Member Info for MattTheBrave

Yep, it's pretty horrible 50g. I got our out at 25p which gave me a 30% loss overall, but could have been so much worse!! I am going to give this stock some serious consideration if it falls below 10p though, but only with a small amount!

If the research proves a 'folly' as you say, the stock will certainly not be trading on 35x -single digit at best- not that I'm expecting this to happen by the way!!

Why don't you s** off sir. You're clearly just an operator for your crappy crweworld site (all of your posts on all stocks are identical to the one below) and you're just filling these Boards up with your rubbish. By the way, your site's rubbish as well, along with all the others that just state what the price has done and whether some know-nothing sell side analyst has changed his view. I've reported your post and I hope they ban you. Rant over!

http://www.blancco.com/investors/videos/blancco-teach-in-2015/ Worth a listen.

...big bounce in the mid-cap FTSE 250 index today (with 2 or 3 notable exceptions...!!) up 2%.

This is a must have in anyone's pension fund/portfolio over the next 3-5 years. Very well capitalized, good management, growing asset management business, single digit PE, very high yield. Regulation for insurance is more of a global rather than EU issue, so I cannot see this changing. Strong Buy.

Been looking at this and sorely tempted now. anyone want to tell me why I should (or shouldn't) take the plunge...?They must be a beneficiary of a lower pound in the longer term?

I think you're right GS. However, the problem here is that any stock which has largely domestic sterling revenues is getting caned, whilst those with non-sterling are holding, or even going up. Unfortunately, RST is ion the former camp at the moment, but when the market becomes more discerning again (as it always does) we can expect a bounce!

Fair enough Andy. I think the 'challenging conditions' comment referred to the closure of the Chilean border which was temporary, and is now open again. General market is poor for domestic mid caps for sure, but much more positive for international companies with lots of non-sterling revenues - which I think does describe BMK - however, we'll see!!

Less than 10x earnings now, and orders still rolling in - I'm buying this morning.

....when I said it might be a punt at 10p, I didn't realise it was going to get there (possibly) in 24 hours.....Yowzer!

Agreed, excellent results!! Surprised to see no comment regarding the effect of sterling weakness. they clearly have a lot of overseas clients, but whether they're paid in Sterling, or hedge the currencies, the RNS doesn't really say.

Possibly, although some arbitraging between the UK and ADR listings from HFs might account for some of this?

To be clear BB, the 18.2bn of assets in property is the assets under management within it's investment management business out of a total of £746bn. The vast majority of this is managed for third parties rather than being L&G's own assets. In addition, bond assets and overseas assets have actually risen strongly recently, which means that investment management fees are likely to rise overall. On regulation, it' seems unlikely that the UK will put regulation in place which hurts, or put's its own domestic insurance industry at a competitive disadvantage. Finally, given that the price has near halved in the past year, it might be reasonable to think that much of the uncertainty is in the price?

likely to be too little late I fear JS......

Spike, yep, I was 'fortunate' enough to sell out at 25p this morning. I agree, PB is the jewel, but the rest of the business looks ghastly. As stated before, a punt at 10p might be a good shout, but too much uncertainty to buy back above this level IMO. I really should have sold out when the announced the LTIP last year - live and learn!!

Not sure that a few panicking retail investors (which is what this is) heralds a fundamental fall in the value of commercial property in the UK. The Institutional and DC pension property funds remain open, and there is no signs yet of any selling. Not to say that things won't change, but for this to knock 10% or more of L&G's share price over the past few days is ridiculous.

...this morning, with a 45% decline. Might be worth a punt below 10p, but feels to me like a real chance of going to zero. Makes the ridiculous LTIP they put in place last year completely laughable!

Can anyone work out what it was about the figures that has caused this to drift lower like this. I'm pretty sure that most of their revenues are non-sterling so recent currency moves should be a major positive?

Stock down at 20p now.