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Exane BNP cuts Legal & General to 'neutral' ('outperform') - target 270 (280) pence
Stormer, correct exdiv 25th April, let's see how high it can go by then
Anyone think special divi if cala sold ?
25th April
It goes ex dividend on the 30th of april plenty of time for the market to turn. if not I'll stick it in rolls royce.
What a silly billy and only weeks away from exdiv of 15 p
Look at PHOENX Group. cheaper metrics. massively growing cash pile on an undemanding P/E and great dividend policy. yielding around 10%
AP
totally agree with you, funds available, too pricey for me at these levels
One thing I know.
Lgen aviva. Barc nwg Lloyds
I am not buying or reinvesting a single penny at these levels
Not sure why anyone would want to sell a month before xdiv but i guess they have their own reasons, but i agree the share price is a bit underwhelming, if it reaches 2.60-2.65 i will be selling some off and adding to my funds, if you take inflation into account we should be seeing a new high at this time of year, Aviva was my only share to finish in the blue today
Very astute post . Plenty of people I know choose not to work full time, just the minimum 16 or 20 hours a week or else they have to pay all their rent and c.tax, which is otherwise free or heavily discounted.
This lack of FULL time work from a huge section of society, then forces HMG to think immigration is the 'answer' BUT this is wrong, as it means HMG 'assume' that immigrants will work full time, but, many, after being granted permission to stay, soon take on the British way of life, as entitled to the same benefits and thus they too work the minimum, so HMGs answer is then to bring in more, rinse and repeat.
Problem being, that the newcomers will age, and then what? Bring in the rest of the world to work to pay for an even larger retired population?
Hi tech, mechanisation, AI and high end electronics is the way to go, not forever paying people to breed, but to reduce the need for a manual workforce, so the then available for work can do the jobs that machinery can't.
Otherwise the death spiral of inorganically increasing our population will destroy this country, our culture and ensure that poverty only increases for all but the few. Seems to be happening already.
Lets hope solutions to ours and the worlds problems are doable
Not sure I could be bothered trading a boring stock like lgen, what for. Just buy a shed load and leave it in for dividends over years lol
Sold my holdings today waiting for a re entry point at a lower price. This stock yoyo's up and down.
The U.K. property market is a barometer of the U.K. economy. Normally when the housing market is doing well so is the economy. To my mind we need the base rate at 3% . I don’t know what you do for a living but I invest in property and all I hear back is people are sitting on
their hands due to waiting for cheaper rates.
Bailey should be setting out a timetable, we have gone from 12% to 3.4%, inflation . They are
not getting on with it, we need interest rates down and sharpest. We also don’t want a distressed housing market as that offers no comparable value.
You may not like the fact that the housing market is a barometer of the economy but that’s how it is, especially in the U.K.
Finley1 - "Interest rates need to drop to something like 3% to give the property market a kick up the rear."
Why does the property market need a kick? Its an open market. If sellers are desperate to sell (forced or otherwise) then they'll drop their prices. Even if inflation drops to 2%, prices are still rising and is going to be painful for consumers and businesses. Even if they drop rates, the country isn't going to grow. There aren't growth industries in the UK. We're a nation of consumer and service led.
I know it gets harped upon in the media, but our inflation is high now mostly due to lack of workers. With a worrying number of people in the 18-50 category who sign themselves off because it doesn't pay to work, axing benefits and making it far more stricter to obtain would have a better effect on inflation and the economy. You won't sway the hardcore people who are never going to work even if they had no money coming in....but the low hanging fruit who would reluctantly go to work that turn to county lines and petty theft would make a dent.
As for growing industries, again, we don't have a population with that growth mindset.
What with the recent rise across the markets, it’s now a tricky decision . My view is that interest
rate cuts are priced in. What will be the next driver of the market, I don’t think there is one.
Interest rates need to drop to something like 3% to give the property market a kick up the rear.
Can’t see that happening by out to lunch Bailey. I would say we may be in for another tough year.
I did try to contact dearest Bailey but he is of course out to lunch !
Meconopsis
Interesting . Those are key things I expected to happen in June at the earliest so we may see not only a rate cut in may, but a couple more before Novembers election
Plus there’s another
Budget or ‘fiscal event’ before November.
My pension pot has rocketed in the last two months, so Sunak this week was right about pensions going up.
Looking like 2023 a good year to have been loaded up on stocks in preparation for this year.
Not related to LGEN, but I thought it might be of interest - https://www.bbc.co.uk/news/business-68634968
Faisal Islam’s take on likely economic news in the Three
Key Dates section.
Let's hope this can grow some legs for April, Aviva is winning the race by a country mile at the moment
"Underperforming the FTSE again as usual. I had been hoping for a bit of a surge, given that all those so called experts keep reminding us that the stock should be trading at 300p plus."
You may very well be right that this may never move to levels many investors here feel would be a fairer reflection of the value of the business. I've only been a holder for about 4 years now so am not too familiar with the share price fluctuation before then, but I feel the price in that time has been one part a hostage to the unpopularity with the sector and 2 parts the complexity of the business itself.
Since 2020 there seems to be some issue that rears its head that is used to knock L&G - paying businesses that closed during covid, fears L&G were too heavily invested in high yield bonds, US banks failing, commercial real estate prices falling, gilt meltdown/ disastrous budget fallout, withdrawal of funds from its asset management business, fears over the growth potential of its main businesses etc.
Yet many of these didn't come to pass and the business still goes on from strength to strength.
Reuters via Apple News - https://stocks.apple.com/A-CHXCVktSg25SzCCiLzc4w
“ British insurer and asset manager Legal & General (LGEN.L) has shelved a plan to obtain a China business license and more than halved onshore headcount, two sources said, joining a list of global financial firms scaling back in an uncertain market.
Legal & General (L&G) had been planning to apply for a QDLP (Qualified Domestic Limited Partner) license that allows foreign firms to sell offshore products to Chinese investors as part of its asset management business push, said the sources, who had direct knowledge of the matter.
The company, with 1.2 trillion pounds ($1.53 trillion) worth of assets under management globally, has shelved that plan now and, as a result, last month cut its local team size to two people from around 10, they added.
The remaining two will focus on the firm's existing business of managing Chinese institutional investors' offshore assets, said the sources, who declined to be named as they were not authorised to speak to the media.
L&G did not comment on the business license shelving or the job cuts when Reuters sought a response but said that China remained "an important and large market opportunity for asset management over the long term".”
Zac, that is very true, but as far as UK shares go this is one of the better ones, it's been full dividend payments with no loss of capital here for myself, you could do an awful lot worse, I'm looking to sell around 25% off if it should reach 2.65 by exdiv, but should it drop to around 220 ish weeks or months later, i would probably buy them back, i'm all for around 65-70 % in international funds, but quite happy to have a small selection of reliable shares in the mix
Eckie8 - " . . . Same as it ever was!! . . . " - Of course it is. Why would you expect anything different. Over 5 years LGEN has returned 29%. FTSE100 26%. FTSE UK Index 25%. I'm afraid the UK stock market has been a laggard for years.
Look at the 5 year return from a global equity tracker fund at 84%. Remember it's a big wide world out there and the UK is only about 4% of it!!!!
Eckie8, Plenty of time yet, hopefully we will get a good run in April on approach to exdiv
Underperforming the FTSE again as usual. I had been hoping for a bit of a surge, given that all those so called experts keep reminding us that the stock should be trading at 300p plus.
Same as it ever was!!