Prudential Share Discussion Threads

[1jat] 02/5/2024 19:58

1/2d I suspect there are significant anti-trust issues in an AIA /Pru combination…
They both hold a lot of top5 market shares across the region. Not insurmountable but definitely problematic at a market level.

[jason29] 02/5/2024 16:51

Bought some earlier. Seeing so much negativity around a Share, normally a sign people are capitulating and the Bottom if not reached already, is close. Will top up if required around £6.50. Good Luck if anyone is still actually Long here.....

[halfpenny] 02/5/2024 07:51

Now a Target at these levels.
AIG likely to make an offer 600-800p plus.

Future bright as results improving.

[1jat] 01/5/2024 17:12

No excuses for pru…it is a USD earning company now….but with no US presence
Vod is in a capital destructive industry….it sold its US investment and squandered it.
GSK - lack of investment for many years being put right now
Diageo - impacted by changing habits of Millenials and Gen-Z as well as boomers cutting back.

None of them tech / disrupting their markets….these more steady companies out of fashion.

[chillpill] 01/5/2024 10:36

How can UK companies like PRU,Diageo, Vodafone,GSK, Legal and General continually underperform against their international peers?

It must be culture/management imo.

Name a top UK company that has compounded at 10%+ pa over last decade…then look at the US.

[rbewes] 30/4/2024 17:14

That sir is my WIFE.

[kanwar] 30/4/2024 16:10

What a DOG.

[churchill2] 30/4/2024 14:04

I cannot fathom out what is happening here. Prudential were matching near enough their main rival A1A for all of 2023.Now in 2024 A1A have carried on in similar fashion while Prudential numbers are dreadful.Has anyone got an explanation.

[1jat] 30/4/2024 11:59

The market is pushing them to a buy back…and at these levels, probably a good idea.

[jubberjim] 30/4/2024 10:37

I didn't think the results were all that bad but like lloyds this share is most unloved.

Am now increasingly tempted but the share price movements elsewhere are at an astonishing variance with my own innate perceptions.

While this state of affairs continues and for the reasons outlined in earlier posts will stay on the sidelines

No appetite for the moment

[kanwar] 30/4/2024 09:42

Very disappointing.

[1jat] 29/4/2024 10:27

AIA rose by 6% in HK today as it announced a 31% growth in value of new business in Q1 24 v 23.
It also announced a new capital returns policy:
75% of net free surplus to be returned to SH annually. Using 2023 as an example this is USD 2.3bn dividend (at twice the yield of Pru) and 0.6bn buy back.
Using their surplus capital they added a further $2bn to the 2024 buy back programme.

Over to Pru tomorrow.
The omens for good Q1 comparatives are strong.
Not expecting Pru to announce any capital returns…but a buy back should be considered soon.

[careful] 17/4/2024 09:55

Well timed.

All of this bluster about Hong Kong, Taiwan and trade war will blow over.
We shall muddle through, everyone is scared of the consequences.

We still fear, and should fear, any country with a nuclear capability.
Anyone who could flatten London or New York in an afternoon is to be be respected.
They also know that their major cities would be flattened at the same time.

I have topped up with Pru recently because I think Asia will be a good place to do business.

[fiscal cliff] 16/4/2024 12:32

Just doubled up on my modest holding. May not have been the best time to do it, but I've never lost money holding the PRU.
There's always a first time.........

[scorpione] 15/4/2024 17:47

The 20 dirt-cheap UK stocks that could make YOU a packet



8) PRUDENTIAL (FTSE100)
Jonathan Unwin, UK head of portfolio management at Mirabaud Wealth Management, says Prudential represents a 'compelling opportunity' for investors.

The shares have declined in value by 37 per cent over the past year – a result of being listed on the out-of-favour UK market and economic clouds in its target markets: Asia (China especially) and Africa.

Yet Unwin is convinced that Prudential's strong franchise in Hong Kong (spilling into wider China) will improve. He says: 'Its double-digit growth in revenues is not priced into its shares. Its share price is cheaper than the wider European insurance sector.'

Investor Interactive's Richard Hunter says the opportunity for the company to write additional insurance premiums with consumers in these two continents is 'significant.' The shares are priced at £7.16, and the dividend yield is modest at 2.3 per cent.

[its the oxman] 15/4/2024 16:24

Still just about clinging on above 700p.

[careful] 12/4/2024 16:33

Just bought a few.
PRU shares have halved, are things that bad?

China seem to be the bogy men in the USA at the moment.
Our village idiot Ian Duncan Smith never stops slagging them off now his Brexit work is finished.

One US Government official on CNBC warned the China were trying to become the Worlds strongest economy and thus are a threat to the USA.
Of course, it is called ambition... they really are crazy in the States, they can't stand the competition as China move up the value and technology chain.
They will ban Tic Tok, it is too popular.

We have to hope that if Starmer wins we can stop taking instructions from America.
We should trade with China and India, I bought PRU today thinking that relations should improve.

[bookbroker] 12/4/2024 16:05

Sad to say but the it has the China Syndrome, best thing is to try and find a merger partner or full sale. London listing hopeless with the polarisation between the US and China. Management need to start about considering dropping London as primary listing.

[fiscal cliff] 12/4/2024 10:53

FFS! PRU struggling around seven quid.

[bookbroker] 05/4/2024 13:46

No, there is no point, likely misunderstood and under-appreciated on the basis of its Chinese onus, but even more of a reason to potentially delist in London, or better still receive a bid from neck of the woods.

[essentialinvestor] 05/4/2024 11:01

Look at what % of their profitability is derived from HK and China - that's your answer.

No point railing against the business, their closest listed competitors have also taken large share price hits.

Aviva is a UK focused business, now very little in common with PRU.

AIA may be the closest listed competitor and arguably in a stronger position than PRU - their share price down the best part of 40% over 5 years.

[bookbroker] 05/4/2024 09:53

Awful stock currently, management failing miserably to create value. Not sure who they are, Asian naturally, but seem oblivious to the decline in return for holders. Takeover must be on the cards by Far Eastern Life company, things cannot go on like this, even if Chinese economy underperforming, but this company is on many countries so not totally dependent on any specific one.

[action] 04/4/2024 08:56

Even 700p is good value