M&g Share Discussion Threads

[adejuk] 14/5/2021 14:43

but i always watch for the spike
is that the orgasm?
i think it will keep on 'coming'
way undervalued
schroders would have paid 7.5 bill

[adejuk] 14/5/2021 14:42

cass.
pleasure always involves guilt.

[cassini] 14/5/2021 14:15

Nice move upwards, but the last time something similar happened it retraced the lot.

Looking at the chart I can draw in some imaginary lines marking the high and low trading channel limits and ~240p would hit the upper trendline at this point.

I hate trying to trade high yielding stocks though, feels wrong somehow ;0)

[aleman] 14/5/2021 12:41

I don't think we need to discuss semantics of breakout after this morning's rise. Shall we discuss what figure might constitute a new high?

[fenners66] 14/5/2021 12:14

288 would be steal for this yield !
They can do one.
If it starts with a 4 I would consider it.

Looking for alternatives to earn the yield , while still diversifying from already held investments is not easy...

at the top end say SJP yielding only 2.88%
that would need an equivalent take out price of 633 to get the same yield .

[woodhawk] 14/5/2021 11:00

Well undervalued, attracting takeover interest and still yielding about 8% at current share price. Bonkers!

[skinny] 14/5/2021 10:46

Thanks for the link.

2wild - I didn't make a comment about intraday highs?

[adejuk] 14/5/2021 07:33

cap gains, great divi
what's not to like?

[unastubbs] 14/5/2021 07:23

article mentions £7.5b to take out the company, implying £2.88 share price ..

[unastubbs] 14/5/2021 06:33

from the times today

[2wild] 14/5/2021 00:44

Skinny - Don't forget the March intraday high was before Ex Div date. If you include the 12.24p, paid a couple of weeks ago. current share price is 242p and therefore I think it qualifies as a breakout

[skinny] 13/5/2021 17:23

Clear as mud, but yes 🙄

On edit - if you look at the link I've posted - the title is the RNS title verbatim (see header).

[gclark] 13/5/2021 16:53

Gary1966
I misread it as well, easy to do when both companies are fund managers! Yes, it is MNG taking a shareholding in Jupiter.
MNG share price is rising which is good.

[gary1966] 13/5/2021 16:24

Skinny,

Have you got that the wrong way around? Aren't M&G notifying that they have increased their stake in Jupiter Fund Management?

[gclark] 13/5/2021 16:16

Is there a valuation for the sum of the parts?

[aleman] 13/5/2021 15:57

Woodhawk - It reached 232p on the 13th of March if ADVFN's chart is right, so I would not class it as broken out yet, although the momentum does look pretty impressive today as does the trend over the last year. I suppose some might argue it looks a breakout on closing prices but that's not the full picture for me.

Not that I'm wishing to dent your enthusiasm. That's an impressive uplift for a poor day on the market.

[skinny] 13/5/2021 15:55

Looking at the intraday chart - a timely RNS :-

.

[woodhawk] 13/5/2021 15:50

Well, there's my breakout - a couple of days late!!

[woodhawk] 13/5/2021 13:24

"Why Schroders buying M&G just wouldn’t work"...

"The sum of the M&G parts is still greater than the current share price gives it credit for. As more investors understand that, the higher the shares should go."

[spawny100] 13/5/2021 12:51

Thanks pepper log. Something certainly seems up given the terrible day on the markets. I've added quite a lot today on the back of this.

[pepperlog2] 13/5/2021 11:28

Interesting post on Bloomberg yesterday:Schroders Studied M&G Deal to Build $1 Trillion Fund ManagerBy Jan-Henrik Foerster and Lucca De Paoli12 May 2021, 19:02 BSTUpdated on 13 May 2021, 09:16 BSTSchroders explored M&G breakup before abandoning idea: sourcesDeal would have been largest in U.K. finance industry in yearsSchroders Plc spent months exploring a potential acquisition of M&G Plc, a deal that would have created a U.K. fund powerhouse overseeing

[panshanger1] 13/5/2021 11:04

CSN looking interesting too

[spawny100] 13/5/2021 11:00

Yes this is holding up remarkably well so far anyway. Impressive against a sea of red elsewhere.

[thamestrader] 13/5/2021 10:56

Hardly carnage here, only the tiniest dent in the upward movement.