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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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M&G High | LSE:MGHI | London | Ordinary Share | GB0005532816 | INC SHS 1P |
Bid Price | Offer Price | High Price | Low Price | Open Price | |
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Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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- | O | 0 | 53.00 | GBX |
M&G High Income (MGHI) Share Charts1 Year M&G High Income Chart |
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1 Month M&G High Income Chart |
Intraday M&G High Income Chart |
Date | Time | Title | Posts |
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20/2/2017 | 20:31 | M&G High Income Shares | 227 |
Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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Top Posts |
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Posted at 20/2/2017 20:31 by blackpoolsteve Yes,the winding up document stated that the illustative value of the income shares would be 55p.The entitlement of the Zeros is 122.832p,nearly 1p off the above NAV of 56.4p.maybe less the final dividend of say 1p or less which is due on 3rd March,which means the 55p value will be fairly accurate. Anybody any ideas for a good income alternative to MGHI? |
Posted at 20/2/2017 17:17 by skinny 20 February 2017M&G High Income Investment Trust P.L.C. The Board of M&G High Income Investment Trust P.L.C. announce that the net asset value (NAV) at 12:00 noon today was £448 million. Income Shares * 56.94p 'XD' Capital Shares 0.00p Zero Dividend Preference Shares 121.91p Income & Growth Units 56.94p 'XD' Package Units 178.85p 'XD' The net asset values have been calculated on a cum-income basis, with dividends payable deducted from net assets on the ex-dividend date. Financial assets are valued on a mid-market price basis. * The ex-income NAV of each Income Shares is 56.40p. |
Posted at 05/8/2016 07:06 by timbo003 ....a couple of other noteworthy items from the results:* They have already made £350m provision for winding up cost (see note 5) so the current NAV reflects these likely costs already. * There could be a post-windup payment for reclaimed VAT on management fees, I'm not sure over what period this would apply, but last year fees were £3.7m (note 4) so 20% of that is circa 700K and if the rebate were over a 10 year period that could be as much a £7m (i.e. 2.7p/share). * The decrease in interest rates announced yesterday will have increased NAV of the bond portfolio, the Annual report states that this would be circa £4M for a 0.5% reduction (see note 16) so presumably it would be approaching £2m for a 0.25% reduction in interest rates (i.e. 0.8p/share)? |
Posted at 26/4/2016 22:58 by timbo003 >>>>SleeYour analysis is correct. If the shares were wound up today (with no fees incurred) and the Zeros were paid out in full today, then the income shares would receive the current NAV for the units (MGHU) minus the final redemption value of the zeros (MGHZ) i.e. 169.15p - 122.83p = 46.32p I hold a few income shares (MGHI) which currently trade at at around today's wind up value (i.e. a 0% discount), however they still offer good value as you get some decent gearing for nil premium and there are still a few good dividends to come (which should be covered by revenue coming in as dividends from the investment portfolio). |
Posted at 26/4/2016 22:04 by sleepy Erstwhile - not saying you are wrong but the current ord NAV is based on the Zdps being valued at c 113p whereas they will be repaid for more than that ( c123p?) Every extra penny on the Zdps repayment price is a penny off the ord NAV |
Posted at 30/3/2016 10:17 by aleman 3 trading days of the tax-year left. CGT and dividend tax changes next year so some might want to make porfolio changes this year. It's less than a year to wind up of MGHI and there are no proposals for a roll-over vehicle yet. Some investors might have wanted to sell in the current tax-year if they knew what the new proposals are, but it is nearly too late. Not a very good show. |
Posted at 31/12/2015 12:40 by lord gnome Basically, whichever is cheapest right now. MGHU only makes sense if you think that the capital value of MGHI is going to exceed 70p on wind up. Personally I think this is now something of a long shot and only a very good market run would do it. In which case MGHI is just as good a bet for anything under 70p as both will receive the same amount on wind up and the MGHC element of MGHU will retire worthless. (MGHC currently quoted at 2.1 - 2.5p, so somebody must be hopeful). |
Posted at 31/12/2015 12:32 by my retirement fund I'm confused what makes the best sense to buy, MGHI or MGHU ?Can anyone explain what the best choice is? |
Posted at 23/12/2015 15:26 by jimbo3352 MGHI nav was 56.91p yesterday. If my arithmetic is correct the yield is c14%. In my simplistic view, it's worth holding for the income which will compensate to some extent for any further drop in the share price. It is unlikely that holders will get 70p on redemption but I'd still be happy with a lower figure if I do hold to term. While I do think there will be a sustained bull market, I'd be surprised if there is not some recovery between now and 2017. Perhaps Aleman can tell me if I have overlooked hurdle rates. |
Posted at 22/12/2015 14:51 by lord gnome This is looking very sick indeed. Great dividends, but the share price is dropping like a stone. There must be some concern about the final payout and what will be left for the income and capital share holders once the zeros have been paid out. We need a bull market run over the next two years. (Apologies for stating the bleeding obvious). |
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