The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen 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.
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
Mote bs
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?
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.
First nibble at PRU at 702, whoo hoo!...
Unless you are AIA, that is.
Asia was sold as an extraordinary growth story for PRU.
It's turning out a little differently.
Pru does seem to be taking its shareholders rather too much for granted. per 06:26, it would be nice if AIA would gee them up a bit.
I think the news does not warrant the drop today. Still, fundamentals are still good.
https://www.prudentialplc.com/en/news-and-insights/all-news/news-releases/2024/30-04-2024
Solid results , capital allocation is the big thing , I guess a few in the markets were hoping for a big buy back or divi rise . Personally for me today’s pull back / fall makes this dirt cheap and a massive buy
Re added
Pru update is a mixed bag,,,APE up 7%, NBP flat.
Some markets well ahead (Malaysia), others substantially down (Vietnam, Indonesia, China), HK flat against strong comparative figures.
HK market has marked Pru down slightly, but little volume there, anyone’s guess where London will go.
Pru has promised a capital management update by the HY results (clearly caught off guard by AIA announcement yesterday).
Thanks for your reply
"Anyone notices 2 trades at 14:03pm? Value £57m each. "
yes, both identical..... OFF BOOK and OFF LON
must be transfers between funds ? ?
Anyone notices 2 trades at 14:03pm? Value £57m each.
I'm in here from 723p. Trade position only. I might be gone tomorrow ;)
I am surprised they have not done a Buy Back within these low price levels ....I think the market is too
maybe they have some Acquisitions in mind to further strengthen growth projections
AIA announced a new capital management policy.
75% of net free surplus generated will be returned to SH each year.
Based on 2023 this would have resulted in USD 2.3bn dividend and 0.6bn buy back.
They also have a capital surplus of 200% of the required minimum. Using this metric they added $2bn to their 2024 buy back.
I doubt that Pru will respond immediately with changes of its own….but the comparator for capital is set out. At present Pru is a stingy dividend payer (about half the yield of AIA) and does not operate a buy back programme. If they can increase the shareholder returns, the SP may respond more favourably.
AIA up 7%, Pru up 4% on Monday 29/4
Pru market update on Tuesday, could be well received,