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Hi roofer, yes I agree lgen and aviv have been my most reliable income shares and I'm sure it will bounce back, just waiting the market reaction over the coming week and once it has settled down will be happy to add more
Best of luck to you also with your investments and to all lgen holders
Good afternoon Robleo , as always I agree with all you postings on various board listings , protecting your capital investment is vital but lgen has always been a steady eddie, Sp will float back , "always trade the dip" but changed my comment for some reason on my last postings lol, atb with investments Robleo
Roofer, the dividend is good but a falling sp then wipes out that dividend, total returns is what matters the most, waiting to see this settle down before adding
Best of luck all
Or it could be more simpler reason , Macron calling a snap election, markets don't like uncertainty but I'm certain of one thing Lgen is cream .....always buy the dip
*hopefully L & G will go up tomorrow.*
Hope Not cos need to add few more...imho
Bolotics not booties lol
Do everyone a favour guys the armchair politics and conspiracy theory's always end in insults and tears, their is a board dedicated for all that crap called lloy, I'm sure they will welcome all of your booties over there
David, I don’t have to do better you have nothing to offer. You understand nothing of the USA foreign policy, the CIA infiltration, the weapons manufactures supplying the arms, and the long arm of Blackrock.
But you do present well at the Oscars and providing a box set on DVD.
Blimey that took you a long time to reply, is that the best you could come up with after all that thinking time. Must do better Fin
Started: zac0_4, 15 Jun 2024 16:56
Last post: bluebullit, Today 18:13
I've been considering a few myself..
What funds did you choose?
I was in the ig smart portfolio, that didn't end well, not with ig anymore, switched over to HL and freetrade.
Atb
bb
. . . and once again most of my dividend paying holdings are underperforming the market. Surprise, surprise!
Out of 6 holdings LGEN sits at number 5 with a total ytd return of -4.4%. Thankfully I'm well diversified and my total portfolio has returned +9.75% ytd.
Good old funds!!!
Started: bertram, Today 16:35
Last post: bertram, Today 16:35
Do not call me "SON" for it would be a real insult to me to have an appeasing cow**d as my father.
As for "head in sand" well I suppose its better to have head in sand than head full of sand. Post all you like for you will not get a reply from me, ringers finish.
Yes, well apologies for going off topic. Probably a bit of a Ricky Gervais rant, it happens. I didn’t realise Ricky Gervais/David Brent banked at The Coventry building society, with all his wedge I put him down to more of a Coutts man/ transvestite.
But they do accept Giros apparently. I dare say David won’t be available for selection this Tuesday, because he will be sadly at the bookies Er investing his money, rather than buying shares in the Great British long established entity Legal and General , where the investment chat /blog is second to none !
Something to think about.
Finley1, I agree with you re the shenanigans done by the West re Ukraine all in the name of so-called Western democracies and keeping Russia at bay. The same went on with Iraq, Afghanistan, etc.... Humanity overall is a sad failure unfortunately. "Power corrupts and Absolute Power corrupts Absolutely" !!
You can fit 13 United Kingdoms (land wise) into Australia and yet we in the UK have a population of almost 67 million, whereas in Australia the population is almost 27 million, do you think that's good for health, opportunity and standard of living for British citizens?
I understand immigration is important in every country, but it's been and got ridiculous here, there needs to be some regulation to it
Yes trump is just as dangerous Putin , he is dividing America with his conspiracy theory politics and the maga gullible followers lap it up , he could say the "world is flat" the "moon is made of cream cheese" and he goes to work with aliens in a space ship and the Maga following would believe him they are that stupid !!!!! , so so sad !!!!! Don't get me wrong I'm no fan of Biden purely because of his age but he's better than trump and has sensible advisers around him keeping the ship steady .Trump will destroy America.
Never knowingly been on a board with a Nigel Farrige acolyte. Didn't realise anybody really fell for such nasty beliefs.
Ah well.
At least you split the vote.
Started: Neo_Angelo, Today 08:56
Last post: Neo_Angelo, Today 08:56
With the news of buybacks and the change in strategy regarding the planned divi increases (from 5% to 2%) the recent drops seem unjustified. I feel that if it hits 220p that would signal to me to load as much as I physically could for the long haul.
https://x.com/TheHiveTeams/status/1802246959283011819?t=lA_4e19C2zRMVefJfpw2Ng&s=19
Started: GutterSnipe, 15 Jun 2024 16:38
Last post: Kilgeever, Today 08:28
Historically the " far right" have been movements created by inherently violent demagogues whose platform has been the xenophobic threats of minority groups both ethnic and religious.
