London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Agree and this is why this time I dumpped the lot, what with the the Iran/Israel mallarky the run up to ex is way off kilt for my liking as even now I could easily get back in but im staying out on this way past ex , need the dust to settle which it will 220s or there abouts would be my predictions or maybe even 10% down from todays price wouldnt be far off
Very good research from Gary, thank you for that Gary59, I definitely don't regard this as a dog share, far from it
This has been my number one favourite share for many years, however as you may have noticed from my previous more recent posts i am disappointed with the current low sp on approach to exdiv, it seems to have gone backwards over the last couple of years, so for that reason, sorry lgen but i have downgraded you to third place, aviva taking first place mng second and lgen 3rd
to be honest i was hoping to have sold some off it it reached 2,60 or more and bought back 2.20 or less which is where i'm expecting this to drop to after exdiv, if it wasn't already one of my largest holdings i would have been just as happy to hold and add more when it dropped, anyway it is what it is, i still think this is a good share to hold in my portfolio and hopefully the share price will improve when interest rates drop
GLA
" Investors take the risk then HM government plunder most of the profits."
but any tax is against net profits, after claiming full losses against gross profits
Don't understand people selling just before ex-dividend day ..
Gary 59
Thank you for your comments. Pleasantly surprised that the share price held up today. Let's hope the momentum continues. I am holding and had hoped this the share price would mirror the dividend increases. I'm not going to hang around forever and in around 5 years time hope to cash in and spend the capital before the taxman and the kids get the rest. Just hope the share price will have risen a bit by then to cover my investment??
Don't want the endowment mortgage shortfall I suffered to repeat itself in stocks and shares!!
Eckie, Oh dear, not!
Yes LGEN is a frustrating & a perplexing share & I respectfully suggest that the company is now so big that us mere mortals find it hard to understand the intricacies of the company. However, for those that class it as a "dog share of the FTSE" activity in the US, Canada & Europe is increasing fast & I mean fast. The earnings from outside of the UK will support it well in the decades to come & it will be a FTSE share in all but name (unless LGEN decides to up sticks to the NYSE or Frankfurt).
The high interest rates that we have now have been causing issues for the investment management division but these rates are benefiting the larger pension businesses, so that's a draw.
As we know pension risk transfers see LGEN take on responsibility for paying the pensions from a company's final salary pension scheme in return for a hefty lump sum & ongoing service charges (Boots etc). This is underpinned by assets developed elsewhere in the company in thriving areas, record volumes are being produced across all businesses.
As for the dividend which is north of 8.3% as I type, this is very well supported, let me explain.
The Solvency II ratio stress test, this sets out requirements to insurance companies to ensure the adequate protection of policyholders and beneficiaries, a core measure. LGEN's is healthily above 200% at 224% & as such offers up reassuring resilience. Another plus on the dividend side is that capital income far exceeds dividend payouts.
I understand that a lot of people invest for growth in the SP & I respectfully suggest there are better shares out there if this is your game (unless a bidder comes in for the lot), however if you want 8%+ dividends just buy & forget. Was it 1999 that Nat West tried to buy LGEN for £11 bn?
Not long now until the 'strategic review' announcements, now that might move the SP one way or the other.
Good luck all, you might have gathered that I'm keeping my shares & may add which is unusual for me.
Bertram, the refusal to pay is more likely to be because of stricter regulation over the name and account number being identical on any form to what is recorded online. All this concern over money-laundering just gets in the way of common sense - which doesn't operate in any automated systems. I had to resend a payment to someone because I'd just used an initial and the account is held with full name! Can't blame NS&I for this, it's legal requirements and automated banking systems that make for difficulties... Incidentally, NS&I have been brilliant over my late husband's holdings - sorry you've had problems.
Expecting this to slowly go negative again by the close of business today. I do hope I'm wrong but this seems to be the trend for the stock. Not sure why but perhaps the shorters are messing about?
