Member Info for Eckie8

And I was hoping for a solid start to the week. But as usual the FTSE stumbles a bit and LGEN falls off a cliff!!

Don't understand how share buybacks work. As an investor I haven't had any capital returned to me!? Or does it only benefit large institutional investors?

Meh

I am simply comparing two companies in the insurance sector, albeit yes with differing risk management strategies. Aviva wins out on all metrics. A company is assessed on the basis of both the share price performance and dividend income. If the share price falls or significantly underperforms against the FTSE then that is a direct reflection on the boards executive performance, mainly the CEO. Just look at what happened to ex CEO Stephen Bird from ABRDN. In the event of the inevitable major correction of the FTSE L&G's share price would undoubtedly crash, putting the dividend at serious risk. So capital value and dividend income would dramatically fall. We all have to sell at some point, or leave a basketcase to the kids. Just saying.

As an example, Aviva has matched the FTSE increase and has significantly outperformed L&G over the last 5 years. Granted that Aviva's dividend payout is around 2% less, it is obvious that L&G has gone nowhere. Also, taking account of inflation figures over the same period, successive CEO'S and Boards have mismanaged this Company for far too long!!

Mmmm- hasn't done much for the share price this morning. Another disappointing start to the week!!

Nice rise more recently but still so disappointing over the longer term. FTSE now at an all time high and LGEN limping along behind. FTSE up 21% in the last 5 years. LGEN down 11% in the same period. When are we going to get back to the good old days?

Yes good dividend but overall capital value to dividend yield no better than a basic savings account at around 3% over the long term.

Was hoping for a good start to 2025 but not be be. Again seriously underperforming against a strong FTSE today. Dividends are not guaranteed, especially if this dog continues to languish.

Finley1

"businessmen should run the country, it’s obvious."

I would tend to agree with you, as incompetent politicians have squandered large amounts of taxpayers money over the years.

Wouldn't pick Simoes however. He couldn't run a corner shop!

It's only Monday and that triggers the start of another week of underperformance with this basketcase.

When will it ever end? I need to sell soon to raise some capital, but will probably have to suffer a big loss! My average is £2.67

I see L&G are on the biggest FTSE faller list. Back on the slide again as expected. Oh, but not to worry the dividend is safe, allegedly.

As for shareholder returns I just don't understand how buy backs achieve this. I haven't received any cash back yet?

I'm still here my friend. Dont get too exited. We've been here before, but perhaps this is a turning point, which I would welcome. Let's wait and see how it finishes today and going forward.

There ain't much to talk about this basketcase.

More underperformance once again this morning against the FTSE, which is riding high. I do hope it doesn't drop further following the report tomorrow. But every time they announce something the share price tanks. My big worry is that a big correction in the FTSE is overdue and then this dog will inevitably go well below £2. Fingers crossed it will the be ripe for a takeover and finally put us all out of our misery.

Cpt H

Unfortunately I have dripped the dividends back in to buy more shares. So it's difficult to calculate. All I know is that I have a lot more shares with a much lower capital value. And again another bad week for the stock!!

Cpt H

In 2018 at an average price of £2.65. I retired and put some of my lump sum into L&G. Bad timing and not complaining but had resonably hoped the price would increase over time. My worst performing stock to date. As I mentioned before, we don't live forever and need to sell at some point or give it to the kids. He ho!

HSBC, National Grid, Unilever. To name but a few.

DYOR!!

Cpt H

A other bad week for L&G. I wouldn't advise waiting a few years. I have waited 6 years now and this dog has dropped significantly in that time, while the FTSE is at all time highs. Insurance is a bad bet. Perhaps you don't remember the debacle of endowment policies that didn't deliver to long suffering house buyers over 25 years. Better to invest in companies with better capital and dividend growth. DYOR.

Phyl

I agree that nobody knows what the share price will do on 4th Dec. I do hope it does recover, but looking at the stats for the last 5 years - on reporting days the share price dropped on almost all occasions. Fingers crossed this time it will buck the trend.

Oh dear, another probable big drop in the share price on 4th Dec. Also, looks like we are heading for another lamentable week in the share price with L&G and the banks badly lagging behind the FTSE. Bah humbug!

Not forgetting that the taxman/woman gets 8.75% basic rate and 33.75% higher rate on dividends paid. This can make a big difference, assuming you do declare.