Prudential Share Discussion Threads

[whatja] 31/1/2021 22:01

Taycan his ball away to play elsewhere

[suetballs] 29/1/2021 15:21

If there is no rights issue then come on PrimaryBid - it's only fair!!!!!!!!!!!!!
Suet

[whatja] 29/1/2021 15:13

Unlikely a rights issue will take place as does not broaden the shareholder base....
Expect a book build in HK and Singapore selling to institutions who may ultimately resell to Asian retail investors.

Wish I could sell my entitlement to Jackson and buy new equity.

Memo to self...get rid of any certificated Pru shares as that will mean certificated Jackson stock and more costs to sell in the future.

[contrarian joe] 29/1/2021 14:27

Gone on watchlist.

[suetballs] 29/1/2021 12:10

Possible equity raise - my pru shares are in my isa where I have made full use of my 20/21 allowance. So I would prefer a rights issue in the next tax year so I am not required to sell anything. Here's hoping.
Suet

[its the oxman] 29/1/2021 09:26

Hi Suet , yes happy to buy at these levels. Suspect Pru will rally hard once money has been raised. Till then it will stay down I guess. Asia exposure is a plus, hopefully Pru will be bid for and be taken out for a big premium one day.

[suetballs] 28/1/2021 15:00

Oxman - I assume you're buying.
I'm really bullish on Asia so I can handle some short term pain.
Suet

[suetballs] 28/1/2021 15:00

Oxman - I assume you're buying.
I'm really bullish on Asia so I can handle some short term pain.
Suet

[cordwainer] 28/1/2021 13:32

If the kind of demerger announced is 'proposed', does that mean an EGM in the near future ?
Certainly my platform where I hold PRU does not do dealing in US shares.

[churchill2] 28/1/2021 13:26

Disappointing news this morning.

Obviously the IPO or a sale of Jackson has drawn a blank.This means as in the case of M&G cash will be required to make Jackson attractive for a demerger.

Fortunately the fund raise planned is relatively small.

I was going to say two steps forward one back but this is more like one forward two back.

[its the oxman] 28/1/2021 12:09

Back to 1200p , love it.

[churchill2] 17/1/2021 10:28

Further to my post of last month A1A continues to power ahead. The Company reached an all time high on Friday. The value increased to £120 billion. A £13 billion increase in one month while in the same period the Pru rose a more sedate £2 billion.

Two other points to mention Pulse reached 15 million downloads in December and the increase in income returns on USA bonds that Insurance companies hold.

The upcoming year end figures for both companies will make a compelling comparison but at this moment in time the Pru I repeat is decidedly under valued.

[churchill2] 16/12/2020 19:34

I am not so sure about share price weakness. Weak when compared to the performance of large tech US companies. However since its low point at the end of October and the positive news of vaccines the share price has risen 44%. This is the ninth day on the trot the share price has risen. Also take in to account the near current £2 a share from M&G plus generous dividends paid with cash bestowed by the PRU on the split.

Reasons to be cautiously optimistic.

1. The strength of the Dow Jones will auger well for the proposed IPO of Jackson notwithstanding exchange rate volatility.

2. Pru in Asia is approximately 60% of the size of A1A. A!A is currently valued at £107 billion compared with £35 billion for the PRU (including Jackson)

3.The PRU seems to be confident that PULSE in Asia has reached out to the younger generations and hopefully will add future customers.

4. This pandemic should encourage people to be more active in safeguarding their futures.

[its the oxman] 16/12/2020 00:40

Have sold down my position so expect a bid anyday now, just fed up with its weakish performance, hopefully that will change going forward as still have a useful holding. May even add if it spikes sharply down which it is prone to do on every global crisis that comes along.

[churchill2] 14/11/2020 13:27

Hi rimau1

I agree with your observation that the Pru looks cheap and well done with your timely purchase.

I have been comparing Pru with one of our main Asian competitors namely A1A ( who sponsor the Spurs football shirt).

As of today A1A are capitalised at just over 100 billion pounds in comparison to just under 33 billion for the Pru.

Comparisons are not easy but there financial reports are date wise the same and both US dollar related.

The first thing that hits you. In the first half of 2020 A1A adjusted operating profit of $2933m 58 per cent came from China/HK.

For the same period the Pru adjusted operating is $2541m. Stripping out USA the Asian portion is $1733 of which China/HK is 29 per cent which indicates why the Pru is so lowly rated.

The other statistic that highlights the differential is the EV which for the Pru is $37.3 billion Asia $48.9 if you include USA as against $61.4 billion for A1A.

The vaccine will have increased the value of Jackson whichever way its separated.

The Pru has laid out a huge coverage in China so as Dan Loeb has intimated its time to take the opportunity on offer.

It seems obvious to me that the Pru is way undervalued compared with A1A.

The other point together they would make almost a perfect fit plus there is Ping AN hovering in the background.

[rimau1] 06/11/2020 09:11

Wrong bord Porsche? Clearly you are talking about AV. ? This is an Asia, Africa and US business fast growth minimal UK/brexit focus!

[porsche1945] 05/11/2020 10:53

What a dog of a share this is, a serial under performer, has the worst of all worlds for a financial, no growth, pitiful dividend and listed on a dog of an index nobody wants to invest in because of brexit and covid. Stick to the S&P, terminal.

[churchill2] 05/11/2020 09:20

I was confused by the recent Pulse video on the Pru Website.

Was it an attempt to raise Shareholder morale during a period of weak share performance.

May be the opposite in that Pulse is proving to be an outstanding success and will lead to a sizeable increase in business.

There was no update on the eight million downloads reached early August or any other additional information to help form an opinion.

[essentialinvestor] 30/10/2020 16:31

Added earlier, I was hoping for lower, perhaps next week.

[rimau1] 29/10/2020 18:33

Got it, thanks Essential. Its certainly a handy yield now at these levels. Excellent entry point IMO.

[essentialinvestor] 29/10/2020 15:43

Dipped a toe back in today, or half a toe at this stage.


Hi Rim, firstly on posts I'm often just thinking out loud and
sometimes attempting to clarify my own thoughts on a subject.

PRU has always been hammered on corrective equity markets, at least
as far as I can remember back.

Re the yield comments, many investors previously referenced the compounding PRU dividend, it was a handy income hold for some.

Yes agree with you about higher growth v lower dividend-
effectively they are investing more in growth and paying less to investors (at least for now).

The M&G split of course played a part in that.

Hope that at least half answers your question. Think these may be available under £9, or very close.

Good fortune with your holding BTW.

[rimau1] 29/10/2020 10:21

Can you explain your point essential? Pru investment case was never based on yield IMO its a growth story but now represents a 3%+ yield which is safe given the surplus regulatory capital it now has using HK regulatory ratios. I am biased because under £10 i am now heavily invested here but its in my Sipp for a long time to come.

[essentialinvestor] 29/10/2020 08:27

Very little yield support so at the mercy of falling msrkets more than ever.