Member Info for MattTheBrave

Bit late for that Dan.

WO - Every post you make just confirms what we already know about you - crude, unpleasant, uninformed, homophobic, and moronic . You're not related to The Donald are you....?

Max - they invest client's money overseas, but fundamentally, L&G is a UK business with sterling revenues, and hence why it, and the financial sector as a whole have suffered with recent Brexit concerns. The true hedge lies with those Companies that genuinely rely on other countries, and more importantly, other currencies - L&G isn't one. That said, the PE is pretty close to single digit, the yield is high, and the business (excluding BREXIT) is relatively stable.

...about poor risk culture in the asset management business, and whistleblowers going to the FCA. Could well be just disenchanted employees, but worth keeping an eye on.

Just sold half it's share of its loss-making Mexican business for (potentially) around 10% of it's market cap. Nice deal which won't detract from earnings and will help reduce debt.

Anyone heard from him recently? Been over 6 months since he posted anywhere on LSE.

Hi Mancs - yep, I'm still here. Bought in at 60p initially (back end of 2012, beginning of 2013), and kept adding up to £1. I have sold bits and pieces along the way since then, but remain with a core holding here. Doesn't look cheap I have to say, but happy to hold here and perhaps take some more profits above £4.

Regarding your wider point, I wholeheartedly agree - It always makes me laugh to see hundreds of posts per day on highly speculative AIM/Mining stocks with no profits and dodgy management (which usually go bust) whilst high quality stocks like this which generate fantastic long-term value are largely ignored! ho hum!

2019 consensus is 58p putting the stock on 14.5x I believe. That said I've long held the view that £9 represents fair value here. however, as we get towards the second half of the year, and providing the Company continue to believe 2020 heralds a return to growth, then the stock looks more interesting. Meanwhile, the 5% yield is a nice to have!

Only sales I can see are the ones to cover the tax liability from vesting stock options. tock now on 8x earnings, and the AGM statement says the business proceeding as planned. Strong Buy here IMV.

Could it be the debt holders are now planning to take the Company private with a cheeky offer? TBH doesn't seem very likely given that there's been no RNS which would be a legal requirement for such an offer. In the absence of this, you can't put money aside for shareholders ahead of those higher up ion the capital structure ie the debt holders.

My favorite bit: "However, there are also other factors such as capital structure to consider, which could explain the current undervaluation." !!! This is literally the only reference to the crippling level of debt, plus it doesn't mention Hylas 4, or anything about the current state of satellite market or any of the recent funding developments. I think this tells you all you need to know about the quality of journalism/analysis of the article, and the poster whio in his infinite wisdom decided to copy and paste it.........

Very tempting.......!!

Yep Romaron, you haven't either disagreed with him, presented him with logical argument as to his errors, or just plainly stood up to someone who is clearly a bully. I'm very happy to be on his 'elite' list on all counts! ;-))

Well, Phoenix's last sentence was clearly misguided, but I have some sympathy for his first 3, although I remain confident on L&G shareprice at this level.

Our mission is to educate you such that you have some value to society GCC. Sadly, not accomplished now, nor anytime soon (if ever).....

You went to a school where they gave gold stars for humorous comments? That explains a lot mate...;-)

Well Tyche, if I'm living in the past, but am 24 hours ahead of you regarding news flow, what does that make you I wonder...? ;-)

Yes, do try and keep up tyche , old chap. The 11% drop in the ISAT price this morning should have given you a strong steer........

...and yet he still knows more than you!! ;-)

Oh dear. Care to comment FTSE? Another ramper bites the dust, eh?