LK Hyman
08 Mar 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
fitcontroller
08 Mar 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.
gamesinvestor
08 Mar 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?
II Editor
08 Mar 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 ..."[link]
asand
08 Mar 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 onnot my philosophy, i hope to buy hold long term for income and growth rather than ephemoral betsnice divi to keep me in gruel in the meantime
LK Hyman
08 Mar 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
fitcontroller
08 Mar 2017
strange excellent results but SP down. hhmmmm
IOMINVESTCOM
08 Mar 2017
LGEN - Touched 12 month high Maybe broker targets of 2.75 - 2.82 range can be tested.[link] Mar 17 Shore Capital Buy 251.35 - - Reiterates22 Feb 17 JP Morgan Cazenove Underweight 251.35 197.00 197.00 Reiterates06 Feb 17 Barclays Capital Overweight 251.35 276.00 282.00 Reiterates02 Feb 17 HSBC Buy 251.35 275.00 275.00 Reiterates
fitcontroller
08 Mar 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 20178 Jun 2017 Payment of final dividend for 2016 (to members registered on 28 April 2017)25 May 2017 Annual General Meeting27 Apr 2017 Ex-dividend date (Final dividend
LK Hyman
08 Mar 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? 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![link] on the flybridge, at anchor, Bahia Naufragio
Chicken Lips
08 Mar 2017
Re: Excellent Results Excellent
sound money
08 Mar 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
Chicken Lips
05 Mar 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 Tim
Chicken Lips
03 Mar 2017
Re: Recovering nicely Hopefully still away to go. Like you say still underperforming the ftse. Good figures should help.
Boring Bernie
03 Mar 2017
Recovering nicely At 253p we're at a twelve month high, still a fair way behind the all time high, and we've underperformed the FTSE100 over that period, but post-Brexit fears seem to have been put behind us now.The Finals are out next week, so I've probably just given the sp the kiss of death
