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BBD.To clarify I mean the new Pru in isolation, the time lapse imo will be caused as much by outside influences rather than the trading figures for the Company.Even the Directors must be watching with a keen eye as to how the split will perform going forward.MNG may well perform better than I originally thought, but all in all steady as she goes.
Full agreement on price for International buyers but we keep getting drawn into America`s troubles whether we like it or not.There are many quality Companies that deserve a rerating.
Not sure if you mean PRU and M&G combined prices should reach £20, or just Pru, but I thought the old company should have already been worth over £20 based on earnings and prospects. For some reason the market didn't respond to my thoughts, I think it must be broken?
The whole sector has been under a cloud for some time, but Pru stand out for their robust strategy, and now that they are no longer shackled by either European regulation OR Brexit angst, they are a shiny new, supercharged, Mike-Wells-designed, Prudential 2.0 on steroids, irresistibly cheap to international investors ... in my MIND.
@ TLWilliams. I paid £18.50 back in June 2018, so there's always someone worse off than yourself! I've never had any real worries about the long-term value of the holding and I've just left it on the back burner for the last 18 months. The MNG spin-off helped. Pru represents about 3% of my portfolio (as does each of my holdings), so the negative effect of the current SP is minimal. Like Jamesroo, I can easily see it at £20 in a year's time.
On the 29th of October last I said the trading price for the Pru had changed to £13/15 and that the lows of that time would look silly going forward.Nothing has happened to change my opinion, and yes I may play these market swings but be in no doubt the true value is far above £15 and I see £20 coming within a year or two.Quality shares in a portfolio always shine through and the Pru is just that.Good luck to all.
The slight easing in the trade war seems to have propelled the Hang Seng higher for a whole week, and the effect on Pru seems to be a tenuous, delayed correlation? In truth, the latest "deal" seems to merely involve the US withdrawing extra sanctions which they had already postponed once, and the Chinese agreeing to buy agricultural produce which they needed anyway due to domestic problems. But hey, we'll take it! There may possibly be some pressure on Trump to soften the trade war in order to shore up his deteriorating position ahead of next years election. Let's hope this allows Pru a window to demonstrate to the market their true growth credentials, because growth stocks are normally valued a lot higher than Pru currently is.
I agree Bruce Jamieson, but wish that I had been more patient, and bought at today’s price rather than in the range quoted a few weeks ago. As a patient investor, I am prepared to hold for the long term. The share price will rise from here to a super -£15 level in my view. I have no idea as to the time scale involved, however, as PRU is currently the most volatile and unpredictable share in my portfolios. Regards.
Sadly with stock exchange investment this is normal. If the share is good value paying regular and increasing dividends and increasing profits all will come good in the long run. This is such a share. Worth holding with its spin off M and G
Thanks BlahBlahDoh. you are following the political situation in HK closely, and have added a lot of colour to the general picture from my perspective. I am not unduly concerned as I have recently invested in PRU, following the demerger, and for the long term. I concur about the general FTSE-100 situation this afternoon following a calm start earlier today. All my "blue chip" stocks are down, although my "small MCap" speculative investments (including NANO) seem to be on an even keel. Incidentally your quote on the NANO board was much appreciated. Regards and best wishes with your investments.
Also, China responded to the US human rights bill by suspending US navy visits to HK, plus blocking several US human rights groups, so hopes for trade war talks took a minor hit. And anyway, US and London markets were down generally.
Hi TLW, yes this volatility is normal. Today's is probably due to the continuing protests in Hong Kong, which often happen on the weekend. Some hoped they would die down, but since Carrie Lam has not made a single concession to the Democrats, despite them winning 17 out of 18 districts in elections, there is no real reason for them to stop - she is clearly opposing the will of her own people, which is why they started in the first place. The retail sector in HK is being devastated, especially Chinese firms, but Pru seems to be surviving reasonably well, from what we know so far. The market seems sensitive to HK news, but Pru operates across many territories in Asia, and beyond.
Does anyone have an explanation for why the share price is rapidly declining (currently c. 1350p) having staged something of a recovery from recent lows to 1400p last Thursday? I have not been invested for very long. Is it usually this volatile?