Robert Sutherland Smith is again proving that he is still alive with another guest post. Robert started his City career the year before I was born and is, I think, 157 years old. Fear not. He is very much alive and kicking. He and I have worked together for almost eight years at t1ps.com . He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at various places ( including Shareprophets.com naturally) on FTSE 350 Income stocks. Robert is a speaker at the UKInvestor Show on April 5th 2014. He is a great one for focussing on yield. RSS today looks at Legal & General. RSS writes:
The Legal & General (LGEN) share price is at the top of its game and the top of its trend pathway. It has risen 55% over a year in which the FTSE100 rose by only 16%. That gives scope for the share price to fall back again on profit taking. In Q1 the wind was decidedly in the Company’s favour. And the quarterly reports of insurance companies like winds are variable too. If you wish to by L&G shares for dividend yield, I dare to suggest that you may get a higher one in due course at a lower price.
It is the maturity of its more traditional UK markets as well as the catatonic state of the UK economy that is propelling the Legal & General to search for expansion in the business of fund management services both in the UK and internationally. Legal & General’s first quarter results were strikingly indicative of that
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