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75p please roofer
Cheers
70p by Tues/wed, 75p after results on Friday
I’m not selling up yet. Have a good feeling the results will surprise to the upside. The BoD wouldn’t have bought £2.5m between them b4 the results if they weren’t going to be positive.
About 5% each from memory, then 5% ish from next year.
From later this year and into 2025 buy backs. Should push the share price higher
I complete agree
News overnight very encouraging. China stock markets well up. Sales of EV cars up 100% in April, our target market ie middle upper classes. Looks like we could bounce today.
It didn’t did it. Yields and oil on way down so think we’ll have a solid up day today
Nice little boost for the share price tomorrow to 70p (again, yawn)
Forgot to add growth from Africa could be huge
I thought the same, back two horses but then reminded myself why I’m invested here. BT is a worry with court case
£2.5m in recent director share purchases. Surely a positive update due this month.
Trough in share chart says we are around the bottom
Solid brand
Cash on way to pay down debts and buybacks
Https://www.bbc.co.uk/news/world-asia-china-68692375
Sorry with link
Won’t this help us? Savings and investments in our products, many won’t use cash of course
I can see where these crazy broker targets come from now. Is 5 years a long time to wait to more than double your money safely, I don’t think so
£15 in 5 years time will do me nicely thanks
Looking at the number of countries we are expanding in across three continents id say they are still in the early stages of a snowball, clearly long term growth stock
I wouldn’t be surprised to see turnover double over the next 5 years as Asia returns to 5-10% growth
Brand strength going to be key
This is a warren buffet classic but quality and hold for the long term
Reassuring £17.50 target price
In key news on UK stocks, Prudential PLC () announced solid Q1 2024 results, which were marred by the missing buyback news that was eagerly awaited by investors. The company’s new business profits grew by 11% (excluding economic impacts) in the first quarter to $810 million compared to the prior corresponding period. Despite this, shares fell by over 4% as of writing, leading the list of top fallers on the FTSE 100 index.
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Even though there was no news on the expected buyback by the company, management assured its ongoing commitment to enhancing shareholder returns. The company expects to provide further updates on its capital management plans before its , scheduled for August.
Prudential PLC specializes in life and health insurance and asset management, with a primary focus on the Asian and African markets.
Prudential PLC’s Q1 Triumph
Prudential’s APE (annual premium equivalent) sales increased by 7% to $1.625 billion. Despite some headwinds in regions like Vietnam and Indonesia, total APE sales have shown consistent sequential growth since the third quarter of 2023. This underscores strong product demand across Asia along with the company’s multi-channel distribution in different markets.
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Prudential emphasized its resilient performance despite comparison with the strong results in Q1 2023, following the reopening of the border between Hong Kong and the Chinese Mainland.
Jefferies analyst Philip Kett compared Prudential’s results to those of its Hong Kong-based competitor AIA Group (), which . AIA Group reported a remarkable 31% surge in the value of new business (VONB) at constant exchange rates, reaching a record quarterly high of $1.33 billion. AIA also announced an additional buyback of $2 billion, taking the total program to $12 billion.
Kett is optimistic about the company’s next update regarding its capital management plans. Kett has a Buy rating on Prudential stock with a price target of 1,750p, implying a growth potential of 150%.
Is Prudential a Good Share to Buy?
Over the last 12 months, PRU stock has lost 40% in trading. This is mainly attributed to the challenges faced by the UK insurance sector due to higher claim costs.
Moving forward, analysts remain bullish on PRU stock and have rated it a Strong Buy. According to TipRanks, has received Buy recommendations from all the 10 analysts covering it. The target is 1,368.76p, which implies a huge upside of 93% from the current trading level.
Just after the close
Somebody is confident
Target prices possibly to be cut tomorrow but likely to be way higher than todays closing price
https://markets.investorschronicle.co.uk/data/equities/tearsheet/forecasts?s=PRU:LSE
Fed decision tomorrow or this
https://www.express.co.uk/finance/personalfinance/1893657/Martin-Lewis-Three-Vodafone-EE-O2-mobile-warning/amp
Why it’s affecting us and not BT god only knows
It would be nice to see other brokers issuing targets like Barclays. Tomorrow morning I think? Surely will be way north of £7.05?
China getting back on its feet again, India fastest growing economy will hopefully boost the share price over the coming months and years ahead
Nice to see three upgrades today
Were the only bank down today, guess due to talk of politicians meddling and some profit taking from Friday
I suspect a nice climb through the day following Barc day 2 post results
We were being shorted 2.6% back in Feb 2023 and then peaked again around June. I wondered the cause was?