today's figures could not be described as exciting, yet the shares are now +20 at 650 after a low of 615 ..... back in april, aviva made an approach but terms could not be agreed ..... under SE rules, that meant no new approach could be made for 6 months (i assume that only applied to aviva) ...... for all that, if PRU's sp continues to thrive, why question?

Credit for this to 'Spreadbets.com' :
"The Bet: We recommend opening a buy bet in March Prudential (PRU) expiry March 17th at 20 a penny when the quote is standing at 258p - 260p. The target is 308p and the stop loss at 229p for a risk of 620 at our suggested wager.

The Fundamental View: We are opening a buy bet in Prudential off the back of the fears stalking the insurance sector that hefty rights issues are in the offing. This may very well be the case, but our view is that stocks like Prudential and Aviva - the latter of which we have recently been short of, have now fallen so far that even if there are cash calls these are probably in the price. This is an aggressive view on the bullish side and assumes that it is sickly Legal & General that is dragging its fellow sector members down. But at current levels one can have a stop loss below the November low of 233p and at least look for a dead cat bounce in the shares.

The Technical View: We are looking at a charting buy for Prudential on the basis that the stock will not make a new lower low versus November's 233p. Our stop loss is at 229p and the initial target is the initial February support of 308p. Above this suggests that the shares have made a near term floor has been made."

another disaster from the resident bighead that is Cynic!!! Even TMC which he claimed was as good as worthless is up 30% since I made a thread on it. Maybe he'd be better concentrating on his 'pretend' business! Some business it must be that he has that much time trying to knock those that are expert in making money on the markets, poor little loner that he is. Never mind Cynic, one day you may find a purpose in life, investing sadly does'nt seem your forte!

kb
on what basis do you consider this a disaster for cynic?
personally i find his views and comments to be most worthy of note, but thats just my opinion. hope this opinion of mine wont deter you from answering my question.
thanks and regards and look forward to your reply.
jkd

kb (aka "the raddled queen") is just sour and does not like the fact that i tell it as i see it ..... among her faves are TMC, which though it owns(??) some big nickel deposits is currently on its uppers - its own recent RNS admits as much - and TAIH which I have always regarded as a load of chinese snake oil - and so it does indeed seem to be.

and a mere aside ..... kb "made a thread on TMC" ..... where?????? ..... not on this site she didn't

for myself, i readily admit when i get it wrong, though quite how PRU can be deemed a disaster for me is entirely beyond my very limited comprehension.


but for your comments, jkd, i thank you

would be happy to know your holdings and the price you've paid btw. Even if i'd not sold any TMC i'd be 30% up btw?? You seem very interested in TMC btw!

kb
you seem to be floundering
are you going to answer my question or attempt to sidestep/ ignore it?
regards
jkd
ps i wrote it first then looked it up. seems a very appropriate word.

i don't hold PRU and have not done so for a long time

Certainly the Brokerage houses like the stock and it does look far too cheap..

Prudential PLC

FORECASTS 2008 2009

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

SG Securities [D]
12-03-09 BUY 21.57 18.91 44.45 20.80

Panmure Gordon
12-03-09 BUY 67.20 18.90 73.73 19.84

Oriel Securities
11-03-09 HOLD 18.30 18.30

Keefe Bruyette & Woods Ltd
09-03-09 OUTP -73.60 19.80 80.30 21.80

Charles Stanley
06-03-09 HOLD

ABN AMRO [D]
10-02-09 BUY 1,298.00 36.67 18.90 1,433.00 40.23 19.90

Shore Capital [D]
09-02-09 BUY 590.00 39.10 19.00 1,440.00 40.80 20.00

ING Financial Markets
14-11-08 BUY

Daiwa Europe Ltd
06-10-08 OUTP 2,799.00 78.60 18.90 3,326.00 93.50 19.85

2008 2009
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 2,799.00 67.20 18.90 3,326.00 77.13 19.84

1 Month Change 0.00 -3.19 0.00 0.00 0.01 0.00
3 Month Change 0.00 -11.21 0.00 0.00 -5.68 0.00

Notes to forecasts
D flag: Indicates forecasts calculated under IFRS rather than EEV


GROWTH
2007 (A) 2008 (E) 2009 (E)

Norm. EPS -22.34% 105.65% 14.78%
DPS 5.96% 8.50% 4.97%

INVESTMENT RATIOS
2007 (A) 2008 (E) 2009 (E)

Dividend Yield 6.76% 7.33% 7.70%

Dividend Cover 1.88x 3.56x 3.89x

PER 7.89x 3.84x 3.34x

PEG -0.35f 0.04f 0.23f

Net Asset Value PS 73.40p p p

From topspredbet site..


Open A BUY BET IN JUNE PRU..

I see the TA er as cottoned onto the channel opportunity I also spotted..

http://sharecrazy.com/beta/Tips/1593/open-a-buy-bet-in-june-prudential

IF the markets are going to stay strong for a little while, then i guess PRU is a reasonable finanial stock to back ..... i see that on 20/2 i suggested PRU might bounce ..... the performance thereafter was not frightfully impressive, but then nor were the markets ..... yesterday's close is pretty much at the same point, but you may want to take a look at the simplistic chart i posted on 20/2 where you will note the proximity of 25 dma, which might be a resistance.

by the way, the "sharecrazy" target is 310 which is spot on 50 dma

Yes interesting comments cyners.

Dont forget we have results this week aswell so we might have a run up to them.

have now taken a fairly modest stake ..... reckon it's a safer bet than PCI!

a few minutes later ....
and already very nicely in the money .... thanks digit!

Yep up nearlly 7% not bad for the kick off to the week.

Loads err money cyners, up nearlly 10%.

"you know it makes sense"

just banked a useful profit ..... figures were terrific, but shall not be on line again until late afternoon, so took the PRUdent line (groan!!)

this is silly ..... bravely bought back half of yesterday's quantity at a considerably higher price and currently show almost double the profit!

have PRUdently banked a thoroughly undeserved and very tasty profit at 342 ..... all market is feeling frothy and just soooooooo easy to get greedy

time to dig this one out again! ...... scrip issue announced today, so that will play havoc with the charts in due course ..... in the meantime, sp is (at last) challenging 200 dma, so with financial stocks now coming in from the frozen wasteland, this is well worth watching

decent chart on post 10

as always, broker's tips an invaluable aid in boosting sp!!!

HSBC raises Prudential Plc target price to 500P from 350P

quite a nice looking chart too