RE: Newbie12 Jun 2024 17:03
From HL;
There are a lot of strings to L&G's bow, with bulk annuities at its core and we see the market staying healthy over the medium-term. The next challenge is to deliver improved performance from the refreshed Asset Management division, which will carry some execution risk. Overall, the valuation doesn't look too demanding to us but reflects sentiment toward the sector right now, which is a little weak.
Pleased I bought more today - I am thinking the slightly under ambitious targets reflect the fact that the new ceo wants to out perform and shine. Once the market wakes up to that we will get 5-10% gain in sp imv.