Prudential Share Discussion Threads

[mike740] 19/11/2014 08:18

19 Nov 2014 Prudential PLC PRU Deutsche Bank Buy 1,480.25 1,491.00 1,630.00 1,680.00 Reiterates

[mike740] 19/11/2014 08:18

19 Nov 2014 Prudential PLC PRU Deutsche Bank Buy 1,480.25 1,491.00 1,630.00 1,680.00 Reiterates

[tiptv1] 10/11/2014 14:24

Check out what Moose and Zak have to say

[zulu001] 22/8/2014 17:14

Analysts at Morgan Stanley have suggested several stocks that could receive material boosts from the recent dip in the sterling exchange rate against the dollar, which has been driven down from $1.71 toward $1.66 by dovish comments from the Bank of England and lower-than-expected inflation.

Morgan Stanley said it has an overweight rating on Prudential, Wolseley, Intertek, Smiths Group and Croda.

Life insurer Prudential is estimated by the investment bank to have 38% of its operating profit dollar-denominated in its first half results, while its US business Jackson will benefit from a weaker pound. Analysts are also big fans of Prudential's Asia life insurance unit, adding much needed diversification and holding a "very strong distribution footprint versus the peer group."

[uppompeii] 22/8/2014 13:54

Why the big jump here recently and why are fund managers saying buy on the qt?

[mayers] 02/7/2014 22:33

Silence gives me confidence in seemingly a rising channel.

[johnthornleigh3] 28/3/2014 17:51

Portside you are obviously bitter and twisted and know nothing. If you think Pru rip people off sell the shares and go annoy somebody else

[portside1] 28/3/2014 11:22

sell sell sell the good days have gone for good

[portside1] 28/3/2014 11:00

end of the road for these greedy crooks the sooner they o under the better
they have ripped off pensioners for to long good on the government
any one retiring take your cash out

[bean02] 28/3/2014 10:29

L n G down 6%!

[bean02] 28/3/2014 10:27

Just had a look at aviva and standard life. Both down. Can only guess it's the annuity business loss.

[jamdan1] 28/3/2014 09:47

Its dropped ever since I bought in before the budget announcement. Talk about bad timing

[bean02] 28/3/2014 09:35

This is my steady eddy...What's with the drop today?

[gbb483] 12/3/2014 21:54

For a stock that's doubled in 18 months and set a new high today - its very quiet.

[collier partnership] 18/11/2013 09:17

Prudential reported a 12pc lift in group new business profits to £1.95bn during the first nine months of this year as growth in its Asian business showed no signs of a slow-down.

SECTOR - Mining
DEBT - High
CURRENT PRICE - Good Value

#Prudential

[phillis] 14/11/2013 13:02

outstanding investment

[deadly] 20/8/2013 13:20

Nice dip today to catch the XD tomorrow.

[ryan83] 12/8/2013 16:55

indeed, scaremongers in 2008 lol


westcoastrich
16 Oct'08 - 18:12 - 18 of 1225 0 0

Could this go BUST

[vivgav] 12/8/2013 16:44

20 year high £

£2 in early 2009

[aussiedonnie] 16/7/2013 13:54

Only hold a few of these but interested to know your opinions on how high can these travel north?

[buywell2] 04/7/2013 07:38

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 www.testosteronepit.com www.amazon.com/author/wolfrichter

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.

[bigman786] 24/6/2013 13:02

When's our ex divi date folks and how much albeit I can research it this evening

[gbb483] 05/6/2013 18:57

We are shortly going to be quantitatively easing into a share price collapse across the board.

[gbb483] 29/5/2013 09:17

I guess they've got a massive interest in shorts on PRU and need to engender some selling.

[marksp2011] 29/5/2013 08:03

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