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Zac, i'm not condemning anyone for it, just saying the big earners will probably vote for the party they think will tax them the least, whether that's the best thing for the country is another argument, personally i have worked hard and paid taxes all my life, not everyone's the same, not everyone wants to work
Correction, cgt is levied at 10% it's dividends that are subject to 8.75% tax above tax threshold for a basic rate tax payer
Robleo - Unfortunately, the freezing of the income tax allowance, the reduction of the tax free dividend allowance from £5k to £0.5k and the cgt allowance being reduced from £12.5k to £3k have pushed me in the direction of looking at reducing the amount of tax I pay.
I've happily paid income tax and never really considered other options. However, because of the points listed above, i'm now stopping drawing down from my workplace pension as I'm taxed at 20% (I recieve the state pension) and I'll simply sell down investments that sit outside of my isa and pay cgt, if needed, on the profits at 8.75%.
And thereby lies the problem. The more governments' increase taxes, the more people will look for legitimate ways to reduce their tax burden. Higher taxes can result in a reduction of tax taken.
Anon3, i agree, but a lot people on these boards are stinking rich, and want to avoid paying tax, probably the wrong place for politics, but the majority will decide
Thronegames. Walkersworld is correct. DYOR if you don't believe him.
It's all about investment. Labour do it and the torys don't (a glance at the state of the roads tells you that much). It's why the torys always accuse Labour of leaving the coffers dry, when the reality is they've spent it way more wisely on what's needed and not tax cuts.
(If anyone disagrees with that, please don't bother, as I'm not interested and won't answer. I just expanded on something factual and added my opinion).
As for buybacks, I've never seen them do much apart for the SP apart from increase the EPS, which makes the KPIs look better and probably benefits the BOD more than anyone.
Still got this years isa allowance sitting in the wings ready for action, who doesnt love a bit of uncertainty
Walkersworld, on what basis do you say that? Labour government good for stock market?
6 weeks of uncertainty - markets hate uncertainty - good opportunities will arise - patience is the name of the game.
Not sure if it is always included, but the AGM agenda included the right to purchase their own shares - maybe the June update will include a buyback plan - they have plenty of surplus capital.
I have another £5k waiting in the wings, looks like I will soon find an acceptable price offer for this share.
In general the stock market operates slightly in favour of a Labour government.
I live outside the UK. Does anyone here have a view on what impact a Labour government might have on the UK stock market?
Dentonxxx - thanks for the reply. I do like to read salient information regarding LGEN. Some background to your statement would have added context.
You state that the £150m buy back, alluded to in the JPM report, as being very large and a reason not to sell at this time. Why? It represents only 1% of the current market cap of the business. In addition I view a buy back as a 'neutral' transaction with regards to the share price.
Thanks broomtree. Best of my ability sums it up nicely.
Made a tasty profit though.
"" . . . there is a talk of a very large share buyback being announced . . . "
Really? And where exactly has that information come from?
I was under the impression that they had missed operating profit expectations for 2023!!"
Analysts are always saying LGEN are considering whether to buy back stock so thats no surprise, that has usually been pushed back by the company who have believed they can earn better returns on that cash. However, the new CEO comes from a background where buy backs are a big part of shareholder returns. Furthermore, if he is looking at divesting some parts of the business, then it wouldn't be a surprise to see one initiated because of that. As for affordability, earnings have in recent years been growing faster than the increase in dividends. The most recent figures have been affected because of accounting the need to revalue assets - the underlying business is still very profitable. The company also has a very healthy capital cushion with which it can dip into quite easily to fund a significant buyback without putting the company under any financial risk.
Zac0 - " . . . there is a talk of a very large share buyback being announced . . . "Really??
You less than tactfully asked where this information came from, so in reply see below.
Well actually it's from JPM who upgraded their price target for L&G to 330p from 305p, reflecting on a positive assessment of the insurer's future performance.
"It did so ahead of the capital markets event, set to unveil new CEO António Simões' strategy and to spotlight a simplified business approach, growth opportunities, and key financial metrics and targets, including L&G's new capital management policy.
JP Morgan forecasts the initiation of a £150 million per annum buyback programme by L&G, along with the presentation of metrics indicating potential for significant growth in assets, operating profit, and cash flow, surpassing consensus expectations.
In light of these projections, L&G has been placed on Positive Catalyst Watch, by the American investment bank, which reiterated its 'overweight' rating on the stock".
As these discussion boards are meant to share relevant information I thought I would post salient information for the attention of those interested in this stock. If you'd rather posters didn't do this then perhaps you shouldn't read comments.
I have £7k in this and despite buying in small tranches I’m still only up £100, although I reinvested all my Divis
I sold Polymetal early last year and put it in here but it was at 250p. The rest of my buys were around 225p
I was dithering when I should have bought at the 200p mark both times it was there the last couple years .
Just how it is and even in crappy economy it’s tough to buy at the right time
Toltorisk - I wouldn’t dwell in hindsight, you made a call based on current circumstances and exited at profit…. Job done to best of your ability…. Move on to next one
Tambo210.
Thank you. Yes, big mistake.
Back in October, the world felt like a scary place and I was well in profit. Seemed sensible, but lesson learnt.
Slight mitigating factor, c4.8% cash interest with zero worries. But, still a mistake. Hindsight works every time.
Thanks again.
"I sold a six figure holding in L&G last October predicated on the unrest in the world and other factors"
That's a tasty dividend in absolute terms you gave up...
Holding could have been anywhere between 100k and £999,999.99k.
I'd be losing my nut if the latter!
I sold a six figure holding in L&G last October predicated on the unrest in the world and other factors. I thought this was sensible but L&G was somewhat resilient. I would like to re-invest but will bide my time for now. Takeaway, next time I will invest and trust L&G. to deliver. Fortunately, I exited at a profit, but it was still a mistake. Live and learn.
Do they still issue paper certificates these days? all my stock holdings is held digitally by far easier for selling.
Share buy backs in my opinion will never boost the share price.
Now we are in line with inflation figures should see upwards trend in a few months
But I have said in previous messages LGEN worst performing shares FTSE 100
So you just have to hold on for a year or two yet for the new CEO to get his act together
I should have got out at 3.09
But hindsight is a wonderful thing
Hold on put share certificate in drawer and open again 2026
" . . . there is a talk of a very large share buyback being announced . . . "
Really? And where exactly has that information come from?
I was under the impression that they had missed operating profit expectations for 2023!!
The strategic review date is fast approaching fellow holders, there is a talk of a very large share buyback being announced, not a time to sell in my opinion.
With core CPI only coming down half as much as expected, 3.9% against a projected 3.6% from 4.2%, we’re back to another piece of data that shows Lgen’s sensitivity to Inflation as discussed at the start of this thread?