Member Info for Blue_boy

Long way to go to £2.75.

I like this bit…

From 8.6% to 5%

In the event of a bid, I see a simpler way to triangulate the take-out price than a divisional sum-of-the-parts: the forward dividend yield. L&G yields 8.6% on 2027 consensus DPS of 22.67p at Friday’s 264.8p close. I believe it is reasonable to compress that to 5%, broadly where Allianz trades, still a great yield for a balance sheet as strong as L&G's, with full asset-liability matching and a strong new business pipeline, and the implied share price moves to c.453p, a 71% premium to today

Position reduced by 0.15%

Divi,

That’s a bit optimistic, but loving this holding up on a very bad day for ftse.

Yes, I’ve got to agree. I love the dividend income, but would love to see an offer on the table, even a bidding war. 30%+ and I wouldn’t be complaining about anything.

I’ve been through the mill over the years with Lgen, held my nerve and would love to see a big payday, if not I’ll continue to hold for the income.

Come on!

Is this genuine?

Divi and the ftse is having a cracking day so far.

As much as 7.7p price swing today. Entire sector the same. Anyone know why?

The orange one strikes again!

£3 breached!

Lgen have already bought back 700mln, and plan on another 1bn after the USA PRT sale. Not sure your numbers are correct.

I was thinking the same thing, a lot of financials suffering the same.

@John714

I got in at the same level, did exactly the same, reinvested dividends and topping up, but decided to ditch them in the mid 70s. Still a big loss, despite the averaging down.

I got burned with NESF and SUPR, but is now a good entry point, who knows. Good luck.

UBS cuts Legal & General price target to 260 (275) pence - 'neutral'

What’s going on, why the sudden drop?

Fingers crossed it holds, better still it keeps going up.

Anyone got any news regarding the 1bln buy back starting?

Phx rockets, MNG following and AV. Why does LGEN always lag.