M&g Share Discussion Threads

[emptyend] 31/8/2021 16:41

...mmmm.....looks like the rump of an institutional holding getting dumped at the close? 7mn+ shares. Should mark an end to the selling pressure?

[emptyend] 31/8/2021 14:23

I wonder how much longer this can continue to trade as cheaply. Raised my stake by 50% this afternoon, on the view that there will be corporate activity soon in the fund management space.......Good income, rising with asset price inflation.....I can't quite see any structural reason why the undervaluation will persist - and it could literally change overnight if "a Berkshire Hathaway" steps in to snap up eg. L&G

[spawny100] 31/8/2021 10:10

Agree. It's looking unusually strong today relative to peers. Nice change.

[karv1] 31/8/2021 10:09

I am guessing there must be some buys going on today twice as many shares traded as LGEN. We are holding up fairly well, Which makes a change for MNG.
Maybe the dividend is getting more attention from more people.

[dope007] 31/8/2021 08:22

It's the FTSE. It can go very low and then be sold to overseas bidders for peanuts

[luderitz] 27/8/2021 21:45

Really? I did read it quick before I went out, thanks for the correction.

[gary1966] 27/8/2021 18:03

M&G holding in Norcros not the other way round.

[luderitz] 27/8/2021 18:00

NORCROS PLC just profit taking I hope at about 5pm tonight.

[rogerramjett] 27/8/2021 16:42

Makes you wonder how low it can go when the indicators of value are already showing a significant undervaluation

[rogerramjett] 27/8/2021 16:40

PE is 4.7 🤣

Divi is just short of 9%

If this went to £4 the PE would still be less than 10 and the divi 4.5%.

Divi cover is also very high. 2+ or there about I am sure.

Serious value here.

[makinbuks] 27/8/2021 15:30

Good write up. Will management return Rothesay surplus to shareholders or pursue growth?

[peterbill] 27/8/2021 12:20

HL view on MNG ... worth a read.

[dodger777] 27/8/2021 12:15

Cheers, it’s not half bad is it 👍🏻

[joey52] 27/8/2021 12:11

At 2.0610 its 8.89%

[dodger777] 27/8/2021 12:08

So what’s the annual divvy percentage based on current price..around 8% ? 🤔

[spawny100] 27/8/2021 11:42

Well if this goes sub £2 I'll be forced to add a few I think though I suspect a lot of others are also waiting for that so may not get there.

[notbitcoin] 26/8/2021 18:46

I will top up tomorrow

[scorpione] 26/8/2021 17:55

Re Schroders - They may have increased their share because MNG are so damn cheap!

[notbitcoin] 26/8/2021 17:05

Have they increased there Holdings ? Schroders

[spawny100] 25/8/2021 15:50

That's the concern here though I guess karv and tt; when something sounds too good to be true it usually is. I guess a lot of people are wondering what the catch is. Is it a dividend trap with no growth prospects? Does market think dividend is unsustainable? Or maybe it's simply the relatively short history of the share on which to benchmark past performance? I don't know but my thinking is that if it looks this cheap then surely other hungry companies will also be noticing this too and could become a target.

[luderitz] 25/8/2021 12:31

Would make sense for their customers on the face of it.

[thamestrader] 25/8/2021 12:00

I have M&G UK Income fund, it pays about 3.5% yield.
I have M&G shares too, they pay about 8% yield.

Maybe the fund manager should dump everything and just invest the entire fund in his employer.

(Before you write in, I acknowledge the fund has recently seen some capital growth, unlike the shares).

[karv1] 25/8/2021 11:20

That's how messed up the world is.
The way it should be is you invest in their funds for decent returns or play ultra-safe and invest in their company for low returns but a stable price, This should be around 4 pounds per share paying a 4% dividend in a normal world running slow and steady. Why anyone would invest in a fund while the actual company SH was at 2.09p with A stable 8.7% return is madness in my view.......
We live in a world of panic and fear.

[pierre oreilly] 25/8/2021 09:45

Another slice for me @209.

Much better to invest in them and keep 100% of the profits, and get divis, rather than the products they sell where you just get half the profits (if it's a long termer like a pension).