Editor's Pick: Markets: FTSE 100 closes marginally up
(PRU.L) Prudential PLC Buy/Sell
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Summary
Buy UK shares FREE until 30 Jun 2010. No hidden charges, admin or inactivity fees
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| Date/Time | Headline | Source |
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| 09-02-10 | RNS |
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RNS Number : 9034G Prudential PLC 09 February 2010 Date: 9 February 2010 Number of report in announcement: 1 DISCLOSURE DIRECTOR'S DETAILS - Ann Godbehere Director's other publicly quoted directorships As required by Listing Rule 9.6.14(2), we confirm the following change to the information disclosed in respect of Ann Godbehere, one of Prudential plc's non-executive directors. Directorships held in publicly quoted companies: Ann Godbehere has been appointed as a non-executive director of Rio Tinto plc with effect from 9 February 2010. Additional information: Prudential plc is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America.
Contact name for Enquiries Chris Barton Group Secretariat 020 7548 3229 Company official responsible for making notification Sylvia Edwards Assistant Group Secretary 020 7548 3826 This information is provided by RNS The company news service from the London Stock Exchange END
BOAKKCDBPBKDQBK More |
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| 08-02-10 | AFX UK Focus |
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Reuters messaging rm://myles.neligan@reuters.com@reuters.net
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BATM Advanced Communications sheds 12 percent after the technology firm posts full-year results, which Altium Securities says came in below its expectations, prompting the broker to cut its rating on the stock to "hold" from "buy".
Reuters Messaging rm://tricia.wright1.reuters.com@reuters.net
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"We feel the shares offer good value trading on approximately 10 percent discount to prospective net asset value, particularly when considering that St Modwen has not yet (and in our view will) benefited from yield compression on commercial assets and residential land values appear increasingly well underpinned," says Numis in a note.
Reuters messaging rm://sarah.young.thomsonreuters.com@reuters.net
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Reuters messaging rm://sarah.young.thomsonreuters.com@reuters.net
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Reuters Messaging rm://david.brett.reuters.com@reuters.net
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Shares in stockbroker Brewin Dolphin add 3.1 percent after Daniel Stewart issues an upbeat note on the firm, repeating its "buy" recommendation saying on a "medium-term view the current valuation looks compelling."
Reuters Messaging rm://david.brett.reuters.com@reuters.net
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Reuters messaging rm://aditi.samajpati.reuters.com@reuters.net COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 08-02-10 | AFX UK Focus |
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By Claire Milhench
LONDON, Feb 8 (Reuters) - M&G, the fund arm of Prudential , is seeking to address a funding gap for housing associations through the development of inflation-linked products, targeting worried pension funds and insurers.
"We see a lot of demand for inflation-beating assets from insurance companies and pension funds to insulate liabilities from inflation risk and there aren't enough options out there," said Bernard Abrahamsen, head of institutional sales and marketing at M&G.
"The housing associations have funded themselves wholly through bank lending but we are looking at the possibility of investing in them via alternative lending arrangements," said Abrahamsen.
"We are working on various co-investment opportunities for long-term savings institutions," he said. "They want assets with a series of cash flows that rise with inflation and their involvement could help fill the funding gap for housing associations."
