Member Info for Thrugelmir

The published annual accounts provide a little more commentary depth to the RNS. Still remains a fundamentally sound business. Will continue to spin off cash.

@Malafuster - platforms in general are having to rethink their business models. Some 42 are being targetted by the FCA for one reason or another. Even Vanguard was double dipping by charging a fee on cash balances while not offering interest. The last RNS suggests Jarvis are changing their business model. Cost of upgrading software, as one example, may outweigh any commercial benefits. Jarvis only charged a lowly fixed fee on their SIPP. Interest on cash balances offset the administrative costs of the product.

Results held no great surprises. Anyone been buying the stock today?

Seems as if Jarvis are moving away from the consumer market and focussing on the Corporate. The consumer market is going to be dominated ultimately by a handfull of suppliers. Be a pain to move my SIPP. Though have enjoyed many years of it being fee free. So can hardly complain.

But we need to import in order to export. Improving balance of trade requires a stronger £. For that we need interest rates higher than the US. No free lunches.

Now is not the time to catch a falling knife. Going to take a few months until the dust settles (globally).

You obviously aren't following global events close enough. Fed is setting the pace. Interest rates are going to rise considerably yet. Normality is returning.

Potential liberalisation of insurance company reserves and a BOE base rate heading towards 4%. Augers well at the current time.

Then you may well be trading above your risk profile

Already difting upwards. Is an increase of 75bps in the base rate on the cards?

And the relevance to the L&G share price currenty is?

Share prices go up and share prices go down. Sometimes trade in a narrow band for an extended period of time. That's the nature of markets

Dividends may reduce the offer price

".....To my mind, there’s a lot of pushing/promoting of L&G, going on at present."
=================================================================
I have noticed that too. The Motley Fool especially....but being recommended by 'the Fool' isn't exactly a recommendation!!
Yesterdays "Jefferies raises Legal & General price target to 335 (310) pence" seemed a little odd. Anyone buying LGEN yesterday morning at circa 287 on the Jefferies target would be a little annoyed.....they have secured the 5.44p dividend but the SP has currently fallen quite a bit more than that (as some predicted it would).
I am sure the SP will get back to circa 287p.....but don't know exactly when (unfortunately).
But I suppose analysts have their reasons for raising their targets when they do.

====================================================================

Market makers read the same information albeit ahead of you. Time to react is when the dust has settled. More often or not several days later the share price will drift lower.

Limit order to sell 290p......for some reason it didn't work....can't think why....was I being greedy!

================================================================================

Takes two parties to trade. Setting limit orders for 1 day is extremely limiting.

Market forces determine SP's. Whether there's more buyers than sellers (and vica versa) on any given day. Only takes one seller to offload a sizable line of stock and the price can soon move sharply downwards.

LGEN has many strings to it's bow. All seem to be operating well. Good to see a boring defensive stock continue to churn out real returns for it's shareholders. Might not be as exciting as growth stocks but a business that's going to be around for a very long time.

Been a major play of mine over recent months. Buying in on price weakness. Currently holding around 23,600 shares . Expecting a decent uplift in the dividend.

4% is the on the very low side if you are close to SRA. Best thing to do is get some quotes of the options available to you personally. Annuities should be part of everyone's thinking given the low yields on fixed interest securities.

What's the relative % changes once dividends are taken into account? Likewise if dividends had been reinvested.