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do you think pru is a sell these days, jatw?
Ping an seems to want HSBC to do what Pru did to itself…..presumably a PRC attempt to bring the Bank under Chinese control.
Why would Ping An / PRC want to buy Pru? Easier to starve Pru from deals and exclude from China through licensing.
SP been quite dormant for quite some time with as you say seems difficult for it to hold on too the £10-£10.50 Range So views please on the following . Over a year ago I posted that Once the Split from Jackson had settled, would Pru become a target for itself to be taken over. Is the time right now for Chinese Bank Ping An to capture more of the Asian Market ?????
Amazed HKSE has not taken fright at the sabre rattling by China over Taiwan. ….although maybe the new patriotic thing is to buy when China feels threatened.
Another crap day can’t even hold onto £10. Anymore. There is no real investment case for the pru an income stock it is not the dividend is derisory. And as for a growth stock for the past three years down on every metric. The poor Asian investors who brought at £13.50. In the rights issue have lost. Thirty per cent in eight months
Not the most exciting RNS today (Director acquisition of 18 shares). Come on PRU - up we go! Just over a month until the next dividend decree - hopefully with some good news attached...
More like shakin Stevens at the moment
Only another £6 to go with MNG @£2 and I'll be back to even Stephens
Buxtonbob,
Traders trade it down on Chinese COVID lockdowns,inflation, FED, etc etc...got nothing to do with the BOD.....it is business as usual....
What a load of **** pru board Gould not care less please some one make an offer @nd put all of us out of this misradle
Well done, only my most recent purchases are showing any profit at these levels. Could do with another couple of hundred pence rise to offset older purchases. Still grateful for any rises here!
Finally back into profit in Pru - hurrah! Onwards and upwards from here... :)
HSBC is looking to list its Indonesia operations…..it would not be a surprise to me to see Pru start to realise the value of its main Asian markets by floating 25-40% in local markets.
it mostly depends on when Manulife want to stop paying him they have announced his successor, he will probably start earlier.
He will have limited access during his gardening leave but will have enough to have a plan on day 1.
Seems crazy for a company of this size to have to wait 9 months until the new guy starts. Likely to cause a drag on the share price as if we didn't need anymore already, a lot can happen in all that time. A lot of work to do and new CEO in Limbo for 3/4 of the year.
They have a lot to do including building the Asian shareholder register, negotiating increased shareholding’s in China and Indian JVs, expanding African operations (profitably)
Getting the sales force productivity up from covid lows.
Convincing the HK market and London that Pru is worth more than a tenner a share.
I expect there will be some sales in the markets that favour the west (Philippines, Taiwan, Japan, Korea) and a pivot to areas China influences. If they want to buy their way into Africa now is the time to do it with lower valuations, but I suspect they are in limbo until the new CEO arrives….not sure that makes them vulnerable, but it makes them weaker and should a sizeable deal come along they are likely to lose out in the short term.
New CEO and changes at the top, and Nic Nicandrou exits. Quite a reset, good luck to the new team.
Consensus EPS for JXN was $4.60 last quarter. Result was $3.94 so earnings have been missed and I expect the shares to drop further. Consensus EPS Taken from Yahoo finance.
JXN Q1 results continue to show decent cash (AOP) generation.
Q1 Dividend of 55c (unchanged). Buy back about half done…..
JXN is down $8 in three sessions ahead of Q1 results….will they be poor?
Haha unfortunately at my purchase price the yield is less than 1.6% :( . I agree with everything you have said, my only hope is to try and get my money back on this now with a decent market rally but I can't see it anytime soon with all the problems in the world. The spin offs of M&G and Jackson have fared better for me and pay decent dividends with hindsight should have sold all PRU and put equally into those two.
BTW Jackson report figures later after market close today May 10th.
Thanks Tom. Yield about 1.6% almost qualifies as a medium crumb? If Pru holders were suffering two weeks ago, they must be numb to the pain by now! Assuming the war won't last forever, and demographics will, it's starting to look historically cheap and possibly vulnerable to a takeover?
Hong Kong's new leader was appointed by Beijing in a fake election where there was only one candidate, a secret vote, and voters selected for loyalty to emperor Xi. What a joke China is: a ridiculously dishonest and childish procedure whose only purpose was to make clumsy Pooh Bear feel better. Hard to see how any company can succeed in such an ugly, nasty, corrupt environment, employees must have to constantly hold their noses (and their tongues).
For UK holders the dividend amount payable on 13th May will be 9.44p per share. ($0.1186) declared.
A small crumb of comfort I know for suffering PRU holders at the moment, at least the £/$ conversion rate is in our favour for this dividend.
Porsche unfortunately undermines his own credibility as an analyst with an obsession about something he also hopelessly mis-reads. Like some other equities players he sees EU membership purely in terms of easier trade and smoother supply chains, not the dangers of being sucked further into the process of creating post-democratic political and legal structures in Europe in the interests of a small transnational and globalist elite for whom sovereign democracies and national elections are obstacles. He happens to be right about PRU being a poor investment but that's not because of Brexit. It is because PRU is badly-run and has an unconvincing strategy. At a yield of only a little over 1% when you can get almost 7% from LGEN, no sane investor wanting a steady income from a cash-generative insurance business should be touching it with a bargepole.
I don’t know why Porsche likes to share his formidable stock picking skills by crapping on the bastions of the Uk market.
All I can say is that I love my Porsche which unbelievably is in profit after six months ownership.
But that is chip shortages and supply chain pressures for you…..and a favourable car tax regime for electrics.