Examples we recognise are Mussolini, Franco, Stalin, Hitler, Pol Pot. Their henchmen are remembered for savagery unrelated to human values.
Of course to become leader they didn't initially advocate genocidal policies. Far from it.
GutterSnipe, don't you realise that the 'far right' is close to Nazi ideals, ie Adolf Hitler and colleagues, and are anti-LGBT, anti-Jew, highly nationalistic and very intolerant of other points of view ?
https://en.m.wikipedia.org/wiki/Far-right_politics
GutterSnipe, don't worry !! I topped up at 230.4p this week, too early with hindsight, but unusual to buy at bottom and sell at top. LGEN's dividend is better than most and the share price will go up again. Investing is for more than the short-term.
'The far right ' was the reason given for heavy falls on the French stock market and looming trouble in the bond market.
Let me be clear, 'the far right ' as they are called are just normal people with a brain.
I am 'far right ' myself.
I put 'the far right ' in inverted commas to show that.
If things don't change, European civilization is done in my opinion.
'The far right ' = people with a brain
NAVYRRT, yes, that is what I meant
'the far right ' = The concerned majority
Started: DavidBrent, 15 Jun 2024 22:32
Last post: DavidBrent, 15 Jun 2024 22:32
Poor Russia surrounded by such terrible neighbours that in the last 90yrs , they have been forced to invade Finland Poland to help Nazi Germany, Hungary, Czechoslavakia, Afghanistan, Georgia, Ukraine (I'm pretty sure I've missed a couple) it must be awful to be surrounded by so many awful countries that force you to invade them.
Started: DavidBrent, 15 Jun 2024 17:30
Last post: DavidBrent, 15 Jun 2024 17:30
Remember my post several months ago about my savings or this doing best? Well the part of my savings I was referring to is with the Coventry, and they are beating this hands down. However when I've finished congratulating myself, it's really a worrying thought that a high street every day bank account can thrash blue chip Ftse companies.
Started: Graffiti, 14 Jun 2024 13:52
Last post: Roymunna, 15 Jun 2024 13:00
Re Graffiti's post - you have summarised well my reasoning on this too.
9% yield with continued divi growth and currently on big discount because of an over-reaction based on sentiment and then algorithmic sells. I too have added on the way down (you never catch the bottom just right) and have liquidated other assets for some more dry powder.
5 day chart , half a cup .
Think the strategy announcement was a just bit dull / damp squib, with unchallenging targets set and only small buy-back, content of ongoing poor sentiment.
but decent value here l/t in my view, and so have added again, smallish.
(mind you, every time i add small to my LGEN, , it then gets even smaller, sad lol)
There's a lot of short term noise here. I've held LGEN for over 10 years (bought at 32p and with divis reinvested it's become my largest investment).
So, my question is has anything changed following the change of guard and Wednesday's announcements? My initial response is No. The LGEN brand and market position remains very strong. They are promising a compound annual growth rate of 6 to 9% over the next 5 years. Shareholder returns (whether through divis or buybacks) are promised to grow by c5% a year. That is non top of an existing c9% yield that is well-covered both by operating profits and a very healthy balance sheet. If there has been a question mark, it is over the asset management divisions, so it makes sense to combine these.
So, why the negative response to this announcement? The only thing I can see is that the market wanted more share buy backs and/or a stronger announcement on the sale of CALA and that this has dented the share price in the short term.
The other possibility is that the market doesn't like the cut of the new CEO's jib. I, for one, am prepared to give him a chance. For me, the underlying strength of the business is so strong and the share price so low that I have just added some more at 2.25. I've had a long term price target of 3.00 for LGEN, but I'm very happy to keep taking the 9% yield even if it continues to hover at near the current level.
Started: oldbrian, 15 Jun 2024 12:44
Last post: oldbrian, 15 Jun 2024 12:44
How about keeping this message board about L & G
Started: DavidBrent, 15 Jun 2024 11:43
Last post: DavidBrent, 15 Jun 2024 11:43
All Hail Finley1 the super brain know it all with all the answers, thank goodness the man the world as been waiting for as arrived, hope you manage to find someone who loves you as much as you love yourself.
Started: Market-Dealer, 14 Jun 2024 13:51
Last post: Market-Dealer, 14 Jun 2024 13:51
@ £2.2545...... Good weekend all
Started: WillLackster, 13 Jun 2024 10:50
Last post: WillLackster, 14 Jun 2024 13:48
Topped up - only it has raised my average price to 215p....
