Member Info for eccles04

Noted that Norges Bank acquired another 100k odd shares the other day, love to find out why.

More like 20p is my guess Abject, despite all the crazy selling happening at present which I will ignore as usual.

Erm I suspect Labour is very interested but someone might have the sense to sell chunks on the open market rather than do some sort of public offer and receive less cash.

I never trust brokers, they all have agendas which are not necessarily in the investors interest. However, even now if one uses the earnings figure rather than the div to calculate yield even now it offers a very respectable 13% and that is what got me interested a while back when I paid just over £2

Perish the though Mecon, In my training many years ago I was taught that a true and fair view is the epitomy of the accountant's craft and the principles were exemplified in certain "audit" cases by expert judiciary. They were at pains to explain that what the man in the street could understand easily was the essence of true and fair. Sadly my profession has now spent many hours ignoring those concepts with their technical standards "for good reasons".

Seems to me that the high PE is just temporary with the ridiculous IFRS 17 probably the culprit. As a retired qualified accountant, I reiterate that said "standard" should be scrapped as the results of applying it are often misleading to investors who do not understand it's effects.

A great opportunity! Wish I had some spare cash.

No I don't owe him an apology, he bought Lloyds with the money for around 30p and thus has near doubled his money and is getting 4.5%. My portfolio yeilded around 6.5% last year, near double what Tesco pays, good init?

Don't understand why you sold unless you are short of readies; 3.50 at least is on the cards

Hey Clank, Deramping this share by so called analysts happens quite often and it's not difficult to work out that they have an ulterior motive. They never give any evidence for their comments but there are always enough mugs who sell cheap.

Cannot believe folk buying shares where dividends are less than the building societies pay.

Spantrout correct, Starbrigh not too bright.

I have a sneaking suspicion that by now their cash balances have increased by a significant amount. Question is what are they going to do with it, some for us perhaps?

Little bit of auto profit taking going on now by fools who know no better.

Correction, they made me 20% !!

I bought a load early in the year for 71.7p for some unknown reason. With today's div they have made me 15% in half a year and still they are cheap IMO.

I thik it's beginning to dawn on a few people that the company's profitability is heading back to normal which of course it should be as they finish paying out for the problems of a couple of years ago.

A glance at the fundamentals published here will show that the NAV per share goes up and down like a roller coaster. How can this be with an outfit the size of L & G one might ask. I suspect that it is the effect of the wretched IFRS 17 and it's predecessor; they are supposed to get insurance companies to take account of changing values of the assets they hold to provide for policy holders. I contend that as there is no intention to dispose of those assets at "market" value, the most notable effect of using these accounting standards is to utterly confuse the shareholders of such companies so that the share price gets distorted. I believe it is happening here and now and IFRS 17 should be scrapped.

Ask yourself just one question: What is the ONLY cause of SP increases? The answer of course is buying activity because the market maker(s) need to maintain their stock levels and can only do so by offering a better price if their stocks start to reduce. It matters not whether the buyer is mr investor or mr company, the effect is the same; this is called logic.

"Common practice" - Don't believe that either, I have now been with the same insurer for six years and never once have they bumped up my premiums on our two cars other than by a reasonable amount to cover inflation; in fact in one of those years they actually reduced. Mind you I have an impeccable driving record; it's quite possible to gain an impeccable driving record by simply switching on brain when getting into car.