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
  -8.50 -0.62% 1,364.00 1,364.00 1,364.50 1,369.00 1,350.50 1,363.00 631,375 10:48:35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 7,068.0 1,449.3 22.8 61.9 35,593

Prudential Share Discussion Threads

Showing 1751 to 1774 of 2075 messages
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Hi shieldbug You have made some very good points. I must admit the recovery in the last few days has been exceptional but we were as topvest pointed out heavily oversold. As usual lots of things to worry about from an investment point of view but at least we can enjoy this weekend.
Churchhill2 - I too have been buying in the last weeks. My interpretation was that anything to do with China and SE Asia has been dragged down unreasonably. Prudential provides products that mitigate uncertainty - so the trade war may even be good in a perverse way. My supporting reason for buying is the demerger. My question though is - does it matter what values they assign to the two parts - the market should pretty quickly sort that out afterwards?
Great timing topvest. Will be interesting to see what values are attributed to the two arms of the business. Obviously it will depend on market conditions but in excess of £50 billion is not beyond the realms of possibility.
I've bought in today. The demerger should create two more focused groups. I know we are fairly late cycle, but the shares are fairly cheap for such a high quality business.
May have to wait for the split for real value to emerge. Looks a very attractive time to buy if your willing to be patient.
its the oxman
I agree itO. You split your business in two and you fall prey, look at WTB. The Chinese will swallow the fat growing Asia business at a significant all cash offer and the European business will be merged with a similar sized business, probably all paper. No brainer buy for me, should be trading north of £20 before a bid premium.
Added sub 1700p - bring on the bid.
its the oxman
Zak Mir predicting a takeover of Pru soon. As ever time will tell. P/E does seem low around 11.
Lloyds lacks firepower for M&G takeoverTAGS: LLOYDS | M&G | PRUDENTIALBy Jessica Tasman-Jones, 30 Aug 18EmailFacebookTwitterLinkedInPrudential’s funds arm has been touted as an attractive acquisition for LloydsFailed Scottish Widows merger behind Lloyds' £109bn exitBrexit and a lack of firepower could hinder a potential Lloyds takeover of M&G Investments as speculation surfaces that the asset management business would aid the high street bank’s strategic push into wealth management.This week, The Times speculated that Lloyds could use its excess capital to buy Prudential UK, which is due to demerge from the international business by 2020, for a price tag of £10bn to £12bn. Prudential announced it was merging its M&G and UK savings businesses in August 2017, creating a business with £332bn in assets under management.Portfolio Adviser has contacted both Lloyds Banking Group and Prudential for comment.M&G attractive alternative to traditional lendingM&G would be particularly attractive to the retail bank, the newspaper reported.It said: “The whole of the Pru UK may not be quite the right fit for Lloyds as it would come with a capital-intensive with-profits business and a large chunk of annuities sitting on its balance sheet. More enticing might be if Lloyds could find others, such as Phoenix, the specialist insurer, to take on some of those divisions, leaving it to snap up M&G.â€?The Times argued the deal would make sense for Lloyds because shares are sluggish, despite large profits and a return to dividends, because it cannot wring anymore growth out of traditional lending.Brexit hinders Lloyds’ firepowerBut JP Morgan said Lloyds does not have the firepower for the deal forecasting that it would have excess capital of around £2bn above required capital ratios at year end 2018, significantly below the price tag touted by The Times. Lloyds would have to raise capital through share issuance at a level that would significantly undervalue the group, according to an analyst note published on Wednesday.JPM stated: “Wealth and retirement solutions are a strategic focus area for Lloyds management, so the group is likely to be open minded about opportunities for growth. However, a large target such as parts of Pru UK/M&G would ultimately require a deal funded via share issuance, which we believe would rule it out from a financial accretion point of view.â€?Brexit had hit Lloyds price to earnings hindering its appetite to issue further shares, JPM noted.However, for Prudential the deal would remove the hassle of demerging and creating a separate listing for the UK business, JPM said. It would also mean cash on the table for shareholders.Last year, Mario Mazzocchi, a pensions and investment director at Lloyds’ Scottish Widows business, revealed the bank was looking to capitalise on its position as Britain’s only integrated high street bancassurer to provide wealth and retirement services to its retail customer base.Scottish Widows sold its asset management arm, Scottish Widows Investment Partnership, in 2014 to what was then Aberdeen Asset Management. The insurer is currently looking to pull investment business totaling £109bn from Aberdeen Asset Management following its merger with rival Standard Life.
