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Just to assist you Eccles Fidelity Int'l have been going for almost 50 years & they are responsible for client assets of over $776 BILLION for almost 3 million clients worldwide.
I never heard of Fidelity, don't sound much cop to me.
It’s been fairly apparent for the last 2/3 weeks since the FED moved the goalposts on interest rate deductions, that the stock market has no direction. The S and P has started to roll over, what does this mean for investors, well sell the highs. Gold has been the play, what with the
amount of debt in the system by central banks. Maybe gold has some way to go yet.
As for the growth tech stocks they have started to roll over, it appears the play is to be defensive, ultimately, I’m keen to be in cash, as I see no short term upside until signals
are clear on a sustained interest rate reduction cycle, which is now unclear.
Something to think about.
3 more trading days before exdiv £2.50 maybe ?
Dividends in the holding bay aready, did the same with phoenix and mng and look how phnx has got manipulated down into the 470s,with the likes of barclays downgrade in favour of shorters, and both with brilliant trading results with dividends going forward past 2025 and into the black, great for me to get back in but cant see LnG being any different
Bbb it may not be predictable but its becoming very very transparent ,and the moaning crew blame 2016 for the low performance of the ftse ,the only thing to blame is the msm woke cancel culture moaning and winge about share holders making money , so the big guns are shooting them selves in the foot ,dare not pay specials or a good divi compared to profits for fear of windfall tax ,and they wonder why lack of investment
I tend to avoid trading any shares I hold as I tend to lose money 90% of the time. Anyway, I am unable to trade LGEN even if I wanted to as my shares are contained in a ISA on the Fidelity platform. They have strict rules on trading and don't allow it... good job for me then.
If the stock market was so predicable it would not work.
Situation normal ,lets force this as low as we can ,buy in droves,which will force up price to ex divi eve ,which will all be done here but sold on the overseas markets overnight so ex divi morning they will open down and gobble up any gains so the divi was not worth hanging around for ,so sell 4.20 pm on ex divi eve ,or get yer fingers burnt as i did with lloyds , i lost the value of my divi overnight waiting 53pclosing on the 10th opened 51p on the 11th so get and get out this will rise over the next few days
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