M&g Share Discussion Threads

[gbh2] 09/3/2023 08:32

Good to see a bit of complaining move mng from 2nd to bottom to 2nd from Top :)

[phillis] 09/3/2023 08:32

Yes
A lot of stupid comments this morning

[willywonka12] 09/3/2023 08:32

Got in early at 205 p and topped up .I can't see why it was knocked down this mourning .got about 500 share at £1000.
Blue already

[eurofox] 09/3/2023 08:22

blue already - a few shorts being stiffed

[skinny] 09/3/2023 08:21

A nice turnaround from the day's low.

[tuftymatt] 09/3/2023 08:20

Year the takeover to me is becoming less likely but you never know with these things. Happy with the divi growth though and am hopeful we can push on past 220.

This is a great buy and hold just like LGEN and AV. in my opinion.

Good luck all 👍🏻

[gbh2] 09/3/2023 08:19

Takeover talk must be over, mng back near the bottom of my portfolio.

[scruff1] 09/3/2023 08:16

The early sellers will be less content than the early buyers by the end of the day IMO, Divi spurned to boot

[mister md] 09/3/2023 08:15

Thought I'd be paying more to buy them back to be honest ;-)
Not sure about takeover though, seems unlikely, but no issue as long as the bumper payouts continue.

[tuftymatt] 09/3/2023 08:12

Well played Mister MD 👍🏻

[mister md] 09/3/2023 08:10

Cheekily sold on Tues and repurchased today - often see 'sell on the news' whether good or bad RNS. Here for the dividends really.

[tourist2020] 09/3/2023 08:06

Apart from some net inflows and the dividend the rest is a bit of a pig´s ear. Looks like a takeover target to me!

[tuftymatt] 09/3/2023 08:03

Yeah a rough opening but lets hope it does what LGEN did yesterday and climb up during the day.

Took a few more and good luck all 👍🏻

[wllmherk] 09/3/2023 07:57

I suspect these will fall today, still, I'm here for the income and they keep paying out a generous dividend.

wllm :)

[marksp2011] 09/3/2023 07:55

@2wild

I think you made a mistake there :)

[2wild] 09/3/2023 07:46

If the yield of these falls to a modest 7% that would imply a share price of £2.80.

[skinny] 09/3/2023 07:41

Second interim dividend of 13.4 pence per share, in line with
our policy of stable or increasing dividends, with a total dividend
per share of 19.6 pence per share, up 7% year-on-year (2021: 18.3 pence per share)

[rik shaw] 09/3/2023 07:41

ex div 16/3 payable 27/4

[cfro] 09/3/2023 07:33

13.4p dividend.

[willywonka12] 09/3/2023 07:20

I will be topping when I get chance .

No take over talks

[unastubbs] 09/3/2023 07:17

abt the div increase i mean...good results in a difficult year. guess is the market will not like.

[unastubbs] 09/3/2023 07:16

2wild...more thank just a lucky guess I think!?

[skinny] 09/3/2023 07:01

Strong capital position underpins resilient financial performance


- Operating capital generation of GBP821 million (2021: GBP1,117
million) with improved underlying capital generation of GBP628
million (2021: GBP484 million) demonstrating the resilience of
our business model offset by a lower benefit from management
actions
- Shareholder Solvency II coverage ratio remained strong at 199%
(2021: 218%) which includes the impact of dividends, the share
buy-back (1) and the dilutive impact from the recognition of
deferred tax assets due to mark to market losses on our assets
- Adjusted operating profit (AOP) before tax of GBP529 million
(2021: GBP721 million), affected by GBP(172) million non-cash
items from duration mismatching losses in the annuity portfolio
and foreign exchange losses on our USD denominated subordinated
debt
- Assets under management and administration decreased by GBP28
billion to GBP342 billion (2021: GBP370 billion), predominantly
driven by adverse market movements
- IFRS loss after tax of GBP1,619 million (2021: GBP92 million
profit), impacted by non-cash losses in the fair value of the
surplus assets in our annuity portfolio and derivatives used
to hedge the Solvency II balance sheet caused by increasing yields
- Second interim dividend of 13.4 pence per share, in line with
our policy of stable or increasing dividends, with a total dividend
per share of 19.6 pence per share, up 7% year-on-year (2021:
18.3 pence per share)

Positive flows and improved investment performance despite adverse market conditions


- Positive net client flows excl. Heritage of GBP0.3 billion (2021:
GBP0.6 billion) despite significant market volatility
- Wholesale Asset Management returned to net client inflows for
the first time since 2018 of GBP0.5 billion (2021: GBP3.8 billion
outflows) reflecting the measures taken to improve investment
performance - 68% of Wholesale funds now in upper two performance
quartiles over one year (31 December 2021: 45%) (2)
- Net client inflows of GBP0.2 billion (2021: GBP1.4 billion outflows)
into Wealth driven by continued operational improvements and
a strong performance from PruFund
- Roll out of PruFund-type products in Europe progressing with
the launch of Future+ in Italy and Ireland

[unastubbs] 09/3/2023 01:30

yr an optimist! payout is already very generous so I'd bet on the buyback. debt reduction also needs to be considered. greetings from S. Thailand!

[2wild] 09/3/2023 01:12

Results out in a few hours time. May see a bumper increase in the final to 13.4p and £200 million buy-back. Or a smaller dividend increase and larger buyback.