M&g Share Discussion Threads

[fenners66] 05/12/2019 09:18

3.6% NAV fall in less than a month ?
Then I look at the timing of the float.

When do smart businesses sell to the market ?
At the top of the valuation cycle if they have the nouse.

[allonblack] 05/12/2019 08:54

If you read the property fund notes the front page tells you the fund can be suspended temporarily. If it held 30pc cash everyone would be complaining it wasnt following its mandate. This is a good headline but nowhere near the same as Woodford. I reckon you buy now as commercial real estate will be the go to asset the minute a labour government is ruled out.

[essentialinvestor] 05/12/2019 08:37

Getting hit as expected.

[sentimentrules] 04/12/2019 21:55

Maybe worth alerting monthly pivot prices but hard to see anywhere else to try gauge next buy

[topvest] 04/12/2019 21:54

Might be another good buying opportunity on the way here.

[topvest] 04/12/2019 21:52

Yes, in a SIPP but you can't invest in those if it's an employer based defined contribution scheme. Open-ended funds are all that is allowed!
Anyway, have plenty of REITs in my main portfolio.

[sentimentrules] 04/12/2019 21:51

Look at the week open though. Once it traded at/below last week's open it was a dark cover to exit anyway

Esp with the open/close of 5 days ago

[essentialinvestor] 04/12/2019 21:49

There are some many REITS to choose from as well.

[topvest] 04/12/2019 21:49

Agreed that not good PR at all. It's difficult on property funds though and I have some sympathy. If you want a 10% allocation to property in your pension scheme the only real option is an open-ended fund, as with your other equity and bond allocations. Anyway, selling commercial property takes a few months and cannot really be compared with the Woodford disaster. I have a Prudential pension property fund that is currently closed to withdrawals in one of my schemes, so maybe the same one, and had a letter about it a few months ago. Not a problem really in the long term.

[bench2] 04/12/2019 21:40

Agree dire PR for M&G but fortunately only a tiny fraction of their AUM . When will asset managers learn they should never put illiquid physical property into an open ended vehicle ....... asking for trouble ...... Step forward closed ended Investment Companies and REITS .

[essentialinvestor] 04/12/2019 20:55

Might expect a bit more volatility tomorrow?.

[eeza] 04/12/2019 15:09

After Woodford, prudence will rule.

[skinny] 04/12/2019 15:08

Barclays Capital Overweight 226.00 256.00 251.00 Reiterates

[jonwig] 04/12/2019 14:59

Why the drop? Maybe:

M&G suspends £2.5bn property fund on Brexit and retail woes
Property Portfolio faced ‘unusually high and sustained outflows’



maybe not material, but reputational?

[2wild] 27/11/2019 12:06

New high at 239.8p this morning. Expect this will continue rising to a 7% yield, about 255p in next few weeks.

[phillis] 19/11/2019 12:40

struggling up!

[gbh2] 19/11/2019 09:47

SP struggling at 235p.

[bench2] 18/11/2019 13:52

Don't be tempted to take a short term trading profit . This is still one of the best asset manager / closed life co companies in the UK with an ex special yield of 7.6% at 234p ....... however if you feel Corbyn will be PM it is vulnerable as high UK content and the large bond portfolio would also be at risk to price falls .

[bench2] 15/11/2019 11:22

Good to see the spin off doing better than the parent . Pru , HSBC , StanChart all depressed by events in Hong Kong

[2wild] 13/11/2019 16:36

Bottom of page 22 of the presentation on their website says total divs payable in 2020 will amount to 21.7p.
Proposed annual 2020 dividends, excluding the special, is 17.85p being 7.8% on current offer price of 228p.

[stun12] 13/11/2019 15:17

Makes sense, eeza. The special 3.85 divi is just that, a one-off due to the absence of debt interest etc. Then the normal divi is the one to watch for the future yield and will be adjusted based on performance and free cash.

[eeza] 13/11/2019 13:26

"This is in recognition that, for the majority of the 2019 financial year, the Company was operating without incurring certain costs, e.g. debt interest costs, which it would expect to bear in future and which have
been allowed for in determining the initial level of ordinary dividend"


"which have
been allowed for in determining the initial level of ordinary dividend"

I read that as factored in when setting the div level.