" Oh dear the market does not like the new CEO;s direction at all "
Today isnt really about the CEO here....far bigger people to worry about than this CEO !!!
The CEO will today be back to day to day business .... with all those targets something to quietly and slowly work towards
The markets will leave him to it and worry about other bigger things ..I suspect
Agreed sparhawk, it's easy for people here to generalise and say that the City (whatever that really means !!) doesn't like the new CEO strategy, but 3 broker analysts gave price targets yesterday which are higher than the current market price. Indeed Barclays, who are quite prominent in the so-called "City", have a target of 320p, so seems that the Shorter hyenas are getting as much from this weakness as they can. The tide will turn soon because this is now ridiculously cheap. I topped up yesterday at 230.4p and will buy more if I can sell some other shares at reasonable prices.
Oh dear the market does not like the new CEO;s direction at all, new 6 month low
Simon1367 - " . . . If you had held for 5 years, the HL graph indeed says the SP has gone down 15.5%. However it isn't so bad as it looks as that figure excludes dividends . . . "
You are correct. With dividends reinvested you've had a total return of 24.1%. However, that's an average annual total return of c. 4.4% pa. Pretty poor in my view for the risk associated in investing in a single equity.
It's 1 of the reasons why I've been reducing my exposure to dividend paying holdings, which were about 30% of my portfolio, to under 20% now.
Last post: longtimeinvestor, 14 Jun 2024 13:32
Sh
''looks like they are factoring in a 25bp cut in the June 20th BOE meeting''
It would be a big surprise for a base rate cut next week
" Price of Gilts has been rising last couple of days, looks like they are factoring in a 25bp cut in the June 20th BOE meeting"
yeah i was watching that...the US 10Y dipped after a good 30Y debt auction ...and the probability of a Sep FED cut has nudged up... prob of holding the rate now just 29% ...even a 10% chance of a 0.5% cut being priced
SP nudged up ...
Price of Gilts has been rising last couple of days, looks like they are factoring in a 25bp cut in the June 20th BOE meeting
Just topped up...no more spare cash so I hope it has bottomed.
You might get it at nearer 200p as the City of London hasn't warmed to the new strategy and its sinking day by day and I'm not sure its bottomed yet.
" LGEN sp appreciation is achievable when money from divs reinvested in business."
it just has been ...at a pumped up price high price of 253p on Div payment day ....and then the SP was sold back down again
..so... what SP appreciation ?
Bank of America jut released a buy rating on this with a revised TP of 268
LGEN sp appreciation is achievable when money from divs reinvested in business.
IMO good news that LGEN management will make investment into growing the business.
Started: GutterSnipe, 13 Jun 2024 15:24
Last post: Tobethebest, 14 Jun 2024 08:11
Wrong board sorry!
8th most traded share on HL!
Hold tight , this is going to rocket IMO of course sooner rather than later !
GLA
BofA raises Legal & General to 'buy' (neutral) - price target 268 (275) pence
What effect might the Labour changes to Dividend Tax (8.75%>20%)and CGT have on the share price?
Investors will be losing a fifth of their dividend income unless in ISA.
When Aviva announced a £300 million buy back in march, the shares crept up 9%, I think this push down with lng has been overdone but great opportunity for them to buy shares back at a lower value and great for existing holders to top up, something had to be done with this but time will tell, Happy for it to drop further as I will pick some more up at these bargains, I think inflation will keep falling and the 2% rise after 2027 wont be an issue if your buying today
Started: londoner7, 13 Jun 2024 18:26
Last post: eccles04, 13 Jun 2024 19:12
Considering that they had £20m in the bank at 31/12 and will only spend around £1+ m on divs, I can't see why the "market" is in a bit of a panic. But then the market often goes barmy for no logical reason, e.g., the panic started by Boris over covid. In case you haven't noticed, we still have covid but the media have now stopped bothering with it.
" Some analysts have said the guidance on capital generation and EPS guidance (6-9% p.a) is below their expectations"
personally I reckon that was a lie
These analysts work for Investment banks who are the money makers and move the share price ..and have big volumes of shares to sell
They pumped up the price before the presentation based on.. IMO....some fake "expectations" in order that shareholders would have to buy ( from them) their dividend re-investment shares at a much higher prices
Once those div shares were paid out ( fewer of them) they then dropped the price back down and used some excuse that the presentation "expectation" was high
I dont believe it myself
There seems to be differing views on future returns, when I thought the presentation and supporting Q&A commentary was clear.
