Share Name Share Symbol Market Type Share ISIN Share Description
M&g Income Investment Co LSE:MIV London Ordinary Share GB0030826639 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 10.00p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unknown - - - - 27.59

M&G Income Investment Share Discussion Threads

Showing 1 to 5 of 25 messages
Chat Pages: 1
DateSubjectAuthorDiscuss
22/9/2004
15:45
NAV 26p+ and 21p on the offer
praipus
21/9/2004
09:09
tiltonboy, Thanks for your comment. So the question is can the portfolio grow by an average of 5% per annum over the next four years? The last interims unaudited show 7.4% growth in net asset value over the six months.... 25% of the portfolio is in Bonds and the spread of equity investments quite broad though weighted toward financials and Oil&Gas. Downside risk minimal IMHO and a strong buy at these levels. Praipus
praipus
16/9/2004
11:16
Praipus, Not as exciting as it first looks. The NAV of the Ords might well be 25.77p now, but much of that will accrue to the ZDP's over the next four years. Taking net assets of £173.3m, and a total cost of redeeming the ZDP's at their final entitlement leaves just £37m, or 13p, for Ordinary shareholders. Let's say that the trust pays out 2p per year to Ordinary shareholders, then they should receive in the order of 8p in dividends. So with a terminal NAV of 13p, plus 8p in dividends, you will be paying 21p for 21p. If their assets fall by 20% over the next four years, there will be no capital payout at all. This stock is a highly geared play on the market going up, and gives little downside protection. tiltonboy
tiltonboy
16/9/2004
10:47
NAV 25.77p 21p on the offer
praipus
09/9/2004
14:22
Strong buy IMHO
praipus
Chat Pages: 1
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