Legal shares and General General jumps 8% as investors celebrate View Buyback and Separation.
Picture Source: Pictures of Getty
Legal & General (Lgen) shares up to 8.25% as I write this Friday (7 February), and I couldn’t be happy. I was waiting for a while in this moment. In fact, I would dig a long time, so this was the first bonus.
At first, I thought FTSE 100 The Insurance Manager and Property have published a collection of Bumper for full-year effects, but those who do not make the land until 12 March.
Instead, we received a blockbuster announcement: Legal & General sells its US Protection Business from Japanese insurance agent in Meiji’s Meiji was $ 2.3bn. Back, Meiji Wasupa will take 5% of EL & G.
The Legal CEO and General Ceo António Simões has called “Changing transactions” That brings good benefits and cows.
It’s on top of the FTSE’s Header Board!
It is certainly modified for the Legal and General Price Share. It has been a lazy years, a 5% fall over 12 months and 25% of five years. That even though it is well updated in December it is exposed to £ 5bn to $ 6bn to £ 6bn with the Solvency II generation between 2025 and 2027.
At the time, I wrote that “I love my official shares all normal after modern updates”. Now, my commitment is restored.
FTTE 100 Finance have fought with the stock market variables, UK economic concerns and higher interest rates. The latest we make cash and the bonds you are more appealing, but investing is a cycle, and that changes.
By Bank of England’s Bank to cut prices three times since August, and potential, cash and bottle fruit. In contrast, Legal & General DistridendeDends still amazingly in 7.8%.
I have been reimbursed all of it, creating my cup of recovery. That happy day seems to draw closer.
Under a modern agreement, the Meiji Wasup will take a business protection and ordinary US security and receive 20% polish in its US transmission unit (PRT). Legal & Normal keeps 80% for re-opening arrangements.
Legal and general programs for £ 400m are funded with the US PRT Reinsurance and – Drum Roll – Pump A Chunky £ 1bn in the new return program. That reduces £ 200m recent. All the rest of the money will be updated in the business, hoping to drive more.
I get money and growth
Between 2025 and 2027, legal & standard expected to recover approximately 40% of their cap caps with dividends and returning items. Provided modern £ 15B CAP, that is £ 6bn. This should also be easy to worry about being separated. The highest fruit usually signs the trouble, but that doesn’t seem like you are here.
One point of adherence is a measurement value. Stock looks awesome, trading 32 times. In August, Legal & General reported 40% decrease in the AFF-Tax tax revenue at £ 220m. Profitable profits organized £ 5m to $ 849m. They should not pass through all the symptoms. Maybe I will never like.
Legal & General works in a mature, competitive market in the deceptive period of global economy. Donald Trump The Trade Tax Rates and threats and risks of obtaining financial decreases add uncertainty. Shopping today risks a result of profit.
I still see the last time, for a long time. I purchased the IL & G three in 2023. My shares wake up 12,5% since then (rather the restored restoration), but my complete restoration, including 25%.
No credentials. But if legal & familiar legitimately move to their promises, today’s meeting can only start.
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