M&g Share Discussion Threads

[helen troy] 01/2/2024 08:14

Me too. But I've bought them back today.

[gbh2] 31/1/2024 15:18

Looks like a bit of profit taking, can't blame anyone seeing as I took a few quid :)

[skinny] 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.

[1jat] 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.

[skinny] 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."

[helen troy] 30/1/2024 21:55

https://citywire.com/new-model-adviser/news/exclusive-m-and-g-puts-15-5bn-platform-up-for-sale/a2434978

[smurfy2001] 30/1/2024 18:48

Looking forward to the results and new highs.

[skinny] 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 :-

[rongetsrich] 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.

[skinny] 30/1/2024 13:41

Meanwhile, a 2+ year high earlier @229.30p

[rongetsrich] 30/1/2024 13:37

Correct Helen, it is the Xdividend that’s been discussed. We just have no date, unless you do?

[helen troy] 30/1/2024 09:18

It's the xdivi date that was discussed

[rongetsrich] 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.

[1jat] 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.

[tornado12] 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

[helen troy] 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.

[laurence llewelyn binliner] 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...

[skinny] 25/1/2024 11:01

For those that follow such things, the MACD is looking positive again.

[helen troy] 25/1/2024 10:52

Isn't an xd day due in March? Looking at historical and dividend max?

[laurence llewelyn binliner] 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)

[masurenguy] 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.

[luderitz] 25/1/2024 10:08

Yes this one has been one of my best performing investments recently.

[laurence llewelyn binliner] 25/1/2024 10:04

#Masurenguy, a similar average here, and was hoping the share would come back for topping up as we head into results 21.03.2024 and the next XD in April, but I can see this being the new floor for a while now up until inflation comes back and the rates outlook heads towards a cut, then we will be on for the next leg up..

It is a hold and add from me for the yield.. :o)