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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
Suggest you focus on your own trading approach and leave others to their own. Focus on fundamentals or technicals of the stock and share/discuss here, rather than critique individuals.
I will leave it for others to assess the veracity of your posting. Not that the bulk of posters would give a second
thought to this in any case.
" all the commentators seem to think results are good ! "
the concern is that they will not match it in 2024, due to the idea that Kong Kong growth will moderate ....2023 Hong Kong got a strong uplift from the post pandemic China re-opening, which the market currently thinks is unlikely to repeated in 2024
need Q1 results to indicate otherwise
Wait until the Yanks wake up £6 £8 - every day a new race.
@ fatprofits
I also posted this yesterday.
Bracing for a buying dip tomorrow but at 774p this is already at a bargain so in for a bounce too. Always a market reaction with this beauty.
Add £5/£6 bring it on
or
Trim £8/£9
Let's go Brandon ( Bless Joe even saying it himself ;) )
What a shocking collapse, all the commentators seem to think results are good ! what the hell would have happened if the results were bad. Maybe a low ball bid from a competitor will just put this out of it's misery and we can all move on.
I dont get this, if profits have surged why the SP going downhill? I thought good news equals higher share price! Is there something dodgy going on these days in the stoclk market?
It's the way I trade.
A pop up I trim, which I did, but I retain a core to average down so not need to get too worried. With PRU I sold my add yesterday and bought back too soon thinking 740 was reasonable.
Will trim on a rise and have bought some more at levels I never thought I could buy at.
Fret not, as I am sure you have other more pressing needs.
Mx
" Sales growth has continued in the first two months of 2024 and we are seeing measurable progress."
obviously of no interest to the market ....They are looking for a 10% drop from the opening bell
SP well below COVID ..now back to 2012 levels
i guess they wanted a buyback or higher dividends ...
Absolutely f*cking ridiculous movement today. This is haemorrhaging and heading down to covid levels. Madness.
At 8.02 this morning you posted ...adding.
Now suddenly you ...trimmed at the open.
Always a reason to shaft companies - in reality the shares are a plaything and the contrarian view wins again. Having trimmed on the open, I have now readded.
Looking at the volume and who is printing it , I think there is one institutional seller who is being forced out due to redemptions and has waited for the numbers to source liquidity ...hang in there , when he's done they should rally
Concern that Hong Kong growth will moderate in 2024 after strong 2023 post pandemic China re-opening