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 Shares Traded Last Trade
  23.00 2.28% 1,030.00 6,109,998 16:35:21
Bid Price Offer Price High Price Low Price Open Price
1,030.50 1,031.00 1,036.50 1,001.00 1,009.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 19,596.03 1,978.83 -57.46 28,318
Last Trade Time Trade Type Trade Size Trade Price Currency
18:45:01 O 14,989 1,030.886 GBX

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Date Time Title Posts
26/5/202210:24Could PRU be the next AIG??1,718
01/10/202019:30Perseus mining2
25/3/201914:26No chat, no prices.-
07/8/201815:38Trade it AND Treble your Money in 2 Years.427
12/4/201518:18Prudential still heading for 1500?2

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Prudential Daily Update: Prudential Plc is listed in the Life Insurance sector of the London Stock Exchange with ticker PRU. The last closing price for Prudential was 1,007p.
Prudential Plc has a 4 week average price of 881p and a 12 week average price of 881p.
The 1 year high share price is 1,566p while the 1 year low share price is currently 881p.
There are currently 2,749,306,856 shares in issue and the average daily traded volume is 7,580,089 shares. The market capitalisation of Prudential Plc is £28,317,860,616.80.
1jat: 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: China appears to be squeezing the life out of HK at the moment. An Asian focused business that has little Asian ownership /roots and may still be seen as a colonial legacy is at risk of being made a scape goat and punished by regulators and politicians alike…..I hope that will not be Pru’s fate. This should be a pivotal year no MNG or JXN for Pru to hide behind….a new CEO….a potential deal with CITIC to gain more control over the China ventures. My holding is 50% of what it was in # of shares 5 years ago….that is more of a choice to diversify than a negative view of Pru in its Asian form. If it can maintain earlier growth rates then it is a valuable business that is currently going through a transitional period of ownership which may make it unfashionable to own for a while. As Churchill says, the comparator of AIA is clear….I am looking forward to the results presentation this year in expectation that the business is resilient and recovering.
churchill2: Hi NPP Re your comment PRU looks relatively good value at the moment. PRU in the UK is 10% down since January 1st. PRU in HK is down 3% down since January 1st. A1A in HK is up 13% since January 1st. This is our main competitor in Asia. Exchange rates have been more or less the same since the start of the year. As I have pointed out before the PRU is approximately 60% the size of A1A which is valued at 100 billion sterling whereas the PRU is valued is just over 32 billion as of today. That leaves me with a problem I reduced my holding in the PRU substantially when China started to put huge pressure on HK and although the PRU looks a bargain and I am not sure it’s worth the risk. I will have a clearer view when both companies have announced their results shortly.
1jat: Npp There is no jackson Board, and the jackson holders are still likely to derive from Pru shareholdings, hence ok to post about JXN within Pru. We don’t do that for MNG as it has its own discussion group. Re PRU: It will be interesting to see how resilient the asian businesses have been….and how they progress in a digital world post pandemic. There are challenges ahead such as what to do with the China JV not higher % ownership is allowed. If the Board pick an outsider as CEO they will expect change, if they promote Nic Nicandrou from Asia CEO to group CEO it will be a continuity choice.
whatja: Churchill There is a wrinkle that I have not attempted to adjust for and that is the retained 20% of JXN in Pru. My share price estimate is on the basis that all JXN value was allocated across the JXN shareholding. I need to up Residual Pru by about 20-25p to reflect that this proportion of JXN will remain embedded in the Pru price. Anyway….this is more complication than we need and we will know the real value soon enough.
whatja: My thoughts on JXN price. Start with a yield of 7-8% and a year one distribution of $325m minimum in the analyst presentation. Gives a value of $4.6bn to $4bn Number of shares…. 2.6bn Pru shares /40 = 65m is 90% of shares so the number of shares is approx 72m $4bn /72m = $55 sp $4.6 /72m = $64 If the market uses a midpoint distribution in the analyst presentation they would be 15% higher and 30% if the top end is used. An initial 9% yield would see the MV at $3.6bn or about $50 per share. This is only a very rough and ready computation hence a wide range of potential outcomes Anywhere in the 50-70 range seems an initial fair value. Like MNG is suspect the attraction of JXN as a reliable yielding stock will take a while to become established. My long term 2-3 year view would be a target 6% yield on the mid distribution value which gives $86. We don’t have long to wait to see what the XD Pru price will be. A starting price of 60USD equates to 1.5 USD per share or 110p. Perversely if the demerger creates value in the market Pru May fall much less than this……MNG a floated at 220 and the total of Pru + MNG rose by nearly 100. Hoping there will be a similar value uplift this time around.
churchill2: 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.
luderitz: The more I hear about China over the years the more I really don’t want to visit. The negative Pru share price performance should be temporary so not to concerned.
essentialinvestor: I would guess that the PRU share price will continue not be highly volatile with rapid whipsaw moves in either direction. Not necessarily a bad situation for those wanting to trade it, however I'm getting a bit old for that.
essentialinvestor: Prudential will be regulated from Hong Kong post demerger, they also have a partnership with a Chinese owned company. New restrictions may possibly impact pension licences etc. However, as previously mentioned increasing China tensions are like kryptonite to the PRU share price.
Prudential share price data is direct from the London Stock Exchange
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