M&g Share Discussion Threads

[cfro] 16/3/2023 17:32

Now could be a good time for Macquarie if they want to lay their offer out..

[jubberjim] 16/3/2023 17:27

Sold this morning 186 don t care snagged the dividend
Bought Aviva 210 will wait until 30/03 now for divi

Said it before will say it again

Disjointed market everybody important is at Cheltenham

Off now until Monday

Have a good weekend all

[gary1966] 16/3/2023 17:20

adejuk,

Just throwing it out there but is it really the central bankers fault? Businesses, small and large as well as individuals, have had years of artificially low interest rates, should and probably have made an awful lot of money. Should they have been building up a substantial rainy day fund, knowing that the not so good times always come? Should there be no acceptance or accountability of errors and decisions that have been made rather than always playing the blame game? Appreciate that me throwing these thoughts out there probably makes me a dinosaur but it really is very tiresome this blame culture world that we live in as well as one where everyone expects to be bailed out for mistakes that they have made and should take ownership of.

[skinny] 16/3/2023 14:33

Once the position falls under 0.5%, there is no obligation to report.

[skinny] 16/3/2023 14:28

Short position link added to the header.

[adejuk] 16/3/2023 14:11

looks as if a short has been opened

[nerdofsteel] 16/3/2023 13:58

Just like the Fed, the ECB is another central bank that was asleep at the wheel and started their rate hikes too late

[adejuk] 16/3/2023 13:43

the operation was a success but the patient died

[adejuk] 16/3/2023 13:38

ecb rates + 0.5
they don't give a second thought to little peeps who are struggling to survive
or small businessses which are going bankrupt at an alarming rate

[tuftymatt] 16/3/2023 13:29

Yeah it's been a crazy few weeks that's for sure.

I remember saying at 228 it's worth holding for the takeover news but I wish I had jumped ship now!! That's the game we play though and let's hope before too long we get the stability in global markets we are all looking for and can then make some fundamental trading decisions rather than the guessing game it's become right now.

[adejuk] 16/3/2023 13:22

off 15% in 5 days !!

[tuftymatt] 16/3/2023 13:17

50BPS by the ECB!!

[gbh2] 16/3/2023 13:16

The Bond market is only predictable after the event.

[adejuk] 16/3/2023 13:14

this is f'ing absurd

[kibes] 16/3/2023 11:46

The bond market crisis is so utterly predictable. If you buy bonds yielding 2.5% and the rate for new bonds goes up to 5% then the bonds you bought are only worth half what you paid for them. This simple fact seems to have escaped all fund managers who went in for bonds head over heels and now wonder where their money has gone.

[scruff1] 16/3/2023 10:59

I would imagine they all have some exposure to bond markets to some extent. I suppose its a matter of what rate, what term, how much and do they need the cash. It wouldnt have mattered much to SVB (in fact it wasnt a bad move when rates were so low) it was the run that forced them to cash in at poor rates - and boom

[gbh2] 16/3/2023 10:41

Very true,but recent events have proved selling more prolific than buying.

Someone's bound to point out that for every seller there's a buyer, which only proves they don't really understand the markets :)

[dope007] 16/3/2023 10:35

It's only a concern if they are forced to sell

[adejuk] 16/3/2023 10:24

gb
i don't know how to find out although i don't think bonds fit with their investment strategy

[gbh2] 16/3/2023 09:56

I've been seeking out the types of investments they're involved in, my concern is their exposure to the Bond market.

[skinny] 16/3/2023 09:53

10.65% at current price.

[scruff1] 16/3/2023 09:45

Dope
Pretty much everything is in the cross hairs of any fall out. Its amazing that banks with all the oversights that are supposed to be imposed and in place manage to still wangle their way into self inflicted crises. Its the modern whizz kid/fly boy get rich quick approach - a million miles away from where they built their reputation and the old adage that they will only lend you money if you can prove you dont need it. Croupiers would be more apt description than bankers

[brucie5] 16/3/2023 09:27

It paid a total dividend of 19.6p per share in 2022 “in line with our policy of stable or increasing dividends”. That’s up from 18.3p in 2021, an increase of 7.1%. It did so even though the yield was already huge.
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Now, presumably, with share price below 1.90 that yield has risen to >10%.