M&g Share Discussion Threads

[rongetsrich] 26/3/2024 11:01

Nobody is asking you to get it, Pierre.I have said it's a gamble, but generally a share price will drop post divi, by the amount of that divi, do you see that?As for buying a week or so before said divi probably won't bag you that results rise. But imagine if you bought a while earlier!There's plenty of posts on how long before an XD is statistically most beneficial, but statistics can be wrong. Let's see!I'm banking on low 220s to have mad a good move, in the low 230s I'm still up plus my divi banked as profits.

[pierre oreilly] 26/3/2024 10:56

Tyron, I'm expecting for about 250 days of the year the price to bob up and down a few pence, more if there is any news. For the other 2 xd days, I'd expect the price to open first thing at the closing price minus the divi. Of course, seconds after the markdown at the open, the price will vary like any other day, up or down a few pence.

[pierre oreilly] 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).

[rongetsrich] 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.

[gbh2] 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 :)

[tyroneshares] 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.

[rongetsrich] 26/3/2024 10:19

Looks like it's happening already, I'd have betted tomorrow, but something's causing the drop.

[gbh2] 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.

[rongetsrich] 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.

[skinny] 26/3/2024 09:42

FWIW :- Bank of America raises M&G price target to 250 (245) pence - 'buy'

[wad collector] 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.

[rongetsrich] 26/3/2024 09:30

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

[muscletrade] 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".

[cjac39] 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.

[muscletrade] 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.

[masurenguy] 22/3/2024 00:50

M&G grows its profits in boost for turnaround

[1robbob] 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'

[adejuk] 21/3/2024 16:15

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

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?

[tuftymatt] 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 👍🏻

[skinny] 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%

[rongetsrich] 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.

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

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