Member Info for Phyl

And what they say should always be taken with a pinch of salt, but it's always interesting to get an editorial view whether positive or negative. This is somewhat a latter one...

https://www.fool.co.uk/2024/03/03/how-many-cheap-legal-general-shares-must-i-buy-for-a-100-monthly-passive-income/

The previous post's got me thinking... the worst month's during 2023 for LGEN were March & October. Could be a time to brace ourselves! On a positive note, the lower the SP the more shares re-invested dividends brings!

Hmm, it does seem to trend that way unfortunately, but hopefully, this year, it can break the mould. Possibly needs lowering interest rates to tempt back investor's to achieve it though. Anyone else with a view?

Great to hear I'm not alone 🙂. Another good day today. Let's hope it continues.

I've often criticised this trust for its performance over the past year or two, but fair play to the managers, this trust has staged somewhat of a recovery. My losses have been halved over the past couple of months as it appears biotech is on the cusp of greater investor sentiment. Long may it continue!

I know this post will fall on deaf ears as this board is just about as quiet as it gets but, hopefully, it may be of some use to anyone thinking about buying or selling. Good luck to all investors in WWH.

I've just checked out the L&G Global 100 Index and it's very impressive. Over a 12 months period, it's grown over 20%. Considering the high volatility we've been experiencing, that ain't half bad. It's top 10 are the usual US suspects including the likes of Apple & others from the so called magnificent 7. I suppose the question is, will this mini bull run continue?

@johny, thanks 😊 for your post. In truth, I haven't, but I will. Thanks for the tip.

Just sold out of BARC leaving LGEN my one & only share. The rest of my portfolio is made up of trusts & funds. I read with interest that Winterfloods most recent review suggests the latter, especially, smaller companies, are at a 12 year low in terms of investors looking to buy. Meanwhile, as for myself, and has previously posted on this board, I'm sticking with LGEN as an additional income source (divs) to supplement my pension in 2.5yrs time. For now, I'll continue to reinvest the divs to accumulate more shares and thus, benefiting the average per share paid. We should all have a strategy when it comes to LGEN and the rest of out investment portfolio. For the record, I have some great trusts including Fundsmith & Blue Whale and some right duds. These include, BG Global Discovery, BG American, JPM China and Worldwide Health.

BARC on the acquisition trail?

https://uk.finance.yahoo.com/news/barclays-eyes-socgens-uk-private-075913184.html

I think you're right to be cautious ForeverNever as the SP could fall lower leaving the majority of investors even more underwater having seen the SP fall circa 43% since the beginning of February. Well, those that chose not to bail out. However, I do wonder whether all the bad news is baked in? We may well not have seen the bottom but guessing that is nire on impossible. The SP showed some signs of recovery just before close on Friday so that might bode well on the opening bell?

I'm in a similar situation. I hold LGEN & BARC, but it's LGEN that forms part of my retirement strategy. I currently re-invest the dividends that benefit from both compounding & average down. In a couple of years, I'll take the dividends as income to supplement my pension. There's also Phoenix to consider. Wishing you well Gary59.

Berenberg sees a smoother road ahead for L&G

Legal & General (LGEN) will enjoy a smoother ride from here given the growth prospects for UK pensions, says Berenberg.

Analyst Thomas Bateman reiterated his ‘buy’ recommendation and target price of 289p on the Citywire Elite Companies A-rated insurer, which gained 2%, or 4.6p, to 235p on Wednesday ahead of its full-year 2023 results, but still has some way to go to recover the 7% loss over the past year.

‘The road ahead for L&G is much smoother than what can be seen in its rear-view mirror,’ said Bateman.

‘We remain convinced that in a scenario where interest rates fall slowly in the UK, then the 8.8% 2024 dividend yield L&G currently offers is an extremely attractive investment proposition, especially given the strong growth prospects in UK pensions.’

Although there are some ‘frustrating accounting movements’ that will feature in the full-year results, he said they do not affect the cash generation of the business.

‘More importantly, longevity releases will drive solvency capital generation, assets under management in L&G’s asset management business is rising, corporate bond spreads are falling in the UK, and the demand for annuities remains exceptionally strong,’ he said.

Longer term holders will have experienced the volatile seas surrounding LGEN for such a long time now, including myself, but how nice would it be if this article had substance and the ship that is LGEN, steered into calmer waters.

Down again today which makes me believe the markets are taking the same view as CITI. I always wonder were the likes of Deutsch and CITI get their information from that they can make these sorts of predictions. Both big organisations with completely different bias toward LGEN. Perhaps best to ignore all of em!

You'd think JPM & Berenberg would have something to say following CITI's outburst wouldn't you as it directly contradicts their view. Only, for any positive analysis to be viewed with skepticism with SP remaining relatively flat while a negative viewpoint is always considered to be more accurate resulting in a severe drop in SP. I wonder if CITY are playing mind games using LGEN as an easy target to make money? They obviously need it more than we do!

Good post Meconopsis.

I like to think you're right nick, but an 8% drop since the beginning of February isn't commensurate with the FTSE nor it's top 100 companies. I'm confident it'll recover though. It always does.

Down 3% so far at the time of writing which will be concerning for many especially when a number of us expected to see a Northbound rise up to ex-divi day. This is perhaps not the best start to António Simões tenure here at LGEN. Still unsure of the readons for this downward trend?

While the SP continues to drop this morning, we can draw comfort by the fact it always recovers. It just takes time. History, at least, has taught us this lesson. Ònwards & upwards then, or maybe downwards for now.

I hope so Rats. My concern is that we're about to enter the period when equities traditionally tend to re-evaluate downwards. Mid Feb to End of April before bouncing back during May time onwards. Naturally, I hope to see a break in tradition, but if it is the case, we could see further declines. This, and LGEN are starting to cause my portfolio to look poorly.

Profit taking maybe? Lots of selling going on it appears with circa £20m sold versus £5m bought.