M&g Share Discussion Threads

[helen troy] 02/1/2024 12:28

I don't think they have authority to buyback shares. Previous authority expired last May.

[helen troy] 02/1/2024 10:29

Good luck marksp. I'm waiting for the March divi and subsequent share price recovery.

[marksp2011] 02/1/2024 10:26

Sold 33% of my MNG holding. It has done well for me.

I have also sold 50% of LGEN, Aviva and PHNX

I have bought XDEQ an ETF tracking a global quality index and ISPE S&P 500 equal weight

The decision is based on total return.

[cjac39] 31/12/2023 13:50

For some unknown reason (to me at least) they’ve decided they have too much debt so will prob retire the 24 bond next year and maybe look at buying back another rather than shares.

[smurfy2001] 31/12/2023 11:48

The yield has me interested.

Any reason they have not done a buy back in 2023?

[skinny] 31/12/2023 10:05

A Happy, Healthy and Prosperous New Year to everyone.

[skinny] 22/12/2023 12:10

Yes, a Merry Christmas to all. 🎄 🥂

[tuftymatt] 22/12/2023 12:07

Nice to see a price rise and hold stance from Berenberg.

That said it's just a couple of percent up on the close of yesterday so not exactly a big call!!

Merry Christmas everyone and good luck all for 2024 👍🏻

[skinny] 22/12/2023 12:02

Don't get me started on Andrew Bailey.

Berenberg raises M&G price target to 225 (208) pence - 'hold'

[fenners66] 21/12/2023 00:24

"beginning to question the Bank’s credibility.”

Beginning ?
Anyone beginning to question needs their credibility questioning

[pj84] 20/12/2023 23:45

Some snippets from today’s article in the Telegraph

Bank of England risks economic self-harm as inflation tumbles

“The bigger than expected drop in November’s inflation figures is good news on the face of it.

But it comes with an edge: the Bank of England’s insistence on keeping interest rates higher for longer is looking more and more absurd, economists have warned. Unless policymakers change tack, Threadneedle Street risks needlessly tipping the economy into recession.”

...

“While the numbers are changing, the Bank’s messaging is not.”
...

“Since then, officials have doubled down on this message. At the last interest rate decision on December 14, Bailey warned that rates in the UK may actually need to rise again. Three members of the Monetary Policy Committee voted to put the Bank Rate up to 5.5pc.”

...

“There are already signs that the job market is rapidly losing steam. Upward pressure on pay is fading. A rise in redundancies last month triggered the biggest increase in job seekers since lockdown, according to data from the KPMG and REC jobs report.”

...

“Martin Beck, chief economic adviser to the EY Item Club.”

...

““Inflation is likely to continue to fall faster than the central bank predicted,” says Beck.”

...

“Recognising the gulf between official messaging and the data, investors and traders are beginning to question the Bank’s credibility.”

[pj84] 20/12/2023 20:58

An alternative view, that I posted yesterday on the HSBC thread before today's news and my view remains that AB and the BoE look like they want to repeat the mistake of being behind the curve on the way down just like they were on the way up.


Well worth a listen as it's only 6 minutes, so not too long.

[zho] 15/12/2023 11:31

Have faith in this mega dividend payer

A 10 per cent yield is normally a red flag – but not for this FTSE 100 name

[riverman77] 14/12/2023 22:00

No problem Metis - as Skinny says those RNS can be very confusing sometimes.

[skinny] 14/12/2023 20:37

metis20 - don't worry - the stock exchange couldn't make the holdings RNS any more confusing if they tried.

[metis20] 14/12/2023 20:19

Thanks riverman - I'm new to M&G - careless reading of the holdings RNS by me!

[riverman77] 14/12/2023 18:50

Regarding redundancies - not even close to getting them to the £250m target. Around 200 took part in the voluntary scheme - assuming 150k each then that would save about £30m. And obviously there are big one off costs with a redundancy programme, not to mention increased reliance on consultants/outsourcing to fill some of the gaps.

Re. SCS - not sure what you mean here? M&G hold/held SCS in their funds - SCS (a sofa company) are not reducing their stake in M&G which is what you seem to be getting at.

[metis20] 14/12/2023 18:40

SCS shedding has been holding this back.



Soon to be out completely?

[helen troy] 14/12/2023 17:39

Sorry. 200m

[helen troy] 14/12/2023 17:03

Mng target for cost savings of 250m per annum are largely achieved by redundancies already executed. Results should confirm.

[alan@bj] 14/12/2023 16:56

Investors' Chronicle "Idea of the Week". Their headline is, "Have faith in this mega dividend payer" and they summarise a fairly lengthy analysis with "Comparative valuations still favour M&G, whose earnings multiple of nine is slightly below that of L&G’s. At almost 10 per cent, the former’s dividend yield is also considerably better than the 8.2 per cent forecast for L&G. If M&G can meet its targets for cost control and does not take too much of a hit to its solvency ratio from higher interest rates, then arguably the potential for a higher rating is clear. The market environment is currently favourable, and the dividend is the most generous waiting payment that investors will find on the market, all of which means M&G presents a decent case to be taken seriously by investors."

[helen troy] 14/12/2023 14:33

A reminder for market players.Mng will pay a divi 12.4p+Goes x divi 16/3

[helen troy] 14/12/2023 13:01

Well done adjuk. The super super smart thing to have done was maybe buy them back after the fall. ??

[adejuk] 14/12/2023 12:05

rates held