M&g Share Discussion Threads

[justiceforthemany] 01/3/2023 22:13

Now we know why the share price rose so much Friday. Nothing to do with Jupiter. I also think bid needs to be a nice round 300p.

[gurunostradamus] 01/3/2023 21:58

It seems that there is fire in that smoke, despite people putting rivers of water on it!

Agree with fenner66 that M&G’s dividends is such great value that even 50% premium is not good enough.

[spud] 01/3/2023 21:08

It'll end up at a circa 50% premium. As I guesstimated on Thursday, this would yield us a circa 300p take out bid (+/- 20p). Obviously, if we get competing bids from other interested parties then it could be well north of that estimate. spud

[fenners66] 01/3/2023 20:59

30% premium just over 3 years dividends and then the problem of finding somewhere else to earn that return and remain somewhat diversified - just not enough.

[cjac39] 01/3/2023 20:28

And the rest 1jat. They’ve got 16b sh annuities, another 9 in wp fund and 7 in p fund with massive surplus. Estate was valued at 9.7 at h1 22.

This could get very interesting when another large asset manager works out the cheapness here and asset mgr synergies

[1jat] 01/3/2023 20:13

Rothesay/PIC and Phoenix will be salivating at the thought of a willing (forced?) seller of £30bn of annuities and the WP fund with £6bn surplus.

[lord gnome] 01/3/2023 19:55

Now we need a counter bid from Schroeder and a big US fund manager to join the party. Game on!

[burbelly] 01/3/2023 19:50

30% premium, too cheap

[burbelly] 01/3/2023 19:47

hxxps://news.sky.com/story/australian-financial-titan-macquarie-plots-takeover-of-5bn-m-g-12823131

[cool runnings] 01/3/2023 19:18

(Bloomberg) -- Macquarie is mulling a takeover bid for M&G, Sky News' Mark Kleinman reports, without citing how it got the information. • Macquarie in early stages of exploring an approach, Sky sayso Valuation of any proposal is unclear• Macquarie has yet to make an approach to M&G's board, unidentified people told Sky News• Macquarie is being advised by Morgan Stanley; M&G to be advised on any offer by Goldman Sachs, Bank of America and Evercore• Macquarie and M&G declined to comment to Sky News

[skinny] 01/3/2023 11:10

6 month high @220.90p

[muscletrade] 01/3/2023 10:37

Undervalued before all this excitement and reports next week. looking forward to excellent capital generation figures.

[stun12] 01/3/2023 10:23

If it were a Yankee buyer casting its beady eye over MNG, wouldn't it have been a bit stronger in US time yesterday?

[cfro] 01/3/2023 10:12

Let's put it this way then, there's plenty of smoke but we will get any fire Lol..

[anhar] 01/3/2023 10:03

Spud: No smoke and all that.

In the case of bid rumours, that old saying is definitely untrue. I know from very lengthy experience that almost all come to nothing.

[fenners66] 01/3/2023 09:47

A company that can "afford" such a high dividend and buybacks has to be a target.
After all its a target for income investors so why not a larger investor - institution or competitor?

Brittania some years ago was paying a too good to be true dividend ... except it wasn't and it did not last
long before someone bought it.

I thought last year this might be a target - but I guess rising interest rates and uncertainty put that on hold.
If they think that interest rates are now more predictable , perhaps a bid is back in the frame?

[mister md] 01/3/2023 09:45

Then again, I'd be happy for this to remain listed and collect the huge dividends each year ... don't want everything being taken over by the USA and Chinese

[1jat] 01/3/2023 09:39

All companies routinely run the ruler over their competitors..and a few of these result in informal soundings and fewer progress…to firmer discussions at which point the market has to be informed.
Q is do we think MNG wants to be bought? With the new CEO in place probably not and it does make money and is well capitalised so there is no fire sale about to happen.
Does it have the firepower to take on others? The share buy back suggests they do for smaller deals, but would the shareholders agree to a larger deal or see it as value destructive for MNG?

My view is that MNG could be party to mergers where they are all share deals with low bid premium, this is to accelerate change / build scale and a more effective business.

[tuftymatt] 01/3/2023 09:25

Yeah agree that this is more than a rumour based on the share price action since 10am last Friday.

I may risk an average up buy at this rate!!

Good luck all 👍🏻

[spud] 01/3/2023 09:19

No smoke and all that.spud

[cfro] 01/3/2023 08:56

Rumours still circulating then, you would think there must be something or the other going on behind the scenes for it to be mentioned in the main press.

[unastubbs] 01/3/2023 05:34

From the Times Market Report today

M&G, the FTSE100 fund manager, was up strongly amid speculation of bid interest from a big American fund manager. The shares, which jumped 7% on Friday, rose 6 1/2p or 3.1% to 214 1/4p.

[2wild] 01/3/2023 00:49

Suspect we will see around 230p. Following results next week

[adejuk] 28/2/2023 15:01

it's rare to see an almost perfect elliott progression

[adejuk] 28/2/2023 14:40

i ker-chinged at 214.8