Member Info for adeg1

Market cap of £932M is now probably lower than the net assets. Time to start a share buy back programme.

Nothing says you have to sell them all. I hold a pot that are long term that I will never sell and a pot that are short term trading. That way I can get the best of both worlds.

All stock bid by PHP rejected at 43p vs a cash bid of 49.4p from VC. Looks like our bid was based on NAV so will come in lower as our shareprice is below NAV.

A cash bid also means their directors pocket a big cash payout rather than shares in PHP so more likely to go with that option.

I'm not sure we need to get into a bidding war for this.

Hoping they can be as good as Admiral today.

It will be huge but then they will divert it into a share buy back scheme.

£2 billion on a £158 billion market cap is 1.2%, which it just lost in the last half hour. Unless these buybacks are signifcant, i.e. 10% plus of the companies market cap they have little if no impact on the shareprice and would be better distributed as a dividend.

My issue is that they paid an average of £6.87 per share in the recent buyback. Does not look good when the price is now £5.60. They are supposed to have the inside knowledge of the company and should have retained the cash to reduce debt until the price was fair or distributed it as a dividend.

Because the market expected it to be a lot lot worse.

The next dividend is already built into the price so all things being equal the share price will drop by the exact amount of the dividend. You are buying the share for future news and income .

But in answer to your questions I bought more today anyway.

But its not bigger than PPI. The PPI issue was that people were sold a product that there was no realistic chance that they would be able to cliam on the policy. They weren't given the option to opt out and were forced to pay for somethingthey did not require.

Car finance was required by the person purchasing the vehicle and they obtained a benefit from the finance. Unless they were told you can only buy this car with this finance package then there is no misselling. Earning a commission is not a crime, otherwise I will be taking Compare the Market et al to court for all the commission they have earned on my insurance products over the last 15 years plus.

"Bad = 5 year stats - FTSE up 950 points (up 12%); L&G down 45p (down 16%)"

Good = over that 5 year period dividends paid of 93.3p so L&G long term investor is up 48.3p (up 17%)

Looks like the spike in price spike was caused by Balynsey asset management exiting their short position.

I'm glad I'm not short on this share.

if they keep buying back shares at this rate there won't be many of us left in a few years time. feet up, ***s out and enjoy the dividends.

All dividends come straight off the share price. However when that dividend is not factored into the current shareprice its a winner. The market is not pricing in the cashpile that LGEN is currently holding. Therefore if LGEN announced a £1 per share special dividend the share price would increase immediatly. If LGEN can't do something with the cash they hold then give it back to the shareholders so we can.

They are awash with cash. Time for a special dividend or larger buy backs, the board need to use this cash or pay it back to us the owners.

The Solvency two ratio at the August results showed an £8.8bn surplus. A £1 per share special dividend should do the trick.

While they continue to buy back shares keep the shareprice as low as possible. Don't need to or intending to sell for another 20 years and will buy more over that period. The share price is only an issue if you are buying or selling.

Buy below £50, sell above £60 and enjoy the dividends while you wait.

Onshore wind back on the table. Time to start investing profits again instead of buying back shares.

Not with a 60p per year dividend, it would be down to 3% at £20 per share. Time to give some more back to the owners.