soi
07 Mar 2018
Results highlights HiLooks ( very ) good at a quick scan. :" OPERATING PROFIT up 32% to GBP2,055M (2016: GBP1,562m) -- Profit Before tax(3) UP 32% to GBP2,090m (2016: GBP1,582m) -- Profit after tax UP 50% to GBP1,902m (2016: GBP1,265m) -- Full year dividend up 7% to 15.35p per share (2016: 14.35p) -- 2017 results include mortality release(4) of GBP332m -- OPERATING PROFIT from continuing operations(5) excluding mortality release up 12% to GBP1,616M (2016: GBP1,447m) -- Net release from continuing operations(5) up 9% to GBP1,352m (2016: GBP1,242m) -- One-off US TAX benefit(6) of GBP246m -- SOLVENCY II COVERAGE RATIO(7) OF 189% (2016: 171%) -- Solvency II Net SURPLUS Generation of GBP1.2BN (2016: GBP1.1BN) business highlights: -- PRT(8) and individual Annuity new business of GBP4.6bn (2016: GBP4.1bn) -- lifetime mortgage advances of GBP1.0bn (2016: GBP0.6BN) -- lgim external net flows UP 49% AT GBP43.5BN (2016: GBP29.2bn) -- LGIM AUM UP 10% AT GBP983.3BN (2016: GBP894.2BN) -- GROUP-WIDE DIRECT INVESTMENT UP 44% AT GBP14.4BN (2016: GBP10.0bn) -- lgi gross premiums UP 5% to GBP2.5bn (2016: GBP2.4bn) ......"ATBsoi
Warren Buffoon
07 Mar 2018
Re: QUIET BOARD Pitass ..... As a seventy year who has been investing for nearly fifty years, I've now moved some of my capital into Merchants Trust, (as well as the long term chunk in L&G). May be worth a look ???
frog in a tree
06 Mar 2018
Re: Doubled up quietly Yes, it has been quiet on this board of late. With results tomorrow it should get busier but I won't expect a frenzy!Like you Marktime, I am hopeful of a gentle increase in the divi to 11p or a little over.Keep the faith,F
pitass
06 Mar 2018
As an add on to the message, peddlar asks why no press comment I was always told good news doesnt sell papers
pitass
06 Mar 2018
QUIET BOARD The reason for it being quiet is I believe that this company is a very solid company and its business model is very sound. A question of if its not broke dont mend it. I have been adding this to my folio on a regular basis,and together with Lloyds bank look upon this share as the nearest you can get to secure income on the whole exchange In fact lgen lloyds rdsb and csn make up the backbone of my folio as at my age I look for nourishment not punishment. Can anyone suggest a safer haven for thier capital in these uncertain times
frog in a tree
06 Mar 2018
Re: Doubled up quietly Yes, it has been quiet on this board of late. With results tomorrow it should get busier but I won't expect a frenzy!Like you Marktime, I am hopeful of a gentle increase in the divi to 11p or a little over.Keep the faith,F
hairyhelmet
06 Mar 2018
Re: Very quite board... I am always amazed how quiet this share is given its size and popularity. I have held LGEN for many years and it has performed well. I like its operating model and market position butI do fear that the nature of its business can make it difficult to understand and comment on. That said here`s hoping for a great set of results tomorrow, even though I won`t understand them.
peddlar
06 Mar 2018
Very quite board... Results should be good tomorrow,this is supposed to be their most profitable year so far...But no comments from any press.Not sure why?
GazL
02 Mar 2018
Re: Risk Taking My first post on these boards for many years and see I am replying to the last post from LKH. For those who didn't know him, look up his history. LKH was a legend on these boards and I was looking forward to following up on his latest doings. If you are still here, hello; if not, farewell.
marktime1231
02 Mar 2018
Doubled up The CEO told us to expect record profits in December since when we have back-pedalled from where it should be at 275p. Hoping for 11p+ dividend to be announced next week.Whatever else is going on in the world there is no reason for LGEN to be trading down in the 250's with a forward p/e of only 10.
IOMINVESTCOM
29 Dec 2017
Re: Hargreaves Lansdown [link]
charlus
28 Dec 2017
Hargreaves Lansdown December issue of HL's Investment Times picks L&G as one of their 5 shares for 2018, highlighting a "sizeable dividend today and future growth".Happy with that.Cheers and a Happy New Year !Chozza
IOMINVESTCOM
19 Dec 2017
Offering growth and dividends Legal & General offering growth and dividendsInsurer Legal & General (LGEN) is offering ‘future growth’ alongside its ‘sizeable’ dividend thanks to the UK’s ageing population and need for pensions, says Hargreaves Lansdown.Analyst Nicholas Hyett said the insurer, which provides life insurance and retirement services to over 10 million people, was offering ‘a sizeable dividend and future growth’.‘An ageing population has driven growth, but Legal & General has impressed us by latching on to wider trends,’ he said. ‘It was an early entrant into low-cost tracker funds, and now manages £331.5 billion of index trackers. Companies are now required by law to provide pension schemes, and simple, low-cost funds are popular.‘L&G already has 2.2 million personal pension customers, and employer and employee contributions are set to rise.’Hyett added there was also a £2 trillion opportunity in final salary pensions that need to be bought out.‘All this is set to drive growth. Recurring revenues should make profits fairly predictable, helping to underpin the dividend. The prospective yield is 6%,’ he said.The shares added 2.3p to 270.5p yesterday.[link]
sound money
08 Dec 2017
Re: Pleasantly Confused Got it in one.M
charlus
07 Dec 2017
Re: Pleasantly Confused It seems, at the moment that you have it hit it far, far, far out of the park to provoke a positive SP move. Aviva produced a fantastic set of results and promised to give cash back to shareholders and got barely an upward blip for their trouble.There is a palpable Brexit gloom at present and everyone esp the City wants to see something positive from the politicos that just ain't forthcoming at the moment.For one I am positive on L&G and believe good things are happening in their business. Happy to hold and maybe add if funds become available.GLA.Cheers,Chozza
