M&g Share Discussion Threads

[adejuk] 14/12/2023 09:21

i was conflicted but followed my rule and sold the spike today.

[skinny] 14/12/2023 08:51

Yes - eyes down @12 O'clock.

[tuftymatt] 14/12/2023 08:45

No but I kind of think it's done that due to the FED yesterday.

Happy to see it happen though and let's hope AB doesn't say anything too negative today to knock it back down to sub 220. He won't be as dovish as Powell though that's for sure!!

Good luck all 👍🏻

[fenners66] 13/12/2023 21:14

Dow up 500 pts now

[fenners66] 13/12/2023 20:25

Dow up 400 points in no time....

[spawny100] 13/12/2023 20:08

DOW gone rocketing after hints of rate cuts in 2024.

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

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

6+ month high @218.00.

[spud] 12/12/2023 16:34

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

spud

[adejuk] 12/12/2023 16:04

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

[rongetsrich] 11/12/2023 21:44

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

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

Nice. A proper decent breakout at last.

[skinny] 11/12/2023 12:46

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

[dope007] 11/12/2023 12:35

$20 million is chicken feed

[pj84] 11/12/2023 11:36

"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

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

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

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

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

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

[cjac39] 11/12/2023 07:47

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

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