M&g Share Discussion Threads

[muscletrade] 21/3/2024 09:46

Certainly good to see a beat on expectations and the brief surge in share price

Not that surprised to see share price fall back a little to 234p as its PE is now quite high about 19. based on EPS of 12.4p (from the accounts).Also at peak share price this morning of 241p it exceeded the average of analysts expectations of a smidge under 238P.

There is room for some institutions to increase their price targets (for example Barclays are underweight at 205P) but I guess we need to be mindful of the PE.

like most on here I suppose Im here for the dividend and modest share price appreciation over time.
For me M&G have done exactly that to date so Im very pleased..

GLA.

[rongetsrich] 21/3/2024 09:44

I sold, Helen, like September. I’m gambling, but with the luck of a cat I got 240.3. I just need to resist buying back in for a week.
Time will tell lol, I took some flack last time I did this with my net result being maybe a couple of dozen extra shares on top of what the divi would have paid.
Good luck with your technique, it’s money.
Edited to show 240.3, not 140.3.

[helen troy] 21/3/2024 08:45

I stand corrected.

[feddie] 21/3/2024 08:37

#4447: The increase is 0.1p, not 1p. It represents a 0.51% increase.

[spawny100] 21/3/2024 08:32

Decent results and share price up? Wtf? Rarely seems to happen lately with any share. Would be nice to break ath into blue sky in coming weeks.

[wad collector] 21/3/2024 08:31

Yes and the market does seem to be liking them. Been a while since in the 240s. 4 yrs I see. Happy to hold...

[mister md] 21/3/2024 08:24

Nice set of results.

[smurfy2001] 21/3/2024 08:21

Very pleasing rise. Glad l tucked away in the ISA, mainly on yield.

[skinny] 21/3/2024 08:18

It is what it says on the tin :- "in line with our policy of stable or increasing dividends."

[helen troy] 21/3/2024 08:07

The interim divi increased by 3p, the second interim reduced by 2p,So total divi increased by 1p.They have paid part of it early in effect.

[tornado12] 21/3/2024 08:05

If they drop , I’m in like flint, but will certainly add during this year. They are a much better investment than the likes of ABRDN & PRU… long term bottom draw income unless they get brought out before GLA

[skinny] 21/3/2024 07:59

- The 2023 total ordinary dividend of 19.7 pence per share (2022: 19.6 pence per share) is in line with our policy of stable or increasing dividends. The second interim dividend of 13.2 pence per share is payable on 9 May 2024.

[tuftymatt] 21/3/2024 07:59

While the tiny cut in the divi isn't great I look at the share price growth from then to now and am ok with it. The yield is still very strong compared to many so hopefully, as mentioned earlier, once the dust settles it's onwards and upwards.

Good luck all 👍🏻

[rongetsrich] 21/3/2024 07:58

I guess the city mice will hammer this

[spud] 21/3/2024 07:58

Excellent results and I can't find anything negative tbh.Even the Market will like.spud

[gbh2] 21/3/2024 07:58

Dividend doesn't send the right signal, opening will be interesting.

[eigthwonder] 21/3/2024 07:57

That cut will cost more in capitalisation than in saves in cash. Misguided

[rongetsrich] 21/3/2024 07:57

The divi is reduced. This is not good.

[keyno] 21/3/2024 07:55

Divi lower than last year. Will Board be taking a corresponding small cut in their salaries?

[feddie] 21/3/2024 07:48

Second interim 13.2p vs. 13.4p last year. Even if the total is 0.1p higher, the interim visuals are not good.

[lord gnome] 21/3/2024 07:48

Pity about the cut in the final dividend. The cost of maintaining it at 13.4p would have been negligible.

[helen troy] 21/3/2024 07:42

Yes. Divi was 13.4 last March.

[tuftymatt] 21/3/2024 07:38

Yes onwards and upwards here in my opinion after no doubt a wobble on results / around the x divi date etc etc.

Get the divi banked and then during the summer hopefully see an effort to break 240.

Good luck all 👍🏻

[gbh2] 21/3/2024 07:36

Dividend 13.2p ex 28th March Paid 9th May

If memory serves correctly that's down on last March's dividend.