M&g Share Discussion Threads

[fenners66] 13/12/2023 21:14:27

Dow up 500 pts now

[fenners66] 13/12/2023 20:25:25

Dow up 400 points in no time....

[spawny100] 13/12/2023 20:08:24

DOW gone rocketing after hints of rate cuts in 2024.

[helen troy] 13/12/2023 01:29:59

The next divi is the larger of the two. Once it's secured I'll be looking to park my cash for 9 months. Probably Tesco and catch its bigger divi 2 months later than mng.

[skinny] 12/12/2023 16:38:59

6+ month high @218.00.

[spud] 12/12/2023 16:34:29

Nothing aside from riding the peaks and troughs taking the generous dividend twice yearly.

spud

[adejuk] 12/12/2023 16:04:24

what are peeps planning to do when/if it reaches 221?

[rongetsrich] 11/12/2023 21:44:22

Despite all the wishing, this does not look like an II take up. Too early to tell, PHNX has retraced a similar story recently.

[tuftymatt] 11/12/2023 20:49:45

Yes that push to 220 seems on before Christmas now.

That said watch it get stuck at 219!!

Good luck all 👍🏻

[spawny100] 11/12/2023 16:16:31

Nice. A proper decent breakout at last.

[skinny] 11/12/2023 12:46:35

9 month high earlier @215.70 on a down day (so far) for the market.

[dope007] 11/12/2023 12:35:34

$20 million is chicken feed

[pj84] 11/12/2023 11:36:59

"M&G’s $20m stake in bitcoin trading business ‘is stamp of approval’
Patrick Hosking, Financial Editor

M&G, the FTSE 100 insurer and fund management group, is investing $20 million in a business based in London that aims to become a major trading venue for hedge funds wanting to take leveraged bets on bitcoin.

The deal has been billed as a rare new commitment to cryptocurrency by a blue-chip asset manager since the FTX fraud, and a coup for London as it seeks to burnish its credentials as a welcoming venue for crypto-related firms.

The funding is part of a $30 million capital-raising by Global Futures and Options (GFO-X) which will see the launch of its first products, options and futures linked to the bitcoin price, in the first quarter of next year. M&G will have a nominee on the GFO-X board.

The investment is through M&G’s Prudential-branded with-profits fund, meaning that hundreds of thousands of policyholders will have an indirect stake in the business.

..."



I am not a fan of bitcoin so not sure whether it is good or bad but the fact it is through the the with-profits fund seems to indicate the risk is with the policy holders.

[helen troy] 11/12/2023 09:22:24

It's a platform it's investing in. Not in bitcoin.

[helen troy] 11/12/2023 08:49:15

https://www.coindesk.com/business/2023/12/11/asset-manager-mg-invests-20m-in-uk-based-crypto-platform-gfo-x/

[cjac39] 11/12/2023 08:05:30

Beggars belief. Even if in the unlikely outcome it’s sensible, why on earth would you think it’s reasonable in a life fund.

[muscletrade] 11/12/2023 07:55:22

30m$ investment reported on the newswires rather than 20m$. Not sure which figure I prefer.

[cjac39] 11/12/2023 07:47:25

meanwhile our good friends are investing the wp policyholders money wisely…

M&G’s $20m stake in bitcoin trading business ‘is stamp of approval’ from the times.

[skinny] 11/12/2023 07:37:47

I take it you mean "muppet in the room" :-)

[hedgefundkick] 10/12/2023 18:12:19

Ron, aren’t you the one who corrects spelling, in a similar smug way as well!
However, skinny, it’s versus its! Also you have failed to use a comma as well.
Chaps, let’s not try and be the smart one, there is money to be made now and a working team is better than a dirty dozen.
If you don’t comprehend that, perhaps the muppet in the room is you. lol.

[skinny] 10/12/2023 10:51:52

With an eye on potential interest rate direction, some of the shares that many on here follow and their current indicated yields.



PHNX 10.21%
M&G 9.21%
AV. 7.22%
LGEN 8.04%.

[rongetsrich] 10/12/2023 09:25:10

Thanks for the info..

What you meant to say, I’m sure, is “sum up” -not “some up”, yes? Spelling versus grammar, we digress!

I look forward to further interactions on the site.

[skinny] 10/12/2023 08:58:46

Its not a threat otherwise you wouldn't still be posting - its a pointer to the irony of your post.

The filter button is for noise, the moderate button is for personal snipes and worse.

I hope you can play within the very loose guidelines as too many threads on the site have descended into chaos.

Thanks.

For info its "sum up - not "some up".