M&g Share Discussion Threads

[adejuk] 03/9/2021 15:08

> wood, cw
nice, for me, assuring posts and i agree with both.
this looks like a no brainer for a bear with little brain :-)

[cwa1] 03/9/2021 15:02

Just joined in with a purchase at a touch under 203, hoping it will look reasonable value when we look back! I was looking for 200 but cracked :-) Good fortune to one and all

[woodhawk] 03/9/2021 14:52

I've added today. See no reason for large fall - only recent ex-divi. At circa 9% prospective divi already, will consider further additions if share price falls significantly further.

[adejuk] 03/9/2021 14:47

it looks like a falling knife - but that is often the best time to buy.
support is strong at 200 - i think:-)

[adejuk] 03/9/2021 14:47

nav is 214
am i a crazy investor?
there seems to be no case for not buying more
can anyone present such a case?
if you can pl do
thx

[2wild] 03/9/2021 14:24

20% fall from the high a few months ago is unjustified and excessive. Added at 203.7p.

[spawny100] 03/9/2021 12:32

True. But high yields are sometimes a signal that the market thinks them unsustainable longterm - otherwise the share price would go up to bring the yield to a more normal level. That's my biggest concern here together with its relatively short history.

[anhar] 03/9/2021 12:28

I'm also an income investor, in fact it's the only reason I hold shares at all. I think it's important though for security of income to hold a widely diversifed port of different industries without over-investing in any particular share, especially if you depend upon that income. I have a large holding in MNG but it's no more than any of my 30 or so other shares.

I think I've mentioned before that fund management as a business is quite risky as it's too easy for the clients to leave if they're dissatisfied. However MNG's yield is high even by the generally high yields (compared with the market) normally accorded to shares in this industry so it does look cheap on this basis. That's assuming there's nothing gone wrong with it that we don't yet know about.

[adejuk] 03/9/2021 12:07

agree pierre

[pierre oreilly] 03/9/2021 11:56

Also, when you buy an income stream with an annuity, like most are forced to do, then they get the income stream but their capital is at an instant 100% loss. So our at-loss situation atm seems much preferable to that!

[pierre oreilly] 03/9/2021 11:53

I'm in a similar position. Not worried at all though, even though i could have bought cheaper today - hindsight eh.

I bought an income stream for the long term. as long as the income stream keeps flowing, i'm happy. The option for me to sell, even if i wanted to, is currently not there in the same way it would be were i in profit (as i am with almost everything else i own). But if the future looked bad for some fundamental reasons, then i'd reluctantly sell.

Basically, the way i see it is my option to sell (even though i don't want to exercise that option) just isn't there atm. The key reason i bought still is.

[adejuk] 03/9/2021 11:47

i thought i did well when i took 20k at 230
still feel +ve medium term and the divi but not happy to be £5k down

[luderitz] 03/9/2021 10:22

Yes can be a tricky one, I only hold some from the Pru sell off but think sometimes if I should actually buy some for what seems a 200-240p 'ish range trade.

[karv1] 03/9/2021 09:29

I class myself as an experienced amateur investor and I like it when people mention their other holding it always gives me ideas on companies that I might not have thought of POLY looks ok but will commodities prices cool down even more ....
I would say selling when it is going down is a risky bet unless you believe the company is not a safe bet. I have been caught out by this a few times. The lesson I have learnt is if a safe company then they always come back up in time if profits and dividends are there to support the share price and they are not drowning in debt. currently, I am 10% down from my highs. and 450% up from my mid-2017 lows and 250% up from my starting position. I am now at a point where dividends from MNG beats my job income, which I think is starting to make me more nervous about trading.

[spawny100] 02/9/2021 20:48

OK thanks. My 2nd biggest is POLY and 3rd biggest is AV. POLY is starting to look too cheap and ex div next week. Just not sure whether to add more now or wait for sub 14 next week.

[gary1966] 02/9/2021 20:31

Just over 30k shares here. 3rd biggest holding behind DEC(by far the largest) and IMB.

Yes will be interesting to see what happens at STCM in the short term. I have the same feelings about STCM as I did MNG when I sold, in that I am almost certain I will buy back in at some point. I just want the RSI to cool from overbought levels.

[spawny100] 02/9/2021 17:29

Big holding Gary? Mng is my biggest. I saw you sold STCM to buy back here. I was thinking on doing the reverse and selling a few here!

[gary1966] 02/9/2021 17:12

Slightly more than fully restored my holding today. Gap at 217.1p is the initial target and then see where the RSI goes after that as obviously bombed out presently.

GLA

[spawny100] 02/9/2021 12:21

Normal service resumed. Back to being the weak ugly sister. Give me strength!

[emptyend] 31/8/2021 19:13

Yup...it is the uncrossing trade - more than 0.5p lower than any other trade in the run-up to 16.30. That indicates it is mostly (perhaps all) a keen seller.My best guess is that it was an institution selling out the rump of a larger holding, due to the loss of a fund management mandate at month end. That is pretty common, as those who lose the mandate have to transfer to the new manager in cash. They have probably been selling for days.I'd be unsurprised at a sharpish move back up to 210p+.

[karv1] 31/8/2021 18:07

They made like 327 million........
Total capital generation of £869 million, on track for target of £2.2 billion by the end of 2022............

IFRS loss after tax of £248 million; impacted by short-term fluctuations in the fair value of the surplus assets in our annuity portfolio and derivatives used to hedge the Solvency II balance sheet caused by increasing yields and rising equity markets....

I think some would view it as a technical loss, but that is just my view.

[peterbill] 31/8/2021 17:53

Half year results for 2021



Just looking at the latest earnings (loss) per share ... (9.8)?

Same period in 2020 shows earnings per share of ... 31.8p
For the full year 2020 earnings per share was ... 44p

Lets hope they turn around the earnings per share.

[dope007] 31/8/2021 17:26

On my mobile so can't see the UT trade. Just the post below saying a sell. UT trade still seems large but I never look at them to be honest

[skinny] 31/8/2021 16:55

That's the auction uncrossing (UT) trade.

[dope007] 31/8/2021 16:54

7 million sold with an over 7% safe yield. Wow, simply wow