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Ping An Q1 results were out today…..showing strong progress on the sales side over Q1 last year…but profitability slightly down. Suggests CITIC-Pru JV should show improvement in the Q1 update next week. Has the corner been turned?
"...Until then, the bottom is not even close! "
well the price has moved from a low of 684p to 740p , an increase of 8%
Earnings report on 30th April, 2024. Hopefully will give the price a well needed boost.
Loooooser, fair comment, but maybe it is part of their strategy not to pay a high dividend? Money paid in dividends is not money reinvested in the company. I own Legal & General and every time they pay a dividend, the share price drops by way more than the dividend so I always sell the day before the ex-dividend date.
More than likely, this will go back up when the hedge fund managers want it to.
Apart from candle sticks and other statistics, what has fundamentally changed since Year End to grant this optimism?
In March there was a little blib upwards after the Year End presentation, which soon after left the shares stranded further.
Dividend for thia company has been appalling , certainly for this group of companies. Compare dividends with say Aviva, Legal & General, etc. For the dividends to be brought in line the share price still has to drop further.
Most importantly, it is the fundamentals that will bring inveestors in subsequently a rising share price will bring investors in. Until then, th bottom is not even close!
BritishBulls says we may be at a market bottom but don't bet the farm on it.
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=PRU.L
Let's hope we hit bottom yesterday. Only upwards from here hopefully 🙏 😀
I bought yesterday too.... mainly because I thought it was an insult to price them so low.... decided to give the shares a proper home :-)
I topped up yesterday hoping that's how low the price will go. This stock should do well.....at some stage anyway . :) 😀
For what it's worth, Motley Fool has a positive view. Now it is down to finding the bottom.
https://uk.finance.yahoo.com/news/down-40-ftse-100-stock-060400928.html
That's not the case as MNG and Jackson have been demerged since.
You would need to recalculate by adding back the value of demerged businesses to the PRU market cap - at the time of dermger - to make it fairer, rather than their current values.
40% of their profit is derived from China and Hong Kong.
The rest Asia and Africa.
It's not ...the UK's premier insurance company.
Unless you are just referring to the market cap - which is rapidly shrinking.
Unless
I think this is nearing the bottom, now is the time to buy let the dust settle tomorrow they cannot stay at this price, this is Britain insurance flagship, might even be a takeover!
Bought in at £6.96 better than expected China growth hopefully should lift the shares tomorrow.
Last at this price August 2012.
Down to year low 40% down.
China just announced higher than expected growth
Got to be a long time buy at this price.
Are Pru now in a value range?, noticed a couple of insurers are near all time lows
Maybe a good time to add for the upswing?, if it ever comes
Or maybe some mergers?
For a moment, I thought I could discern a change in direction of the SP….but no. Not this week.
Great stock
Https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://money.usnews.com/investing/news/articles/2024-04-10/goldman-sachs-lifts-china-2024-growth-forecast-to-5-0%23:~:text%3DApril%252010%252C%25202024%252C%2520at%25208%253A49%2520a.m.%26text%3DBEIJING%2520(Reuters)%2520%252D%2520Goldman%2520Sachs,in%2520a%2520note%2520on%2520Wednesday.&ved=2ahUKEwia_66YmLiFAxVkif0HHRVQBHMQFnoECBUQBQ&sqi=2&usg=AOvVaw2Tjf1niK70oY5PyyDD-hbl
This downer on PRU because of doing its business in China etc. is way over done. Hoping for a bounce back sooner rather than later. 🤞
I've started a small position today, and will look to accumulate slowly. At some point it will turn around, the company seems to be doing well, just China/Asia sentiment is poor. The size of those markets is undeniable, issues in the short-term, but for a medium-to-long term play, this looks like a good price to enter the market and 'DCA'. Good luck all (Bulls).
Big question is what does management do with $3.5bn of holding company cash, excess capital
It wouldn’t surprise to see a takeover or the company themselves starting a buyback soon to try and get the sp up
Depends who is buying big I guess
Can the price be so out of kilter with brokers' predictions. If it isn't then this could be the bargain of the year! Surely an uplift in the SP must be imminent!
Tenner on Friday 😅
Price has fallen too far