The dividend for the 2024 financial year, when ends with the final dividend payment in June 2025, is 21.35p (5% higher than the 2023 payment). In addition, there is also a £200m buyback this year, valued at c.1.5% return.
The dividend payment for the next three years, starting with the 2025 FY will grow 2% per year. In addition, there will be further buybacks. The company is attributing the same value to dividends and buybacks as a 'shareholder returns' mechanism. I can understand some might not agree. However, on that the basis they are equivalent the company has stated that the total returns to the end of 2027 FY will be greater than if they had maintained a 5% p.a. growth in the dividend payout.
I’m very happy with the guidance that the dividend will increase by 2% p.a. for the 3 years after the current year. I’d prefer a special dividend rather than the share buyback, but that’s a minor quibble, particularly while buybacks are made in the recent price range.
Some analysts have said the guidance on capital generation and EPS guidance (6-9% p.a) is below their expectations. In their statements the BOD will have an eye on their 3-year long term awards. These statements will be the basis of guidance to their renumerations committee. The new team will be incentivised to max out their bonus, but be assured targets are unlikely to be a stretch. It’s the nature of the beast to take care of themselves first and foremost.
We're just here for the ride - hopefully forwards.
Started: GutterSnipe, 13 Jun 2024 12:31
Last post: Tobethebest, 13 Jun 2024 18:43
Nearly topped up too yesterday …. Bit shocking 10% down in two days, dividend is good but now the tax free amount is so low maybe investors will move to other stock.
Good time to buy see what tomorrow brings may add to even out my loss now.
Gla
Same here I bought 4,000 yesterday , grrr.
.. but the share buyback has started with a downpayment of 2million shares. not bad for starters.
Will be adding more If the sp goes lower than my current average...wait & see
Yesterday and todays reaction points to the pinstripes in the City having not warmed at all to the new strategy
GutterSnipe
🤣
Started: Thronegames, 13 Jun 2024 18:19
Last post: Thronegames, 13 Jun 2024 18:19
Bought small amount. LGEN is biggest holding in my portfolio. About 30% at this stage.
Last post: Riomaster, 13 Jun 2024 12:52
The 200 Mln will make absolute zero difference in the SP because there are nearly 6 Bln shares in issue, in fact I would say that 200 Mln won't even scratch the surface. What I would of done is turn the dividend payments into quarterly payments and had a very slight progressive dividend rise over the coming years, A good example would be BATS, I think this would of helped moving the sp in a more positive manner.
Started: Golfer57, 12 Jun 2024 18:35
Last post: iwantmorecoffee, 13 Jun 2024 12:31
The previous CEO has gone on record as saying that they wouldn't do buy backs (and had a public spat with other FTSE CEO's that did this), therefore it was clear that it was all about dividend growth (being slow and consistent). The new CEO has departed from this and also announced changing the reporting structure etc.
Regardless of the "correct" treatment as income is taxed higher than capital growth it has fundamentally changed why people would buy the share.....before it was you want yield by L&G......hence the drop.
" we have a great divi but a SP going backwards is not good and I thought this presentation was going to address that "
it is the execution of the plan that matters more than the actual presentation itself..... as we know with politics....you can say whatever you want but getting it done is what the punters look for !
The SP is played by Investment bank traders ( the market makers) who profit from trading within price levels...caution with regards current external market factors with interest rates higher for longer and the implications of political change in the UK/US this year etc
The SP is now at a level of what it was ex-div at the end of April ...so..merely profit taking from the recent pre presentation hype expectation
As posters have said ..the buyback is nothing really ..the expectation was for something bigger ...
FED caution with rate moves and whether they achieve a soft landing is still an overall sentiment market drag from the overall Bear players
There is actually an increasing bet on shorting Government bonds across Europe and the US ... bet that debt yields might go up, rather than down !!!!
Am I missing something here,we wait an eternity for this presentation from the new CEO which is going to clarify where this company is going,he said I’ve listened to all interested parties to stimulate the flagging SP and he comes out with that,surely with his knowledge and experience he should know the markets won’t look favourably on it,Lgen investors must be some of the most patient investors out there and I can’t be alone in thinking ,what has he done,or am I missing something here from the master plan,and if I am I would appreciate it if you can put me right,we have a great divi but a SP going backwards is not good and I thought this presentation was going to address that
IMO sustainable growth and equity buyback make it easier for a takeover.
Started: 56912090, 13 Jun 2024 11:12
Last post: 56912090, 13 Jun 2024 11:12