M&g Share Discussion Threads

[1jat] 05/11/2024 13:24

I continue to hold here, I think advice led businesses will be net beneficiaries of the budget. MNG has an advice leg, but it is really a product wrapper and fund provider.

[rongetsrich] 05/11/2024 10:48

Funny how some plonkers have to say how many they've bought, almost like a boast!The credible posters mention if they have added or reduced. As per the post that followed Peter's.

[williams66] 05/11/2024 08:46

stock price is down 10% over five years, but the total shareholder return is 50% once you include the dividend. And that total return actually beats the market return of 27%.It might not be a loved stock but the fundamentals for investors return is there in the statistics.

[tornado12] 04/11/2024 10:13

Also I added further amount today. Good long term income player with potential of market consolidation in future. Planning to add further during next year.. GLA

[jubberjim] 31/10/2024 18:20

Stoic is a nice description under the circumstances but my nearest and dearest would use the term pig headed.

I got the nip way back with Tulloch and the debacle that was Aviva as it was.

Just glad this time round I stuck to my guns but did add Abdn today 11% couldn't not at the time.

Best of luck to you

We are going to need it

[spawny100] 31/10/2024 18:06

Well it certainly looks like your stoic patience in largely abstaining from investing in recent months and staying in cash is being rewarded currently Jim.

[jubberjim] 31/10/2024 17:40

Well balanced or not the market is in its own thrall and there is now the real possibility that this could hit 180

Market is getting into full on panic ala Truss / Kamikazes debacle


Just good to be still solvent but very few participants hence the fall

Confidence is shot to pieces.

Good luck

[tornado12] 31/10/2024 15:59

Looking to add further here as MNG has extremely well balanced portfolio both in and outside UK. I dont know how low this can go, as the wider financials are looking at the gilt market and how US election could influence future confidence.. Not easy to read (as usual)

[starpukka] 31/10/2024 13:40

Had a small holding here but added to it today @ around 1.95.

[2wild] 29/10/2024 18:58

Picked up a chunk at 196.45p this afternoon. Suspect we may get a relief rally tomorrow following the budget. Either way I can live with a 10% yield.

[tornado12] 29/10/2024 12:06

Moving into 10% divi range. We will see which way this and all UK financials react after grim reaper reeves budget tomorrow. Seems this useless government wants to spend its way without a clear benefit calculation. The road to destruction IMHO cannot wait to be put out of my misery !

[jubberjim] 29/10/2024 12:06

I wonder how Rachel Reeves is feeling ahead of the budget.

Don't think she will be feeling as much trepidation as most of us but she will be feeling some pressure.

Just hope she doesn't nause it and me up.

Off to Norfolk tomorrow early doors

Catch up later

[gbh2] 29/10/2024 10:00

The whole market is suffering Labour pains

[bbd2] 29/10/2024 08:36

Well that’s the 200 gone. Where next?

[yump] 24/10/2024 22:18

I think I’ll start the yump investmemt fund by taking all my mates’ money, investing it into all these 10% yielders and paying them 7%.

Kerching !

[jubberjim] 24/10/2024 17:52

Still hoping to get in below 188 and after the performance of Abdn after their update not going to change it (Got 3384 @ 146.85 there)

10% plus return not to be sneezed at hence Phnx on my shopping list also but very troubled markets ahead of budget and election in the states.

Tiny steps

Good luck everyone

[laurence llewelyn binliner] 24/10/2024 16:39

200 pence for c20 pence a year income is a bargain.. :o)

[its the oxman] 24/10/2024 13:51

Seems a bit of a bargain near 200p. Added a few today.

[isis] 20/10/2024 08:52

I think the US Hedge Funds see the UK as a short risk off against overvalued US Stocks, easy as we don't have nowhere near the interest. Even UK ISAs are mainly invested in US stocks.

[isis] 20/10/2024 08:30

Disagree. They should buy good value, proportionately so. Average P/E on UK stocks is less than half, Is that because they aren't good? or it is the money follows and makes them so?
To prove the point then why are so many UK Companies being bought out by other Overseas one's - not hard to work out eh?

[1jat] 17/10/2024 13:38

Rossi really parroted the Govt lines leading the stability.

M&G strategy is to built out the Asset Mgmt business outside the UK with new launches in the Gulf coming soon.
A large part of recent PruFund performance has been on the back of investing outside the UK - look at the Asset Allocation charts to see how the UK allocation has fallen.
I am sure MNG will gladly invest in the UK if it can get good returns, but as a potential client they should be investing for the best returns where they can find them and not favouring UK.

[skinny] 17/10/2024 11:06

6.60p dividend tomorrow.

[action] 16/10/2024 09:25

ABDN UP today. This will be reversing trend now...also int globally coming down including UK..

[theinquisitiveone] 15/10/2024 12:39

Or even sequitur possibly...

[adejuk] 15/10/2024 12:22

sequitor
sequestering is the labour party manifesto :-)