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?

Asian profits expected to double.
Looking like theyve got an extremely healthy time ahead outside the U.K.
Becoming major players in both India and China, The U.S.A's of the future.
that would be my answer

I am still holding and pretty happy, not least because sp looks to be breaking through 680 resistance at long last

Trading statement out tomorrow - any views - I'm currently short from @340

I wish I knew the answer. Bought at 275p & currently sitting on profit, but a number of guys on these boards are short PRU for various reasons (see latest page of the FTSE thread with a number of PRU comments).
Broker consensus I saw on Selftrade is 'Buy' with a target price of 568p, but what do they know!!!

Final Results tomorrow - any views?

Took profit a while ago, so don't have an interest atm, but have been watching & tempted to get back in on the assumption that sp will climb to the red DMA ( I assume 50 DMA). Not seen any forecasts on the results, but will be interesting to see if they maintain their divi.

Full Year 2008 New Business - Part 1 (Prudential)





TIDMPRU

RNS Number : 6344N
Prudential PLC
20 February 2009

?




Embargo: 07:01am Friday 20 February 2009


PRUDENTIAL PLC FULL YEAR 2008 NEW BUSINESS RESULTS

STRONG GROUP CAPITAL POSITION - ESTIMATED IGD SURPLUS GBP1.7BN


WE SEPARATELY ANNOUNCE TODAY THE TRANSFER OF THE LEGACY AGENCY BOOK IN TAIWAN
AND THE TAIWAN AGENCY FORCE TO CHINA LIFE INSURANCE COMPANY LTD (TAIWAN) WHICH
WILL INCREASE THE IGD SURPLUS TO APPROXIMATELY GBP2.5BN


TOTAL GROUP INSURANCE SALES UP FIVE PER CENT


TOTAL ASSET MANAGEMENT NET INFLOWS OF GBP4.3BN

on the face of it, a significant bounce due, though NY was unpleasantly weak again and London indicating a similar follow through

a bigger chart and easier to read too! ...... as always, i show 25, 50 and 200 dma

Certainly one of the most verbose statements I've seen!

typical .... correct forecast; no spare cash; no bunce to bung in the bank!

Credit for this to 'Spreadbets.com' :
"The Bet: We recommend opening a buy bet in March Prudential (PRU) expiry March 17th at 20 a penny when the quote is standing at 258p - 260p. The target is 308p and the stop loss at 229p for a risk of 620 at our suggested wager.

The Fundamental View: We are opening a buy bet in Prudential off the back of the fears stalking the insurance sector that hefty rights issues are in the offing. This may very well be the case, but our view is that stocks like Prudential and Aviva - the latter of which we have recently been short of, have now fallen so far that even if there are cash calls these are probably in the price. This is an aggressive view on the bullish side and assumes that it is sickly Legal & General that is dragging its fellow sector members down. But at current levels one can have a stop loss below the November low of 233p and at least look for a dead cat bounce in the shares.

The Technical View: We are looking at a charting buy for Prudential on the basis that the stock will not make a new lower low versus November's 233p. Our stop loss is at 229p and the initial target is the initial February support of 308p. Above this suggests that the shares have made a near term floor has been made."

another disaster from the resident bighead that is Cynic!!! Even TMC which he claimed was as good as worthless is up 30% since I made a thread on it. Maybe he'd be better concentrating on his 'pretend' business! Some business it must be that he has that much time trying to knock those that are expert in making money on the markets, poor little loner that he is. Never mind Cynic, one day you may find a purpose in life, investing sadly does'nt seem your forte!

kb
on what basis do you consider this a disaster for cynic?
personally i find his views and comments to be most worthy of note, but thats just my opinion. hope this opinion of mine wont deter you from answering my question.
thanks and regards and look forward to your reply.
jkd

kb (aka "the raddled queen") is just sour and does not like the fact that i tell it as i see it ..... among her faves are TMC, which though it owns(??) some big nickel deposits is currently on its uppers - its own recent RNS admits as much - and TAIH which I have always regarded as a load of chinese snake oil - and so it does indeed seem to be.

and a mere aside ..... kb "made a thread on TMC" ..... where?????? ..... not on this site she didn't

for myself, i readily admit when i get it wrong, though quite how PRU can be deemed a disaster for me is entirely beyond my very limited comprehension.


but for your comments, jkd, i thank you

would be happy to know your holdings and the price you've paid btw. Even if i'd not sold any TMC i'd be 30% up btw?? You seem very interested in TMC btw!

kb
you seem to be floundering
are you going to answer my question or attempt to sidestep/ ignore it?
regards
jkd
ps i wrote it first then looked it up. seems a very appropriate word.

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