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Very nice to see this break into £8 from the low £7 entry point
GLA LTH
Very content with PRU atm after the flak that was taken at £7 when I stated I was adding - a UK bull run is starting at last.
Daily 100 MA has been in control of the price since May 2023. Will be interesting to see if it's broken on this rise. Downtrend since Jan 2023 has been clearly broken which is great to see also.
Been going great guns these past few weeks soon be in sight of the next level £8-9 in short period , imo
GLA LTH
Phuk..
This will be over £ 13 by the year end
Sentiment has changed here massively and we will start to see a significant move upwards within the next few months.... not in stright line but it will happen.
Paitient is the key and it will pay off to those who understand the concept of hold on to your value stock and don't be fool by market play. Remember RR. ? It was played many times under £ 1, I was among very few who said at the time RR will be over £3-4 within 2 years , no one believed me, they were all wrong
All my posts are there.. go back 2 years or more
DYOR
GLA
IMHO
Anyone else notice all those significant trades at 777p? including one valued at £23m. Anyone else considered the significance of that number in the Far East?
Mote bs
I hope so. Fingers crossed 🤞
Up 10% in a week feels better. Hoping not to see under 700 again now.
Mentioned as a takeover target in the mail today because of underperformance of SP due to China worries. Seem to remember this discussion as the split happened however with SP where it is now I suppose any thing would be good news to fire up share price. Big losses here i.m afraid. I did think M&G would perform better and added many times. Divi tomorrow made add if SP drops. Got to be a way to claw back losses.
This years AGM is in HK on 25/5. No doubt they will metamorpise the Greek Goddess Prudence icon into a more Chinese visage next. They already have the red head band.
Significant insider buying going on. Fill yer boots.
https://www.defenseworld.net/2024/05/04/prudential-plc-lonpru-insider-anil-wadhwani-purchases-65016-shares.html
With confidence in China improving, potential share buy back or increase dividend announcement this is my biggest holding along with Rolls Royce.
Got in at 716. Hoping for 1000 by year end
Fully agree , sub 7 is a basket price for a quality outfit. I expect a bounce north of 8 very soon.
One way traffic for the rest of the year - thank you for the sub £7 add opportunity - £8 soon?
Good morning
Entered a holding here from my SMDS sale recently as PRU adds geographical diversification and hopefully some higher growth. I'm inclined to think that concerns over China exposure are a bit overdone as PRU reaches wider than that. FY23 and Q124 were not bad thus looking on this as a good entry point.
Have a good weekend.
Apple Results : - the 8.1% drop in China sales was not nearly as bad as consensus expected, which fear a double digit drop was coming. The CFO said that the China concerns were overblown. “We were happy with our results in China,” he said. “The reality is different from maybe what you read at times.”
No doubt Pru will be using these MS services heavily.
Investment in ASIA .....
Microsoft chairman and CEO Satya Nadella on Wednesday announced “significant commitments” to build a new regional data center in Thailand, among other initiatives
This comes as company announced a day earlier that it will be making a $1.7 billion investment into Indonesia over the next four years to build new cloud and AI infrastructure.
https://www.cnbc.com/2024/05/02/microsoft-to-open-data-center-in-thailand-amid-southeast-asia-expansion.html
I complete agree
News overnight very encouraging. China stock markets well up. Sales of EV cars up 100% in April, our target market ie middle upper classes. Looks like we could bounce today.
Pru may be the worst of these 1yr losses, but not by much
AIA -32%
Ping An -36%
Pru -40%
The market sentiment is poor for Asian investment companies due to China (economy, trade relations with US and political concerns re Russia and Taiwan).
Arguably the prospects were over sold years ago, have corrected and now are undervalued.
Strongly disagree solomonkane. Since the spin out from "old" Prudential, this is an embryonic business. The statement made yesterday was very transparent, they will make an announcement regarding their "capital management plans by HY 2024 results". A tiny bit of patience required my friend.