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MNG M&g Plc

209.20
2.10 (1.01%)
24 Jun 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
  2.10 1.01% 209.20 210.30 210.50 211.00 206.60 207.60 6,041,559 16:35:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Life Insurance 10.63B 297M 0.1265 16.63 4.94B
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 207.10p. Over the last year, M&g shares have traded in a share price range of 181.65p to 241.10p.

M&g currently has 2,348,000,000 shares in issue. The market capitalisation of M&g is £4.94 billion. M&g has a price to earnings ratio (PE ratio) of 16.63.

M&g Share Discussion Threads

Showing 4476 to 4499 of 5000 messages
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DateSubjectAuthorDiscuss
26/3/2024
10:49
I don't get this buying and selling over the divi dates. The divi payment is (obviously) completely financially neutral.So when are you supposed to buy and when sell near the xd date, and why?.Imo, not good enough saying it fell two days before last year, therefore it will again this year imv. (Past performance and all that).
pierre oreilly
26/3/2024
10:37
Drops on Thursday 28th on opening. If you're buying it's probably too late to make a gain now as it will definitely drop by at least the dividend first thing. Mind you, if you go long it's just a paper loss which will recover quite quickly if all the upgrades are onto something.
rongetsrich
26/3/2024
10:36
I'm just a PI so I recommend looking at the share price chart for the last five years and making your own assessment rather than taking my word for anything :)
gbh2
26/3/2024
10:31
Hi. I wonder if someone could answer this for me...If the xd date is the 28th (13.2p), are we expecting the share price to drop 2 days prior and 28th as well?So the share price is likely to be sub 220p if I'm reading the comments correctly?Thanks.
tyroneshares
26/3/2024
10:19
Looks like it's happening already, I'd have betted tomorrow, but something's causing the drop.
rongetsrich
26/3/2024
10:13
We'll see the traders sell off today & tomorrow after which the share price will take a few days to recover from ex dividend drop.
gbh2
26/3/2024
10:04
I disagree. Second time I’ve done this, first time I took the divi as sale profits, then bought back in ending up with a couple of dozen more shares than I had originally.
The beauty is that £1k was put to good use elsewhere whilst others waited for the divi to be paid.
This time I’ve done it on a larger scale. It’s worked for me, and this time it’s the final divi so we’ll see Thursday.
Is it worth it? Personal choice, and the nause factor of logging in and pressing a few buttons. This time it will be more lucrative.
Edit-It is a gamble, but with good odds.

rongetsrich
26/3/2024
09:42
FWIW :- Bank of America raises M&G price target to 250 (245) pence - 'buy'
skinny
26/3/2024
09:41
If you factor in the spread and stamp duty on the buyback then the gamble of that policy gets less enticing. If you need it for CGT or Dividend tax avoidance then fine but if your holding is ISAed anyway then no point.
wad collector
26/3/2024
09:30
Anyone else sold and now waiting pot a post divi buy in?
rongetsrich
22/3/2024
07:18
Phoenix obviously agree as this is their comment this morning

"Operating Cash Generation is our new primary cash metric, which is the sustainable level of annual surplus generation in our life companies, that is then remitted to our Group HoldCo. It comprises our ongoing surplus emergence (£0.8bn in 2023) and the recurring management actions (£0.3bn in 2023) which we expect to deliver every year into the long term.
· We expect to grow Operating Cash Generation by c.25% from £1.1bn in 2023 to £1.4bn in 2026, as we grow, optimise and enhance our business, after which it is expected to grow at a mid-single digit rate over the long term.
· The Board's confidence in the delivery of growing Operating Cash Generation supports the move to a new progressive and sustainable ordinary dividend policy".

muscletrade
22/3/2024
06:34
anything reliant on accounting metrics with insurers makes little sense in my view. their ability to pay returns to shareholders is reliant on capital generated under solvency2. similarly, the ifrs balance sheet also isnt a good representation of worth especially for cos like mng with large wp funds albeit ifrs17 does slightly better. i find that p/s2 book value adjusted for non real assets eg subdebt, tmtp regresses against fwd returns with decent correlation. tempered by ocg/cap invested and its even better.
cjac39
22/3/2024
06:17
@1robb.....I don't disagree with your observation. I use cash generation as primary metric in judging how the company is progressing or not . I also check other data.The company provides EPS figures in their finacial report, and if you set any store by them it provides a PE of 19.
muscletrade
22/3/2024
00:50
M&G grows its profits in boost for turnaround
masurenguy
21/3/2024
17:41
muscletrade
The problem with using a P/E ratio to evaluate Insurance Companies is
that no one knows what the real 'E' is !!!
I would urge the use of cash generation rather than mythical 'Earnings'

1robbob
21/3/2024
16:15
i increased to 30k today on the strength of the global upturn in the sutumn.
and the divi

adejuk
21/3/2024
14:42
Showing some green shoots of strengthening imho
helen troy
21/3/2024
14:39
You could buy back in now Ron cementing in your profit and getting the divi. You may also get an opportunity for a trade xdivi depending on how the market reacts. Wdik?
helen troy
21/3/2024
12:35
Yeah the two not voting to raise is key here.

The May meeting now suggesting a first cut.

Good luck all 👍🏻

tuftymatt
21/3/2024
12:10
GBP MPC Official Bank Rate Votes 0-1-8 0-1-8 2-1-6

GBP Official Bank Rate 5.25% 5.25% 5.25%

skinny
21/3/2024
11:56
It’s a gamble, only half completed.
The next bit is the buy back in bit, and at what price.
I need it back in the 220s post XD. I may get on, but have others if it holds above my price.

rongetsrich
21/3/2024
11:09
Well done Ron. You cab buy back at your leisure. I wasn't quick enough, but obviously happy.
helen troy
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.

muscletrade
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.

rongetsrich
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