M&g Share Discussion Threads

[cfro] 20/6/2024 15:01

The Chair and his wife buying..

[helen troy] 15/6/2024 03:48

Plan to keep for the bumper final divi

[rongetsrich] 15/6/2024 00:14

Nice one Helen. You going to sell a portion pre XD or just stick for the divi?

[helen troy] 14/6/2024 10:14

Topped up my holding.

[pj84] 12/6/2024 06:54

I suspect most holders would be satisfied with maintaining the dividend so the prospect of dividend growth should at some point see the shares rise along with the eventual reduction in interest rates.

[muscletrade] 12/6/2024 05:40

M&G’s plan for £450m of debt deleveraging to reduce its Solvency II leverage ratio to 30% by end-2025 is a positive, prudent step from management, analysts at Deutsche Bank suggest.

“Whilst the bears may use this to question the quantum of capital generation over the next 18 months, we believe M&G's cap-gen potential is robust over the next three years (evidenced by a strong target range),” the bank said.

“This should support dividend growth once the leverage target is achieved.”

Fund manager M&G trades on a 10% 2024e yield (vs UK life at 9%) notes Deutsche Bank.

'Buy' with a target of 240p is its investment view. The shares were down 0.9% at 201.2p.

[fenners66] 10/6/2024 18:45

Great to see what happens on a markets down day , when they announce debt and therefore interest cost reduction.
Shame the bulk was a lower rate but its all good.

Debt going down , share price going up - quite often the opposite to borrowing money to buy back shares - debt up , share price down.

[edmundshaw] 10/6/2024 17:43

Nice news on the deleveraging front today. I think cjac was expecting something like this, and Mr. Market seems mildly appreciative...

[unastubbs] 10/6/2024 08:25

Aviva shares fell 10.3p to 467.6p after analysts at JPMorgan removed their “overweight221; recommendation and gave the insurer a lower target price of 550p.

Wealth manager M&G moved the other way, up 1.4p to 199.7p after the same firm backed the shares to reach 250p.

[dosser50] 10/6/2024 07:05

Bought a few more at 1.98.

[rongetsrich] 09/6/2024 16:24

Tuftymatt, an excellent post! You do have to be in it to win it, hence I never totally sell up, a growing long position.Working the odds isn't straight forward, so play the game!!

[pete160] 09/6/2024 10:53

Perhaps then if a member of the Executive Committee stops buying each month, it means either they've run out of money, run out of confidence or takeover talks are underway?

Perhaps L&G's strategy update this next week is to buy M&G? :-)

[tuftymatt] 09/6/2024 08:11

Rongetsrich, I agree with what you say but the only reason I always hold here is for the potential of a takeover to rear it's head again.

A long shot I know but you never know what is around the corner.

Good luck all 👍🏻

[rongetsrich] 07/6/2024 13:08

It is definitely overdone, but from my 4 years of trading here, it is dead money in between dividends. The time to top up!!I started with a price not far off 250 in 2021, 10k shares. Took time and patience by I sold them without ever adding, at same price after many months. I have watched them, traded them and have even some in a long term investment. Once the hysteria of a Labour government abates it will be close to the interim dividend, in will come divi hunters and around the buoy we go again.I'd love to sit my backside and take the money, but with just a few clicks of a mouse this is an easy money maker!

[martyre] 07/6/2024 13:02

If following what a member of the M&G Group Executive Committee is doing, then YES, I am a lemming!

[martyre] 07/6/2024 13:00

In my case, it is a matter of averaging down as I hold for the dividends.So,my average price was £2.20 but is now down to £2.05.I will continue to add at below £2.05 to bring my average further down.With a 10% annual dividend yield I think the fall is overdone.

[rongetsrich] 07/6/2024 12:03

MARTYRE, do you have a price above which you won’t buy more? I will probably be finished buying by the time my price is reached, around 209/210. Arbitrary figures, but I see this worth 220, so I want to make a profit on the buy.
Thing is, I’m back to my dark thoughts again, of selling before the divi. Maybe just sell half this time.

[helen troy] 07/6/2024 11:44

Are you a lemming?

[martyre] 07/6/2024 09:48

Well, the M&G Chief Strategy and Transformation Officer Benoit Mace is buying £20,000 worth of shares every month under a recurring trading plan.Good enough signal for me to top up my holding.

[rongetsrich] 06/6/2024 22:33

Who is adding at the moment, and up to what price?I will finish off my buying at the start of July, I buy twice a month. I will have doubled my holding and have 2 months of a year funded by MNG. Nice powerhouse of a share, with bags of potential once the interest rate starts moving.

[modform] 03/6/2024 07:17

You seem to have completely missed the point. The 50m shares were placed after the results when share price was much higher, it took 2 months to work through them, hence the drop.

[unastubbs] 03/6/2024 05:14

"50 million shares were sold at 199"

also 50 million shares were bought at 199...

[modform] 02/6/2024 21:05

I may be wrong but this could be close to the bottom. It looks like 50 million shares were sold at 199.1, this was probably worked through since the results. There may still be some overhang which may take a bit longer to work through.

[rongetsrich] 01/6/2024 04:36

hxxpS://news.sky.com/story/superdry-wins-reprieve-as-mandg-drops-challenge-to-rescue-plan-13146111