M&g Share Discussion Threads

[fenners66] 03/4/2024 13:55:37

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.

[rongetsrich] 03/4/2024 13:41:00

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!

[pierre oreilly] 03/4/2024 12:39:10

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] 03/4/2024 11:51:45

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%).

[helen troy] 03/4/2024 11:19:38

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 ?

[uppompeii] 03/4/2024 11:13:01

3% divi and near it's high of the last 3 yrs...I'm not attracted.

[keyno] 03/4/2024 11:08:14

In the form of buybacks? They're all the rage.....

[helen troy] 03/4/2024 10:29:49

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.

[pierre oreilly] 03/4/2024 10:17:26

Fenners, by 'naysayers' do you mean the financial regulator and derivative platform suppliers?

[fenners66] 03/4/2024 09:52:56

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 ?

[pete160] 03/4/2024 08:23:26

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?

[skinny] 03/4/2024 07:46:16

Again, for info - the chart comparison of some shares that many of us /hold / watch :-

[luderitz] 03/4/2024 07:36:08

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.

[skinny] 03/4/2024 06:58:45

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.

[rongetsrich] 03/4/2024 06:52:33

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..

[fenners66] 02/4/2024 21:54:26

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 ?

[tuftymatt] 02/4/2024 20:23:38

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 👍🏻

[skinny] 02/4/2024 20:02:34

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.

[helen troy] 02/4/2024 16:35:57

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.

[laurence llewelyn binliner] 02/4/2024 16:09:41

Interesting share price move post XD, gapped down 13.2 pence as expected which it should and then kept going, 200 pence on the 8th would be ideal for ISA additions indeed .. :o)

[baldrick1] 02/4/2024 15:33:36

I heard rumours of 180p share price this month..cross fingers.

[adejuk] 02/4/2024 15:16:02

hope it rests here until 8th.

[rongetsrich] 02/4/2024 12:22:30

Let's hope so, but doubtful, this share is more likely to head north with great results and a solid plan.