Prudential (PRU)

Sector:

Insurance

Index:

FTSE 100

753.20p
   
  • Change Today:
    -2.60p
  • 52 Week High: 1,211.50
  • 52 Week Low: 748.60
  • Currency: UK Pounds
  • Shares Issued: 2,749.67m
  • Volume: 751,849
  • Market Cap: £20,710m
  • RiskGrade: 188

Prudential plans to raise £2bn through share offer

By Frank Prenesti

Date: Wednesday 29 Jun 2022

LONDON (ShareCast) - (Sharecast News) - UK life insurer Prudential said it planned to raise £2bn through a public offer and international share placing on the Hong Kong Stock Exchange.
The 173-year-old company said it intended to use most of the proceeds to pay down debt and give it "financial flexibility in the light of the breadth of opportunities to invest for growth in Asia and Africa".

Prudential said it plans to offer 130.8m new shares, or 5% of its issued share capital, at HK$172 per share, adding that an additional 32.7m new shares could also be issued.

It expects to determine the public offer price and the placing price on or around September 25, with trading expected to begin on October 4.

The company last week completed the demerger of its US business Jackson Life, after pressure from activist shareholder Third Point which built up a 5% stake in the Pru last year.

Hedge fund Third Point demanded a separation of Prudential's American and Asian businesses after its boss Daniel Loeb said there was "no discernible benefit" from the two divisions being operated under the same corporate umbrella.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Prudential Market Data

Currency UK Pounds
Share Price 753.20p
Change Today -2.60p
% Change -0.34 %
52 Week High 1,211.50
52 Week Low 748.60
Volume 751,849
Shares Issued 2,749.67m
Market Cap £20,710m
RiskGrade 188

Prudential Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.73% below the market average38.73% below the market average38.73% below the market average38.73% below the market average38.73% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Price Trend
48.23% below the market average48.23% below the market average48.23% below the market average48.23% below the market average48.23% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
41.67% below the market average41.67% below the market average41.67% below the market average41.67% below the market average41.67% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Growth
73.33% below the market average73.33% below the market average73.33% below the market average73.33% below the market average73.33% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average

What The Brokers Say

Strong Buy 6
Buy 8
Neutral 2
Sell 0
Strong Sell 1
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Prudential Dividends

  Latest Previous
  2nd Interim 1st Interim
Ex-Div 28-Mar-24 07-Sep-23
Paid 16-May-24 19-Oct-23
Amount 14.21¢ 6.26¢

Trades for 28-Mar-2024

Time Volume / Share Price
09:23 499 @ 753.20p
09:23 342 @ 753.00p
09:23 265 @ 752.80p
09:23 369 @ 752.80p
09:23 388 @ 752.60p

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