M&g Share Discussion Threads

[boozey] 09/11/2020 21:56

Thanks for that insight 2wild. Have only held since about May and have been adding since. This share is for the long-term, I hope! Lots of room for further growth and an excellent yield.

[boozey] 09/11/2020 19:12

But 2wild still 45p below the flotation price - or 75p below the start of the crash. Let's hope we have a floor under the price now after today's vaccine news and if Brexit happens I reckon we could have another day like today to get us to 6500 on the FTSE100. Here is hoping so!

[2wild] 09/11/2020 16:58

Up 18.1p 11.4% on the day. More than the annual dividend. Lovely jubbly.

[2wild] 09/11/2020 13:04

Markets up 5% on positive vaccine news. You can still pick these up on a yield above 10%. Don't be surprised if the yield is 6%, giving a share price of 300p by this time next year.

[garycook] 09/11/2020 02:16

Boozey,Good post.I agree with your views.Also holding SLA.In time MNG will be 250p,and may even be a take over target.

[maxplus2] 08/11/2020 14:29

Thank you for your input

[maxplus2] 08/11/2020 11:51

HelloThank you. The way I see it is that cash is king at the moment. Buying shares now and wait till till the dividend date is a risk. The share price can fluctuate. That is why I was asking whether to invest now or wait when the time comes nearer the dividend date

[2wild] 08/11/2020 04:59

Cheers maxplis2, have corrected. Agree explanation re XD date in principal, although in practice the share price will tend to start rising following confirmation on results day and overshoot a few days before xd date and fall by more in the following few weeks. This is more pronounced the higher the yield. When you overlay relevant news and market sentiment & volatility, any effect maybe lost in the noise.

[cassini] 07/11/2020 22:55

maxplus2,

I'm not 100% sure this is what you're asking, but regarding buying a share just before the XD date: in a perfect world the price of a share that pays a dividend will fall the day the share goes XD, by the same amount as the dividend, so there is no particular advantage to buying just before the XD date.

As a simplified example, a share with a 5% annual dividend that is priced at 100p the day before going XD. would fall to 95p the day it goes XD because it is promising to pay out 5p in the £ of its value to shareholders who were invested the day before the XD day. You still have 100p in total. Then as the year progresses the share price would gradually rise in anticipation of the next dividend until by the next XD day a year later it is back up to 100p again. Rinse, wash, repeat.

[2wild] 07/11/2020 21:07

Solvency ratio is assets divided by liabilities expressed as a percentage. Below 100% is very bad and below 110 is worrying. Over 140% is good, over 160% is excellent and over 200 is excessive. I expect the 2020 final dividend due to be announced early March 2021, will be at least 12p. I think the annual 18p which will be covered by around 2 x 2020 earnings,
is sustainable for the medium to long-term and as such the shares are real bargain below 180 which gives a yield above 10%. A 6% yield would see 300p share price. Other opinions are available. The market seems to have a realdowner on these, being obsessed with high growth stocks.

[maxplus2] 07/11/2020 13:18

I read the interim results. Are you able to answer?What does it meant by Shareholder Solvency II coverage ratio of 164%? Is 164% good?

[deanowls] 07/11/2020 10:35

Max. Some honest advice, research investing if your buying for a possible xd date of April.

But the company on fundamentals and your own circumstances.

[maxplus2] 07/11/2020 09:48

Is it a better strategy to buy shares before XD in April to qualify for dividend?

[garycook] 07/11/2020 01:54

m2,Yes Final XD Apr 21/Paid May 21.MNG state that the Interim dividend of 6p paid Sep 20,is a third of the total FY dividend,which would make the Final dividend 12p,for Apr/May 21,by my calculations.

[maxplus2] 07/11/2020 00:10

According to M&G'scwebdite interimbwas paid out in September 2020. Are you referring to 2021?

[gary1966] 06/11/2020 14:37

Message seemed to be that interim would be half the final and so I to am expecting 18p for the full year.

[maxplus2] 06/11/2020 14:23

Is it not the case 2020 dividend was paid out in September. The next one is in 2021

[diggybee] 06/11/2020 11:01

That is what I am hoping for.

[garycook] 06/11/2020 10:49

What are MNG investor,s expecting for the Final dividend in May.I believe 12p,to go with the 6p Interim.Anyone else got views ?

[cl0ckw0rk0range] 02/11/2020 23:34

Agreed. TO target.

[luderitz] 28/10/2020 21:45

I blame Skinny 😅

[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.