skinny
- 19 Nov 2014 09:57
- 73 of 108
Chart looking good GF.
Exane BNP Paribas Underperform 1,512.25 1,176.00 1,176.00 Retains
cynic
- 19 Nov 2014 10:17
- 75 of 108
an interesting call indeed ..... sp has already risen about £2 in the last 3 months
goldfinger
- 19 Nov 2014 10:28
- 76 of 108
Yep Cyners and broker targets have it heading higher, just look at that chart.
skinny
- 19 Nov 2014 10:39
- 77 of 108
Have a look at NG - similar - ex dividend tomorrow though.
cynic
- 19 Nov 2014 10:56
- 78 of 108
i concur; the chart's terrific - see a slightly easier one to read on post 61
however, i don't really want to throw more money into the market at the moment, so not sure that i want to dump anything to buy here
goldfinger
- 19 Nov 2014 11:49
- 79 of 108
19 Nov 2014 Prudential PLC PRU Societe Generale Buy 1,505.75 1,491.00 1,530.00 1,530.00 Reiterates
goldfinger
- 19 Nov 2014 13:06
- 80 of 108
PRU
Commentating on yesterdays Results:
Shore Capital analyst Eamonn Flanagan said:
Prudential’s excellent performance in the first nine months of 2014, with both new business volumes and profits ahead of our expectations and towards the top end of market forecasts, was delivered in the face of significant foreign exchange headwinds and turmoil within Indonesia, one of its key ‘sweet spot’ territories in Asia. The underlying figures at constant forex, growth of 17% in new business profits and 14% in volume, bears testimony to the strength of Prudential’s strategic positioning in the key Asian, US and UK markets, the depth of its franchise across the globe and the continued focus on capital efficiency and profitability over volume. This, in turn, should translate into excellent delivery of IFRS [international financial reporting standards] profits and cash, with investors ultimately benefiting via dividend flows.
Bernstein Research said:
Prudential reported a solid set of numbers at the third quarter, beating consensus, and in line with our estimates. Shorter-term macroeconomic challenges, and Asian currency weakness remains, but underlying earnings progress remains solid. We retain our outperform rating on Prudential [with a price target of] 1650p
goldfinger
- 20 Nov 2014 02:04
- 81 of 108
From The Motley Fool today........
Aviva plc, Legal & General Group Plc And Prudential plc Have Completely Thrashed This Market
By Harvey Jones - Wednesday, 19 November, 2014
When I did a portfolio spring clean earlier this year there were two stocks I didn’t even consider dumping: insurance giants Aviva (LSE: AV) and Prudential (LSE: PRU).
I’m glad I held onto them, because both have thrashed the wider stock market, as has the other big name in the life sector, Legal & General Group (LSE: LGEN).
How To Crush The Market
While the FTSE 100 has stagnated over the last 12 months, Aviva is up 25%, L&G is up 16% and the Pru is up 18%.
That’s tremendous performance in what should have been a difficult period, given market stagnation, and Chancellor George Osborne’s radical pensions overhaul, which instantly halved annuity sales.
Pru’s Aim Is True
Pru has smashed analyst expectations again, with double-digit growth year-to-date in both new business profits and annual premiums across its three life businesses in the UK, US and Asia.
Its asset management business also saw net inflows of £9.6bn, including strong performance in the UK.
The Pru share price is up 150% over the last three years, and although its 2.23% dividend yield disappoints, there is plenty of scope for progression on that front.
A Legal Matter
L&G also has momentum on its side, its share price up 136% over three years. Q3 results showed impressive growth in revenues, operating profits, customers and net cash, and a continuing strong return on equity.
Individual annuity sales fell 60%, but the bulk annuity market is more than compensating, while its investment management business saw total assets increase by £82bn to £676bn.
Its 3.8% yield trumps both Prudential and the FTSE 100 average of 3.5%.
Viva Aviva
Aviva is playing catch up with its runaway rivals, but I bought it as a recovery play, and it is steadily getting there. Its net asset value is up 10% year-to-date, new business is up 15% by value and its general insurance combined ratio has improved to 95.9%.
Aviva may lack Prudential’s exposure to fast-growing Asian markets, but its tighter focus on the UK and Europe has served it well. Although its 2.8% yield hardly thrills.
