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And, for arguments sake, even if you assume a completely static SP of say £2.50, LGEN has returned, over the past 5 years, 6.7%, 7%, 7.4%, 7.7%, and 8.2%. That’s a compounded return of roughly 43%, and is increasing each year. If you want to make quick money, go to a casino. If you want to get rich, there’s few better than LGEN out there. IMHO.
His Bank is either in Nigeria or Haiti!
You must let me know who you bank with. 12%+ is a heck of a return for a current account. (Annual SP change + divi reinvested over past year).
The problem is (in my opinion for what it's worth) though all the previous comments are true, there's money to be made somewhere now,and it not been L&G for a long time. So you are either in the right place or the wrong place now. I will take the upcoming div then have look at a good time to get out. My bank account is out performing this.
Phyl,
We need to be patient and remember that
A) the market is currently looking elsewhere. This will change in time but means we are currently attractively priced
B) the fundamentals are strong with great growth prospects
C) they had the pick of the market and by all accounts he is impressive and the real deal (friends of mine have worked directly for him and rate him)
D) interest rates next movement will be downwards and then the sp will rise
E) in the meantime we have a decent and secure dividend to enjoy (and that is why most of us pi’s are here after all)
I share your sentiment re the burning bridges comments. I sold 60% of my RR holding on the back of them. My regrets are soothed by the relief that it was only 60%. I had taken quite a large (for me) punt on them when they hit rock bottom in the pandemic. I reinvested the proceeds here and I would be fibbing if I said that “what if” never crossed my mind.
Ya winsome, ya losesome
GLA
I confess LGEN hasn't performed well SP wise particularly versus it's rivals such as Aviva and Phoenix, but I guess that's why it has a new CEO. And that's why the strategy announcement on the 12th June is such an important diary date for us investors. We should learn the direction of the business moving forward, and hopefully, one whereby Mr Market approves. The SP continues to stagnate which means the same applies to its market cap. Surely, this will be a matter of priority that António Simões would want to address. I am aware that no more has been said regarding the consultants he has employed so no early signs. I'm guessing the dividend policy will remain the same, but who knows. The divi promise comes to an end this year so we await with bated breath what the next 5 Yr policy will be. Normally, growth comes at the expense of dividends so will he continue to steer the boat in calm waters as per the previous CEO or will he change direction? We've seen what a new CEO can bring to the fortunes of a business... just look at the turnaround with RR. We gould do with a bit of the same please Antonio albeit without any talk of burning platforms!
In a few months companies like Bt vod and ids could be performing well and everything else could be stagnating, its swings and roundabouts for the sake of a few months.
But yes it’s a bit disappointing. I don’t think a 6/12 month chart can tell you too much comparatively though.
I have equal money in lgen and aviva, but aviva price isn’t enough for me to sell at. So the difference between the two companies short term performance is inconsequential to me.
Stock market recoveries happen at different stages and speeds. I was under the impression banks insurers and houses were first, retail last and everything else in between. So I guess it’s just a case of patience.
AbjectPerformer, It probably will to be fair it's a solid company, just disappointing to see it under performing at the moment
It's a bit of a confidence booster when you see a share reaching a new high before the big dividend payout each year, and obviously the opposite when you see it reducing
Lgen has declined in the last 3-4 years like most ftse.
If you look at aviva and lgen 10 year charts aviva is the one in decline despite recent recovery.
Lgen will recover somewhat too. They’re both decent stocks
Phyl, I think the brokers have their own motives, you can't deny the fact though that this has been on a decline since January 2022 you only have to look at the 3 year charts, whilst Aviva is currently on a 5 year high, the dividends have been very good here, but if you take inflation into account you would expect a higher sp, also a little concerned which way the new CEO may take this, not saying this is a bad share to be invested in, but not so impressed with it lately
Maybe a meal you enjoyed in the past, but are now fed up of.
David
What meal would you liken legal to?
Thanks
What's wrong? Continous medicore performance about covers it, this is just bland. If you were coming home to legal and general for dinner tonight you wouldn't be very thrilled about it would you?
Honestly guys, I've learned the hard way, to never trust what a broker says, either positive or negative. Not worth anyone's time reading in my honest opinion.
Just thinking myself,why out of the insurers I hold LGEN has the weakest gains in the last few months
I have held shares now for 20Years+. Please will someone explain kindly to me how Brokers logic works. What do they see as wrong with LGEN? I sometime think they live on a different planet ( Fullers earth perhaps) as their reasoning never seems to make sense. A company who`s dividend is non existent and will never be a high payer rated huge amounts/ percent above current SP and a company with high yield, no debt and well run, rated under preform. Don`t get it .
Come to conclusion if I had followed Brokers advice my returns would be very poor, not keeping with inflation. Happily my returns are good. Any thoughts?
Just looked at the us fund and looks like it’s invested in the stocks I wanted but never bought early enough!
Largest holdings %
1 Microsoft 7.48
2 Apple 6.16
3 Nvidia 3.54
4 Amazon 3.03
5 Alphabet 1.86
6 Tesla 1.75
7 Alphabet 1.68
8 Coca-Cola 1.67
9 Trane Technolgies 1.30
10 Eli Lilly 1.29
Guessing the 40% us is the reason my pension pot rocketed recently
40% of my pension is in Standard life sustainable index US equity pension fund
8% is in the same fund but European
Then 7% in same fund but Uk.
Rest is spread across world
Any thoughts ?
I have shares in Aviva barc lgen nwg. I’m up on all of them and I reinvested all my divis. Going forward I won’t reinvest divis as they have risen.
I had Sainsbury’s at 170p and sold at 265p
I had RR at 115p and sold at 288p , wish I’d held, but I put the money in phnx at 475p
I am in the red on ids vod and Bt.
Santander have done rather well in the last year. Especially since our blokes departure. Hope its a testimony to his legacy and not the joy of him leaving.
Have you considered RR? They have risen around 200% in the past year or so and are predicted to rise some 49% in the next three months.
Zac, thanks for your reply.
Would it be safe and appropriate to post which profile / fund im in with my provider
AbjectPerformer - without knowing specifically which fund(s) your pension provider invests in I can't say.
However, whilst I do hold a number of funds, I have been migrating over many years to simple global equity tracker funds. I hold Legal & General International Index Trust as a core holding. I've just checked and my inital purchase was made on 2nd July 2019 at £1.54 per unit. Today it's worth £2.62 per unit. A 70% return!
To put that into context had I purchased LGEN on the same date, and reinvested the dividends annually, my holding today would have returned 33%.
That's a massive difference over time.
I’m assuming these funds you’re directly invested in are some of the same my pension provider invests in.
My pension pot has rocketed in the last few months, it has almost doubled since Covid low.
Granted, monthly contributions from myself too though.