M&g Share Discussion Threads

[gbh2] 23/3/2021 07:54

It's the possibility of a TO that keeps me holding atm

[unastubbs] 23/3/2021 07:09

interview with john foley from the ft at the weekend. tip: this is a paywall but just google "M&G FT" and link through google - this beats the paywall for some reason.

interesting comments. people seem to think that M&G is going to be taken over by PE. Foley addresses this as well.

[a_game] 22/3/2021 22:21

Had some more today - part of me hopes we bounce around here until new ISA year! Longer term it's inevitable we head significantly higher from here. Steady grind up

[spawny100] 22/3/2021 17:08

That's the end of the head and shoulders perfectly played out so we can now continue back up please!

[a_game] 19/3/2021 21:40

Yes, INVP trading on a huge discount at the moment, it's my largest position currently. I'm a big fan of MNG too, added more this week and will add further next week if we go below 200.

These stocks are steady eddies and should just grind higher as the year goes on. Safe & steady with good upside potential and hefty dividends, a lot to like

[cassini] 19/3/2021 16:35

Check out Investec (INVP) - it's on a P/E of 1.83! Partly due to it being Anglo-South African I think - geopolitical and currency risk.

[thaisi] 19/3/2021 16:06

I remember PMT i bought 10,000 of them at 96p in the late nineties then they went down to 46p and having been scared of losing so much i sold at a loss 9 months later at 89p. Then over the coming years to the millennium they proceeded to £13 so i could have made £100k. Then they went back to 13p. Its so easy to deal in hindsight...

[ramellous] 19/3/2021 16:02

Check out FXPO it has a p/e of 3.5

[gbh2] 19/3/2021 15:38

Sitting on shares can be equally boneheaded!

1998 my first investment was in two companies 50p a share, both took off within months of purchase, but I was working in various countries and as everyone (at the time) advocated, buy and leave so I didn't pay much attention to either.

Towards the end of 1999 I found one company had been as high as £20a share but then hit problems, crashed and gone broke. The other was Pace Miro, luckily I caught it's meteoric rise, I held & held as it touched £17 then started to retreat, I eventually sold out ca £10, by year 2000 its share price was back below 50p.

Since that time I hold some and trade the rest, never huge amounts but enough to keep me interested and well funded.

[thaisi] 19/3/2021 14:31

Because there's too many Boneheads out there wanting to buy so called growth or jam tomorrow companies that are worthless the but drag affect of money going that way gives us great bargain opportunities like MNG. The same thing happened just over 20 years ago in the Telecom/Dot.com boom/bust where the money was siphoned away from the banks some of which were very much like MNG at the time in terms of profit and dividends. Then reality struck and all those with no earnings and stupidly high PE's became what they are worthless. I admit i got caught out then doubling my money in 18 months then not selling out and nearly losing all. Once bitten never again a harsh and expensive lesson learnt and thankfully i can now reap the benefits.

[cassini] 19/3/2021 14:17

If people view it as risky.

[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.