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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 4501 to 4524 of 5000 messages
Chat Pages: Latest  188  187  186  185  184  183  182  181  180  179  178  177  Older
DateSubjectAuthorDiscuss
27/3/2024
10:26
I may jump in, a price in mind.
rongetsrich
27/3/2024
10:09
Not me anyone else?
luderitz
27/3/2024
10:08
Anyone lined up to buy tomorrow?
rongetsrich
27/3/2024
10:06
As it is high dividend it will reach its yearly high if int rates come down this year.
action
26/3/2024
17:16
Stun, I keep the figures simple, so deal in 1000 blocks of shares. 1p movement per block is £10, so easy and quick maths.
rongetsrich
26/3/2024
16:28
Some good options in the posts above around different ways to make money around ex-dividend day.

A matter of what feels comfortable for you.

luderitz
26/3/2024
16:25
One other point to add, whilst the share is solid fundamentally it will then be mute until the next trading update. If you hold your money is dead, so IF the interim is anything to go by traders will be moving on and the share is essentially a plain Jane. I will set a price tomorrow evening for a Limit buy on Thursday, the price will be cheeky, and I may then cancel it when I'm at work and can monitor it.
rongetsrich
26/3/2024
16:23
Rong, it wouldn't be dead money. There is a record date the day before ex-div. If you owned them on that day, you get the dividend. You can sell on XD day and still be entitled to it. The only thing which is 'dead' about it is the amount of the divi itself. At 13p odd, unless you have 10s of thousands of these, it's not going to make a lot of difference.
stun12
26/3/2024
15:46
Or how about sell, make a profit and then buy back when it drops by the amount of the dividend?This isn't rocket science, it's another way to make money, but not be sat on dead money til 8 May.
rongetsrich
26/3/2024
15:42
in my experience the case where it can make sense to sell before exdiv is if there is withholding tax to pay on the dividend. E.g DEC or TGA.
spawny100
26/3/2024
15:33
tyroneshares.

Here’s the direct answer to your question.

1. The dividend amount is taken out of the share price first thing on ex dividend day. So if the dividend is 13.8p the share price will be marked down by that amount.

2. What happens after that on ex dividend day and days after that depends on the usual things like investors buying or selling.



3. So after that initial share price mark down on ex dividend day the share price could continue to fall if there’s more selling than buying, or rise straight away and sometimes make up and more, all the initial ex dividend mark down.

4. There is NO additional mark down 2 days later.

kenmitch
26/3/2024
15:31
1jat - yeah, agreed there may be some tax benefit of taking divis or capital gains. But, I'm not sure how many here are above any allowances for those, bearing in mind they've had plenty of time to get the bulk of their portfolio sheltered from tax. (Most need just one year to get all their portfolio into isas imv).

Tyrone - I don't see anything beyond the ordinary in today's drop, they go up and down most days. I think the price driver is institutional trades (and pis are irrelevant) and certainly some of those may be offloading some if their bonuses are paid on a tax year basis and, as you say, take the profit from the recent rise.. Churn is always good for the City, imv it's how they pay the million quid bonuses. Sell today, buy back in a couple of weeks, that works for the city, but stats ahow trading like that doesn't work for pis where 80% who try it lose their gambling pot. (The regulator orders derivative platform suppliers to inform potential new customers of the rate of success of their existing traders, and it's usually about 20% v 80% who lose. Fortunately advfn has all the 20% and none of the 80%.).

pierre oreilly
26/3/2024
14:27
Thanks for the replies.I think today's pullback and if one again tomorrow might be because of profit taking due to the gradual recent rise and end of tax year. Thursdays drop obviously expected being xd.Might be worth adding if drops below 220p maybe.
tyroneshares
26/3/2024
14:18
How about you do it in an ISA/ SIPP? Where tax is not a consideration, CGT is not a consideration and you end up with more shares than you started with PLUS the dividend in your hand right now and not in May? Tricks and short cuts.
rongetsrich
26/3/2024
14:15
Scruff, if a £3.99 x 2 is a deal breaker fair enough. The 0.5 per cent stamp duty is a minor consideration, but then you would be a mug for not working all of this out before dealing.The point is, after tomorrow we are not sat til May to get that dividend, and whoever does it ends up with several hundred pounds to buy more shares.This is an easy trading stock, one that even a mug can trade, if they know what they are doing.Many ways to skin a cat, it's all profit.
rongetsrich
26/3/2024
14:09
When your trading fee is £3 it's no "mugs game" however if you like dead money most of the year round, then invest and forget :)
gbh2
26/3/2024
13:49
It could work post tax… for GIA assets.
Keeping the divi and taxed at 40% vs capital gain (after costs) taxed at 20%.
As the share price can easily move by 20% of the divi on the day, it is a gamble.

But this does not work for ISAs or SIPPs which is where most PIs will be protecting their assets from the tax man. Here it is just a timing thing…the divi is money out of the market for 6-8 weeks and you might be better off vs costs by being in the market that is a short term trade

1jat
26/3/2024
13:40
Everyone to their own but playing the divi is imo a mugs game - 2 sets of trading fees, the spread, the stamp duty and the possibility of losing out anyway if there is a quick return of the share price If you picked the stock because you thought it had potential then patience and confidence in your choice would seem a better option. Different thing if you think the divi is a bit of a decoy
scruff1
26/3/2024
11:59
Pierre, fwiw I've traded xd dates successfully for years, however if you don't get it how, best leave it alone.

PS This nowt to do with anything "rong" ID posts, because I've had that ID Filtered for ages.

gbh2
26/3/2024
11:43
Park it. Rong !!lol CWA dressed you down for nam calling, people can read for themselves.
rongetsrich
26/3/2024
11:21
Just trying to see how you think there's money to be made over the divi dates. I thought discussions were the idea of these bbs?

To me, trading over xd dates is exactly the same as trading any other dates, since going xd is financially neutral (you get the divi but the price opens the divi amount less).

For anyone reading, rong is being disingenuous saying i 'misbehaved' on another thread .

pierre oreilly
26/3/2024
11:13
Park it Pierre, I sense you're about to kick off and misbehave like you did on the LGEN board.
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.
rongetsrich
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
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