M&g Share Discussion Threads

[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)

[masurenguy] 25/1/2024 09:36

Steady progress here with the shareprice up by 20% over the past 4 months. With the dividend at circa 10% on my cost price it's a good package !

[helen troy] 25/1/2024 09:01

It's strengthened well. My next target is to get enough pennies in the bank to cover the 13.4p x divi drop on 16 March. :-) So 225p x divi would be very nice. Good luck all.

[helen troy] 19/1/2024 13:47

I don't deal on margin, so I can afford to wait. :-)

[gurunostradamus] 19/1/2024 11:36

IMHO the correction isn’t over yet, possibly more to come next week.

[helen troy] 18/1/2024 20:44

There was quite a drop in the share price a few days ago when the inflation rate nudged up. Largely recovered. Highlights the danger of dealing on margin.

[rongetsrich] 16/1/2024 08:50

Some of the wisest words you've ever typed.

[rongetsrich] 13/1/2024 13:14

A tasty final dividend of 7-8p, on a stock that typically or always yields less than 4 per cent!
Actually I’d flit to Aviva if ever I was to be so random.
Helen, what do Aviva pay for a final, and what’s the average yield? Asking for all that tune in for your helpful tips…

[helen troy] 12/1/2024 18:45

Pete, maybe I have given a dilettante impression. Excuse me. Let me correct I am all in on MNG at the moment. When the divi is paid in March and the share has recovered from x divi I MAY go substantially, or all in, to Tsco, which has a tasty final divi. Good luck. My theory is shares generally recover the x divi drop.Not a strategy for the faint hearted, btw. :-)

[pete160] 12/1/2024 18:07

Thanks Helen, I appreciate that, more highlighting that the volume today was nearly 3x the recent daily averages.

I thought from your previous comments that you flitted in and out of shares like these, based around dividends?

[helen troy] 12/1/2024 17:26

It's a long game, Pete. Chill, quality will out. :-)

[pete160] 12/1/2024 16:01

Sizable volume for mng today (12mil against a normal average of 5mil) and yet unfortunately little positive movement on the price.

[stevetmade1] 08/1/2024 21:27

https://uk.finance.yahoo.com/news/dividend-giant-best-bargain-ftse-093452486.html

[riverman77] 08/1/2024 12:51

The fund management side of the business is starting to do well after a few drab years - looks like good performance across the board and seeing some good inflows. That probably explains the good share price performance.

[tornado12] 08/1/2024 12:38

I have quite a lot of these and have been impressed with the steady share price in last few months compared to their peers. This makes me wonder what is in the background to support current valuation ? Hoping for positive FY results and divi increase +5% GLA