Prudential Share Discussion Threads

[suetballs] 24/10/2022 08:37

All looking pretty grim here.
From great company to ......
Suet

[porsche1945] 03/10/2022 13:51

Shocking whats happened to these, being listed on dog index basket case U.K. and in a terminal currency nobody wants assets in not helping either. Look terminal, they were not doing any good even before meltdown.

[1jat] 16/9/2022 16:49

Pru gets added to HKSE indices in 10 days time….it is a small step towards increasing HK ownership….with Connect status to be added after that. Valuation is driven by London at present and that needs to move to HK. This is inevitable although the elapsed time could be long. My view is that the valuation gap to AIA will close but the extent will also depend on similar operating performance. Of course AIA could fall towards Pru rather than Pru rise to AIA.

[churchill2] 13/9/2022 11:04

Interestingly the Pru share price in HK this morning is 89.85 HK dollars. At the current exchange rate 1088 dollar to the pound eguates to 977p.
Seeing as the HK Stock Exchange was closed Monday and fairly neutral today suggests the lead comes from London reinforced by the fact A1A was down today.

[churchill2] 09/9/2022 15:36

Hi 1jat
Guess the weakness of the pound against the HK dollar has not helped.Since my last post 1702 on the subject around 15 per cent.Looking at the half year numbers in US dollars the Pru is still greatly under valued versus A1A. For example A1A is valued in sterling terms around a 100 billion. The Pru is about 60 per cent the size of A1A so you can draw your own conclusion.

[1jat] 02/9/2022 17:07

Today the FT penned an article including a chart showing 30% underperformance of Pru v AIA.
The local shareholders need to buy more Pru, it is cheap (maybe there is a reason for this but 30% change in 2022 seems a bit overdone)

[wynmck] 02/9/2022 16:04

well we got sub £9 yesterday 878 low
nice bounce today-will it last?

[suetballs] 25/8/2022 14:30

At this rate we'll soon be sub £9.
Very disappointing tbh.
Suet

[1jat] 12/8/2022 20:34

Results did not move the dial.
A decisive move to HK and a China listing is needed.

Pru is now firmly within china sphere of influence. It cannot be its most successful self if it continues to be oriented to the west in its shareholder base and management.

The transition will take several years unless there is a bid.
Today China Life (second to Ping An) announced it is to delist from Nasdaq citing low volume compared to HK and Shanghai.
If mainland life cos want a heavy regional presence they will look at Legacy western insurer operations for expansion opportunities.

Pru May get cheaper as it shifts eastwards, but a bid should generate a significant premium over todays valuation, although most likely to be funded by shares.

[wynmck] 02/8/2022 11:32

think the lockdowns in China and now Pelosi are affecting here
results next week

[suetballs] 02/8/2022 11:13

Chart looking pretty grim now - and to think this was always 'a never to worry'about holding in my portfolio.
Suet

[f56] 20/6/2022 20:38

The only thing that matters is a transfer of power from the west to the east. Short term gov. vs long term gov.

[1jat] 30/5/2022 19:00

Their operations are now in Asia and Africa (small).
The london head office is a shadow of itself and Pru will continue to move to the far east.
Pru needs to retain a london base for its equity and debt financing….this will change over time. The HK and Sng listings are still low volume.
Lon 9.5m ave vol
HK 172k
Sng negligible (54)

A local bidder could extract various central costs and more of london….will it happen? Quite difficult regulatory environment to overcome, and need to pay non Asian shareholders to give up a diverse asset.
It has not happened at standard chartered bank. Unlikely in my view…more likely Pru continues to dismember itself

[kanwar] 26/5/2022 10:24

If PRU move their entire operations to the East, could that lead to a possible takeover?

[1jat] 25/5/2022 16:45

New CEO starts in 9m time presumably after the 2022 results are announced? Although historically they have been early March.

Nic Nicandrou is leaving as an Asia CEO is not needed when the group is mostly Asia and the group CEO is local.

The share price performance is nothing to write home about…reflecting China lockdowns and HKs descent into a China annex killing off the one country two systems regime that was so successful for 20 years.

Hopefully there will be a bounce when China adapts its covid policies to allow more open business, however I do fear they quite like being able to lockdown the population and control the streets when they want to.

[1jat] 15/5/2022 20:13

Long term holders will benefit…..more shares bought back….dividend secure…
Did not deserve to lose 30% in five days….

Expect a retrace back to 40USD

[riskonricky] 12/5/2022 08:37

Fell well short of Q1 earnings estimates. Many novice UK holders looking to sell and don't care what price is. Its easier to sell £1 for 10p than to buy £1 for 10p

[kamz] 12/5/2022 08:17

Why has JXN price dropped so much ?

[riskonricky] 11/5/2022 18:10

Stupid reaction by sellers of JXN stateside. Maybe that will clear the final UK holders who consider the shares "free".

[1jat] 08/5/2022 21:26

Some people believe in lines on graphs.others believe in god...all double Dutch to me.

[riskonricky] 08/5/2022 16:25

?? What does that even mean

[buywell3] 08/5/2022 07:38

The chart tells the story of the PRU SP

It tells no lies

[riskonricky] 06/5/2022 07:57

How do your squiggles account for the MNG and JXN splits etc etc. And changes in earnings over this timeframe?