Will re- enter sub 220s and it usually never fails to disappoint
Flaccid sp pre ex
DAVB, thanks for reply. In my case it has been a nightmare. The bonds were bought for me as a child 50 years ago in my mums name. She had lost the holders and NS&I number in this time. After NS&I talking to my mum twice, various documents, witness statements signed by a PC, eventually after 8 weeks received numbers. They refused to send payment as "wrong acc number and name was placed". Although the bonds were mine I have now asked for warrants payable to my mum. We are now at 12 weeks and will now place it in the hands of the ombudsman. All for £18, cost me more in stamps. I have over 40K in premium bonds which I will sell as I don`t trust them to pay my children on my demise.
Sorry to hear about your late wife DAVB. GL Sir.
Legal & General (UK) (GB:LGEN) has released an update.
Legal & General Group Plc reported the vesting and subsequent sale of conditional and restricted shares for several key executives on April 13, 2024. The transactions occurred under the company’s Share Bonus Plan and included the sale of shares to cover tax liabilities, with some directors retaining a portion of their vested shares. All transactions were executed on the London Stock Exchange.
We may see more buying now since it goes ex-dividend next week, 25 April,
Fatherjack99
A 250p share price will generate an 8.3% yield this year. Perfectly happy with that, although I appreciate that my decent rate of return does not tally with everyone.
No it won't, not if the sp drops by the same amount or more, but it might if the sp rises
but good luck to you
Apologies for wrong name....dratted auto fill.
Bertrand.
I contacted NS&I regarding £5 of bonds that belonged to my late wife.
I had to give them a little information and send them my marriage certificate and my wife's death certificate and it was all sorted in around 2 weeks and they returned documents recorded delivery and money paid direct to my bank account.
Inflation.....iran v israel....putin...none will help
Going exdiv next week and this is still dropping on an up day, makes you wonder how low this will drop after exdiv, not sure why it's gone like this, it used to do well on approach to the big dividend
Down down deeper n' down. The FTSE is up 1.65% in 2024, compared with LGEN down 2.22% in the same period. Given that the share price usually drops by more than the dividend (now taxed at 8.75%), this stock is classified IMO as a basket case . Nigel knew when to get out, with quite a few million to boot.
Legal & General Group PLC (LSE:LGEN) and M&G PLC (LSE:MNG) are rated as ‘buys’ amongst the UK’s life insurance market, as analysts at Deutsche Bank highlighted its expectations for growth.
DavidBrent, you are right on one part GB being unattractive to invest in hence stagnated FTSE for last decade+. Investors take the risk then HM government plunder most of the profits. Bodes the question why invest? Not to bad for us small investors using ISA`s but not attractive for the institutions. Even small investors are fed up with Gov greed.
Does anyone have old premium bonds bought for them as a child? I have been trying to sell £17 of them using NS&I. 12 weeks and still not resolved. Another Government dept not to be trusted.
A 250p share price will generate an 8.3% yield this year. Perfectly happy with that, although I appreciate that my decent rate of return does not tally with everyone.
Yep if this gets to the mid 250s before div,I'm off, my modest, worst Bank account outperforms this. I think that's quite a worrying statement really. This is a very decent company, but investing in GB is so unattractive this days that even a decent company can't give you a decent return.
I guess im being greedy as have already had an early dividend in january as sold the lot and then bought back in the low 230s, I did think they would be higher today but the ftse is ready for a fall I think as predictable as the rain, that always has an effect on this so dumped them all today taking another profit, have topped up my mng and phnx whilst they are in bargain territory, will look at this again after ex and give it some time to settles down, I hope all who stay get a lovely rise pre ex but ive done ok this year with this to quit it a bit early,GLA
You are bang right there Nick, Dividend vs SP has not added up for a while, years in fact imho. falling interest rates should help but still just seems out of favour. Where can I get near 10% in a bank? The company looks very healthy and I will continue to add to share ISA keeping the Gov,s sneaky fingers away from any gains. GL.
Im Hoping for decent rise into the ex div date