12:26 07/03/2015 Re: sell, then what?

"Still in FUM?"

Never been in FUM, m8. I just enjoy the craic on that board having had a long term interest in esoteric products such as FUM's.

This is solely (I hasten to add) as a result of discovering, during a week's training as a pump jockey in a petrol station in Birmingham, during my graduate training scheme, that the petrol station franchisee made more money selling rubber johnnies from a machine on the back of the gents' kharzi than I was receiving in salary at the time. Happy days.

LKH on the flybridge I knew I should have bought some Reckitts' shares

By LK Hyman
17:27 06/03/2015 Re: sell, then what?
Still in FUM? By relaxtwotribes
16:33 06/03/2015 Re: sell, then what?

"148,862 @ 33.59p"

Ah, of course, silly me! That comprehensively proves your purchase.

LKH on the flybridge By LK Hyman
16:26 06/03/2015 Re: sell, then what?
148,862 @ 33.59p By relaxtwotribes
16:05 06/03/2015 Re: sell, then what?

" I watched the sp slump to the low 30s and bought in"

No, I didn't buy then either.

LKH on the flybridge but RAC did By LK Hyman
15:05 06/03/2015 Re: consolidation
Very sorry folks - wrong company (Standard Life) By tejo
12:38 06/03/2015 Re: consolidation
Ditto that question mark. By percentagegain
10:58 06/03/2015 Re: consolidation
? By relaxtwotribes
10:46 06/03/2015 consolidation
We are all going to receive a lot of money shortly but, presumably, if we wish to retain the existing level of investment in L and G we need to reinvest the money in L and G shares. Not clear what the net benefit is to shareholders when they already own the money ostensibly being returned to them? By tejo
9:15 06/03/2015 Re: sell, then what?
Ditto, having had LGEN on my wishlist for a number of years I watched the sp slump to the low 30s and bought in on the basis that management was good, the share was looking oversold (as financial shares often do in times of financial crisis) and recovery in the economy was about a year away.
Also, one of my best investments (MTVW qualifies too) and happy to hold. By relaxtwotribes
7:49 05/03/2015 Beaufort's view
Legal & General Group (LGEN.L, 270.30p) - Hold

Legal & General Group reported its preliminary results for the year ended 31st December 2014. Revenues advanced 31% to £51.52bn, boosted by the group's strong investment returns and higher net earned premiums. However, with higher net claims and change in insurance liabilities, expenses rose at a slightly faster pace, up 32% to £50.1bn. Pre-tax profit was up 8% to £1.24bn, supported by solid operating profit growth across Retirement, Capital and Investment Management divisions. Operating profit for Legal & General’s Retirement division increased 38% to £428m, while that of its Capital division rose 13% to £203m. Besides, Investment Management and Assurance Society businesses also recorded higher operating profits of £336m and £460m, respectively. However, the American life insurance division fared poorly, with operating profit down 39% to £56m. The year saw 28% increase in annuity assets to £44.2bn, while insurance premiums went up 8% to £3.0bn. Meanwhile, Savings assets grew 10% to £124.2bn, and assets for the Investment Management division expanded 16% to £708.5bn. The group plans to cut management expenses and operating costs by £80m in the current year, for which restructuring costs of £40m is planned to be undertaken. The group’s full year dividend grew 21% to 11.25p per share.

Our view: Despite significant pension deals adding to annuity sales, Legal & General’s full-year profits have come below analysts’ expectations. The group has a solid presence in the bulk annuity market, but witnessed a poor show of individual annuity sales owing to regulatory changes, which are expected to decline further in the current year. On the positive side, the group’s ongoing efforts towards cost reduction have enabled it to deliver better efficiency. Division-wise, Retirement and Capital continue to aid in improving the group’s overall operating profit levels. The performance of individual annuity segment and anticipation of further regulatory headwinds remain a cause of concern. We assign a Hold rating to the stock


04 Mar 15 JP Morgan Cazenove Underweight 272.75 - - Reiterates
04 Mar 15 Panmure Gordon Buy 272.75 305.00 305.00 Reiterates By IOMINVESTCOM
6:31 05/03/2015 Shore Capital still keen on Legal & General
Shore Capital still keen on Legal & General
Shares in Legal & General (LGEN) fell yesterday as the insurer’s profits fell below analyst expectations, but Shore Capital isn’t fazed.

Analyst Eamonn Flanagan had been forecasting lower profits than his peers, and the 10% increase to £1.3 billion was broadly in line with his expectations.

‘Legals reported a strong set of 2014 results with the key cash metrics better than we and the market had expected, the… profits broadly in line with our forecasts but lower than the market had anticipated, a dividend in line and a [net asset value] c.12p ahead of what we were looking for,’ he said.

‘The outlook statement is, as before, pretty punchy, with the group clearly well positioned in our view to the moving trends across savings, protection, annuities and investment management across both the UK and US.’

Flanagan kept his ‘buy’ rating on the shares, which fell 2.8% to 270.3p yesterday. By IOMINVESTCOM
22:53 04/03/2015 Re: Finals Today
Very encouraging numbers from LGEN today.

And many thanks to the market for letting me top up my holding today for less than it would have cost me yesterday.

I love it when that happens. By percentagegain
19:38 04/03/2015 Re: Finals Today
Thanks all

Must admit I thought overall a very positive set of results. Still my biggest holding and continuing to build.

CL By Chicken Lips
17:49 04/03/2015 final results
I like a 21% payrise so thanks L&G.
Share price will rebound and move steadily upwards IMHO
What's not to like about L&G !!! By lord dalglish