8:21 09/03/2017 Re: Excellent Results
"I have every confidence in the slaphead brainiac and his executive team since it seems to me almost inevitable that interest rates are poised to rise with a concomitant fall in the quantum of liabilities associated with that part of LGEN's biznay that is affected by these arcane matters" Ah LKH, glad to see you have come to my way of thinking, I knew you would get there. :D M
5:39 09/03/2017 Shore Capital: income attraction at L&G
Shore Capital: income attraction at L&G All routes are leading to cash generation and therefore dividends at Legal & General (LGEN), which remains an attractive income generator, says Shore Capital. Analyst Eamonn Flanagan reiterated his ?buy? recommendation on the stock following its full-year 2016 results. The stock was down 1.7%, or 4.4p, at 255.7p on Wednesday. He noted the group?s reiteration of its ?progressive dividend policy? and 7% increase declared in its results. ?L&G?s distribution footprint in the UK remains impressive, while its presence in the bulk annuity market offers huge scope for cash generation for many years to come,? he said. ?Legal & General Investment Management continues to rumble with total funds under management of #894 billion, while management remains focused on delivering cash and dividends for shareholders. The income attractions for this stock remain considerable.? He said its focus on ageing populations, globalisation of asset market, and bulk annuities would ?support further growth in the cash generation from the group, and hence dividends?. http://citywire.co.uk/money/the-expert-view-legal-and-general-foxtons-and-aggreko/a999034?re=45296&ea=293868&utm_source=BulkEmail_Money_Daily&utm_medium=BulkEmail_Money_Daily&utm_campaign=BulkEmail_Money_Daily#i=2
16:04 08/03/2017 Re: Excellent Results
Games, "Would you be happy to loan some of your wad to LGEN at a rate lower than 5.4%?" No, I wouldn't, m8. But that's only because I'm not into bond-like investments (other than the linkers LOL). I like to take a walk on the wild side with equity investments ... and my LGEN shares give me a prospective yield of [taps numbers into calculator] 5.76%, with every prospect of future growth ... albeit with a certain amount of risk as well. Why would I take less than 5.4% nominal when I can 5.76% real, eh? You must think I have manure for my brain. I have every confidence in the slaphead brainiac and his executive team since it seems to me almost inevitable that interest rates are poised to rise with a concomitant fall in the quantum of liabilities associated with that part of LGEN's biznay that is affected by these arcane matters. LKH on the flybridge
14:39 08/03/2017 fortune favours the brave
I bravely bought 35k of these post brexit and now am over 30% up and based on buying price have a yield nudging 9%. I too am staying here long term.
13:45 08/03/2017 Re: Excellent Results
"The only thing that ever so slightly surprised me was that the cost of debt rose slightly to 5.4%." LK - perhaps it reflects the risk of carrying all the pension liabilities that LGEN is buying into and loading onto the books down the line? Would you be happy to loan some of your wad to LGEN at a rate lower than 5.4%? Games - Jam today perhaps - risk tomorrow, well maybe - possibly the financiers are pricing that in to the system?
11:56 08/03/2017 NEW ARTICLE: L&G still 'materially undervalued'
"In the chaos that followed the Brexit vote, it would have been a brave investor that argued in favour of the financial services sector. Eight months on, the performance of LSE:LGEN:Legal & General makes for an interesting case study.Shares in the ..." http://www.iii.co.uk/node/395945
11:17 08/03/2017 Re: strange
as some time ago john humphreys on radio 4 am news would laughingly announce yet another company reporting improved profits with a corresponding drop in share price and pondered why? the business editor's explanation was that speculators had been buying in anticipation of even more (oliver ya greedy little git) and would now be selling out to move their bets on not my philosophy, i hope to buy hold long term for income and growth rather than ephemoral bets nice divi to keep me in gruel in the meantime
10:44 08/03/2017 Re: strange
Fitcontroller, "excellent results but SP down. hhmmmm" I blame mysen. It was that Bonanza theme tune clip wot done it. It was ever thus. Sorry, chaps. LKH on the flybridge
9:42 08/03/2017 strange
excellent results but SP down. hhmmmm
9:18 08/03/2017 LGEN - Touched 12 month high
Maybe broker targets of 2.75 - 2.82 range can be tested. http://uk.advfn.com/p.php?pid=chartscreenshot&u=ACSDVH%2FqWusexrJaPK151ERN5iZfVn2lbjPtOu69zIc%3D&kslash=s 08 Mar 17 Shore Capital Buy 251.35 - - Reiterates 22 Feb 17 JP Morgan Cazenove Underweight 251.35 197.00 197.00 Reiterates 06 Feb 17 Barclays Capital Overweight 251.35 276.00 282.00 Reiterates 02 Feb 17 HSBC Buy 251.35 275.00 275.00 Reiterates
8:48 08/03/2017 info for fellow LGENers
21 Sep 2017 Payment of interim dividend for 2017 (to members registered on 18 August 2017) 17 Aug 2017 Ex-dividend date (interim dividend) 9 Aug 2017 Half Year Results 2017 8 Jun 2017 Payment of final dividend for 2016 (to members registered on 28 April 2017) 25 May 2017 Annual General Meeting 27 Apr 2017 Ex-dividend date (Final dividend
8:44 08/03/2017 Re: Excellent Results
Sound, "You still holding LKH ?" Yeah, I'm still in, with 5.3% of the shrunken wad, putting LGEN at Number 6 in the Top of the Pops. I agree, these were absolutely first rate results by any standards. Gosh, they do drone on innit though? By the time I got to part 3 of the RNS I was like "Talk to the hand, 'cos the head ain't listening". Fingers crossed there wasn't some terd in the waterpipe buried in the small print. The only thing that ever so slightly surprised me was that the cost of debt rose slightly to 5.4%. Blimey, that's more than the cost of a mortgage. Can't the slaphead brainiac chairman get his Treasury chums to give LGEN a better rate than 5.4% ffs? But I am being churlish. Well done, LGEN! http://www.youtube.com/watch?v=yRzkFKLrrR8 LKH on the flybridge, at anchor, Bahia Naufragio
8:12 08/03/2017 Re: Excellent Results
Excellent CL
7:57 08/03/2017 Excellent Results
All numbers good, Return on equity 20%. Importantly the Retirement Division was the star performer. This was where the market had concerns. Clearly L & G know there own business. Considerable room for catch up as under performed the market since Brexit. You still holding LKH ? M
11:20 05/03/2017 Todays Times- Business L&G
Todays business section - L&G tipped to unveil a 13% boost in profits approx #1.6bn and a dividend inc to 14.2p a 6% increase on last year. (Aviva set to report 8% inc profits and divi 15% inc to 23p per share). p2 Business the Times CL