M&g Share Discussion Threads

[wad collector] 26/3/2024 09:41:48

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.

[rongetsrich] 26/3/2024 09:30:01

Anyone else sold and now waiting pot a post divi buy in?

[muscletrade] 22/3/2024 07:18:13

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".

[cjac39] 22/3/2024 06:34:27

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.

[muscletrade] 22/3/2024 06:17:28

@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.

[masurenguy] 22/3/2024 00:50:24

M&G grows its profits in boost for turnaround

[1robbob] 21/3/2024 17:41:06

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'

[adejuk] 21/3/2024 16:15:28

i increased to 30k today on the strength of the global upturn in the sutumn.
and the divi

[helen troy] 21/3/2024 14:42:21

Showing some green shoots of strengthening imho

[helen troy] 21/3/2024 14:39:53

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?

[tuftymatt] 21/3/2024 12:35:33

Yeah the two not voting to raise is key here.

The May meeting now suggesting a first cut.

Good luck all 👍🏻

[skinny] 21/3/2024 12:10:18

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%

[rongetsrich] 21/3/2024 11:56:57

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.

[helen troy] 21/3/2024 11:09:03

Well done Ron. You cab buy back at your leisure. I wasn't quick enough, but obviously happy.

[muscletrade] 21/3/2024 09:46:37

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 09:44:08

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 08:45:56

I stand corrected.

[feddie] 21/3/2024 08:37:42

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

[spawny100] 21/3/2024 08:32:58

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 08:31:05

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 08:24:17

Nice set of results.

[smurfy2001] 21/3/2024 08:21:35

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

[skinny] 21/3/2024 08:18:56

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

[helen troy] 21/3/2024 08:07:02

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.