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?

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

larger scale chart showing support - one hopes - at recent high

1/2 year results due on thursday, so either just some profit-taking today, or someone knows more than we do .... both are distinct possibilities

well done cynic .... good call that one!
sp now toying with this minor resistance, but decided to cash in my very tasty profit (514) but shall continue to watch with a view to re-buying at some point

PRUDENTIAL PLC TO SEEK LISTING ON THE HONG KONG STOCK EXCHANGE
UPDATE ON COMBINATION WITH AIA



Further to the announcement on 1 March 2010, in relation to the combination of Prudential plc ("Prudential") and AIA Group Limited ("AIA"), Prudential today is pleased to announce that it is able to accelerate its plans for seeking a listing of its ordinary shares on the Hong Kong Stock Exchange. Prudential has made an application to the Hong Kong Stock Exchange for the listing of, and permission to deal in, its shares and it is now aiming to have the listing effective prior to launch of the rights issue announced on 1 March 2010.

Prudential puts its case for AIA takeover

Prudential will launch a charm offensive this week in an attempt to quell the nerves of its leading investors about its $35.5 billion agreed bid to buy AIA in Asia and pay for it with a $21 billion rights issue.

might be an interesting one to short if sp hits 200 dma at about 540, not least because the markets are starting to look a bit toppy to me