if you 'buy the rumor and sell the news, is all this rain a rumor?
these two shares are stuck between interims maybe worth a quick .10p short?

more rain forecast, or don't they pay out claims anymore?

Canaccord Genuity Hold 200.50 200.70 180.00 215.00 Reiterates

Post tech boom high @207.50p.

And again @210.90p

New high @218.10p

Trading Statement tomorrow.

Q3 IMS - Part 1

Q3 IMS - Part 2

NET CASH UP 20%. STRONG PERFORMANCE ACROSS ALL DIVISIONS.

GROUP HIGHLIGHTS:

• OPERATIONAL CASH GENERATION Q3 YTD UP 11% TO £780M (Q3 2012: £702M)
• NET CASH GENERATION Q3 YTD UP 20% TO £740M (Q3 2012: £616M)

BUSINESS HIGHLIGHTS:

LEGAL & GENERAL INVESTMENT MANAGEMENT (LGIM)

• Q3 GROSS INFLOWS UP 71% TO £15.4BN (Q3 2012: £9.0BN)
YTD GROSS INFLOWS UP 65% TO £42.1BN (Q3 YTD 2012: £25.5BN)

• TOTAL AUM UP TO £443BN (H1 2013: £433BN)
INTERNATIONAL AUM UP TO £57BN (H1 2013: £52BN)

LEGAL & GENERAL RETIREMENT (LGR)
· Q3 ANNUITY PREMIUMS UP 199% TO £2.3BN (Q3 2012: £0.8BN)

· YTD ANNUITY PREMIUMS UP 174% TO £3.7BN (Q3 YTD 2012: £1.3BN)

LEGAL & GENERAL ASSURANCE SOCIETY (LGAS)
· RETAIL PROTECTION Q3 SALES UP 11% TO £40M (Q3 2012: £36M)

· COFUNDS AUA INCREASED TO £58BN (H1 2013: £54BN)

LEGAL & GENERAL AMERICA (LGA)
· US PROTECTION Q3 SALES UP 13% TO $43M (Q3 2012: $38M)

LEGAL & GENERAL CAPITAL (LGC)
· DIRECT INVESTMENTS INCREASED TO £2.1BN (H1 2013: £1.7BN)

Buy 213.10 213.10 225.00 255.00 Retains

New high @230.60p

Credit Suisse Neutral 231.70 175.00 240.00 Retains

Bank of America Merrill Lynch Buy 238.80 239.70 - 250.00 Retains

LEGAL & GENERAL'S FIRST US INVESTMENT MANAGEMENT ACQUISITION - GLOBAL INDEX ADVISORS, INC.

Legal & General Group Plc ("Legal & General" or the "Group") has today agreed to acquire the business of Global Index Advisors, Inc ("GIA"), an Atlanta based investment advisor focused on target date funds ("TDF"). GIA is in the top 51 of target date providers in the US. The acquisition, by the Group's subsidiary Legal & General Investment Management America, Inc ("LGIMA"), for a maximum consideration of $50.4m, is expected to complete mid 2014, subject to Fund shareholder approval.

L&G Prelims 2013 - Part 1

L&G Prelims 2013 - Part 2


NET CASH UP 16% TO £1BN. DIVIDEND UP 22%.
NET CASH DIVIDEND COVER TOWARDS 1.5 IN TWO YEARS.

FINANCIAL HIGHLIGHTS - CONTINUED STRONG PERFORMANCE:

· NET CASH GENERATION UP 16% TO £1,002M (2012: £865M)
· OPERATIONAL CASH GENERATION UP 9% TO £1,042M (2012: £958M)
· OPERATING PROFIT UP 7% TO £1,158M (2012: £1,087M)
· PROFIT BEFORE TAX UP 10% TO £1,134M (2012: £1,033M)
· PROFIT AFTER TAX UP 12% TO £896M (2012: £798M)
· EARNINGS PER SHARE UP 10% TO 15.20P (2012: 13.84P)
· RETURN ON EQUITY 16.1% (2012: 15.4%)
· FULL YEAR DIVIDEND UP 22% TO 9.30P PER SHARE (2012: 7.65P PER SHARE)
· NET CASH DIVIDEND COVER TOWARDS 1.5 IN TWO YEARS

On the 200ma.

A couple of weekend articles :-

What does Budget pensions revolution mean for insurance stocks in the long run?

Life insurers urge regulator to intervene in pensions shake-up

Hmmm :- LEGAL & GENERAL WINS LARGEST EVER UK BULK ANNUITY CONTRACT: £3BN TRANSACTION FOR ICI PENSION FUND

LONDON, March 26 (Reuters) - British life and pensions group Legal & General LGEN.L expects the size of the UK market for individual annuities to shrink by around three-quarters after 2015 when retirees will no longer be forced to buy them. The forecast, delivered in a speech to an investor conference in London on Wednesday by L&G Chief Executive Nigel Wilson follows a radical shakeup of the pensions system announced by finance minister George Osborne. L&G expects the market to shrink from 11.9 billion pounds ($19.64 billion) currently, to around 2.8 billion pounds. The reforms, due to be implemented in April next year, effectively scrap a system forcing most retirees to swap their pension savings for an annuity that pays out an income for life, giving them a choice in how they want to invest their savings. Wilson said L&G expects retirees to take more of their savings in cash and rely more on their property as a source of retirement income. "We certainly expect to see more cash being taken out, either singly for small pots or across several years, and we expect to see more use of the housing asset as pots get depleted more quickly," he said.

Tempting to short..... only reason why I'm not is it would overexpose my portfolio right now.

Wash your mouth out! :-)

Hey ironically I also hold these as equities for the yield, bought years ago just after the crash for well under £1, my son also has some in his trust fund. That's a separate issue though to a potential short play, you must have considered it yourself as a hedge....

Yes I did last week - not so sure now though.

2hr chart above indicates there going down, we already know we're looking at a potential fall in earnings moving forward. They're only 10% of the 240p high, I'd expect these to fall to at least 192p.. There in my top 5 plays right now, just need that all telling reversal candel..