The ha ha was for 375 by the way the two dots. I at least thought it was witty. Nothing else intended. |
The 5 year growth history of the dividend is not much to go on, but it is a solid start, dividends are not guaranteed of course but anything over 10 pence for the FY is good income with LGEN, PHNX for a 3 way sector split here so not fully dependent on a single PF contributor.. |
Ok, I’m cautious but holding. The Times mentions LGEN as an interesting prospect for a take over. Around a year ago MNG was, does anyone think MNG is off the menu now? The last results were disappointing, profits and growth were down. |
19th March and we will find out, 13.2 pence to beat for the FY, but if it is held that is also just fine.. :o) |
If I thought there was even the slightest chance of the dividend being unaffordable, I'd have cashed up long ago.spud |
If you take a look at the free cash flow MNG is generating, you will find that they should have no difficulty whatsoever in paying dividends. |
Disregarding our scruffy, where is the next dividend coming from, without borrowing?!! |
A month since Mister MD added @187p - again - well done! |
238 pence on the run up to XD last year, then 196 pence bottom 2 weeks after, nothing to say it will repeat this year, but it will be interesting nonetheless, I will just take the dividend and watch.. :o)
Spinning off 10% is a cracking dividend, will it be maintained this year, 13.2 pence to beat.. |
It stands to reason it will rise before the XD date, I sometimes trade around it. I have some I want rid off from the interim, when I didn’t sell.
Spot on with the divi, it’s unsustainable at this yield. |
If the dividend gets cut to match the 0.75 cover this share has the potential to tank and become cheap meat for an American activist/ hedge fund. I am not convinced this is a hold. |
chart is very similar to last year's. |
When is private credit going to have a problem…..it seems ripe for it to create a financial crisis….all that higher yield debt sloshing about the system cannot end well when there is a recession. |
I added a few today on expectations of good results next month. GLA |
MNG gets a mention in this dividend play article:
M&G Ordinary Shares MNG shares have traded not far either side of 200p for the past four years. That level of consistency and a commitment to the dividend, which many doubted could be sustained, has made the asset manager a fixture in this portfolio since 2021. Because it delivers, it’s impossible not to keep M&G and its prospective dividend yield of 10.2% in the portfolio for a fifth year. |
M&G to ramp up private credit expansion after latest buy
The purchase of a Swedish credit specialist is part of the UK-based asset manager’s ambitions to internationalise and grow its private markets presence. |
GBP MPC Official Bank Rate Votes 0-9-0 0-8-1 0-3-6
GBP Official Bank Rate 4.50% 4.50% 4.75% |
Crossed 212p. Now looking for 220p |
London 6 February – M&G Investments today announces that it has agreed to acquire a majority stake (70%) in P Capital Partners (PCP). A leading European private credit business in the corporate non-sponsor sector, it supports entrepreneurs and family-owned businesses to grow and sustainable technologies to scale..
The acquisition further underpins M&G’s strategic growth plans and cements its position as a leader in European private assets, adding differentiated investment and origination expertise, whilst strengthening PCP’s capabilities and plans for continued European expansion.. |
https://www.mandg.com/news-and-media/press-releases/mandg-plc/2025/06-02-2025 |
An excellent bullish engulfing candle on the chart. |
Looking forward to a surprising rise at some point, as the interest rate goes down while the yield at gradually increasing prices is still significantly above savings rates (apart from possibly gilts). ie. 2 factors working in the same direction.
Same goes for LGEN and others with high yields. The differential should cause a doubling up of momentum - just as it seemed to cause the effect downwards for the last 2 years. |
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