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A 6.9% secure Div on current sp !!
casapinos, I suggest that you actaully dig a bit deeper. The unit linked assets don't belong to the shareholders (they are matched by insurance and investment liabilities). L&G only held c£3.5m of equities attributable shareholders at 30 June (see note 4.03). It seems to be a very common misconception that insurers hold significant shareholder funds in equities.
casapinos
Legal and general have a beta 1.5 for the last 5 years, not quite a tracker.
: ResultsToday 08:26
It's blue! It's red! It's blue again!
Who cares? It's an income stock.
I care SlickMongoose... I'm looking for capital growth as well as income from dividends but each to their own.
Think I read somewhere deep in the report the board were to concentrate future efforts on earnings per share as opposed to dividends itself but had guaranteed divi growth until 2024. Stand to be corrected.
https://dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=LGEN
pastyc 18th August
Bald Eagle....The analysts will need a few shots of caffeine this am once they get past halfway in these results ! I gave up after 20 minutes and just reverted back to the headline numbers and dividend in particular which is fine. This will stay in my dividend portfolio for another year at least.
When do we go ex dividend?
Our strategy has delivered strong returns for shareholders over time. It has demonstrated resilience through the pandemic and positions us well to navigate-and even benefit from the prevailing market environment. We are confident we can continue to deliver profitable growth…
The results in terms of LGENs performance are fine, targets hit, outlook good, the only reason for muted SP response is to be found in the "Assets portfolio " section of the report. By regulation, LGEN have to hold an enormous amount of liquid assets on the books and these assets are mainly equities and bonds, both of which have fallen in value in
recent months. It is no big deal, but holders here must accept that they are essentially investing in a FTSE tracker, albeit one with the ability to generate substantial revenue from its own activities.
Looks like there weren't many surprises and the SP is following market trend(s). However it could be that analsysts are still crunching the numbers as they have their morning dose of caffeine.
Once the professionals have reviewed the numbers and decided whther to increase/decrease their holdings the sp will firmly move and imv that will be a steady move up over the next 48 hours. Fingers crossed.
I'd just like to say this feels like such a well-run company with a superb CEO.
It's blue! It's red! It's blue again!
Who cares? It's an income stock.
The first few minutes once markets open is never reliable. MM’s are still setting out their stalls to gauage reaction
Holding steady.
Just gone up. Now in the blue! It'll be interesting to see what the day brings.
What do I know... it's opened down! Sigh.
Yet again another solid set of results. First & foremost the market looks to see if a company has hit it's own numbers and keeps a watchful eye on the outlook. LGEN looks to be delivering on all fronts looking at the main financial results here. The future looks as certain as it can and I fir one more than pleased. The market should and I believe will view the report optimistically and therefore, I think it will open blue.
Will be amazed if it doesn't open up
I expect sp to open up given increase in divi .
I think with L&G it's always "steady as she sails". Nothing truly spectacular but reassuringly solid.
A bit pessimistic……but probably correct.
But not "stunningly excellent", so in this market I expect the SP to open down.
Good results. Interim DIV up 5% to 5.44p.