M&g Share Discussion Threads

[gclark] 19/3/2021 14:12

how can a company be on a PE of 4.5?

[gbh2] 19/3/2021 07:32

I've been with IG for 20 years, as mentioned above, they're slow at paying dividends, ostensibly due to some internal process. Their customer service is ok once you get through, I use both their Share dealing ISA & their Share Dealing account, both are £3 commission and subscription charge free if you execute more than three trades a month.

[bis5] 18/3/2021 19:47

Thanks Woodhawk
I will have a look at IG don’t think iWeb is for me

[woodhawk] 18/3/2021 19:34

bis5,

I have used IG Index and iWEB for more than 10 years. The only problem I have ever had with IG Index was that they often paid dividends late - usually just a few days, but irritating nevertheless. I complained frequently. However, I must say they have recently much improved this and payment is usually now within 48 hours. If you trade more than 3 times a month the charge is just £3 per trade. No ongoing charges. I also use iWEB with trades at £5 each (also has a one-off joining fee), but it is a bare-bones service, quite basic. IG Index have a much more sophisticated platform. I only use both to avoid having all my eggs in one basket.

[chrisb1103] 18/3/2021 19:14

Oops wrong thread!

[bis5] 18/3/2021 18:34

Thanks will have a look been with self trade / EQI for years

[wynmallen] 18/3/2021 18:01

Hargreaves is where I am going to move

[bis5] 18/3/2021 17:05

I’m with EQI which is switching my accounts to ii which seems a bit expensive looking at iWeb but reviews not good I need to find a good online platform with app dealing any recommendations. Thanks

[gbh2] 18/3/2021 14:22

Buying has been tied down to, Buy@ Best, don't know when it kicked in but it's taken me about 15 minutes to get an order placed, which has now triggered so whatever it was seems to have cleared.

[karv1] 18/3/2021 10:51

I am happy with the dividend income and hope it never gets slashed and I hope the share price grows by 10% to 20%+ over this year this would be a nice bonus.
The 9% dividend should help defend the stock from any long-term drops, the longer MNG stands on its own feet the better the Share price will become. depending on the general market conditions.

[1airbag] 18/3/2021 10:51

I got some yesterday before close for dividend and then some more this morning at 202p. I never know which way to play the dividend game. The only thing i will add is there is now a big gap on the chart above where we are trading so it seems likely that will be filled, i.e. in short term price will head back up.

[gaffer73] 18/3/2021 10:07

Don't worry about short term movements, this will be 300p soon enough.

[jonnybig] 18/3/2021 10:05

Hindsight is a wonderful thing. You would have been more gutted had you banked the profit but the share price had continued to rise AND you miss out on a generous dividend.

The pre ex dividend day crash has caught everyone out so don't beat yourself up about it.

[maxplus2] 18/3/2021 09:50

I should have banked the profit when it was 220-230p. Instead, I sold some and reinvested the profit back when it dropped a few days back.

[gary1966] 18/3/2021 08:49

Well done gbh2. I made a bit elsewhere, equivalent to just over 2p a share, in the few days the money was out of M&G. I was happy with anything sub £2.04 this morning and so position fully restored. Good luck in restoring the rest of your position. Glad to be back in now that the gap has filled as never stopped believing that the company is undervalued.

GLA

[gbh2] 18/3/2021 08:21

Finally my order to buy at 201p has triggered and restoring my MNG holding has begun :))

[gbh2] 18/3/2021 08:05

max, All the cash from mng went into ent, good luck.

[woodhawk] 18/3/2021 07:47

maxplus2,

I use any strategy that is likely to make me the most money at that particular time. Flexibility is key.

[gbh2] 18/3/2021 07:42

I use a IG share dealing Isa and a IG share dealing account.

[maxplus2] 18/3/2021 07:22

I am just wondering what's your strategy. Do you bank the profit on Ex-Divi date and keep the original capital?

[woodhawk] 17/3/2021 21:02

Yes, I do the same - IG Index is £3 per trade as long as you do 3+ trades a month. ISAs and SIPPs (though 3rd party) same charges. No annual fees (except annual SIPP charge from 3rd party). When trading, I tend to scale in and out of investments too. I also use iWEB at £5 per trade (normal account & Share ISA) - no other charges except one-off joining fee. iWEB isn't nearly as sophisticated a platform as IG Index though.

[2wild] 17/3/2021 20:09

£3 is great. Which broken do you use and do they do ISAs? What's the annual fee.

[gbh2] 17/3/2021 19:51

I sold some last week ca 230p and the remainder yesterday Ave 221p, no one can know what the share price is going to do, but in recent years it's become more and more common for a sell off the day prior to ex dividend day.

I chase dividend payers but I've not received a dividend from most of my holdings for years, the dividends I do pick up are from ring fenced holdings.

Edit, My selling cost is only £3 which is why I can afford to sell off multiple fractions of a holding.

[woodhawk] 17/3/2021 19:37

He didn't - he took a gamble and it paid off - so far.

However, since the reduction in the non-ISA divi tax-free allowance to a measly £2K (whereas cap gains is £12K), it seems to me to have become more common to sell immediately before ex-divi day and hope to buy back after - trying to take your divi 'early' in effect. I've done it myself sometimes. In this case, I consider M&G such a bargain at these levels I didn't want to jeopardise my holding and I'll be quite happy to add tomorrow if it drops significantly more than 12p than today's close ( a circa 9% yield again).

[thaisi] 17/3/2021 18:48

At what price? How did you know it would drop today?