M&g Share Discussion Threads

[riverman77] 29/6/2024 11:38

I don't object to this at all - I did the same myself this year. It would just be nice if this thread could actually discuss the company, rather than timing of the xd date, which seems be the subject of every other post.

[gbh2] 24/6/2024 13:57

I appreciate that everyone's case is different, my limitation is my age, long term these days is 6 months :)

I use a Watch list of 50 companies and shift cash working with Limit trades, end of the day they either trigger or I'll adjust and do the same tomorrow.

Good Luck.

[martyre] 24/6/2024 11:35

Appreciate the explanation.My situation is a bit different. I have about £150,000 in my SIPP fully invested in shares, so hold for the dividends that I take as flexi drawdown.So, my trades tend to be in companies currently paying dividends far exceeding interest paid on cash.Aviva,M&G, HSBC and BP have been good to me.

[gbh2] 24/6/2024 11:24

martyre, too early to commit cash to it, I have no interest in the climb to the small dividend, I started buying back 11th June, 1K lots occasionally, up to next years ex divi date.

[skinny] 24/6/2024 11:23

Well done - calling the bottom is nigh on impossible - you could have bought @194.65 in mid April.

[martyre] 24/6/2024 11:19

Not really.Having sold out myself after the ex dividend date I bought back at under £2 as the 10% dividend yield was nothing short of ridiculous.

[martyre] 24/6/2024 10:54

Any reason why you didn't start buying when it was below £2 just a few weeks ago?

[gbh2] 24/6/2024 09:17

Works almost every time for me peters, in fact I've only recently started adding here after selling 21 March @ 240P.

[helen troy] 24/6/2024 09:12

Don't think it was me Pete. I keep the divis until paid. I'm in this for the interim and then the final. Should be 20p as I've said before.

[cjac39] 23/6/2024 21:00

some helpful things with mng. theyve gone further than expected albeit expected theyd do that with debt bb. made themselves c 10m buying it back cheap so whynt. personally im not remotely worried about their debt so long as cashflow ok. and btw ive checked and even with their crazy divi the cashflow looks solid. so this remains a 10% yielding stock but quite boring.

TO potential still live but diminishing

[action] 23/6/2024 17:05

Are you mixing up Prudential with M&G as former is far east concentrated

[petersinthemarket] 23/6/2024 16:58

>> Helen Troy - can I ask you a question? I seem to remember someone, possibly you, discussing a trading method of selling pre-xDiv day and buying back after xDiv day. Can you remind me how that works? Sorry if I've got the wrong person.
pete

[adejuk] 21/6/2024 14:53

i sold out some months ago for a good profit.
have been buying hard. now 20k
i am v bullish re asian recovery, 11% divi and cap growth in the next 2 years. putin permitting!
but he is f'ing crazy so wtfk?

[helen troy] 21/6/2024 08:51

The interim and the final divi add to just shy of 20p. I'm happy to leave my sizeable stake (for me) in for a year to collect both.

[pete160] 20/6/2024 16:50

Because they're less likely to be getting divorced ? :-)

[kimboy2] 20/6/2024 16:05

I always think that the wife of a director buying is the king of director buys.

[cfro] 20/6/2024 16:01

The Chair and his wife buying..

[helen troy] 15/6/2024 04:48

Plan to keep for the bumper final divi

[rongetsrich] 15/6/2024 01:14

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

[helen troy] 14/6/2024 11:14

Topped up my holding.

[pj84] 12/6/2024 07:54

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 06:40

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 19:45

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.