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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| M&g Plc | MNG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.20 | 0.60% | 201.80 | 16:35:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 200.40 | 200.40 | 203.10 | 201.80 | 200.60 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 05/11/2024 08:46 by williams66 stock price is down 10% over five years, but the total shareholder return is 50% once you include the dividend. And that total return actually beats the market return of 27%.It might not be a loved stock but the fundamentals for investors return is there in the statistics. |
Posted at 21/9/2024 06:53 by pete160 According to the mng website the next payment date is October 18thhttps://www.mand |
Posted at 13/9/2024 06:35 by netcurtains ACTION:The odds are on the investors side. If we are wrong we still get the dividend If you are wrong you get nothing. I think that equates to about 60% 40% in favour of investors in high dividend financial shares. (obviously nothing is certain - but a roughly 10% dividend yield is a lot of money) |
Posted at 12/9/2024 07:51 by woodhawk netcurtains,"we're all in the quick easy money...." - don't tar us all with your brush! We're not all ill-informed gamblers - some here are investors. |
Posted at 11/9/2024 15:49 by rongetsrich I just see disoriented investors ignoring the facts. We'll soon see. |
Posted at 10/9/2024 15:21 by kenmitch MarvinTPABest not to take the supposed AA4 NAV figure too seriously. Only when eventually AA4 and their investors know the terminal value of their planes will we know whether the current NAV is for real. It’s unlikely to be…… but to compensate investors have that big annual dividend which they have committed to paying until 2016. |
Posted at 07/9/2024 05:11 by xtrmntr Interim results for hybrid life insurer and asset manager M&G (MNG) contained the usual baffling application of IFRS 17 accounting measures, which showed a variance in reported profits of £119mn compared with the firm's own performance measures. However, the headlines, on what was a generally downbeat day for the markets were dominated by the continued outflows in M&G's core operating units, which totalled approximately £1.5bn, prompting the company to make a renewed effort to find cost savings.Despite this continued weakness, robust market prices meant that total assets under management and administration (AUMA) were £2.6bn higher than at the start of the year at £346bn. However, the combination of higher interest rates and the attractive deals on fixed income meant that both institutional and private clients pulled money from the fund and wealth management parts of the business.Wealth experienced net outflows of £0.9bn, while the asset management business, which is made up of two different parts, reported a net outflow of £0.5bn. Overall, this meant adjusted group operating profits were £375mn, compared with £390mn at this point last year.M&G's limited exposure to the bulk purchase annuities (BPA) market was also a problem. While the company has re-entered the BPA market with some smaller deals management described these as "vanilla" the de-risking of pension schemes moves potential capital away from the group's asset management division. With the overall pension transfer market booming, M&G finds itself effectively on the wrong end of the trade, although chief executive Andrea Rossi wants to correct this. Management clearly felt that a response was needed and so upgraded a couple of key performance targets for the year ahead. The company has increased its operating capital generation target from £2.5bn to £2.7bn by the end of 2024 and has boosted its cost savings target from £200mn to £220mn by the end of next year. Management could also point to lower restructuring costs of £29mn (2023:£74mn) as the company's cost-saving programme matures, while managed costs were 4 per cent lower.Still, the company expects that flows into PruFund, M&G's multi-asset investment platform, will be affected by interest rates and customer preference for annuities into the second half. Management intends to merge PruFund into the life business to generate synergies, according to Rossi.M&G is still attractively priced at a forward consensus price/earnings ratio of 9, which is the second-best value in the sector, according to FactSet data. The 10 per cent dividend yield also has obvious attractions for income investors, but the possibility of being stuck in a value trap is currently high. Hold. |
Posted at 06/9/2024 20:13 by jubberjim I find it hard to believe that in all the tumult going on across the world that investors are blindly/blithely ignoringBudget 30 October followed closely by USA presidential election barely a week later on November 5 There just might be fireworks between then and now Something to bear in mind |
Posted at 06/9/2024 10:52 by cfro I cannot understand why anyone would want to sell this and be out of it with such an attractive 10% dividend.This is such a compelling investment opportunity that investors should make the most of this while it lasts because this is unlikely to be the case for ever and a day... |
Posted at 04/9/2024 07:15 by muscletrade Good solid results from M&G.capital generation good ,operating profit ahead of consensus. Operating costs coming down as is overall leverage and solvency strong. offering over 9% yield on current share price What's not to like for income investors. market reaction this morning is pretty good considering the overall market backdrop. |
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