M&g Share Discussion Threads

[skinny] 09/9/2024 10:32

FWIW :- RBC raises M&G price target to 220 (215) pence - 'sector perform'

[jubberjim] 09/9/2024 07:50

It will shore up investor confidence but I am thinking along the lines of damage limitation as was expecting dividend increase in line with Aviva Lgen.If the dividend had been maintained at the same level in these markets and the lack of confidence currently on show it would not have gone down well. Is a calculated gamble in my opinion. Any increase in the dividend is welcome but to come in with an increase of 1.5 percent does not instill the same confidence in me hence I will look to buy if it gets to 180 area.

But is merely my opinion

Best of luck to you all

[spud] 09/9/2024 07:45

Smurfy, because he's simply talking his own book!spud

[helen troy] 09/9/2024 06:44

I take the minimum divi increase as management confidence in maintaining the divi.

[jubberjim] 09/9/2024 05:04

They did indeed increase the dividend but was an in my opinion a very paltry increase.

The meat on the bones hopefully will come with the full results but I think the same of a lot of shares.We will have to await full year results for the likes of Aviva Lgen and their ilk.

I think we might have a torrid few months ahead of us so for the sake of a few pence prefer to take a small profit and stay solvent in case of any further disturbances in the field.
Keep well

[smurfy2001] 09/9/2024 00:42

Why is it wobbly they just increased it..

[pander45] 08/9/2024 22:48

Yep, spot on. Dividend wobbly here I think.

[cfro] 08/9/2024 16:36

I thought it very interesting in the main presentation and the q&a at the end that the CEO emphasised quite strongly that they fully expect fund inflows in the second half as opposed to the fund outflows in H1.

I am hearing a lot of noise about a forthcoming market crash from traders and market commentators alike and if that were to transpire then of course M&G would see further fund outflows but they are expecting quite the opposite which suggests no crash.

One group has to be right here but i would place my bets on the M&G management...

[xtrmntr] 07/9/2024 05:11

Interim results for hybrid life insurer and asset manager M&G (MNG) contained the usual baffling application of IFRS 17 accounting measures, which showed a variance in reported profits of £119mn compared with the firm's own performance measures. However, the headlines, on what was a generally downbeat day for the markets were dominated by the continued outflows in M&G's core operating units, which totalled approximately £1.5bn, prompting the company to make a renewed effort to find cost savings.Despite this continued weakness, robust market prices meant that total assets under management and administration (AUMA) were £2.6bn higher than at the start of the year at £346bn. However, the combination of higher interest rates and the attractive deals on fixed income meant that both institutional and private clients pulled money from the fund and wealth management parts of the business.Wealth experienced net outflows of £0.9bn, while the asset management business, which is made up of two different parts, reported a net outflow of £0.5bn. Overall, this meant adjusted group operating profits were £375mn, compared with £390mn at this point last year.M&G's limited exposure to the bulk purchase annuities (BPA) market was also a problem. While the company has re-entered the BPA market with some smaller deals – management described these as "vanilla" – the de-risking of pension schemes moves potential capital away from the group's asset management division. With the overall pension transfer market booming, M&G finds itself effectively on the wrong end of the trade, although chief executive Andrea Rossi wants to correct this. Management clearly felt that a response was needed and so upgraded a couple of key performance targets for the year ahead. The company has increased its operating capital generation target from £2.5bn to £2.7bn by the end of 2024 and has boosted its cost savings target from £200mn to £220mn by the end of next year. Management could also point to lower restructuring costs of £29mn (2023:£74mn) as the company's cost-saving programme matures, while managed costs were 4 per cent lower.Still, the company expects that flows into PruFund, M&G's multi-asset investment platform, will be affected by interest rates and customer preference for annuities into the second half. Management intends to merge PruFund into the life business to generate synergies, according to Rossi.M&G is still attractively priced at a forward consensus price/earnings ratio of 9, which is the second-best value in the sector, according to FactSet data. The 10 per cent dividend yield also has obvious attractions for income investors, but the possibility of being stuck in a value trap is currently high. Hold.

[rongetsrich] 06/9/2024 22:59

Many don't do macro or micro analysis. The difference between proactive and reactive is quite alarming. It's like the Robin Williams film Awakenings. Phallus is a great example. Then there's Woodhead, who most have filtered.

[jubberjim] 06/9/2024 20:13

I find it hard to believe that in all the tumult going on across the world that investors are blindly/blithely ignoring

Budget 30 October followed closely by USA presidential election barely a week later on November 5

There just might be fireworks between then and now

Something to bear in mind

[rongetsrich] 06/9/2024 17:57

Thing is lab, there are plenty of professors here that big up the paltry 1.5 per cent increase in divi, when it's below inflation. The phallus was a gift to me, and off he trumped.I see the share went down again, seems it will be me and Jim that buy at 200 or below. We'll be the non-believer lepers!!

[spawny100] 06/9/2024 16:53

Decent writeup here.

[jubberjim] 06/9/2024 16:24

Why is this still trading up here

All things being equal this should be 180

FOMO to the fore

Will catch up with itself

IT is that bad that i think Abdn at these levels is a better bet and have placed my bids accordingly

Sun still beating down here in Brancaster but the price of a pint is ruinously expensive

Have a good weekend all

[lab305] 06/9/2024 15:54

cfro I sold out completely Wednesday and Thursday. 2.16 and 2.095 approx. I feel much better for it ! No use owning high div stocks if your capital is disappearing. See DEC . Historic high dividend , share price disaster. I thought the results very poor despite the spin, so left.

[rongetsrich] 06/9/2024 14:26

I do, I post quite often about it!

[topbun] 06/9/2024 14:18

Do you hold any MNG Ron?

[rongetsrich] 06/9/2024 14:16

Clapping hands. Folks, Phallus is not the investor you should want to be! He is obviously clueless about how many holdings he has, and cannot spell. Actuall is not a word, and he questioned my maths!!!! He's a distraction and what I suspect is an Investment Walt.
Back onto the subject matter now...

[phillis] 06/9/2024 14:15

I post only on the fifty or so stocks I hold(edit: actuall 44)
Filtered

[rongetsrich] 06/9/2024 13:57

Phallus lol, I just don’t post sunshine when it’s cloudy, you mean!
You simply failed my maths lesson and now, whilst still posting zip of relevance, you continue to tantrum.
Filter me, it’s not personal.
I do post on subject, yet your posting history is that of a thread drifter and poster of nothing related to whichever stock.
Live your life.

[phillis] 06/9/2024 11:41

You post too much
Have a rest

[rongetsrich] 06/9/2024 11:35

You totally have the correct figure, 10%. That is not is paying now though, is it on a falling price stock.
Say it was roughly 3 per cent now and 6 per cent later, are there shares that modulate at that percentage throughout the year?
The analysts and brokers with their valuations are never correct, but that’s day 1 investing stuff, nobody believes them but they want it to happen.
Price has not done anything like the stream of analysts 'rising prices', yet there are some that talk that nonsense day in and day out. £2 is a fair price to buy in at, until this CEO has managed to actually make money.
CEO of LGEN was up front with his dividend policy, and LGEN are growing...

[jubberjim] 06/9/2024 11:22

I am going to miss the rest of the afternoon

Another sunny day up here by the coast and the wife wants a picnic

Hopefully it will entail a couple of pints

No matter looks like there is a lot being put on these NFP's so will wish everybody all the best

Don't miss my sagaciousness too much.

Luck

[action] 06/9/2024 11:15

203p on card b4 exd