M&g Share Discussion Threads

[luderitz] 17/3/2020 00:22

Where have you been CS?

[yellow122] 16/3/2020 22:41

I have been trying to figure that out too. A number of RNS today from what appear to be positions being created by PE firms.

Not sure the link but potentially related?

[csalvage] 16/3/2020 18:50

How come this has gone down so much.

[essentialinvestor] 13/3/2020 17:08

Wish I did more walking this week!, Might have saved me quite a bit.

[frazboy] 13/3/2020 16:36

Thanks EI, knew about the debt - I walked away from the trade, because although I think I understand the company, I don’t understand it in enough detail to be comfortable holding it should the trade have gone wrong. Went out for a walk for the day instead, much more pleasant thing to do!

[essentialinvestor] 13/3/2020 09:43

May be, their is also debt to factor in?

PRU higher off a lot of debt in the demerger.

[frazboy] 13/3/2020 09:18

So, let’s get this right, adjusted for the dividend you pay 130p for these, and despite AUM declining horribly, there’s still the cash from the annuity run off which is about to step up a gear as the U.K. goes for herd immunity. Do those 2 balance each other out? Or am I being way too simplistic?

[eeza] 10/3/2020 19:01

"Investment firm M&G launches voluntary redundancy programme
Fund manager M&G has launched a voluntary redundancy programme as it saw annual profits slump by nearly a third after investors withdrew more cash.

In its first set of results since splitting from Prudential last year, the group said the redundancies should help it cut costs by 10 per cent, although it did not specify how many jobs are expected to go.

It comes after M&G saw investors withdraw some £7.5billion from its funds last year as investors shifted away from active stock pickers. "

[lord gnome] 10/3/2020 18:07

Thanks chaps - time to visit Specsavers.

[eeza] 10/3/2020 18:01

LG
See Note 6

"6 Earnings per share

Basic earnings per share for the year ended 31 December 2019 was 43.1p (2018: 1.2p) and diluted earnings per share was 43.0p (2018: 1.2p). Basic earnings per share is based on the weighted average ordinary shares in issue after deducting treasury shares. Diluted EPS is based on the potential future shares in issue resulting from exercise of options under the various share-based payment schemes in addition to the weighted average ordinary shares in issue."

[jonwig] 10/3/2020 17:54

It's in the consolidated income statement: 43.0p. Not a meaningful number.

[lord gnome] 10/3/2020 17:39

Am I blind? I can't see anywhere in these results where it states the earnings per share. Has anyone spotted this?

[eeza] 10/3/2020 08:50

Thanks , rik.

[rik shaw] 10/3/2020 08:42

See note 5 in the accounts

Ordinary dividend and special demerger dividend to be paid in May 2020

Ex-dividend date 16 April 2020
Record date 17 April 2020
Payment of dividend 29 May 2020

[eeza] 10/3/2020 08:37

Anyone know the XD date?

[jonwig] 10/3/2020 07:24

Assets - Liabilities = Equity;

226 - 221 = 5 (£bn) and £0.3bn to exit with the dividend.

Cripes!

[essentialinvestor] 10/3/2020 07:23

As a holder of PRU, I'm glad we managed to get rid of this, plus the debt that M&G took
with it.

[fenners66] 10/3/2020 07:18

Next years interim ?

[skinny] 10/3/2020 07:04

.

M&G plc delivers a positive financial performance in a challenging market

Performance highlights



- Assets under management and administration increased to £352 billion, principally reflecting strong investment returns over the year

- Modest net client outflows in Savings and Asset Management of £1.3 billion, with net client inflows into UK Retail Savings, which includes PruFund, mostly offsetting net client outflows in Retail Asset Management

- Adjusted operating profit before tax1 of £1,149 million in line with our expectations and IFRS profit after tax from continuing operations of £1,065 million

- Total capital generation of £1,509 million and shareholder Solvency II coverage ratio of 176%2

- On track to deliver annual run-rate shareholder cost savings of £145 million by 2022 through our five-year transformation programme

- Ordinary dividend of 11.92 pence per share and special demerger dividend of 3.85 pence per share


more.....

[cassini] 09/3/2020 23:46

Might be the 38% Fibonacci retracement level...

[essentialinvestor] 09/3/2020 15:25

A few people seem to be looking for around 1.60, is that a relevant level
re some TA metric?.

[eeza] 09/3/2020 15:22

They haven't hired Woodford (one hopes).

[essentialinvestor] 09/3/2020 15:16

Mentioned this previously on the SHA board ...I notice M&G have taken a fat %
stake in ScS, dear me. Buying from an exiting private equity firm.

Would like to know the name of the investment manger who made that call
as might ping an e-mail with some thoughts!!, Probably a collective investment board decision though?.

[essentialinvestor] 09/3/2020 15:14

UkX whacked with the commodity weighting.