Lgen Share Price and Returns: A Comprehensive Review

Let's dive into the world of Lgen share price and returns. Lgen's share price has experienced significant fluctuations, with a high of £1.24 in 2020 and a low of £0.45 in 2022.

The company's financial performance has been mixed, with a revenue growth of 15% in 2021 but a net loss of £2.5 million in the same year. This has led to concerns among investors about the company's ability to generate consistent profits.

Despite the challenges, Lgen has shown potential for growth, with a market capitalization of £50 million in 2022. This suggests that investors remain interested in the company's prospects, even if the share price has been volatile.

Legal & General's financial performance has been impressive, with revenue reaching 11.99 billion in 2023, a 0.26% increase from the previous year.

The company's earnings, however, saw a decline of -42.76% to 435.00 million. This mixed performance highlights the need for a closer look at the company's financials.

Boss Antonio Simoes is optimistic about the company's future, stating that the half-year financial results reflect the "ongoing strength of the business."

In 2002, Legal & General Group Plc announced a rights issue to raise equity and provide capital for new business growth.

Shareholders were given the right to purchase 13 new shares for every 50 they held for 60p each. This was a significant opportunity for investors to increase their stake in the company.

1,269,947,596 new ordinary shares were issued, with a take-up of over 95%, raising proceeds of £788 million, net of expenses.

If you held 100 shares on September 19th, 2002, with a share price of 100.5p each, and took up your rights, your total shareholding would be 126 shares with a share price of 92.14p each.

Your total value would be £116.10, a significant increase from the original £100.50.

Legal & General Group's revenue in 2023 was 11.99 billion, a 0.26% increase from the previous year.

This modest growth in revenue is a testament to the company's ongoing strength, according to CEO Antonio Simoes.

Their earnings, however, took a hit, decreasing by 42.76% to 435.00 million.

Despite this decline in earnings, the company's financial performance is still a cause for optimism, with a strong subsector yield of 11.1% per year.

This yield makes Legal & General a compelling investment opportunity, especially considering the company's potential for additional capital returns.

The company's financial results reflect a successful new strategy, with profits exceeding forecasts in the half-year financial results.

The LGEN share price has been quite volatile over the past year, with a 1 Year Change of -6.58%. This means that if you invested in LGEN a year ago, your investment would be worth 6.58% less than it was then.

The current share price is UK£2.30, which is a 3.19% increase from the price just one month ago. If you're looking to buy or sell LGEN shares, keep in mind that the 52 Week High is UK£2.59 and the 52 Week Low is UK£2.11.

Here's a quick snapshot of the share price changes over the past few years:

As you can see, the share price has been declining over the past few years, but it's worth noting that the Change since IPO is a whopping 503.68%. This means that if you invested in LGEN when it first went public, your investment would be worth a significant amount more than it was then.

In terms of returns, LGEN underperformed the UK Insurance industry, which returned -2.1% over the past year. It also underperformed the UK Market, which returned 4.3% over the past year.

LGEN's risk profile is worth considering, particularly when it comes to its ability to cover debt with operating cash flow. Debt is not well covered by operating cash flow.

Large one-off items can have a significant impact on LGEN's financial results. This is a risk that investors should be aware of.

LGEN's dividend yield is 8.97%, but it's not well covered by earnings. This could be a concern for investors who rely on dividend income.

LGEN's profit margins have decreased from 4.5% to 2.3% compared to last year. This is a notable decline.

Here's a comparison of LGEN's price volatility with industry and market averages:

LGEN's price movement over the past year has been relatively stable, with a weekly volatility of 3%.

The insurance industry as a whole has seen an average movement of 3.9%, which is slightly higher than LGEN.

In comparison, the market average movement is 4.7%, indicating that LGEN's price has been less volatile than the broader market.

A closer look at the UK market reveals that the 10% least volatile stocks have seen an average movement of 2.6%, while the 10% most volatile stocks have seen an average movement of 10.5%.

Here's a comparison of LGEN's average weekly movement with the industry and market averages:

In the past 3 months, LGEN's price has not had significant volatility compared to the UK market, indicating a relatively stable share price.

Debt is not well covered by operating cash flow, making it a significant risk for the company.

Large one-off items can have a major impact on financial results, making it difficult to predict future earnings.

A dividend of 8.97% is not well covered by earnings, which could lead to financial strain.

Profit margins have dropped significantly from 4.5% to 2.3%, indicating a decline in the company's financial health.

This decline in profit margins is a clear indication that the company is struggling to maintain its financial stability.