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MNG M&g Plc

-1.90 (-0.92%)
17 May 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
  -1.90 -0.92% 205.50 206.50 206.60 208.10 206.00 207.00 5,726,599 16:35:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Life Insurance 10.63B 297M 0.1265 16.33 4.85B
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 207.40p. 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 £4.85 billion. M&g has a price to earnings ratio (PE ratio) of 16.33.

M&g Share Discussion Threads

Showing 4651 to 4673 of 4950 messages
Chat Pages: 198  197  196  195  194  193  192  191  190  189  188  187  Older
The way I see it is if you want to buy a high yielder, a good time to buy which puts the odds slightly more in your favour is around xd time (matters not whether just before or just after xd) The reason for this is that valuations are more based on p/e and other ratios based on the price compared to the cash a company holds. So getting rid of cash in the form of divis lowers the p/e and other valuation ratios (especially for high divi payers since the xd price drop is more). If the p/e before the xd was say 8, then after the xd with the price drop is 7, then in the weeks and months ahead the price will return to the previous p/e of 8 (by the price rising) since that was the established p/e which institutions previously though fair. All this relies on 'all other things being equal' (which they never are of course), hence why it just increases the chances of making a profit.
pierre oreilly
But I haven't been claiming anything about my bank balance, so why should I provide evidence of it? It's not a matter of believing or not believing - it's just a matter of supplying evidence to back up what you've posted in vague terms, and to see the reason you bought and sold at those times. We're all here to learn.
pierre oreilly
Fenners, don't get me wrong, this is the only share I've done this on (twice now). It fed my Aviva habit this time, which will yield after the 11th. Will I do it on the interim? I don't think so, I'll be drawing a decent divi as income later this year.
It seems shorties are working their way down to 180-200p
Well said Ron.
If they dont believe - so what no skin off your nose.

If you had merely proposed the "idea" as a test and run the numbers and found out it worked - that would have been great too as these boards are about trying to find a way to make money.

As you said , different ways to skin a cat.

I think the idea has to be situational . Must work better with hi-yielders as largely they will not suddenly get a growth story going to foil the share price reduction. Now must look at some of the others to test the hypothesis.

Of course a company announcing a buyback - which may give a short term boost to demand - probably needs to be avoided.

Happy to do so Irish Pete, once you have collated and posted your bank statements for me to peruse!I couldn't care less if you suspect foul play or BS, I cannot see anything to be gained from making stuff up. DYOR!
Would you be prepared to tell us exactly (time and date) you bought and sold and bought and sold rong? The vagueness is quite odd. The reason why you bought and sold at that time would be appreciated too.On a horse betting site, anyone wanting to state what and how much they've backed had to supply a photo of the betting slip, just so everyone didn't pick the winner after it had won.
pierre oreilly
Helen, what don't you understand, why they've plagued this board or how buyback xd is supposed to work? I understand neither!

I must have had loads of cash returned to shareholders from chunks of businesses being sold off. I'm not sure I've ever profited from it, with the price dropping by the special divi amount in all cases. The price of the business and the cash generated is always priced in (as you'd expect).

I wish I could find a magic money tree around divis/special divis/sell off of chunks of a business, but I cant. I'm really beginning to think there is no magic money tree!

The other point about corporate action around banks (Virgin, tesco, leeds pibs etc etc) seems like we're at a point where takeovers are likely, and banking shares, and those related, seem a good bet for takeover (say 10% as opposed to 1%).

pierre oreilly
I'm not advocating anybody to buy. Just may be of interest to the sell and buy back x divi afficiandos that have plagued this board recently and the reasoning I don't understand ?
helen troy
3% divi and near it's high of the last 3 yrs...I'm not attracted.
In the form of buybacks? They're all the rage.....
Tesco reports next Wednesday and the final divi last year was over 9p. It may be substantially more this year as they have sold their bank and will be returning the cash to shareholders sometime.
helen troy
Fenners, by 'naysayers' do you mean the financial regulator and derivative platform suppliers?
pierre oreilly
Ron - I was not trying to "mark your homework" merely an impartial observation that any naysayers could not disagree with.

The share price fall yesterday was a really profitable point to buy back (as I said at the start I had the benefit of hindsight before reading the method)

So I guess what I am trying to work out - was there a predictable reason after the xd of the final div for the share price to continue to fall ?

You may have referred to a post xd vacuum - no dividend to wait for , no news , pre new tax year so no catalyst to move the share price higher?

Whereas there are always reasons for some to sell.

Are there more shares out there , paying a large dividend with a gap before next report / xd allowing reinvestment of the engineered early dividend enabling a compounding across the year ?

Thanks Skinny, of those I think it's only mng which has gone xd so far ( the dividend pence not being reflected on the chart), so perhaps the others will head the same way in due course?
Again, for info - the chart comparison of some shares that many of us /hold / watch :-
Roughly this time last year I note the share price dived around 40p so hopefully a similar lowering of share price will allow me to buy in and profit with an acceptable profit.
More downside generally likely today with the futures currently -30.

For info, the 1 week high is 235.30p, yesterday's low was 213.30p xd was 28th March.

Thanks for attempting to mark my homework Fenners.You are absolutely correct, though, hindsight trumps foresight every single time. Yes, I should have mortgaged my house during Covid and bought MNG.I bought in too early, but same again I didn't foresee a run on the share, but it appears nobody here did either, or they're the ones that don't share.My end result, after my 3.99 fees and stamp duty was I trumped the dividend by 1.19 X divi, and ended up with an extra 224 shares. Had I waited til yesterday pm, then I would be pleased.I use II, which conducts its free regular saving deals today, I'm not sitting on my hands, I have a pension dividend to grow.I may do the same later in the moth with the free trade they give us per month... onwards and upwards..
Well I have just caught up with nearly 200 posts - so have seen the play out with hindsight of the sell pre xd or not.

For a lot of people holding these are about divs - unless there is a bid no one is expecting a sudden meteoric rise or raft of broker recommendations - unless the share price falls first of course.

So back to the idea of selling pre xd.
What was going to be the catalyst to take the share price higher later ?
There are always some who have to / want to sell.

Next results, next run up to xd - perhaps selling first and buying back - as at say today's lower point - works better when its a high yield share with no imminent growth catalyst.

Had Ron bought back at the low today then a more profitable move , the next question is what to invest that dividend in and do the same again before everyone else collects the divi ?

I think you are right skinny. Lock in a capital gain for example before the rate gets cut in a few days time.

I think a pullback is healthy now ahead of another leg up so took some more today and will add again too next week in the new tax year.

Good luck all 👍🏻

Highest volume of the YTD so far today.

You have to wonder with the high yielding shares - how much of the selling is end of year tax tidying.

Yes, the MMs are playing a strategy imho. I'm just staying put, but it's a long time to the next big divi. Dead money somebody called it.
helen troy
Chat Pages: 198  197  196  195  194  193  192  191  190  189  188  187  Older

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