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MNG M&g Plc

207.40
2.70 (1.32%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
M&g Plc LSE:MNG London Ordinary Share GB00BKFB1C65 ORD �0.05
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.70 1.32% 207.40 207.20 207.40 207.60 204.60 204.80 4,450,754 16:35:03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Life Insurance 10.63B 297M 0.1265 16.38 4.81B
M&g Plc is listed in the Life Insurance sector of the London Stock Exchange with ticker MNG. The last closing price for M&g was 204.70p. Over the last year, M&g shares have traded in a share price range of 182.85p to 241.10p.

M&g currently has 2,348,000,000 shares in issue. The market capitalisation of M&g is £4.81 billion. M&g has a price to earnings ratio (PE ratio) of 16.38.

M&g Share Discussion Threads

Showing 4326 to 4349 of 5075 messages
Chat Pages: Latest  179  178  177  176  175  174  173  172  171  170  169  168  Older
DateSubjectAuthorDiscuss
01/2/2024
08:21
Sold at 231p, bought back at 222p. Thanks Mr Market! 😁
jonnybig
01/2/2024
08:14
Me too. But I've bought them back today.
helen troy
31/1/2024
15:18
Looks like a bit of profit taking, can't blame anyone seeing as I took a few quid :)
gbh2
31/1/2024
11:16
Thanks 1jat - I had assumed (rightly or wrongly) that the platform was a major contributor to the losses.

We await something formal from the company.

skinny
31/1/2024
09:56
Skinny
What constitutes “wealth” in MNG is very different from other companies…..it includes revenues from all open products including the PruFunds business….personally I view that as part of the insurance business….strip that out and the wealth business makes considerable losses. (Aviva includes its corporate pensions auto-enrolment business which is a similarly dubious interpretation of wealth).

So for the diversified asset acquisition/managemnet groups like MNG, wealth is a management construct. It is likely the platform contributes most to the losses because it is sub-scale and has received significant investment to improve it…..they probably feel it cannot reach sufficient scale, and on a standalone basis will be loss making for some time…..
They may want to retain a platform for the advisor businesses to put their business onto, and that white labelling may be part of the sale transaction.

1jat
31/1/2024
07:19
.

"Citywire understands the sale process followed a strategic review of M&G’s wealth business, although it is only the platform which is going on the market. M&G Wealth, which includes a trio of advice networks and the adviser platform, recorded a £19m loss in the first half of 2023."

skinny
30/1/2024
21:55
https://citywire.com/new-model-adviser/news/exclusive-m-and-g-puts-15-5bn-platform-up-for-sale/a2434978
helen troy
30/1/2024
18:48
Looking forward to the results and new highs.
smurfy2001
30/1/2024
17:38
A bullish engulfing candle for those that follow such things.
skinny
30/1/2024
14:12
FWIW, the previous 2 years March XD dates :-
skinny
30/1/2024
14:01
Yes, impressed. I raised my sell price to 240.3, and could be out pre XD the roll into AV. Or LGEN, with my profits topping up TFIF.Loads of ways to skin a cat, post post XD and divi it seems to be dead money for 4/5 months.
rongetsrich
30/1/2024
13:41
Meanwhile, a 2+ year high earlier @229.30p
skinny
30/1/2024
13:37
Correct Helen, it is the Xdividend that’s been discussed. We just have no date, unless you do?
rongetsrich
30/1/2024
09:18
It's the xdivi date that was discussed
helen troy
30/1/2024
08:56
Dividendmax have the divi being paid 25 April. They're not always that accurate, but even when wrong it's usually only by a small margin.
rongetsrich
29/1/2024
15:20
Citywire is reporting that the M&G Wealth Platform (previously Ascentric purchased from Royal London form £86m in 2020) is on sale.

CJAC will be pleased they look like they are quitting a loss making business…..I assume they may still want a platform to distribute PruFunds to the wider market, so it may be more of a sale and leaseback type arrangement.

1jat
26/1/2024
10:24
I have watched with interest the robust share price here for the last 6 months with interest. With the healthy last reporting update, I believe FY results will be very promising. The fundamentals appear good moving forward and there’s always the TO chatter that could restart at any time GLA
tornado12
25/1/2024
21:30
I stand corrected on the x divi date. Due to the later results, it is approx 2 weeks later. Apols.
helen troy
25/1/2024
11:14
#Helen Troy, they have been the last 2 years yes, but the results are due 21.03.2024 and 2 weeks later this year, so the XD could drop back into April...
laurence llewelyn binliner
25/1/2024
11:01
For those that follow such things, the MACD is looking positive again.
skinny
25/1/2024
10:52
Isn't an xd day due in March? Looking at historical and dividend max?
helen troy
25/1/2024
10:23
#Masurenguy, with a bit of luck given the results here 21.03.2024, we can get to 06.04.2024 and new ISA top up day before the next XD, there was a 8 day lag in 22 from results to XD and a 7 day lag in 23 so it will be tight, with a bit of luck the BOD will be aware on the tax year end and ISA timetable.. :o)
laurence llewelyn binliner
25/1/2024
10:12
LLB - having sold my IGG shares this morning I'm looking to redeploy those funds elsewhere. A top up here is an option but I'll wait to see if there is any retrace on a bad market day before adding here.
masurenguy
25/1/2024
10:08
Yes this one has been one of my best performing investments recently.
luderitz
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