Member Info for Meconopsis

Headlines:

Operating profit up 12% to £2.5bn
EPS up 12% to 38.3p
ROE of 21%
Solvency coverage of 236%

Full year dividend up 5% to 19.37p

LGRI operating profit increased by 9% to £1,257m (2021: £1,154m)
LGC operating profit increased by 10% to £509m (2021: £461m)
LGIM delivered lower operating profit of £340m (2021: £422m) primarily due to the impact of market movements on assets under management, which decreased by £225bn to £1,196bn since the start of the year
Retail operating profit increased by 33% to £825m (2021: £620m)

IMV the increase is sufficiently big that either an institution is building a stake, or there are rumours that the results are going to exceed expectations.

BTW - the #N/A is because Excel doesn't have the share price for 30/8/2021.

Dividend payments (taken from DividendMax) and share price data (Excel) for 2019 onwards with share price five trading days either side.

The dividends are shown on the Ex-Dividend date in the format "Dividend Type", "Dividend Amount", "Share price difference on the ex-d date versus the day before.

I suspect the special dividend in May is anomalous as IIRC there was a capital restructuring as well.

I've used "|" as a column delimiter.

Use at your own risk.

04-04-2019 | 429.1
05-04-2019 | 430.5
08-04-2019 | 429.6
09-04-2019 | 431.7
10-04-2019 | 429.9
11-04-2019 | 416.5 | Final | 20.75 | -13.4
12-04-2019 | 418
15-04-2019 | 418.7
16-04-2019 | 426.3
17-04-2019 | 435
18-04-2019 | 431.6
08-08-2019 | 388.8
09-08-2019 | 383.1
12-08-2019 | 379.9
13-08-2019 | 380.2
14-08-2019 | 371
15-08-2019 | 357.6 | Interim | 9.5 | -13.4
16-08-2019 | 360.7
19-08-2019 | 363.5
20-08-2019 | 358.1
21-08-2019 | 358.5
22-08-2019 | 362.5
06-08-2020 | 297.5
07-08-2020 | 293.6
10-08-2020 | 292
11-08-2020 | 300.3
12-08-2020 | 303.7
13-08-2020 | 293 | Interim | 6 | -10.7
14-08-2020 | 288.8
17-08-2020 | 289.1
18-08-2020 | 287
19-08-2020 | 287.1
20-08-2020 | 280
03-12-2020 | 334.9
04-12-2020 | 338.2
07-12-2020 | 333.1
08-12-2020 | 330
09-12-2020 | 333.2
10-12-2020 | 323.8 | Interim | 7 | -9.4
11-12-2020 | 316
14-12-2020 | 320.3
15-12-2020 | 324.6
16-12-2020 | 328.7
17-12-2020 | 331.9
30-03-2021 | 412.2
31-03-2021 | 408.2
01-04-2021 | 409.1
06-04-2021 | 415.7
07-04-2021 | 420.4
08-04-2021 | 407.4 | Final | 14 | -13
09-04-2021 | 404.6
12-04-2021 | 408.1
13-04-2021 | 408.2
14-04-2021 | 406.9
15-04-2021 | 406.8
19-08-2021 | 414.4
20-08-2021 | 414.1
23-08-2021 | 418.5
24-08-2021 | 419.4
25-08-2021 | 420.9
26-08-2021 | 413.3 | Interim | 7.35 | -7.6
27-08-2021 | 411.1
#N/A
31-08-2021 | 404.1
01-09-2021 | 407
02-09-2021 | 411.7
31-03-2022 | 452.1
01-04-2022 | 444.6
04-04-2022 | 438
05-04-2022 | 440
06-04-2022 | 444.2
07-04-2022 | 422.4 | Final | 14.7 | -21.8
08-04-2022 | 425.8
11-04-2022 | 428.5
12-04-2022 | 428.9
13-04-2022 | 429.6
14-04-2022 | 434.3
09-05-2022 | 402.1
10-05-2022 | 406
11-05-2022 | 411.1
12-05-2022 | 398.1
13-05-2022 | 408.2
16-05-2022 | 394.65 | Special | 101.69 | -13.6
17-05-2022 | 405.65
18-05-2022 | 414
19-05-2022 | 408.9
20-05-2022 | 412.1
23-05-2022 | 429.2
11-08-2022 | 463.3
12-08-2022 | 467.9
15-08-2022 | 467.7
16-08-2022 | 460.1
17-08-2022 | 458.8
18-08-2022 | 439.4 | Interim | 10.3 | -19.4
19-08-2022 | 437
22-08-2022 | 431.2
23-08-2022 | 428.8
24-08-2022 | 425.2
25-08-2022 | 425

Excel has a handy STOCKHISTORY function - https://support.microsoft.com/en-us/office/stockhistory-function-1ac8b5b3-5f62-4d94-8ab8-7504ec7239a8

I think you need to be on Office365 to use.

Worth a read - https://www.ii.co.uk/news/earnings-preview-focus-on-admiral-dividend-amid-shift-to-ifrs-17-al1678104018538075600

The IFRS17 accounting change impacts all insurers.

Worth a read - https://www.ii.co.uk/news/earnings-preview-all-eyes-will-be-on-size-of-aviva-buyback-al1677860329295448600

It's also worth noting that, like all other insurers, Aviva are impacted by an accountancy standards change, IFRS17, which will probably depress headline profitability.

Some explanation here - https://www.ii.co.uk/news/earnings-preview-pension-risk-transfer-deals-in-focus-as-lg-reports-al1677858309605383100

This is worth a read - https://www.ii.co.uk/news/earnings-preview-pension-risk-transfer-deals-in-focus-as-lg-reports-al1677858309605383100

The IFRS 17 accounting changes are important to bear in mind when doing a year for year comparison. L&G should provide restated figures for last year with this year's results.

"IFRS 17 requires a company to measure insurance contracts using updated estimates and assumptions that reflect the timing of cash flows and any uncertainty relating to insurance contracts. This requirement will provide transparent reporting about a company's financial position and risk." - taken from the IFRS.org factsheet

The change impacts all insurers - so AV., ADM, etc

CHaigh - if any of us could categorically answer that question then we'd be hanging out on our private islands, rather than on here.

The only thing we know with any certainty is that - in principle - the share price should drop by the value of the dividend when it goes ex-dividend. Even then, it doesn't always do that. Sometimes it's more and sometimes it's less!

If you're in and out of the share and have a profit then you have to ask yourself the question about how much profit is enough profit. If you're undecided then you could sell some and hold the rest.

We're approaching the tax year end - so tax considerations also play a part.

I'm a "buy and hold" type of person. For me, the price will go up and will go down - I sort of care little. Within reason.