Telegraph Telegraph suggesting LGEN :[link]
Venture Cap Fund - Woodford - Oh Dear LEGAL & General is to invest in digital start-ups.The life and pensions giants main investment arm has joined Woodford Investment Management and the British Business Bank to pump in an initial £150million through Accelerated Digital Ventures.The platform will target existing technology hubs including Cambridge, Oxford, Bristol, Belfast, Cardiff, Glasgow, Sheffield and Manchester.L&G Capitals Paul Stanworth said: If we are to catapult the best of British enterprise more akin to Silicon Valley, we need early capital support.Games
Re: L&G offers growth and income opportuniti... makes good reading
L&G offers growth and income opportunities, says Shore Capital L&G offers growth and income opportunities, says Shore CapitalShore Capital was impressed by a capital markets day at Legal & General (LGEN), which showcased the opportunities at the insurer.Analyst Eamonn Flanagan reiterated his buy recommendation, which, despite the positive response to its capital markets day, slipped 1.9%, or 4.6p, at 237p.L&G hosted an intense but excellent capital markets event, he said. The event succeeded, to us, in demonstrating the opportunities open to the group from market leading positions in the annuity, protection, lifetime mortgages, and asset management markets. These are supported by a powerful balance sheet, a highly capital efficient model, an appropriate risk appetite for direct investments and a very clear focus on cash generation.Flanagan said the benefits of a diversified model were very evident.The c.6% forward yield anchored by net cash cover of over 1.5x and our expectation of c.7% per annum dividend growth in the coming years in itself should dictate a positive recommendation on the stock, said Flanagan.However, the income attractions are only part of L&Gs investment case. As the [capital markets] event highlighted, the growth opportunities for this extremely well-managed business are substantial.[link]
Re: FT reports on L&G Investor day Hi LKHGood to hear from you. Read many of your posts, insightful and witty.Yep, A downward movement seems to correlate with either one of my posts or a buy.Its been on a good run but has not passed previous pre Brexit highs.I have been in since the the 2007 sell offs, looked at Aviva and Pru, probably a better bet - went for L&G and rather dangerously have become attached to L&G.I am hoping this is a claw back and profit taking.More reassured since the Investor Day commentary, there was quite a it of hearsay and myth flying around, investors getting spooked. Still not enough in it for early retirement.
Beaufort note out on research tree... "The update underpins Legal & General’s strong position to face the consequences of Brexit. Its solvency II coverage ratio, a key metric in the insurance sector, remains healthy. Legal & General has a diversified portfolio. Moreover, its global credit team is continuously monitoring the portfolio and de- risking the credit portion of eligible owned funds. The company has a solid balance sheet, with cash and cash equivalents within eligible owned funds standing at £3.3bn. It is executing its strategy structured around five long-term drivers: ageing population, globalisation of asset markets, creation of new real assets, welfare reform and digital. Furthermore, Legal & General would benefit from the appointment of Sir John Kingman, who has impressive track record and in-depth knowledge of the financial market. We believe the company is comfortably placed with adequate funds and portfolios to mitigate economic downturn after Brexit."