The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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0p haha
… wonder what prudential’s price target
for credit suisse would be at this point?
Credit Suisse cuts Prudential price target to 1,480 (1,540) pence - 'outperform'
OWLS, it was just my holding in this equity that was sold.
If you have been around for years I'm surprised that you've taken the decision to cash in. It is a fool's game attempting to time the market, cash isn't going to make you anything.
I have been around for years also and I always remain fully invested.
FWIW, I've been around for many years slowly building my portfolio. I started in the late 1970's have seen interest rates at 18%, foreclosures, companies go bust, many changes of Government and volatility in markets. Most of the time markets rise but from time to time there are corrections. These can be sharp or severe. Share price movement WITH news should always receive attention.
The results on the face of things are not too bad and China is once again opening up for business, even tourism BUT there is geopolitical tension between US and China and UK and China. I bunged proceeds at companies focussed on India but have still a small holding in PRU.
Luck plays a role for investors and my decision to cash in most of the holding was well timed - complete luck. I think that the rest of this week will see more turbulence around the world and, seasoned investors tend to simply hunker down, wait for the storm to pass but begin to take advantage of somewhat artificial prices for companies where the underlying business is sound and well managed.
March is often a month that sees profits locked in from the best months of October through to January around the world. For UK investors, there is the change of tax year and potential to move holdings into tax efficient wrappers. I am keeping my powder dry in expectation of further market fall for investment in April and to take full advantage of the ISA rules for self and wife.
Nasty rumours about credit suisse are doing this to the market. I wouldn’t buy a thing untill we get some stability.
OoooH keeps falling, Friend just phoned to say our share club is folding because of clamp down on Capital gains on shares before tax and Divi allowance falling. Outside ISA just not worth the risk any more. He said he can see sp dropping below £10.50 today. Should have done my home work. Most of my investments covered by ISA's. Budget may spook markets further?? hope not.
Bought some more today at £10.62 - be a shame not to get them at this bargain price! :)
Results seemed fine to me. Market over reaction?? catch a falling knife?? Well to offset my losses on stock added today at £10.80. Knowing my luck it may drop further but hope not. Expect MNG will be next after EX divi date is reached.
Whole market fallen off a cliff again. £13 was the sell point here and should have taken it.
Not sure why the results are being poorly received…..the presentation does not look too shabby….although the CEO intro is relatively insipid with no new strategy / ideas at this stage.
HK shares barely moved in the afternoon session following the announcement…it is London that is negative…
SCMP reports IFRS profits beat consensus….and there was a 9% uplift in the dividend and 2023 sales appear to have been brisk so far….
.
think it’s fair to say market not impressed with that.
Probably similar to AIA with main metrics up 5-7% (except for IFRS profits which are v volatile and could be a huge loss as investment values have fallen).)
What can we expect from this week’s results? Small increase in the dividend? More information regarding Asia investment and reducing the Jackson holding?
New CEO ahead of results…..i did think we would see Fitzpatrick delivering the results in a couple of weeks…..but it is good to get the new broom in place a little earlier than expected. Although I am not sure there will be much of a change in strategy…..but he can sell down Jackson at a better price now….
I tend to hold mine for a year and then sell. It works well for me, on average I make a 12% annual return. Purely based on momentum, I don't take any account of fundamentals / world events, it all evens out over time.
Good luck with your decision. Over the weekend, something as innocent as a balloon caused me to take 80% off my holding yesterday to bank a very decent profit. Yes, I remain invested albeit at a reduced extent and am looking to add to my holding and average up. Buy the rumour and sell the facts is as good a reason that I can attribute to what is going to happen in terms of there being a financial update, but on this occasion, there is the unknown impact that cancelling a diplomatic visit will have.
Investing is not finite. The race can be joined at any time - in this case, think of it as a rain stopped play, which as a side benefit allows me to have a stretch of legs, catch up on things that had been neglected before MY game restarts.
Never imagined how a hot air balloon could affect a share price!
It is still such an uncertain world.
Morgan Stanley follows Schroders in getting approval to own 100% of its JV.
Hopefully Pru gets an agreement with CITIC to own the asset management JV shortly.
Invested here based on good recent momentum.
yes, peaceful enough as a place to have
some money snoozing in the deckchair.
HK market had a positive start…bodes well for more gains in the short term…..does seem to be heading back to the equity raise price and £15.
Prudential plc to open branch in Macau
to provide life and health insurance solutions
Prudential plc (Prudential) today announced it has received approval from the Macau Special Administrative Region to establish a branch of its Hong Kong business in Macau. With the addition of Macau, Prudential will have a presence in 24 markets across Asia and Africa.
Prudential will initially offer life and health insurance solutions in Macau through its digitally-enhanced agency force. These solutions include multi-currency options to meet customer needs in savings, healthcare and protection.
Lilian Ng, Managing Director, Strategic Business Group, Prudential said the new Macau branch completes the company's footprint in China's Greater Bay Area (GBA).
The GBA is made up of nine cities in the Guangdong Province and the two Special Administrative Regions of Hong Kong and Macau. Its substantial population of 86.7 million people contributed to 11 per cent of China's GDP[1] in 2021.
"While we have seen rapid economic development in Macau, insurance penetration remains low. With the city's fast-ageing population, there is strong demand from its residents for solutions that can help them access private healthcare facilities in Macau and elsewhere in the GBA.
"The Macau branch will play a pivotal role in our strategy to make healthcare and financial security more accessible to people in the GBA, as we leverage our 50-year experience of providing insurance to customers in Hong Kong," said Ng.
Macau has a life insurance penetration rate at 6.4 per cent in 2021[2] - slightly over one-third of Hong Kong's 17.3 per cent. In 2021, the gross written premium of Macau's life insurance industry grew 26 per cent year-on-year to reach MOP 33 billion[3] (approximately USD 4 billion[4]), driven by rising demand for protection and wealth accumulation products in the city.
Lawrence Lam, Chief Executive Officer of Prudential Hong Kong, who will have management and performance oversight of the Macau branch, said, "We are delighted to have the opportunity to offer our innovative insurance solutions to the people of Macau. The establishment of the Macau branch is a key milestone for the Group's GBA strategy."
Chris Ma appointed as General Manager of Prudential Macau
Prudential has appointed Chris Ma to be the General Manager of Prudential Macau with immediate effect. In this role, Ma will be responsible for driving the operational strategy, establishing the distribution channels and building a comprehensive suite of products in Macau. He will lead key initiatives to launch the company's agency advisory and customer support services.
With a strong track record of driving agency productivity and recruitment, Ma brings with him more than 30 years of solid experience in the insurance industry. He was the Chief Executive Officer of AIA Macau prior to joining Prudential.
Prudential's Macau branc