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?

Posted by Pro TAer Zak Mir.......

Zak Mir



Reged: 28/06/07
Posts: 1070
Re: Legal And General (lgen)
#454901 - 15/10/09 03:14 PM Edit Reply Quote



The only penny that has dropped here is the one regarding the way that a rising stock market drags insurers's shares higher. The technical target on LGEN is 120p early in the New Year.

cfo buys at 88p

Business Financial Newswire
"Insurer Legal & General said today it achieved its 2009 net cash target three months early.

461m net cash was generated in 9 months to end-September, ahead of the 450m net cash generation target for the full-year.

The group reported its 50m annualised cost reduction target for 2009 was achieved within 9 months.

Worldwide new business was down 7% to 1.058bn (2008: 1.137bn).

Investment management saw gross new funds of 24.3bn, while LGIM assets under management was 311bn, with net inflows of 12.2bn so far.

UK Risk new business APE was down 23% to 293m and non-profit annuity assets under management was 21bn, with net inflows of 0.7bn.

UK Savings new business APE was up 1% to 673m and savings assets under administration was 52bn, with net inflows of 1.4bn.

International new business was up 2% to 92m.

L&G had an estimated IGD surplus 2.5bn (coverage ratio 196%) at end-September. "

Final Results.

Legal & General delivers 1.1bn IFRS operating profit, Generates 699m net cash and increases final dividend by 33%

IFRS operating profit up 87% at 1,109m (2008: 592m)

Final dividend up by 33% to 2.73p per share

Net cash up 118% at 699m (2008: 320m)

International IFRS operating profit up 115% to 127m (2008: 59m)

Annual cost reduction of 69m VS 50m target

EEV operating profit up 51% at 1,319m (2008: 875m)

Worldwide EEV new business contribution up 10% to 328m (2008: 297m)

IGD surplus1 up by 1.3bn to 3.1bn (2008: 1.8bn)

Interim Management Statement.

Legal & General delivers STRONG GROWTH IN CASH GENERATION AND 25% INCREASE IN INTERIM DIVIDEND.


OPERATIONAL CASH GENERATION UP 19% to 498M (H1 2010: 417M)
NET CASH GENERATION UP 14% TO 427M (H1 2010: 373M)

INTERIM DIVIDEND UP 25% TO 1.66P PER SHARE (H1 2010: 1.33P PER SHARE)

WORLDWIDE SALES UP 4% TO 920M APE (H1 2010: 881M APE)

IFRS OPERATING PROFIT 523M (H1 2010: 542M),
IFRS PROFIT BEFORE TAX 473M (H1 2010: 537M)

EEV OPERATING PROFIT 12% HIGHER AT 662M (H1 2010: 589M)
EEV PER SHARE UP 5% TO 139P (31/12/2010: 132P)

IGD SURPLUS 4.0BN (31/12/2010) 3.7BN)

ANNUALISED IFRS RETURN ON EQUITY1 14.6% (2010: 18.6%)

This is starting to looking attractive yield wise - ex dividend on 7th September.

RNS Number : 6961O

Legal & General Group Plc

22 September 2011

Legal & general group plc

Legal & General Group Plc Board announces the planned retirement of Tim Breedon at the end of 2012

Legal & General Group Plc ("Legal & General" or "the Company") announces that Tim Breedon, Group Chief Executive of Legal & General has advised them of his intention to retire from the Company at the end of 2012.

Mr Breedon, previously, Group Director (Investments) and Deputy Group Chief Executive, was appointed to the position of Group Chief Executive on 1st January 2006. The Board will commence a process to appoint Tim's successor in due course.

Tim Breedon, Group Chief Executive, commented:

"It has been an absolute privilege to lead Legal & General, but by the end of 2012 I will have completed 25 years service with the Company and will have been CEO for 7 years. With the Company in excellent shape I feel that next year will be the right time to retire from the Company. By giving notice of this now, the Board will have ample time to plan and ensure an orderly succession."

John Stewart, Chairman of Legal & General, commented:

"Tim is and has been a first class CEO. The Company is in great shape and we are very appreciative of his excellent stewardship. I look forward to working with him in this next phase, building on this success, and in due course the appointment of his successor.

3rd Quarter Results.

Operational cash: up 17% TO GBP736M (Q3 YTD 2010: GBP628M)

Net cash: up 15% TO GBP631M (Q3 YTD 2010: GBP549M)

lgim ASSETS: GBP347bn (q3 YTD 2010: GBP342bn)

WORLDWIDE SALES: GBP1,338M (Q3 YTD 2010: GBP1,347M)

GBP1.1BN BULK ANNUITIES DEAL COMPLETED DURING Q4

i am going sell and buy more RSA better div and its in march then i can buy these back after 6th march and get the div in these .

my view is that i will buy these back at the same sp as today

I'm 10p up on these and will continue to hold for now.

