I presume this is good with the amount of likes it’s got 
Yes I think so too 
Well it’s not good news for Onto if they don’t get more funding, or for L&G shareholders.
Obviously L&G decided it was too much of a money pit for them to continue investing in the future.
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The ‘original definition’? By all means subvert the language but don’t claim it was always that way. That’s straight out of the 1984 road map to tyranny.
What kind of person resurrects a topic to reply to a post from a month ago, just to stir the pot and not even comment on the original subject?
Sad.
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H1 2023 earnings report:
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Anything particularly noteworthy? Otherwise I’ll wait for someone to publish a summary 
Nothing new I believe.
Macro economics are affecting the operating profit.
Div increasing by 5% as per LGEN div plan
Very high level, but if you were expecting growth, you will be likely disappointed.
Do you own research.
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Thanks. I have no real growth expectations from L&G, so I’m not disappointed on that front. As long as the dividend cover and returns on capital remain reasonable this is one I’m happy to not think about too much 
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It was over £3 not that long ago I’ll take £2.58 though.
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Ex dividend date 24th August, yet its trading low at £2.18. Surely thats not right? What am i missing here?
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FTSE 100 overall is down nearly 4% this week, so that will be a contributor.
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This will probably be a stupid question but if a company isn’t growing but pays dividents are you not potentially just at a stagnant revenue, not losing much not gaining much?
Not a silly question. One could argue that paying a large dividend and committing to growing it actually hampers the company.
This over time leads to large investors who only really care for the dividend and thus be aimed a vicious circle. Looking at At&T in the US is a good example of a company held hostage to it staus as a dividend ariscrat.
It takes skilled a executive team to deliver share price upside while paying out large capital regularly. That said there are many executive teams/companies that couldn’t find a way of deploying the capital in any meaningful way.
This leads to an important question. If you can earn +5% in a cash savings account how much share price upside do you need to make the risk worth while with a dividend yield of 4.5%? +3% +5% …
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Or you could argue that paying a decent growing dividend is a sign of a quality company and keeps management on their toes. in the long run price is driven by growth of business. The earnings growth and cash flows are the source of the dividend. The best companies grow the dividend as the business grows.
For LGEN The yield is now around 9%. even with moderate to no growth you’re getting 9% however you slice it (assuming the SP doesn’t completely collapse from here)…and if it does, your income technically grows faster when re-invested. 9% doubles and redoubles every 8 yrs 
As for cash in the bank, 5% is all well and good. but when rates go back to 0 for 15yrs you are getting hosed. That said emergency cash reserve is very important.
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Yes I knew about well if companies can’t use the extra cash to expand, innovate, research etc they pay thw divident.
I got an answer below but I just thought if the share price drops each divident how do we make money but I really need to sit down and calculate it all.
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Average increase in dividends is 5%. Average increase in profits 8/9%
Reserve ratio is excessive at 230%.
Half year profits down but expected to increase by full year.
New accounting methods will reduce profits. In reality there will be no change.
Hargreaves Lansdown always gives opinions on legal and general accounts.
Shares are very cheap at the moment, as in I can’t see a reason for it.
I have been out of these for a while.
May put something in.
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Pay day tomorrow for dividends
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Had this from Simply Wall St:
New major risk - Revenue and earnings growth
Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future.
This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company’s profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns.
Currently, the following risks have been identified for the company:
Major Risks
- Debt is not well covered by operating cash flow (currently running at an operating cash loss).
- Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future.
- High level of non-cash earnings (35% accrual ratio).
- Revenue is less than US$1m.
Minor Risks
- Paying a dividend despite having no free cash flows.
- Profit margins are more than 30% lower than last year (-19% net profit margin)
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