M&g Share Discussion Threads

[pete160] 21/2/2024 18:54

As someone put on LSE earlier:

'Instead of using a third party forecasting site's guess (dividendmax) have a look at what M&G publish!

See hxxps://www.mandg.com/investors/shareholder-information/dividends .

According to M&G, dividend will be announced with results on 21 March 2024; ex-div on 28 March, record date on 2 April, payment date 9 May.'

[laurence llewelyn binliner] 21/2/2024 18:42

Results 21st March this year XD tbc, I was hoping it might drop back into post new ISA year 06.04.2024, but buying post ex dividend on the drop will help cost averages, MnG is a keeper for a decade at least, adjusted for dividends received the share will be for free by then or cost negative .. :o)

[scruff1] 21/2/2024 18:22

My average is under 170 and the ex divi drop always worries me but the bigger the drop the bigger the deposit going into in my account- cant have it both ways.

[gbh2] 21/2/2024 16:40

My ave is under 200p so the ex divi drop doesn't worry me.

[skinny] 21/2/2024 16:30

Yes, the financial calendar (link in the header) states 21st March.

[tornado12] 21/2/2024 16:16

I see on the website the FY results on 21/3. Where is it indicated 7/3 ?

[helen troy] 21/2/2024 15:57

There will be a substantial drop in the share price when it goes x-dStay cool,

[gbh2] 21/2/2024 15:43

07 Mar 2024 FINAL RESULTS
14 Mar 2024 EX DIVIDEND
25 Apr 2024 PAID

I'm hoping for +14p/share :)

[helen troy] 15/2/2024 23:36

Fair enough robbob. A bit of poetic licence perhaps. I stake my reputation on 13.4p at least. In roughly a months time.

[cjac39] 15/2/2024 19:43

principle…

[1robbob] 15/2/2024 18:02

Troy
Your statement re the dividend is not correct
....'A 13.4p divi is due within a month'

The Final dividend has not actually been announced yet and will not be until the results on 21st March
13.4p was in fact last years' Final Dividend, most of us are expecting an increase this year

Almost certainly not due 'within a month' either

[helen troy] 15/2/2024 15:51

In principal, I am too. Maybe moving on to the Tesco divi after this if I can nurse the drop in the xd SP

[lippy4] 15/2/2024 15:36

i am here for the divis..

[helen troy] 15/2/2024 15:29

Welcome lippy. Hopefully you signal the end of the understandable profit takers. My eye is on 230 before the next bout of profit taking understandably kicks in. A 13.4p divi is due within a month. GlA

[lippy4] 14/2/2024 08:49

bought in yesterday..

[skinny] 14/2/2024 07:28

GBP CPI y/y 4.0% 4.1% 4.0%

GBP Core CPI y/y 5.1% 5.2% 5.1%

[muscletrade] 13/2/2024 12:22

Analysts at Goldman Sachs initiated coverage on investment manager M&G with a 'buy' rating and 240.0p target price on Tuesday, stating it had "attractive growth, capital returns, and valuation".

Goldman Sachs noted that M&G operates three main segments - Asset Management, M&G Wealth, and Heritage. It said these were interconnected and, in its view, provide "attractive synergies".

"M&G is an asset manager with a large balance sheet which allows the firm to seed assets and helps to drive inflows, while also generating sufficient capital to cover its dividend and deleverage over time," said the analysts.

GS also highlighted that M&G trades on a 10.3% one-year average next twelve-month dividend yield, higher than the UK life peer average of 8.9%.

"This discount is unjustified in our view given M&G’s diversified business mix, the quality of PruFund, leverage reduction and capital-light growth potential," said Goldman.

[1robbob] 06/2/2024 17:10

>>it's getting into overbought/valued territory
>>the rsi is looking more balanced now

How do you calculate the above?

[gbh2] 02/2/2024 08:05

Me Too, I also bought them back on the first, the difference left me with a bit of spending money for the Holidays :)

[adejuk] 01/2/2024 13:35

i agree helen and imo it's getting into overbought/valued territory
when i can see the horizon more clearly i will re-evaluate
the rsi is looking more balanced now

[helen troy] 01/2/2024 13:28

A lot of punters, including me!, wished to take sizeable gains. Imo the share price will struggle to move on until these punters are exhausted. Shouldn't take too long, and the results and 13.4p divi on the horizon. GLA

[adejuk] 01/2/2024 13:17

sold my 50k at 226.6
waiting for further falls
good luck all lth - incl me !

[jonnybig] 01/2/2024 08:21

Sold at 231p, bought back at 222p. Thanks Mr Market! 😁