M&g Share Discussion Threads

[jubberjim] 28/5/2020 16:11

Sold out of these yesterday at 140 level
Little bit concerned as to whether investors are able to access the property funds which were gated a few months ago
Don t know if this is still the case. Pleased that they stood by their word and paid the promised dividend.
Happy to take the dividend and wait and see what transpires before deciding to invest again.
Think I will sit it out now and concentrate on trying to dig myself out of a few holes I have got myself into
GLA

[diggybee] 28/5/2020 09:11

Still on a c 10% yield too.

[fenners66] 28/5/2020 08:45

No news but a sudden jump this morning ?

[zammo_1] 28/5/2020 06:49

I can’t share my view FG? What are shorting and so you don’t want people to post their own opinions?

[financeguru] 28/5/2020 06:05

so what is your point zammo? if that is what you think , do it

[zammo_1] 27/5/2020 19:24

I thinking about buying more as I think these should be closer to £2

[financeguru] 27/5/2020 14:27

looks like the septics are waking up

[bashor] 27/5/2020 08:48

Solid investment from here for the long term now they’ve woken up

[diggybee] 27/5/2020 08:34

2 more days before it lands on the doormat!But if all this liquidity continues to bout markets these things should be above 2.

[johnthornleigh3] 27/5/2020 08:27

Well done to M&G for paying their dividend. No doubt the regulator was in their face trying to stop them paying it

[milliethedog] 27/5/2020 08:27

Missed these at 109....bad mistake
Thought £1 was on cards
Dash!
Well done those who bought

[rik shaw] 27/5/2020 08:00

Trading update and re-conformation of dividend

[financeguru] 18/5/2020 15:11

much needed

[mister md] 18/5/2020 14:57

up 7.5% today, not bad, not bad at all ...

[diggybee] 18/5/2020 09:00

If this months dividend were to be cancelled we would already know about it. 100% it will be paid. And a £1.12 it's a >10% yield going forward with an off chance off doubling your money in a couple of years too!

[doubleorquits] 17/5/2020 13:40

FWIW
I don't think the dividend payment is a major issue personally. The Prudential (of which MNG were part until the spin-off) paid their dividend on Friday and the statement by MNG earlier did imply payment would be honoured as rik shaw outlines above. Indeed, I agree with his first point - "it was promised" as part of the separation terms

I think the more pressing issue for now is whether MNG will be able to maintain its FTSE100 status at the beginning of June as a failure to do this will, IMO, lead to more pressure on the share price. This could conceivably be part of the problem with the fall in share price at the moment.

Just me thinking out loud.

[rik shaw] 17/5/2020 12:49

In terms of the dividend.
1) it was promised at the time of separation from PRU.
2) it is set out in the Annual Report published just after the PRA letter in early April
3) it is not subject to a vote at the AGM (as an aside, PHNX shareholders have just voted 98.5% for their dividend to be paid)
Therefore the only reason the dividend could possibly be cancelled now would be an outright ban by the PRA, which hopefully won't happen.

[lindowcross] 17/5/2020 07:49

Will the price go down if the dividend is cancelled? Any purchaser after 17th April is not entitled to the dividend, so purchase decisions since then will have been made without taking it into account. But if the dividend is cancelled purchasers will know the £400m otherwise going to third parties will remain in the company. Hence the company will be more valuable relative to the current share price. Perhaps it would go up in value? I suspect the market is so manic, jumpy and nervous at the moment that in fact anything could happen were the dividend to be cancelled.

[churchill2] 16/5/2020 14:41

Thanks for that Stevie.

I found it a very informative read. Obviously to Schroder Income the payment of the dividend is paramount.

I feel that the difference in share performance between M&G and Prudential is quite marked.

Since the demerger in October M&G is down 50% while Prudential has fallen 18% ignoring the 20p dividend paid yesterday. Although operating in different parts of the World I need to make some adjustment for this disconnect.

[stevie blunder] 16/5/2020 13:35

Just a straw in the wind, bur Schroder Income Growth investment trust announced their half year results this which contained this :



"We established a new position in UK life assurance and fund management company M&G, where the share price had fallen to extremely low levels and where the dividend yield in our view is affordable and likely to be paid."

Hopefully they are right.

[churchill2] 15/5/2020 20:52

Its all about the dividends. Are they going to be paid at the end of the month or not.

As at the approximate price this morning 116p if the dividend is cancelled the share price goes down 10-15p. If that happens the Company will have £400 million to play with and it is likely the sellers will turn buyers.

If the dividend is paid 109 at the current price plus 15 equals 124p which looks a lot better.

Thats my theory.

[milliethedog] 15/5/2020 16:42

Speaking for myself i'm waiting to go long @ £1.
With a 'bounce' back to these levels for a trade.
BT did the same for me. £1; out @108 for +£800
Having said that if MNG turned into a med term hold i'd be ok with that too @£1
Be very lucky to get there but patience is the thing..

Good weekend all

Millie

[its the oxman] 15/5/2020 16:29

Opportunity ?

[archy147] 15/5/2020 16:18

Only news today i can find is this and its postive ??

Fitch Affirms M&G's IFS Rating at 'AA-'; Outlook Stable

M&G's pro-forma Fitch's Prism Factor-Based Capital Model (Prism FBM) score remains 'Extremely Strong' under our rating-case assumptions. Our assessment of M&G's capital strength is reinforced by a strong shareholder Solvency II (S2) capital coverage ratio of 176% at end-2019.

hxxps://www.fitchratings.com/research/insurance/fitch-affirms-m-g-ifs-rating-at-aa-outlook-stable-15-05-2020

[archy147] 15/5/2020 16:07

Guys what is going on here, it's done nothing but tank since i bought last week, whatever the FTSE is doing??