M&g Share Discussion Threads

[helen troy] 06/12/2023 16:46

Interesting auction close.

[helen troy] 06/12/2023 14:48

Not usually spawny. I usually shoot from the hip, and pick shares from gut instinct, like mngMore thought went into tsco. I have transferred a slice of mng into tsco already. The thought is how much do i transfer into tsco if they approach 220. Both have good dividends.

[spawny100] 06/12/2023 14:11

Do you do serious thinking much?

[helen troy] 06/12/2023 14:05

I'd have some serious thinking to do if we get anywhere near 220.

[helen troy] 06/12/2023 08:15

Back on track tufty. That was quick. ?

[tuftymatt] 04/12/2023 19:05

Yeah a bad final hour or so Helen but I remain positive.

While a push towards 220 would be very nice for all holders, as things stand, I have no plans to top slice if it got there as I am more than happy holding for the fantastic divi.

Good luck all 👍🏻

[helen troy] 04/12/2023 16:37

Didn't manage to hold the 210 tufti. We'll see what next week brings.

[jubberjim] 04/12/2023 15:53

Tik Tokking @A.W.con

[rongetsrich] 03/12/2023 19:33

lol, Spud that is funny!

[spud] 03/12/2023 19:29

I've had it on filter since the first burp. spud

[rongetsrich] 03/12/2023 18:56

Thing is, why broadcast when you filter? Just filter!

[rongetsrich] 03/12/2023 18:55

Helen, or John as he was called I think, is an interesting character. Nice and simple, then nice and confused. Belligerent and foolish, an imposter worth avoiding.

[petersinthemarket] 02/12/2023 12:35

I agree Helen - so I've filtered you too
for wasting too many column inches.

[helen troy] 02/12/2023 05:47

Use you filter Ron. Stop whingeing.

[rongetsrich] 01/12/2023 21:22

PHNX, MNG, AV. LGEN and a handful of ETFs March on.Be wary, the US dream economy is only that because of ever increasing debt.

[rongetsrich] 01/12/2023 21:20

Helen, apart from you, any basis for your empty posts?

[helen troy] 01/12/2023 16:22

Taking my next divi out as a capital gain 3 months early on a third of my holding. Transferring back into tesco cheaper than I exited with thanks to JPM. Good luck to all

[tuftymatt] 01/12/2023 15:25

Being a Friday the next hour is critical I think Helen in terms of the 210 hold.

If we can stay above it then it bodes well for next week and a creep towards 220.

Good luck all 👍🏻

[helen troy] 01/12/2023 15:23

Maybe starting to cement in the 210 base tufty but wdik?

[tuftymatt] 30/11/2023 09:32

A very positive write up you have found there Masurenguy 👍🏻

Good luck all 👍🏻

[laurence llewelyn binliner] 30/11/2023 09:23

Same here, but would prefer a visit back to 185 pence for those too.. :o)

[masurenguy] 30/11/2023 07:56

Should I buy M&G shares for the 9.8% dividend yield?

One of the attractions of owning FTSE 100 shares at the moment is some of the high yields on offer. Take asset manager M&G (LSE: MNG) as an example. It has a dividend yield close to 10%.

Sustaining the dividend

No dividend is ever guaranteed. That recognised, M&G does have a policy of aiming to maintain or increase its dividend each year. This year, for example, saw a 4.8% increase at the interim stage. Last year, the full-year dividend rose 7.1%. To keep growing (or even maintain) its dividend over the long run, the firm needs to continue generating enough cash. The company has proven its cash generation potential. Last year, not only did it pay out a chunky dividend, it also spent half a billion pounds buying back its own shares.

Set for growth

Can M&G keep generating sizeable free cash flows in future? It has a well-known brand, customer base stretching to millions of clients in several dozen markets and can benefit from ongoing high demand for asset management. So far this year, business has been strong. In the first half, the firm saw a net client inflow of funds (excluding its Heritage business) of £0.7bn. It generated over half a billion pounds of capital. Set against that, demand for financial services is high over the long run but can fluctuate. Choppy markets might lead investors to pull money from funds, for example, hurting revenues and profits for service providers like M&G.

Beyond the dividend

Despite the risks, I would be happy adding more M&G shares to my portfolio if I had spare cash to invest. I say ‘more’ because I already own shares in the FTSE 100 company. But while the dividend yield is certainly attractive at 9.8%, is that the only reason to own the shares? What about the prospects for capital growth? The track record here is unremarkable. The M&G share price has moved up 6% in the past year. Since it listed in 2019, the shares have lost 10% of their value. Past performance is not necessarily a guide to what may happen in future though. With a market capitalisation of £4.8bn, I consider the business to be attractively valued given its strengths. The long-term trend of a falling share price may continue. But I am hopeful the reverse will be the case and M&G shares rise in price over time.

I’d keep buying

I like the business, I like the valuation, I like the potential for capital growth and I certainly like the blockbuster dividend yield. So I plan to hold my M&G shares and look forward to hopefully receiving ongoing passive income streams from them. If I had spare cash to put to work in the stock market, I would be happy to buy more of the shares today.

[helen troy] 30/11/2023 04:46

The Motley Fool's latest thoughts on MNGhttps://www.fool.co.uk/2023/11/28/should-i-buy-shares-in-mg-for-the-9-8-dividend-yield/