Member Info for Crossley

Evening

Think he was referring to the core pce price index!

As of close 28/11, £4.74?

Interesting reading and certainly not boring.

Whilst I do hold none risk investments, that’s mainly due to commitments in 2027 & 32 that need to be potentially addressed, so not willing to risk.

I’ve had a look at a few figures. IF, that’s if, LGen can maintain an average dividend payout, equal to last years, over the next ten years on current SP (2.266) then so long as the SP is above £1.27 in ten years time, compared say, to a ten year gov bond,at 4.25%, my investment would be more rewarding here?

I guess you make your choices your most comfortable with

L&G is not expected to see much share price movement from purchasing Boots’ pension scheme despite it being the largest transaction in the insurer's history.

Analysts at UBS believe the new business strain caused by the high volumes of the £4.8 billion deal will be offset by lower solvency ratios.

An additional £910 million is set to be added to L&G’s contractual service margin - the future profits earned from the deal – slightly lower than UBS’s predictions of £1.3 billion.

Experts noted this figure doesn’t include any contribution from any non-annuity business such as protection.

The Boots deal brings the firm’s pension risk transfer (PRT) volumes to £13.4 billion for 2023, compared to UBS predictions of £12.8 billion and Visible Alpha’s market consensus of £12.1 billion.

However, when funded reinsurance is included, the net premiums of the deal come in at £10.2 billion.

Solvency ratios are at 224%, according to L&G. Analysts at UBS had estimated this figure would be at 227%, while market consensus had placed the firm at 230%.

Legal and General is trading flat on Monday, having opened at 229p.

Afternoon all.

Well done LTI, nice timing!

I’m invested here and have been for just over a year now. Not done to badly so far. Having taken a look at future EPS, I’m a little worried that the dividend looks in danger of taking a more severe cut than say, to a lesser extent, TW and what appears, RDW to have their dividend covered. I’d be interested in others views on this?

ALB

…… when the parliamentary pension fund invests just 1.7% in uk companies. Practice what you preach and all that

https://www.telegraph.co.uk/money/pensions/mps-pension-scheme-abandons-uk-stocks/

Morning RM

It’s hard work over on PSN isn’t it at times?

For me, out of the six HB’s I have on my watchlist,

(I’m sure you can guess these? ) I reckon this may perform the worse until the January update. We shall see?

Oh, I’ve finally got round to posting on Strictly’s blog! About the net cash situation here. Wether he allows it to be posted and if he responds we shall have to see. Just in case you wanted to get involved, if indeed, it becomes chatted about?

Anyways, I have to tidy the house before my daughters grandmother comes round to mind our second child as I’m off to the big smoke tomorrow. My nine year old is attending her first live gig. Ed Sheeran at the RAH.

And to think I could have sold the three tickets on a resale site for 7k. Hope she enjoys it!

Have a great weekend RM

Best regards

I’m sure Strictly will be along shortly but they basically paid out 95% profits that enabled them to run at 3 X PBV. They’ve changed strategy now though haven’t they

As I’ve said Crest isn’t really my thing but I’ve looked a bit further into this as I’ve not had a busy day.

With this statement only being twelve weeks ago I’d certainly like to see some financials in Jan before investing?

The firm’s group finance director Duncan Cooper told analysts yesterday (21/8) that Crest would likely end the year with less than £100m in net cash after the firm reported that sales had dried up in recent weeks in the face of soaring interest rates.

When I read the net cash this morning I expected a much

larger fall tbh

Afternoon RM

I’m glad for you you did.

What’s your thoughts on….

With the net cash dropping from £277m to 65m and pre tax of say 45m (17.5p per share) they will surely have to drop or maybe even suspend the div come January? It looks like they’ll burn through net cash soon at this rate?

Apologies Reader!

Do you do the figures Roofer?

Bottled it around 3pm at 192.9!

Good luck with whatever you do

No. I’m holding. I’m just under 10% up so it gives a bit for tomorrow. I spread my holdings about quite a bit and in different sectors. So my investment here is much smaller than yours. My general rule of attack is to buy stocks that have dropped to much and look for a rebound. I’ve missed quite a few this year from fear. That’s my learning to take into next. If I’d have done what I thought I’d be returning around 50% YTD

fickle! i used only that word yesterday rm.

a little nervous, if i were in your shoes rm i’d be absolutely ****ting myself. all sorts would be going through my mind.

although, if you’ve a strategy and you believe in it then you have to follow it? i’m on a 15 year plan of steady, average 20% gains. it was 16.6 last year but i’ve a little catching up to do and 20 would knock a year off. if i live long enough that is. i’ll be sparing a thought for you at 6:59am on the morrow mate

Hi again RM

It fell sharply from 226 to about 190 in the run up to the update

I didn’t know this so thanks for that. It’ll be interesting to see what happens over the coming few hours. It looks like others are starting to pull back a little…. for now?

Morning RM, Strictly & anyone else who’s in here

I just wandered if anyone has a view on these two points…

I decided to take the plunge here yesterday lunchtime as I saw best value at the time and with the inflation data coming in better than expected over the pond it might transfer over here too with the possibility of a leg up. Also there’s the imminent update tomorrow. My two questions are…

1: With the RDW update stating they have been effected with the lower chain collapses and RDW having the highest ASP and CRST the second highest. Do you think that could read across here?

& 2: To me it looked like the SP was being held down yesterday am but then took off like a train. In fact, since yesterday when said data came out the US (1:30pm) the second best performing HB has risen by 6.8% whereas CRST are up 12.4%. Has the update been leaked by any chance?

ATB for tomorrow btw

Well. There we go. CPI at 4.6%. Core at 5.7. Should be a good start today too

I believe the large rise in the energy price cap from a year ago is wiped out that will take care of 0.9% for starters (CPI).

No need for apologies. I was worried I’d been using the wrong tools all this time!

I won’t argue with that. I’m hoping this is the start of better times all round. This is my third attempt to reach my yearly goal in my fifteen year plan. Quarter of a percent to go. At least the FTSE is 7% lower than the last time I was here.

ATB and have a great evening

Evening Quickdip

Hope your well?

Great day today. I use investing.com for calendars and forecasts.

I’ve always found them pretty decent.

They forecast CPI 4.8% with core coming in at 5.8% yoy?

Is this not the consensus?