M&g Share Discussion Threads

[gbh2] 24/2/2023 10:58

Something has awakened the sp, hope it continues :)

[stun12] 24/2/2023 10:48

Caught a bit of a sudden bid.

[tornado12] 23/2/2023 19:29

Maybe the ABRDN results on 28th will give us some indication later on MNG

[gbh2] 23/2/2023 13:54

It's been this way since the last dividend, which is why I say there's no guarantee, I hope for the best but!

[dope007] 23/2/2023 13:43

Been that way for more than just the last few months gbh2 and they keep paying that dividend with no issues. And of course buying back shares

[gbh2] 23/2/2023 13:13

It was 10% no guarantee it's going to be and the dire share price performance (lack of) reflects the fact, there's more selling than buying interest.

[dope007] 22/2/2023 11:56

The rating here though is utterly ridiculous. sub 200p, 10% yield and a good track record and latest data is positive for them. But mkts are mkts and thats why trading them is often a mugs game. I'll take the divis and reinvest in a broad range of stocks

[anhar] 22/2/2023 10:49

It's cheap because it is a relatively high risk share compared with many other FTSE100 stocks. Fund managers are not high quality shares and thus usually stand on low ratings. However MNG is cheap on yield even by the low standards of this industry so I continue to hold in my income port.

[dope007] 22/2/2023 09:18

Crazy how cheap this stock is

[skinny] 22/2/2023 08:22

Full Year Results 09 March 2023.

[gbh2] 22/2/2023 08:20

This is still my worst performer, it's been bottom of my portfolio for months.

[tuftymatt] 20/2/2023 15:46

Really positive growth that, 17%. I would be happy to see this push to the high it achieved in 2022 which was some 11 months ago now.

The good news is many think this has more in the tank and with a very strong divi too I am more than happy holding and adding at sub 200.

Good luck all 👍🏻

[muscletrade] 20/2/2023 14:45

Jefferies reiterates ‘buy’ on M&G as funds outperform
Analysts say a ‘remarkable turnaround’ in fund performance could drive future inflows and boost shares by 17%.

[red ninja] 18/2/2023 10:44

Dated 30/1/23 Paid for tip site

hxxps://www.investorschampion.com/channel/portfolio/income-boosters-2-new-dividend-shares-for-2023

New stock #2: 10% yield
Our second new stock is FTSE 100 asset manager M&G (LON: MNG). This business was spun out of Prudential in late 2019. It's since delivered a solid record of capital generation to support its 9.5% dividend yield.

Much of the group's surplus cash is generated by its Heritage business, which runs with-profits funds. These are closed to new business, but are expected to provide a stable earnings contribution until 2029, or possibly beyond.

Alongside this, the business has a portfolio of open savings and investment products that are marketed to retail savers and institutional clients. Assets under management totalled £349bn at the end of June last year. This included £77bn of private and alternative assets. According to the firm, the majority of these generate income from management fees rather than performance fees. This should help to reduce earnings sensitivity to market movements.

Performance during the first half of last year was cautiously encouraging, given the difficult environment. M&G's open businesses reported net inflows of £1.2bn. This included a £0.8m inflow to its wholesale business -- the first since 2018.

Most listed asset managers are looking unloved at the moment, typically for this point in the cycle. Their profits are a leveraged play on asset values -- when markets go up, both inflows and asset values rise, providing a double-barrelled boost to fee income. When markets fall, however, the opposite tends to happen.

Having said that, the 9.5% yield on offer here is still one of the highest in the sector. This suggests the market has concerns about either M&G's growth potential or the sustainability of its dividend.

In our view, the main risk is that the company's open businesses might not generate sufficient growth to offset the gradual run-off of the Heritage division. That could put the dividend at risk.

However, we're encouraged by progress made under departing CEO John Foley and feel that M&G's brand, scale, and improving asset performance provide a reasonable foundation for future growth.

Although the Income Boosters already holds another well-regarded asset manager, we feel the income available from this sector at present justifies additional exposure.

M&G has been added to the Income Boosters at 207p.

[jubberjim] 16/2/2023 08:00

Motley Fool buy recommendation allied to Deutsche Bank recommendation

That says for me to say regretfully because of the dividend to take my leave

Good luck those who remain

Enjoy

[gbh2] 13/2/2023 13:28

Dire share price performance yet again.

[2wild] 11/2/2023 20:01

£1.90 would be nice for a top up, but I suspect we will see 220p first. Final results due 9th March. Expecting 12.6p final dividend.

[eurofox] 10/2/2023 11:59

.. just a pile of margined-out spread-betters/CFD holders - 190p here we come

[adejuk] 10/2/2023 11:47

have I missed something?
3% drop

[cwa1] 10/2/2023 08:30

Yes, I know, I know-but simply for interest's sake:-

* M&G MNG.L : HSBC raises target price to 265p from 260p

[wynmck] 09/2/2023 18:50

thanks again all-- have printed that link off

[1jat] 09/2/2023 16:46

BTW there is no equivalent for Jackson shares as these are treated as a dividend…and taxed in full.

Also pasting https gets changed to hxxps, so need to correct in the browser.

[1jat] 09/2/2023 16:42

Wynmck, look at the Pru website, it has a statement from the demerger time saying what % MNG constituted…link below.

You have to create a separate cost pool for MNG allocating the % of cost price from the Pru pool at demerger….so the Pru cost per share will also reduce.


hxxps://www.prudentialplc.com/~/media/Files/P/Prudential-V13/content-pdf/demerger-of-mandgplc-base-cost-apportionment-uk-shareholders.pdf

[gbh2] 08/2/2023 17:43

Chronic share price performance imo.