Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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China generated 28% of total world savings in 2023...says IMF ....so ..plenty of business to be gained from there
Only good thing about PRU as far as I am concerned is it demerged Jackson at $25 and I bought a load more of them up to $36 reducing my PRU holding a bit. Jackson shows me 64% profit not including divs either which are pretty significant. PRU is -38% and pathetic divs. The far east and Africa growth plan has yet to bear suffering shareholders any fruit.
I think this is a sell anything with significant China interests story.
The last sales results and new business profits were pretty decent……
I cant believe the SP has sunk this low……
It can realistically only rally when there is an everything China rally and it will outperform that…..hard to see where the trigger for that is coming from…..I suspect we will be able to buy in the 600s soon and possible 500s later this year if nothing changes in China.
Do you see this recovering Mary?
Added @757 LT hold at these levels.
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Thanks, we will see what happens on the 20th then. Fingers crossed!
" From the share price action the market will be expecting very poor results."
Not necessarily
...the SP is "probably" being sold down to benefit the Option traders ...
Quarterly Options expire on March 16th ... Results on March 20th
Take it to a low to buy in for the forthcoming 10p dividend..I suspect
"How much capital surplus do you think they will have?"
They had $8.3 billion at H1
£7.77 x 5000 shares. £15 daily charge. Will buy at £7.50
How much capital surplus do you think they will have? From the share price action the market will be expecting very poor results.
Looking more like they will announce a buy-back with the Results, with the SP down here , using their free-capital surplus
Https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.sharecast.com/amp/news/broker-recommendations/jpmorgan-reiterates-overweight-rating-on-prudential--15921774.html&ved=2ahUKEwjx37aUxdOEAxV1RUEAHYVLAtMQFnoECA8QAQ&usg=AOvVaw1LCJmBC7RDS_Cp2yRSoBuv
JP Morgan also think there's a lot of upside here!
Another point…does Prudential become a takeover target if the price falls much further?
Have to agree that does seem fantasy at £16.40 with the state of China and the world in general!?
Barclays might have it totally wrong, let's face it a lot of broker targets are pure fantasy.
I'm hoping it's because Barclays see the business as sound and profitable. I think it's being caught up in the general stock market sell off in Shanghai and Hong Kong, which inevitably affects it on the LSE. Let's hope we get a turnaround soon. Maybe a good time to buy?
Need some good news from China, which doesn’t seem to be forthcoming anytime soon. So strange why Barclays have such a high forecast?
I'm sure it can but hopefully not. With Barclays calling it at 1640p, it seems like a bargain not to be missed or is that wishful thinking?
Can it go any lower?
It's a ghost town on here. Very boring.
HSBC Results today -
"$3bn charge linked to the lender’s stake in the Bank of Communications in China, where lenders are struggling with a downturn in the country’s real estate market.
That was despite CEO Quinn having suggested last quarter that China had experienced the worst of the crisis.
“I did say last quarter that I thought the market had bottomed. I still believe that,” he told a press briefing on Wednesday morning. “I also said last quarter that it will take a few years for the market to work its way through the current challenges. So I didn’t say challenges were over.
“But I did believe the activity levels in the commercial real estate market, the valuations in the commercial real estate market in mainland China had bottomed, and that what I saw was a progressive and gradual recovery in the market.”
“Indeed, in the group’s own outlook, HSBC is forecasting slow growth for the first half of the year, followed by a gradual recovery, while inevitably the parlous state of the Chinese economy in general and the real estate sector in particular are ominous headwinds.”
The interest rate reduction will hopefully give the Chinese and Hong Kong bourses a boost which should in turn help Prudential. I'm holding for Barclay's predicted 1640p shareprice!
Lower interest rates than anyone predicted and Barking has reiterated overweight 1640. Things moving in right direction...