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LGEN, RSA, sell the news. 5% of the country forecast to be under water by end of week (LGEN)     

tobyboy - 26 Jun 2007 11:49

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?

mitzy - 13 Feb 2009 18:16 - 18 of 204

I agree Harry its in big trouble the pension side must be in complete disaray.

halifax - 13 Feb 2009 18:20 - 19 of 204

mitzy you mean this legitimate "ponzi" scheme hasn't enough money coming in to pay their pension payment liabilities?

mitzy - 13 Feb 2009 18:27 - 20 of 204

Well now you mention it halifax it certainly looks that way.

maggiebt4 - 13 Feb 2009 18:42 - 21 of 204

Talk that Legal & General will soon hit the rights-issue trail refuses to go away. The shares were among the biggest fallers in the FTSE 100, losing 5.2p at 49.5p. City speculators say there is no smoke without fire......"This is Money"

mitzy - 16 Feb 2009 08:36 - 22 of 204

This is going down faster than Lloyds.

mitzy - 16 Feb 2009 08:44 - 23 of 204

Incredible down 25% in 45 mins looks like I will get my 30p sooner than I had thought.

HARRYCAT - 16 Feb 2009 09:00 - 24 of 204

From what I have read over the weekend, I gather that this drop is due to the ongoing discussions with the FSA over the amount of money LGEN needs to put to one side as provision for defaults in it's bond portfolio. There seem to be worries over LGEN reserves, which are going to have to increase by up to 2bn if the FSA have their way.
Preliminary results out in march, so will watch this one for a while rather than dip in now.

mitzy - 16 Feb 2009 18:18 - 25 of 204

Its all hyperthetical Harry and undermining LGEN's financial position no doubt the FSA know best.

http://www.thisismoney.co.uk/investing-and-markets/tips-and-tactics/article.html?in_article_id=475909&in_page_id=23&ct=5

bhunt1910 - 17 Feb 2009 08:49 - 26 of 204

Not a problem

mitzy - 18 Feb 2009 09:57 - 27 of 204

Down 10% and down 60% since September I'm sorry for all the lt holders out there its being shorted by Crispen and friends.

blackdown - 18 Feb 2009 10:06 - 28 of 204

Sensible thing is to stay put if you are a holder.

mitzy - 18 Feb 2009 10:22 - 29 of 204

Chart.aspx?Provider=EODIntra&Code=LGEN&S

bhunt1910 - 18 Feb 2009 14:06 - 30 of 204

This might just recover today !!

maggiebt4 - 18 Feb 2009 14:42 - 31 of 204

It's trying hard, fingers and everything else crossed!

mitzy - 18 Feb 2009 16:27 - 32 of 204

Its no good trying its determined to fall sub 40p despite peoples thoughts.

mitzy - 19 Feb 2009 09:36 - 33 of 204

Still it continues.

mitzy - 19 Feb 2009 11:17 - 34 of 204

Its a sad day when LGEN goes bankrupt...my target is 16p.

2517GEORGE - 19 Feb 2009 11:28 - 35 of 204

That's a contradiction in itself mitzy.
2517

mitzy - 19 Feb 2009 11:33 - 36 of 204

I thought the same George but at 16p they would be technically bankrupt.

maggiebt4 - 19 Feb 2009 11:34 - 37 of 204

What do you base that on Mitzy?
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