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@ fatprofits
I also posted this yesterday.
Bracing for a buying dip tomorrow but at 774p this is already at a bargain so in for a bounce too. Always a market reaction with this beauty.
Add £5/£6 bring it on
or
Trim £8/£9
Let's go Brandon ( Bless Joe even saying it himself ;) )
What a shocking collapse, all the commentators seem to think results are good ! what the hell would have happened if the results were bad. Maybe a low ball bid from a competitor will just put this out of it's misery and we can all move on.
I dont get this, if profits have surged why the SP going downhill? I thought good news equals higher share price! Is there something dodgy going on these days in the stoclk market?
It's the way I trade.
A pop up I trim, which I did, but I retain a core to average down so not need to get too worried. With PRU I sold my add yesterday and bought back too soon thinking 740 was reasonable.
Will trim on a rise and have bought some more at levels I never thought I could buy at.
Fret not, as I am sure you have other more pressing needs.
Mx
" Sales growth has continued in the first two months of 2024 and we are seeing measurable progress."
obviously of no interest to the market ....They are looking for a 10% drop from the opening bell
SP well below COVID ..now back to 2012 levels
i guess they wanted a buyback or higher dividends ...
Absolutely f*cking ridiculous movement today. This is haemorrhaging and heading down to covid levels. Madness.
At 8.02 this morning you posted ...adding.
Now suddenly you ...trimmed at the open.
Always a reason to shaft companies - in reality the shares are a plaything and the contrarian view wins again. Having trimmed on the open, I have now readded.
Looking at the volume and who is printing it , I think there is one institutional seller who is being forced out due to redemptions and has waited for the numbers to source liquidity ...hang in there , when he's done they should rally
Concern that Hong Kong growth will moderate in 2024 after strong 2023 post pandemic China re-opening
Its just the bots driving it down, they need to be banned. Nearly very time the there's good news on any share they sell driving down the sp.
And there is scant yield support on PRU.
AIA is in a stronger postin China and HK as well v PRU.
The FT last year referred to PRU as an AIA ..wanna be.
Bought at 7.48
A pop and flop today for sure, adding here as it falls LT.
Why would PRU be treated differently...
If the UK market does not like Pru, then it should make its primary listing in HK where there may be better knowledge of its business.
Wow, hit the 50dayMA (812)and plummeted. In a real death grip, will come to an end, but when?
They needed to have put the dividend up by more than they did. The share is neither a growth share or income share….. “Falling through the crack in the payment”.
New business profit up 45 per cent (43 per cent) to $3,125 million. Excluding the effect of interest rate and other economic movements, new business profit up 47 per cent (45 per cent)
- Operating free surplus generated from in-force insurance and asset management business of $2,740 million (2022: $2,725 million ($2,760 million))
- Adjusted operating profit up 8 per cent (6 per cent) to $2,893 million
- EEV shareholders' equity is up 7 per cent to $45.3 billion, equivalent to 1,643 cents per share, on an AER basis.
Take it down to £6 Mr Mkt, I want to be the house on this.
Should be 850 today, what a disgrace.
Adding
Well that was a good 10 mins of passion 😟 … back to misery now ..
Lol Mr Market 🤣
Well done to Anil and his team. Excellent results and much more to come all the way to 2027. £10 per share incoming!
12 markets grew by double-digits, demonstrating the strength of our multi-market and our multi-channel platform.
Growth was led by Hong Kong but there were also notable performances in Malaysia, Indonesia and several businesses within our Growth markets segment.
Importantly, we delivered high-quality growth and compounding earnings; We were able to grow APE sales by 37 per cent whilst improving our margins.
Increasing new business investment by a third, generating around 4 dollars of value for every 1 dollar invested.
We delivered 8 per cent growth in IFRS earnings, and a 17 per cent increase in embedded value operating profit. This drove embedded value, up 7 per cent to 45 billion dollars.
The number of active agents per month grew by three per cent, and productivity increased by 59 per cent.
We continue to develop PRUForce, our technology-driven distribution platform for agents. Across the 115 thousand users that we have been able to onboard, we are seeing an average productivity uplift of around 30 per cent.
Singapore, we have begun to streamline our offering and build a scalable platform by launching Prudential Financial Advisors and at the same time establishing a Wealth Academy. We plan to double the number of advisors in this market in the next 12 months
in Hong Kong, we delivered an exceptional performance with new business profits over three times higher than the prior year as the border re-opened and the economy recovered strongly
India reported 1.1 billon dollars of new APE sales on a 100 per cent basis for 2023.
ICICI Prudential has a track record of increasing margins, and we see a clear path for further expansion