The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Berenberg thinks Legal & General is "a fantastic business" and arguably the most exposed to the positive trends in bulk purchase annuity. However, it highlighted that the stock's high correlation to credit and the UK economy could cause it to underperform.
"Our analysis shows that, unless credit spreads are below 50 basis points, L&G's share price will not rise above 300.0p," said the German bank, which cut its target price on the stock from 345.0p to 290.0p.
As far as M&G goes, Berenberg said the group offers "an attractive yield" of 9.3% and stated there will undoubtedly be debate about whether the company can launch another share buyback.
However, without organic growth in its asset-management business, Berenberg reckons management commentary on dividend growth will remain "cautious" and, as such, the stock will struggle to rerate, leading it to cut its PT on the stock from 260.0p to 218.0p.
In the same note, Berenberg nudged up its target prices on 'top pick' Aviva and 'buy'-rated Phoenix from 540.0p and 815.0p to 546.0p and 820.0p, respectively.
Why is sse falling ?
Any idea why hsba is dropping so much ? Any bad news ? I am thinking of buying at this price and holding on for the dividends, any ideas ?
Dividend is 10 us cents which is about 6.7 per share. If one buys say 3000 shares, the dividend would be about £200 and goes ex dividend 5/6 may and paid 7 th june. I think bp shares do fluctuate with the price of oil.
Anyone know why Hl. Shares are down neary 4% ?????
Thanks for the feedback. yes the deadline is 4th dec. It is a discount on the current price but whether it will come down as more people take up the rights ? I guess its a risk Did you see any view points from brokers or the press ?
** United Rentals falls 7 pct after talking down May activity, according to traders ** Co speaking at KeyBanc Capital Markets on Thursday, according to Thomson Reuters data ** Top faller on S&P 500 ** UK-listed peer Ashtead down 4.2 pct, moves to biggest loser on FTSE 100 ** Second worst day for both stocks YTD ** Terex Corp down 7 pct, Oshkosh down 3.3 pct (RM: alasdair.pal.thomsonreuters.com@reuters.net)
** United Rentals falls 7 pct after talking down May activity, according to traders ** Co speaking at KeyBanc Capital Markets on Thursday, according to Thomson Reuters data ** Top faller on S&P 500 ** UK-listed peer Ashtead down 4.2 pct, moves to biggest loser on FTSE 100 ** Second worst day for both stocks YTD ** Terex Corp down 7 pct, Oshkosh down 3.3 pct (RM: alasdair.pal.thomsonreuters.com@reuters.net)
I do not know why the share price dropped . I tried to find out but got no answers so I bought 2000 at 11.78. Sometimes there is no time to do any research but please let me know if you come across any news.