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I've just entered at 858p. I have held Pru in the past and have seen some optimistic forecasts for the company in 2024 and the broker consensus is STRONG BUY. Hope for a decent tax free profit in 2024 in my ISA!
Reentered again @ 854
This will be above £12, in less than 3 months (at least, if not sooner)
This is the exact time to invest here and you will soon learn how earning is changing here
This will do so well in no times.
IMHO
DYOR
As money moves from bonds due to interest rate falls the money flow will be to equities. Bubbling up nicely for a January mega rally as US earnings are maintained.
DOW 40k and S&P 5k soon to be a reality, I ws calling this for 6 months or so and it seems to be coming close.
FOMO and greed should see up through the NY and to mid Jan before profit taking.
There is going to be volatility from the traders ,as the market debates the bull/bear scenarios for the near term
You have to just pay your money and take your chance .... no one is going to be able to predict anything with any certainty ...there are as we know a lot of issues to deal with ..and the macro isnt so bright right now...but then that is when share prices are cheaper.... if you want good news then you pay a price for it...
but..as Europe heads for recession and China struggles with deflation ..the need to cut Interest rates grows stronger
Just have to keep wage inflation down and service sector price rises under strong control
PRU is actually doing well behind the scenes...despite the market bears keeping a lid on any SP progression ...
Hopefully some monies will move out of the US and over to the East at some point in the coming few months. It looks like it’s about time soon to me?
Best of luck
Btw Have a great Christmas too.
I had a a 792p buy last Nov and exited too hastily but added a few earlier which I want to see £12 for. Will hold this time and add on falls.
Morning Mary
You seem to pop up quite a bit where I’m browsing.
Nearly bought twice around £8.25 ( Oct 22 & Oct 23 ) and regretted both times. Looking for somewhere similar and await the rise to somewhere close to the £13.40 seen in Jan 23
Merry Christmas!
Interested in where we are in 2024 as the calls seem to be for a SP doubling.
Too many eggs in one basket or near the bottom?
Views welcomed.
Winklebelly
never buy a share for the dividend ...that has to just be a bonus and affordable ... interim dividends are mostly a waste of time anyway
PRU is an investment into the region over the mid term...once the region recovers the SP here will have recovered and a capital gain will be of more interest than a dividend
Besides a company that invests in its business rather than hands it out as dividends...grows the business
I hope Pru shareholders get a better year next year MG&plc seem to have got things right Mr Wetherspoon is beginning to chase Pru these two tips are a better bet.
I have started to buy into PRU again ...got lucky last week getting in at 855p and a second at 873p ...which ..given 6-12 months will look cheap....haha fatal words maybe there !! ... maybe an Xmas rally will fade back in the New Year....
China could well be exporting deflation with producer prices falling .... industrial output could be passed the low point and gearing up for next year delivery as things start to improve again , with a touch more optimism to replenish inventory and spend on investment again
https://www.cnbc.com/2023/12/15/china-data-industrial-output-at-highest-in-nearly-two-years.html
Pru has really taken a hammering two years ago this share was double the price, alarm bells should be ringing the market seems to be in a state of panic the Fste 100 has taken beating the world affairs ie the wars seem to be dragging on, what the hell would this country be in if the wars spread, the 1929 stockmarket crash could happen again nothing is impossible cut your losses, put your money in safe haven utilities for instance.
Trouble with insurers is they are stuffed with Treasuries, gilts, bonds etc which have been decimated in value this year. It doesn't matter if the business is profitable or not the stock market will hammer it into the ground on asset losses even though they are not realised, as most hold to redemption anyway.
In the last six months nearly all insurance companies have put up there prices by 25% Pru has nearly gone down by 20% everybody puts the blame on China they
are getting like America, if America sneezes we catch a cold!
Pru follows the Hang Seng index closely, and if you think the ftse100 is a dog look at that over the last year and then five.. gulp.
What is happening to Pru, can somebody enlighten me!
" disgraceful market manipulation by CROOKS! "
haha ..not exactly ..they just know the game better than you do !!
If you don't know how to play the game...don't sit at the table ...
G** help me, i added (small!) … must have a death wish, eh?
Probably best to sell and wait for a return to positive momentum
£9.02 and no sign of the fall stopping. China bad news daily. Is it time to sell and buy back in at some stage?
LOL
Not another idiot conspiracy theorist! LOL