“The Group’s performance has again been led by Asia, contributing to an overall increase in IFRS operating profit1 of 9 per cent2, growth in underlying free surplus generation5 of 6 per cent2, and an increase in new business profit4 of 13 per cent2 despite a lower level of APE sales. “In Asia we have delivered double-digit growth across our key metrics of new business profit4, up 11 per cent2, IFRS operating profit1, up 14 per cent2, and underlying free surplus generation, also up 14 per cent2. Our growth continues to be high quality with protection new business profit4 growing by 19 per cent2, IFRS insurance margin8 up 17 per cent2 and renewal insurance premiums9 up 17 per cent2. Our Asia asset manager, Eastspring, has increased IFRS operating profit1 by 13 per cent2. Our broad-based portfolio of life insurance and asset management businesses, high-quality products and multi-channel strategy ensure that we continue to benefit from the growing customer demand in Asia for the wealth and health products and services that we provide.
You've almost got what you wanted then. And the share price - up 3.67% - has taken the results well.
Hi westofengland Thanks for those well chosen words which captures the position so adequately. With a population of 2.7 billion people in China and India with Africa to follow there are huge opportunities for the Pru as long as management is up to the task. So far so good so lets see how tomorrow pans out.
Dear Churchill2, Yes, this is a great Company and hopefully we'll see tomorrow some of the progress they are achieving. I sense this is one of the best tuckaways on the stockmarket and once we see the progress in splitting the business, it will be self evident what a powerful business they are creating in Asia one of the regions where people understand the benefits of saving for the long term where the Prudential has longstanding expertise and a trusted brand.
Interesting day tomorrow. I am expecting some ups and downs on the major growth areas. Hopefully the proposed interim dividend will reach 16p. Up to date information on the split and whether Anne Richards will be replaced. The share price could do with a positive outlook.
Interesting points raised. Directors are only allowed to buy shares at certain times in the year so that they are not favoured over shareholders. Weak pound is advantageous to the Pru as results are converted re US and Asia to pound sterling. Half year results will in my opinion for whats its worth depend on growth in Asia especially China and India.Any sign of a slowdown where Pru have such high hopes will go down like a lead balloon.
For a co where management expect to double eps over the next 5-7 years this could bounce strongly if results inspire. Not saying they will this time but after trending sideways for so long it feels overdue a good rally higher.
its the oxman
Not sure but I am guessing the strong dollar and weak pound is not helping the share price? Looking forward to half year results in about 3 weeks time.
Appears to be a lot of director sells since early April - and not a single buy. Last director buy was last December? Not very inspiring.
I agree Oxman - now that the Italy situation is more settled and also Asia the S.P. looks quite over sold.
Looking oversold and unloved at c 1720p
its the oxman
Thanks churchill
Hi R Sharman In one word Italy Prudential exposure to sovereign debt held by the shareholder backed business at the end of last year was £16.5 billion. Of this Italy was just 58 million but if the situation goes pear shaped there would be a knock on effect to the rest of the eurozone and the world in general. It would be extremely serious in terms of confidence and valuation. You may ask what is this debt. Governments sell interest bearing bonds to finance there spending. Prudential buy these bonds on the basis they are safe and provide regular income. As we have seen with Greece Italy and the UK the need to stay in power by spending more than getting in from tax receipt is out of control. Is the drop in the share price overdone. Probably and the rebound could be significant if there is a change in sentiment.
Why the big recent fall in share price please.
There is a detailed report on Prudential's recent AGM which can be found in our members area here: hTTps:// To access the report, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: hTTps:// Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the report (and reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: hTTps://
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