M&g Plc
-2.30 (-1.26%)
Share Name Share Symbol Market Type Share ISIN Share Description
M&g Plc LSE:MNG London Ordinary Share GB00BKFB1C65 ORD �0.05
  Price Change % Change Share Price Shares Traded Last Trade
  -2.30 -1.26% 179.65 6,414,301 16:35:10
Bid Price Offer Price High Price Low Price Open Price
179.45 179.55 181.00 174.90 181.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 17,772.00 707.00 3.30 54.4 4,547
Last Trade Time Trade Type Trade Size Trade Price Currency
18:14:09 O 1,702 178.40 GBX

M&g (MNG) Latest News (1)

M&g (MNG) Discussions and Chat

M&g Forums and Chat

Date Time Title Posts
24/3/202310:09M&G 3,320
28/9/202213:26Bad News Bears1
16/6/202215:332nd Interim v final dividend ?5
25/2/200517:10Miramar Mining: Undervalued Gold Miner?3

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M&g (MNG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

M&g (MNG) Top Chat Posts

Top Posts
Posted at 17/3/2023 14:10 by brucie5
1.60 is September's low. The yield here is exceptional on the face of it, though not if it isn't paid out!

Covered positively in the IC today:

Making a clear judgement with M&G is not easy as the usual havoc in the reported numbers, caused by hedging M&G’s solvency II position, means investors are reliant on management-generated measures of performance. Even with bid rumours supporting the share price, the shares yield a forward dividend of 8.5 per cent, with a consensus price/earnings ratio for 2023 of 11. The reorganisation may still yield fractionally better returns. Buy.

Posted at 09/3/2023 14:16 by gurunostradamus
7.5% yield should see the share price at around 258p levels! So it’s more likely that the share price is range bound between 210 and 230 levels for now/
Posted at 09/3/2023 13:23 by lord gnome
Brucie - the post I was answering was using an illustrative 7.5% yield to justify a higher share price. Perhaps it could have been expressed better. My view is that 7.5% is not exceptional and MNG will struggle to get through resistance at 220. As I also said, I hope my post does not age well.
Posted at 01/3/2023 09:39 by 1jat
All companies routinely run the ruler over their competitors..and a few of these result in informal soundings and fewer progress…to firmer discussions at which point the market has to be informed.
Q is do we think MNG wants to be bought? With the new CEO in place probably not and it does make money and is well capitalised so there is no fire sale about to happen.
Does it have the firepower to take on others? The share buy back suggests they do for smaller deals, but would the shareholders agree to a larger deal or see it as value destructive for MNG?

My view is that MNG could be party to mergers where they are all share deals with low bid premium, this is to accelerate change / build scale and a more effective business.

Posted at 24/2/2023 18:00 by boozey
There is no doubt in my mind that the rise today is a read across from Jupiter. They often mirror each other. I sold out of Jupiter first thing and put funds into MNG. i have to say that the rise on Jupiter results were a big but pleasant surprise. I was expecting a big drop in the share price!
Posted at 24/2/2023 11:18 by thebutler
Why would it take over 2 hours for the MNG share price to react to Jupiter's results?
Posted at 28/10/2022 14:48 by edmundshaw
Not sure what all these posts are for.

Let me try to precis the argument: if you buy back shares and it later transpires the share price is a lot higher you are a genius, but if you buy back shares and the share price is later a lot lower you are an incompetent fool. Except the share price never goes up it alwys goes down.

Am I getting the gist?

Posted at 28/10/2022 09:18 by kenmitch
Yes. Yet another example of buybacks being a criminal waste of money. It’s good that at long long last some investors are waking up to that so simple fact. They do not support the share price and there’s no risk of the share price falling just because those wasteful buybacks have ended.

Aberdeen (abdn) have been buying back shares heavily for years. They started at around £5 and the share is now about £1.40. Incredible waste of money.

Whitbread supposedly “rewarded̶1; their shareholders by spending nearly all the £3 billion or so they got from the sale of their Costa business on buybacks. The share never again got above the start date of that massive buyback and is way below that price today. So far from rewarding their shareholders they have lost money instead. Using that £3 billion on a special dividend instead WOULD have rewarded their shareholders with REAL cash!

Dividends reward. Buybacks punish. It’s as simple as that!

e.g Gulf Keystone have paid me nearly 40% in dividends just this year! That’s a genuine reward (from a risky share in case anyone is tempted to punt without checking) but the risk (oil In Iraq) is well worth taking when I’ve got already got back more than half my stake in dividends since purchase.

Finally no politician or economic commentator seems to understand this. They all just assume that ‘shareholders have been rewarded with a buyback.” Whether or not a windfall tax on Shell and BP is a good idea is inappropriate for debate here. But those advocating a windfall tax never point out that both Shell and BP are spending multiple £billions each on buybacks!! I.e if they can afford brazenly to increase their buybacks right now so that money could easily be afforded for a windfall tax instead.

Posted at 23/8/2022 10:04 by anhar
Agree with the above two posts reference more frequent dividends. It would go some way to supporting the share price that's for sure...

Quarterly divis would make no difference to the share price. I'd like them simply for the slightly more frequent cash flow but they would have no effect on the share price

Posted at 23/8/2022 08:40 by fenners66
"I’m still struggling to understand why more companies don’t pay a quarterly dividend. Sure, there is an additional admin cost,"

You have answered your own question there.

The BOD's job is to manage the business and get the best return that they can - so pay the dividend at the lowest admin cost, not manage the day to day of the share price.

Over time , make more money , pay more dividends and the share price will take care of itself.
Today's / tomorrows share price movements are a function of supply and demand and change for loads of reasons.

Even ex-div movements are made up for by next time - if they manage the business.

M&g share price data is direct from the London Stock Exchange
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