers in 2008 lol westcoastrich 16 Oct'08 - 18:12 - 18 of 1225 0 0 Could this go BUST
20 year high £ £2 in early 2009
Only hold a few of these but interested to know your opinions on how high can these travel north?
House insurance issues could be many and varied due to this , from water damage to fire to roof damage and repair and replacement costs of panels to name but few. Insurers of the installation companies and panel suppliers could also get hit BIG ................. SOLAR PANELS , :- Have you been fitted up ? ............. A lot of these panels from China have been installed in the UK I think many will be defective after 3 years , more after 5 years , most after 10 years ..... 25 years guarantee was and is a pipedream. That is due to production issues Then there are issues to do with using contractors to install them on your roof, leaks from same should start to show damage re water ingress after circa 2 years of installation ..... contractors who are taken on for 6 or 12 month contracts take short cuts to get the job done and away. Bodge jobs with temp waterproof filler/mastic round drilled holes to attach the panel support brackets to the roof trusses will be many. Next Shoe To Drop: Shoddy Solar Panels From China Wolf Richter The photovoltaic industry is in a perverse situation. To make power generation from solar competitive, prices of solar panels had to come down. Tens of billions in subsidies were plowed into the industry. Technological advances came along. And the price per watt crashed exponentially, from $76 in 1977 to about $7 in 1989. Then it leveled off. By 2000 it began to drop again, hit $4 in 2005, $2 in 2010, and a forecast $0.74 per watt in 2013 (graph). But it wreaked havoc. Business models collapsed. Funding dried up. PV companies bled red ink. In the US, a slew of them, including Solyndra, went bankrupt. Others shut down or changed course. Tens of billions in taxpayer subsidies and investor capital spiraled down the drain. In Germany, solar power was a political priority. They don't have much sun, but they have more sun than oil, the logic went. Now even Bosch Solar Energy AG is fleeing the business after burning through $3.1 billion. Same story in France, in Spain. Bloodletting everywhere. They all blamed the low prices of Chinese solar panels. Complaints that led to anti-dumping proceedings in the US and aggravated the trade war between the EU and China [my take: Germany Fires Salvo In Sino-European Trade War ... At Brussels]. But solar power generators, from utilities with large-scale installations to farmers with solar panels on their barns, were ecstatic about the low prices. They enjoyed subsidies, nearly free financing, and the hope that the system would more than pay for itself over the course of its 25-year life span. It would be a good deal. But it might not be. The price war that Chinese manufacturers waged was a suicide mission. Now even they're going bankrupt, including their erstwhile number one, Wuxi Suntech, when the banks pulled the ripcord in March. Existentially threatened, they cut costs ... and corners. Defective solar panels can be costly. The New York Times described what happened to the PV installation on a warehouse roof in Southern California whose promise of a 25-year life span disintegrated along with the protective coatings on the panels after only two years, and part of it went up in smoke when defects caused two fires. "Worldwide, testing labs, developers, financiers, and insurers are reporting similar problems and say the $77 billion solar industry is facing a quality crisis," the Times reported. But instead of tracking defects industry-wide, manufacturers hide behind confidentiality agreements that treat their name as a secret. So no one knows the extent of the crisis. And it's just the beginning: since nearly half of the 7.2 gigawatts of capacity in the US were installed in 2012 in a burst of incentive-fueled activity, most of the problems have not yet come to light. But some have: Executives at companies that inspect Chinese factories on behalf of developers and financiers said that over the last 18 months they have found that even the most reputable companies are substituting cheaper, untested materials. Other brand-name manufacturers, they said, have shut down production lines and subcontracted the assembly of modules to smaller makers. STS Certified, a French testing service, evaluated 215,000 PV modules at its Shanghai laboratory and found that defects had jumped from 7.8% in 2011 to 13% in 2012. An entire batch from one manufacturer was defective, but STS refused to identify the culprit – a company listed on the New York Stock Exchange – due to the confidentiality agreements. German solar monitoring firm Meteocontrol found that 80% of the installations in Europe it had examined were underperforming. SolarBuyer, based in Massachusetts, audited 50 Chinese plants over 18 months; defect rates ranged from 5.5% to a dizzying 22%. During repeat audits, it found that plants were constantly substituting cheaper materials. Ian Gregory, SolarBuyer's senior marketing director, warned: "If the materials aren't good or haven't been thoroughly tested, they won't stick together, and the solar module will eventually fall apart in the field." Even Chinese insiders admit it: "There are a lot of shortcuts being taken, and unfortunately it's by some of the more reputable companies, and there's also been lot of new companies starting up in recent years without the same standards we've had at Suntech," lamented Chief Technology Officer Stuart Wenham – the same Suntech that was pushed into bankruptcy in March. There are still some lucky solar developers and installers who claim that they haven't run into quality problems yet on systems installed in 2012. But they're brand-new, with 24 more years to go. And some of the defective panels weren't made in China; all manufacturers are under pressure to cut corners in order to survive. First Solar, a US company, has reserved $271 million to account for the expense of replacing defective modules sold in 2008 and 2009. No word yet of those sold during the binge of 2012. The costs of these defects will eat further into the industry that is struggling to become financially viable. Yet, in a cruel twist, the price of solar panels must continue to drop for solar power to be competitive without subsidies. Taxpayers, stung by austerity in Europe and by the sequester in the US, are already less than enthusiastic about propping up the industry forever. At some point, it must be able to stand on its own, at still lower prices that magically allow manufacturers, and not only power generators, to thrive – an illusion, for now. But waves of "cheap" solar panels that suddenly become very expensive after they're installed will cause more bloodletting and push the propitious date further into the future.
When's our ex divi date folks and how much albeit I can research it this evening
We are shortly going to be quantitatively easing into a share price collapse across the board.
I guess they've got a massive interest in shorts on PRU and need to engender some selling.
There is an interesting piece on Morningstar Bottom line is that to get the fantastic growth PRU has been straying in to higher risk business and, it has no competitive advantage over costs etc. They describe the whole sector as "no moat" if you are familiar with Mstar and Buffett It is quite a long and well argued piece that dissects the growth rates and looks at whether the relative out performance is sustainable. Long and short of it is they put a Fair Value on PRU of 680p and 350 for Aviva In case anyone is interested, I hold both. PRU from 359 - Yep a long time ago and AViva from 285 and 305
Pretty stagnant of late?
It always amuses me when critics highlight a small retraction from new highs as a doom and gloom scenario.
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.
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...
I have put some of my money into Aviva from the proceeds of pru, but thanks for the read pab
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
It is amazingly quiet on PRU bb today given their results ; add: or was everyone shorting it ....;
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.
Wrong thread
11 year high
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