"Pension funds and insurance companies are still buying these securities but there are better opportunities elsewhere, especially in long-lease property," Abrahamsen said. Keywords: M&G/INFLATION (Editing by Louise Heavens; claire.milhench@thomsonreuters.com; +44 (0)20 7542 3571; Reuters Messaging claire.milhench.thomsonreuters.com@reuters.net)
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 05-02-10 | RNS |
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RNS Number : 7838G System C Healthcare plc 05 February 2010 TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES
System C Healthcare plc
An acquisition or disposal of voting rights: (Yes) An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( ) An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: ( )
Prudential plc group of companies
N/a
4 February 2010
5 February 2010
5%
possible using the ISIN CODE
Resulting situation after the triggering transaction
sharesifpossibleusing the ISIN CODE
B: Qualifying Financial Instruments Resulting situation after the triggering transaction
n/a C: Financial Instruments with similar economic effect to Qualifying Financial Instruments(xv), (xvi)
Resulting situation after the triggering transaction
n/a Total (A+B+C) Number of voting rights % of voting rights
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xxi): Prudential plc (parent company) M&G Group limited (wholly owned subsidiary of Prudential plc) M&G Limited (wholly owned subsidiary of M&G Group Limited) M&G Investment Management Limited (wholly owned subsidiary of M&G Limited) Proxy Voting:
n/a
n/a
n/a 13. Additional information: Calcualtions based on total voting rights of 115,305,126
Dipesh Varsani/Mark Thomas M&G Investment Management Limited
020 7548 3261 / 020 7548 3266 This information is provided by RNS The company news service from the London Stock Exchange END
HOLTAMFTMBIMBAM More |
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| Mon 15:12 |
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Indolent,
Not a problem, always a pleasure to help anyone out where i can we were all newbies once!! Email me anytime (its on my blog my email address) and i'll try my best to help. Jamie More | View thread (5) | Respond | Login to Vote up | Login to Vote down |
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| Mon 12:02 |
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Jamie,
I really appreciate your selflessness in taking the time to help us relative newbies. Unfortunately for me Im living overseas and the one broker Im set up to transact through in the UK does not facilitate shorting. In about a months time I should be back in England then I intend to be a little more adventurous than just going long which often means my sitting back and waiting for shares I perceive to be temporarily overvalued to fall back. (Like watching grass grow that is rather tedious and frustrating.) Ill certainly give pears treading (which I finally understand now) a go when I get back and in the mean time I have emailed myself with your advice. Then again perhaps you could have a newbie's section on your blog. That way you wont have to explain the same thing over and over again. Thank you very much and good luck with your trades. Cheers, Steve (indolent) PS: for anyone else reading this: I think the Pru is an excellent company so Im not knocking it in fact I placed part of my late brothers estate with them. More | View thread (5) | Respond | Login to Vote up | Login to Vote down |
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| Sun 20:41 |
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Indolent,
Thanks for ythe reply and taking time to look at my blog. You view is not at all basic and its a very good point. Have you ever come across a trading strategy called pairs trading? I know alot have heard about it but the application is alot more fuzzy and the defintion changes depending on who you ask. I have traded PRU/Aviva a few times based on this theory and what you have noticed is almost a perfect set up to undertake the trade. Basically if you wanted to do a pairs trade you look for 2 companies that are very similar. As you have noticed PRU/Aviva are very similar. From what you have said you are basically saying that from your view point you consider PRU to be overvalued compared to Aviva. And because of this you are spot on to assume that if there is a bigger sell off then the company that is considered overvalued will drop more %wise then the company that is undervalued. Because they are similar and in the same sector then what would effect one sp is likely to have a similar effect upon the other. So what you tend to get is their share prices moving very similar alot of the time. So what you could do to profit from this and to help protect your holding you have in aviva is to short pru by the same exposure. Basically if you have £1000 invested in aviva you short £1000 worth of prudential shares. You don't buy the same amount of shares its the £ worth you need to match. To quickly go through a few examples of how this works in the real world. Considering Prudential is indeed overvalued compared to aviva and you have the same amount invested in both you are highly likely to make money regardless of the direction of the FTSE. So Monday (for example) opens up and all results are below expectations, copper and oil are down, so the FTSE is falling. Pru and aviva are down. Aviva is 2.3% down but pru is 3.4%. In this scenario you are loosing money/value in aviva but the money you are making form your short in pru more than compensates for this. Again on tuesday when the FTSE rebounds, because aviva is undervalued, on the blue days aviva will gain more % wise and so even tho your short in pru is suffering your long is this time more than making up for it. Pairs trading seems sometimes like a win win scenario but the trick is picking companies that are correlated and under/overvalued. If you look on my blog you will see a link to www.nashprojects.com we have been working on for over 6 months now, a pairs trading software that compares companies mathematically to guage how under/overvalued they are. Then we trade the results. Its worked well for me in the past but currently we have some major bugs to sort out with the hosting software before releasing it to investors and traders. Anyway going back to your point. Yes i totally agree with your point and i would certainly expect Prudential to take a bigger hit than Aviva if this sell off becomes more aggresive. Jamie More | View thread (5) | Respond | Login to Vote up | Login to Vote down |
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| Sun 18:28 |
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jamiejosh,
I haven't got a code to post directly to your blog but in the mean time here's my question on the Pru which is a rather basic way of looking at things. Since the last "proper" correction last summer the Pru has recovered about twice as much as, say, Aviva in percentage terms. In other words to me the Pru seems to have recovered particularly strongly. Does this not make it vulnerable should this current softening in the markets develop in to a full-blown correction? Thanks, indolent PS: I own a a couple of grands worth of Aviva but no Pru shares. More | View thread (5) | Respond | Login to Vote up | Login to Vote down |
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