Reassuringly Expensive
All three insurers benefit from low interest rates (which force savers to consider more dynamic alternatives), ageing Western and Asian populations, and the push to encourage private pension provision.
Success comes at a price, however. All three look expensive right now, with L&G and the Pru trading at around 16 times earnings, and Aviva at 24 times.
Given their breakneck growth, that may be a price worth paying.
goldfinger
- 27 Nov 2014 09:03
- 82 of 108
27 Nov 2014 Prudential PLC PRU Barclays Capital Overweight 1,519.50 1,519.00 - 1,787.00 Reiterates
SP Target 1787p
Stan
- 06 Feb 2015 15:10
- 83 of 108
Stan
- 06 Feb 2015 17:38
- 84 of 108
Oi fish face, stick a chart in header will ya'.
cynic
- 06 Feb 2015 19:57
- 85 of 108
moi?
ok will do when i get a mo .... obviously didn't know how to when i started the thread
what periods would you like?
Stan
- 06 Feb 2015 20:27
- 86 of 108
Over a year please.
Ed; I thank you.
cynic
- 06 Feb 2015 20:34
- 87 of 108
chuckle .... you also have over 5 years
confess i haven't followed PRU for many a moon
Stan
- 06 Feb 2015 20:42
- 88 of 108
No nor me, but I like to keep and eye on them as they seem solid, as solid as any company can be these days that is.
skinny
- 10 Mar 2015 06:53
- 89 of 108
skinny
- 10 Mar 2015 07:07
- 90 of 108
Prudential plc - FY14 Results - Business Review
PRUDENTIAL CONTINUES TO DELIVER STRONG GROWTH IN A CHALLENGING ENVIRONMENT AND REBASES DIVIDEND UPWARDS
Group Performance Highlights (on constant exchange rate basis):
· IFRS operating profit of £3,186 million, up 14 per cent1
· EEV new business profit2 of £2,126 million, up 10 per cent1
· Underlying free surplus generation3 (after investment in new business) of £2,579 million, up 9 per cent1
· Net cash remittances from business units up 11 per cent to £1,482 million
Business Units Performance Highlights (on constant exchange rate basis):
· Asia life and asset management IFRS operating profit of £1,140 million, up 17 per cent1
· Jackson life IFRS operating profit of £1,431 million, up 21 per cent1
· UK life IFRS operating profit of £752 million, up 7 per cent
· M&G IFRS operating profit of £446 million, up 13 per cent
Capital & Dividend:
· IFRS shareholders' funds of £11.8 billion, up 22 per cent4
· EEV shareholders' funds of £29.2 billion, up 17 per cent4, equivalent to 1,136 pence per share
· Insurance Groups Directive (IGD) capital surplus5 estimated at £4.7 billion; solvency requirements covered 2.4 times
· 2014 full year dividend increased by 10 per cent to 36.93 pence per share
kernow
- 10 Mar 2015 09:00
- 91 of 108
I'll never understand this game as long as I have a hole in my backside. Great results and price drops initially. Why would anyone rush for the exit? Management uncertainty perhaps.
Stan
- 21 Oct 2015 15:30
- 92 of 108
Pru UK and Europe CEO leaves
StockMarketWire.com
Prudential UK & Europe chief executive Jackie Hunt has left with immediate effect with group investment director John Foley appointed as her interim successor.
Foley will fill the role alongside his current duties until a permanent successor is announced in due course.
Group CEO Mike Wells said: "I would like to thank Jackie for the contribution she has made during a period of radical change in the UK marketplace. She leaves our UK life business in a strong position to continue to meet our customers' long-term savings and retirement needs while delivering valuable returns for our shareholders.
"I am also delighted that we have someone with the experience and expertise of John Foley to take the business forward until a permanent successor is appointed."
Chairman Paul Manduca said: "Jackie has been an important asset to the Group during her time at Prudential, navigating our UK business through a time of significant change. The business is in good shape, and on behalf of the Board I would like to wish her well for the future."
At 2:39pm: (LON:PRU) Prudential PLC share price was -10.5p at 1499p
Wonder why she went with "immediate effect"?