RE: Why4 Dec 2024 11:05
An intelligent view to take is that Prudential isn’t valued correctly. I take no notice of the broker targets, the trade tariffs, which won’t just be one sided if Trump escalates, the Chinese will of course react.
Dominic Raab was on CNBC this morning, he has dealings with China, this interview was regarding mining, he quoted the Chinese are 20 years in front. The 20 years in front seems to be a common quote, be it transport, economy , ambition, basically everything.
We are where we are with the shareprice, and as I’ve said previously, with falling interest rates if the share isn’t valued correctly by the market, then someone will make a bid. My view also maybe suitors are waiting to see how Trump pans out before their move.
Experienced investors have seen this all before, so the smart money is of course sitting tight, that’s why we are successful.
Good luck.