M&g Share Discussion Threads

[dope007] 28/10/2020 21:22

That's what becomes of being a poodle to the socialist ideal state the EU

[deadly] 28/10/2020 21:18

"......the UK, what has happened to it, 3rd world."

Yes of course that's what comes of a little Britain policy with Brexit.

[porsche1945] 28/10/2020 21:05

Bought a few, not a bad entry, have to wonder if this is a bolt on takeover for a bigger player, its cheap and sterling worth next to nothing against euro and dollar For a foreign buyer, its a half price company. Everything else getting bought up for peanuts at the mo as the US and China carve the world up between them, the UK, what has happened to it, 3rd world.

[stun12] 27/10/2020 15:59

SLA is similarly blessed today. Both are looking rather yieldy down here...

[2wild] 27/10/2020 14:06

Added at 158.2p this morning on 11.3% yield. Almost paid 166 yesterday, although only paid 149 a few weeks ago. Seems like market manipulation.

[wtacraig1] 27/10/2020 12:44

Financials support transferring to banks following up beat results for BARC, HSBC & US banks

[archy147] 27/10/2020 12:43

My only idea is it’s looking like a good opportunity for a top up

[dolores123] 27/10/2020 11:54

Any news about today's drop

[phillis] 30/9/2020 10:22

Ching ching!

[porsche1945] 29/9/2020 18:35

@fenner66
Is it your day off from the adult learning centre? No i am quoting depreciation over last decade and since the brexit fiasco started. Sterling is a trashed currency, yes it has gone from 1.19 to 1.27 over last 8 weeks, big deal. It is still pitiful and still weak and if there is a hard brexit it will head to parity. The U.K. has no wealth creation becos it has productivity on a Victorian level and has had since 2010 juiced by the referendum (next to no investment). The country, and its currency, best days are behind them. You are an idiot by the way.

[encarter] 25/9/2020 19:53

Seems easy to me. Just sat here watching judge Judy.

[farmers son] 25/9/2020 12:35

shame it's not quite such easy money this time :)

[farmers son] 22/9/2020 18:40

It's all sub-debt so should be on a higher yield, but it counts towards its Own Funds, increasing the solvency ratio but at the same time increasing its leverage ratio.
Needs to be longer term debt as within 5 years of maturity its use as capital starts to erode through amortisation, so will need to be refinanced.

[frazboy] 22/9/2020 18:01

2wild,



Slide 45. Debt is around £3.3bn. Only the most recently issued debt is 'cheap'. I'm no expert in financing for companies like these, but I'm assuming the call date is the earliest date they can refinance, so they're stuck with relatively high debt servicing costs for now (around £180m a year).

[2wild] 22/9/2020 01:40

Does anyone know the interest rate an expiry days of the company's debt

[fenners66] 21/9/2020 17:37

porsche1945 I guess you can read just decided not to bother
so I'll repeat the post


"fenners66
17 Aug '20 - 10:42 - 358 of 364 Edit

Trashed currency ?
£ up about 10% vs $ in the last few months....

Or does the FX rate vs the worlds reserve currency not count ?"

No ambiguity there the £ was up vs the worlds reserve currency in the last few months...

Perhaps you would prefer to quote the decline in the £ vs the $ since the 19th century that would be about as relevant as some of the rest of your post.....

[porsche1945] 19/9/2020 19:14

@fenners66

Sterling is no longer a reserve currency.

Er a 10pc rise against the dollar?? 2007 2.04 dollars to the pound, today 1.29 (if a hard lunatic brexit probably heading to parity) Before self harming loser brexit vote in 2016 it was 1.53.

UK is heading one way, the U bend. I take it you are a knuckle dragger/gammon. Brexit muppet?

[encarter] 16/9/2020 17:00

Not quite a newbie but it's all easy money.

[diggybee] 16/9/2020 08:32

Magic darts

[cl0ckw0rk0range] 15/9/2020 23:07

Newbie investors think it's all easy money

[wynmallen] 15/9/2020 18:34

Why easy money and why 20%

[encarter] 15/9/2020 09:59

Time to get back in for a quick 20% profit. Easy money.

[fenners66] 17/8/2020 10:42

Trashed currency ?
£ up about 10% vs $ in the last few months....

Or does the FX rate vs the worlds reserve currency not count ?