Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Https://www.investorschronicle.co.uk/news/2024/03/20/prudential-powers-its-profits-but-not-its-buybacks/
Pretty fair article and decent write up.
Those results actually looked ok to me. added some, though not huge as wondering what i may be missing here.
seems at present anything associated with china is seen as pure doom loop stuff - can see the rationale for that, but think l/term china gloom perhaps a little overdone. rather resigned though that in short term market is just not in the mood for easy china bounces.
I was about to send you my bank account details too.
Any other requests ? 💋
OK, so no contact note to show an extremely well timed Sale of PRU shares this morning then. Right.
I thought you would be delighted with the opportunity to show your great trading skills ...
I will leave it at that.
Could pru buy 500,000 before market closes ? or would they have to consult market.
@fats
Not at all.
It your first name Didymus?
You are getting yourself in s bit of a tangle here.
I'm asking you to post an individual contact note for one of the trades you have mentioned.. so for example one of your sales this morning at the open..
Just post one of these.. it's a simple request.
More misjudged aspersions.
You will find them here.....
https://www.londonstockexchange.com/stock/PRU/prudential-plc/trade-recap
Each any every one of them.
The SP rose after reaching that 10% opening drop, which I suspect was a target ....see if it can maintain any recovery
I bought a few at 720p , will hope by ex-div it will have perked up off the death bed
Poker, thanks for the view.
The results are 2023 and were as expected by analysts ..
the drop came as a result of the Analysts Call and Presentation .... and I suspect that for today the market has reduced the EPS figure expectation for 2024 ....but of course that can be revised during the FY ....
I didnt hear the webcast put the text will be released on Monday
Mary, post your contracts notes ...
Then we can see you for the genius that you are..
@fat
A bit of fun for you.
Let Core = X
Core pre purchase yesterday - Average £3.84 ( result of several years adding and trimming)
New trading pot = Y = @ £7.74
Sold Y early doors @ over £8
Y - now 26p cash buffer
Added 5 tranches 0.2Y at 760 754 740 724 720 ( too soon at the higher levels)
Average add 739.60 less 26p cash = 713.60p
Now 730p so moving into profit any looking to reduce around 760p to await the next move.
Trust that make sense to you.
Mx
eg 5X5k, low average, add 5k yesterday, sold this am
Add all the way down and sell on the way up
5k @ 774 -
Fatprofits
no way will they sell Hong Kong business to AIA ..room in the market for both of them ....PRU very well established there
In China PRU and their 50/50 partner CITIC are both investing $176m more capital , as the market opportunities are considerable ..
CITIC is a huge Chinese state owned investment company
Just wondering but is there any rational explanation for this fall? The results are too complicated for me to travel through in full but the headlines all seem very positive. It looks to me like the fall is being driven by sentiment, technical factors, or perhaps forced selling. Personally my only concern here is geopolitical. That aside I think this is a screaming buy. I also take comfort that the initial market reaction was positive. It suggests to me that the fall in the sp has not been driven by the results themselves but by the other factors I mentioned. One final point - it's worth noting that the COVID low was 7.10 on March 18th, almost exactly four years ago. That could provide some support. Beyond that the graph suggests a potential fall down to the 5 quid level. But given the numbers, I can't see why that would happen. Interesting also that most brokers have price targets around the 15 quid mark. Sure, you should take those with a pinch of salt but it's worth noting that this has to be the FTSE 100 share with the biggest divergence between broker targets and SP. Suggests to me again that this really is a bargain.
A 15% fall for PRU in one day would be extraordinary (all be it can still happen) so a more gradual decline, IF PRU is going lower still, is perhaps the more likely trajectory.
Hahaha, I think this should be their summary under the description section:
Prudential is listed in the FTSE All-Share, FTSE 350 Low Yield, FTSE 350, FTSE 100 indices.
Prudential is listed in the Life Insurance sector.
Prudential Plc Ord 5p is listed on the London Stock Exchange trading with ticker code PRU.L. It has a market capitalisation of £19.83b, with approximately 2.75b shares in issue. Over the last year, Prudential share price has been traded in a range of 514.50, hitting a high of 1,233.50, and a low of 719.00.
Prudential PLC is a pile of steaming shat even by brexit basket case dog index of the world ftse 100 standards, headquartered in the UK. It operates internationally, offering a wide range of insurance, investment, and retirement products and services. With a legacy spanning over 170 years, Prudential PLC is committed to helping customers achieve financial security and prosperity. The company's expertise in risk management and long-term investment strategies makes it a trusted partner for individuals, businesses, and institutions seeking reliable financial solutions. Prudential PLC's strong reputation and global presence position it as a key player in the financial services industry.
There, fixed it.
What a pile of steaming shat this share is even by brexit basket case dog index of the world ftse 100 standards.
IF it follows AIA, and AIA had significantly outperformed PRU in SP tetms over 5 years - there is another 5% to come off.
It may not play out that way
AIA is also arguably favoured by the CCP - and in China
that is vitally important under Xi's leadership.
PRU is more than China and HK clearly, however a sale of
those businesses to AIA, might be the way to go.
Meanwhile...they got their 10% drop from opening ,taking it down to 719p
@fatprofits
I will leave it to you to cast your misjudged aspersions.
The "bulk of posters", as you put it, do not give a toss about anyone's input, including yours so I am not sure why you felt the need to comment. That is your right of course.
This can be played on up moves and down moves. My aim is to lower my average over time towards £0 or below.
Volatility like today works a treat as it will usually settle and reverse.
Thanks for your concern and have a wonderful day. Good luck with your trades, a sentiment for all - long or short.
Mx
* a comment rather than a critique.
And I will post exactly what I want to -
but thanks for the suggestion.
Is the drop due to the poor dividend?
I