M&g Share Discussion Threads

[eigthwonder] 04/1/2024 15:12:19

I think M&G would rather win BPA business off the corporate backer rather than buy a competitor’s cast offs

[makinbuks] 04/1/2024 14:57:08

Lloyds would want a full price, what's in it for MNG? Different for a corporate treasurer just looking to get something off his balance sheet that has nothing to do with the business he's running

[helen troy] 04/1/2024 14:23:25

https://news.bloomberglaw.com/mergers-and-acquisitions/lloyds-said-to-explore-sale-of-scottish-widows-bulk-annuities

[cjac39] 04/1/2024 14:12:32

Where did you read that 1jat?

[1jat] 04/1/2024 13:45:42

Lloyds is selling a £6bn block of bulk annuities…..will that be attractive to MNG? It might be an easier way of growing the book than bidding for many £500m blocks over several years.

[fenners66] 02/1/2024 18:09:22

cjac39 - management with the brains to reduce debt ? And not jump on the BB bandwagon ?
Excellent
maybe I should get some more...

[helen troy] 02/1/2024 14:36:13

https://www.mandg.com/investors/shareholder-information/share-buyback-programme#:~:text=Purchases%20of%20the%20Company's%20Ordinary,the%20Buyback%20will%20be%20cancelled.Sorry, buyback authority ended March 2023

[helen troy] 02/1/2024 12:28:36

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

[helen troy] 02/1/2024 10:29:52

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

[marksp2011] 02/1/2024 10:26:23

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 13:50:04

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 11:48:02

The yield has me interested.

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

[skinny] 31/12/2023 10:05:19

A Happy, Healthy and Prosperous New Year to everyone.

[skinny] 22/12/2023 12:10:38

Yes, a Merry Christmas to all. 🎄 🥂

[tuftymatt] 22/12/2023 12:07:20

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 12:02:12

Don't get me started on Andrew Bailey.

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

[fenners66] 21/12/2023 00:24:22

"beginning to question the Bank’s credibility.”

Beginning ?
Anyone beginning to question needs their credibility questioning

[pj84] 20/12/2023 23:45:05

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 20:58:25

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 11:31:53

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 22:00:31

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

[skinny] 14/12/2023 20:37:31

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