Preliminary Results.

LEGAL & GENERAL DELIVERS STRONG RESULTS, DIVIDEND UP 35%

· FULL YEAR DIVIDEND UP 35% TO 6.40P PER SHARE (2010: 4.75P PER SHARE)

· OPERATIONAL cash generation UP 12% TO £940M (2010: £840M)
NET CASH GENERATION UP 11% TO £846M (2010: £760M)
· WORLDWIDE SALES UP 7% TO £1.9BN APE (2010: £1.8BN APE)

· OPERATING PROFIT £1,056M (2010: £1,002M)
IFRS PROFIT BEFORE TAX £956M (2010: £1,092M)

· EEV OPERATING PROFIT £1,469M (2010: £1,224M)
EEV PER SHARE UP 11% TO 147P (2010: 132P)
· IGD SURPLUS UP TO £3.8BN AFTER DIVIDEND (2010: £3.7BN)

· IFRS return on equity 14.5% (2010: 18.2%)


Final Dividend 4.74p.

From HL.

Interim Management Statement.

LEGAL & GENERAL BUILDS FURTHER SCALE IN KEY MARKETS


OPERATIONAL CASH GENERATION £249M (Q1 2011: £245M)

NET CASH GENERATION £210M (Q1 2011: £209M)

LGIM ASSETS UP TO £383BN (FY 2011: £371BN)

LGIM NET FLOWS UP 29% TO £2.6BN (Q1 2011: £2.0BN)

RISK SALES UP 8% TO £78M APE (Q1 2011: £72M APE)

SAVINGS SALES DOWN 6% TO £300M APE (Q1 2011: £320M APE)

INTERNATIONAL SALES UP 37% TO £56M APE (Q1 2011: £41M APE)

Legal & General Group Plc Board announces the appointment of Nigel Wilson as Group Chief Executive.

Legal & General Group Plc ("Legal & General" or "the Company") is pleased to announce that Dr. Nigel Wilson will be appointed as Group Chief Executive as successor to Tim Breedon. Nigel joined Legal & General as Group Chief Financial Officer and a member of the Board in September 2009. His appointment follows a thorough and exhaustive process conducted by the Board under the Chairman's leadership and with the assistance of a leading executive search firm. With immediate effect, Nigel will be Group Chief Executive Designate and will formally succeed Tim with effect from 30 June 2012.

Tim will step down as Group Chief Executive and a member of the Board from 30 June but will remain an employee of the Company until 31 December 2012 undertaking an important advisory role on key activities including working on and lobbying for an appropriate outcome on Solvency II.

Half yearly report part 1

LEGAL & GENERAL: DIVIDENDS UP 18% TO 1.96P AND EARNINGS PER SHARE UP 14% TO 6.96P

FINANCIAL HIGHLIGHTS:

· INTERIM DIVIDEND UP 18% TO 1.96P PER SHARE (H1 2011: 1.66P PER SHARE)
EARNINGS PER SHARE UP 14% TO 6.96P (H1 2011: 6.13P)

· OPERATING PROFIT UP 5% TO £518M (H1 2011: £493M)
RISK, SAVINGS AND INVESTMENT MANAGEMENT ALL IMPROVED OPERATING PROFIT
IFRS PROFIT BEFORE TAX UP 11% £525M (H1 2011: £471M)

· IFRS RETURN ON EQUITY1 15.9% (H1 2011: 15.0%)

· OPERATIONAL CASH GENERATION £471M (H1 2011: £477M)
NET CASH GENERATION £407M (H1 2011: £406M)

· IGD SURPLUS £3.8BN AFTER INTERIM DIVIDEND (FY 2011: £3.8BN)

OPERATIONAL HIGHLIGHTS:

· LGIM NET FLOWS UP 33% TO £4.0BN (H1 2011: £3.0BN) AND AUM £381BN (FY 2011: £371BN)

· PROTECTION GROSS PREMIUMS UP 9%TO £672M (H1 2011: £614M)
US GROSS PREMIUMS UP 13% TO $456M (H1 2011: $403M)

Hey skinny are you still 10p up on these? I've looked at the last 5 years and it appears these usually drop after the Interim divvy so will leave alone this time.

Stan - I bought @99.89 (up 28.82%).

99.89?.. Yee ha! nice one.. who you buying next and when? -):

Stan - mixed results with the insurers - I'm down 6% on RSA and recently sold SL +45p.