Member Info for Phyl

Thanks for sharing this update with us BeReyt. Cala never sat comfortably with me and one hopes there's more than an element of truth in the proposed sale. (some may disagree) I wonder what they will do with the £750m if it does go on to sell.

Zac "I'm reducing my exposure to dividend payers. I'm happy to simply sell funds to raise capital as and when required."

To be honest, I can't argue with your strategy.

I do have a couple of funds & trusts in my ISA with Fundsmith being one of them. While LGEN is my largest investment in there, Fundsmith isn’t too far behind. I'm happy with Fundsmith but much more nervous about LGEN due to the reasons already outlined and may well, yet, reduce my holding and buy a tracker which I confess to be light on.

So far today, however, the SP isn't being kind with the same being said for other, similar business's such as Phoenix which I always rend to benchmark.

It would be remiss of me nit to mention how appreciative I am of other poster's strategies when discussing LGEN & other investment types.

That's very true, there's always a chance i will regret it, maybe i should be looking for a higher figure min 2.60 and if it doesn't get there just hold, was thinking maybe just selling half of my shares, don't you just hate it though when your showing a nice profit then suddenly it's all wiped away

decisions decisions

Morning robleo,

My strategy with LGEN ( as I've mentioned a few times on this board over the years) is to build my investment here by means of re-investing the dividend. Once, I retire (in 30 months time) convert the dividend payments to income. I can take this tax free in an ISA.

However, I made this decision while Sir Nigel Wilson was at the help and committing to a 5yr dividend payment policy. Times have since changed, and now we have a new CEO who could have different ideas. Unsure which direction he wants to take LGEN's Dividend policy over the next 5yrs means there is greater uncertainty than if Sir Nigel was still at the helm. I am therefore, in exactly the same position as you. Perhaps the rational thing to do is sell at a reasonable SP (£2.55 a pop for me) and hold in cash until Antonio Simones announcement on or around the 12th June. Yes, he may commit to another 5yrs of 5% Divi growth which, should, in theory provide a boost in the SP and I miss out or he could part sacrifice the Divi for growth. The point is, the near term future is a tad more uncertain with the change in CEO. If I sell, it means potentially having to re-think my retirement income plans which I'm loathe to do, but selling eithet whole or part thereof, may well be the safest option as you have rightly alluded to. Wishing you well my friend.

Eckie8, first rule of investing, never trust what a broker like JP Morgan says. They change their views with the weather or what they had for last night's dinner. In respect of your LGEN holding, what is your break-even price?

Have you considered using your LGEN divis as a supplement to your retirement income? I have mine in an Isa so I'll be able to withdraw the divis tax free. Currently around an 8% yield.

Ad a reminder, Legal & General's next dividend payment date is on Jun 06, 2024, when Legal & General shareholders who own GB:LGEN shares before Apr 25, 2024 will receive a dividend payment of 14.63p per share.

Seen_it_done_it. How many shares do you tend to trade with in any one transaction?

"I'm in here for the dividend but seriously considering getting out shortly before ex-div date as there is a danger the SP will tank after that".

Nobody knows wether the SP will tank more than the divi following ex-div day. Anything can happen. For many, I would hazard a guess a lot depends on the SP value on the run up when deciding if they should remain invested. In my experience though, the SP always recovers to new highs, it's just a matter if time. (We await the day it surpasses £3!) The vast majority of investors here and I include myself, are not here for capital growth, but the dividend payment. This is why the June 12th announcement will be a significant one as the 5yr, 5% dividend growth promise (achieved) comes to an end. Will they continue with the dividend growth strategy for say, another 5yrs giving us investors the same level of comfort the previous 5yrs or will it change to one where capital growth is the direction Antonio Simones wants to take the business? If it's the latter, I believe that will provide a welcome cheer to the SP as I see one or two of us throwing our hats in the air. I for one, included!

Meconopsis, many thanks for your response to mine & Zac's posts. I am in complete agreement. I do run a SIPP in conjunction with a S&S ISA and will shortly be putting in funds as I have recently come out of early retirement. It's my belief, there are benefits to having both which you have very kindly & succinctly outlined.

LGEN represents just short of 50% within my ISA and 11% of my total investments. It's high in both cases, but I view my ISA as an important part of my pension with LGEN providing the tax free dividend element. This strategy is fine as long as it remains their policy to maintain It's dividend policy into future years. As we know, this is, by no means, guaranteed.

Just my opinion, but, if Antonio Simones announcement in June coincides with a BOE interest rate cut and provided it's good news for income investors, this could likely lead to a re-rate in the SP. A double tailwind if you like.

Morning popper4. I completely agree, and that would be my worry, and I would hazard a guess, the new CEO's. This is a dividend bearing business which is so well entrenched in such, that any move away would invariably trigger a right ol sell off! Whilst I have no real idea of his strategy, I can't think he'll want to change the dividend policy too much, but you never know. The likes of Blackstones will no doubt have their say. Something would need to change if they want SP and hence, market capital growth. I'm guessing these are the matters that will be being discussed with LGEN's new advisors. We will look forward to June's announcement. Thanks to all those who have responded by the way. 😀

With the LGEN board's commitment to the dividend increases coming to an end this year, (2024) and with Antonio Simones review address in June, what do investors think the new forward looking dividend policy is likely to be? For example, do you think he will want to continue with the current policy knowing any reduction in dividend payments would invariably decimate the share price and hence, market cap? I appreciate, it's all guesswork at this stage. Personally, I haven't a clue which direction he'll decide to take the dividend policy, bur, it's my hope, he continues on the same path as Sir Nigel Wilson in this regard. I'm purely talking Dividend policy by the way.

This is what can be achieved. This is the future for Green Renewable Energy:

https://www.newcivilengineer.com/latest/advanced-proposals-unveiled-for-river-mersey-tidal-scheme-which-would-be-worlds-biggest-08-03-2024/

I found this quite an interesting comment made by LGEN's CEO, Antonio Simoes:

The company said it had “considerable opportunities available to deliver attractive returns to shareholders by retaining and investing capital within the group” but added it would consider these against the merits of returning capital to shareholders.

It'll be very interesting to learn his vision for the future, but it sounds like (SP) growth might be on the agenda.

3% drop so far. Could be a lot of buying today though.

We're about to find out the market's reaction to this, but I suspect none of us are expecting anything less than a fall. 😕

Nick, I'm not sure if you're talking about LGEN final results of Jeremy Hunts Budschitt. :)

I've come to the conclusion that I have no idea what tomorrow's results are likely to bring. Normally, I have a feeling of positivity or pessimism or plain indifference, but not this time around. A penny for anyone else's thoughts.

"Always someone digging around to spark negativity, name of the game"

Certainly not me. I'm very much pro LGEN as can be seen from my many positive posts. Just sharing what's being said in the interests of being fair & balanced.

Personally, I think it wise LGEN steer clear of controversial investments such as arms, but only for reputation purposes. I won't be selling up anytime soon because of it though.

It appears our beloved LGEN have been investing £bns in Armoury and are coming under fire because of it as is Barclays. No details per se at this stage apart from what's in the link below. Not sure what the new Advisors think of it. Maybe they'll say. "Don't do that" .

https://uk.finance.yahoo.com/news/barclays-legal-general-under-fire-060000664.html