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
  1.60 0.8% 201.50 332,338 08:21:09
Bid Price Offer Price High Price Low Price Open Price
201.20 201.50 202.90 200.50 202.90
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 32,129.00 1,745.00 43.10 4.7 5,239
Last Trade Time Trade Type Trade Size Trade Price Currency
08:21:02 O 559 201.125 GBX

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Date Time Title Posts
06/3/202101:54M&G 473
11/12/201910:09Bad News Bears-
25/2/200517:10Miramar Mining: Undervalued Gold Miner?3

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M&g Daily Update: M&g Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker MNG. The last closing price for M&g was 199.90p.
M&g Plc has a 4 week average price of 181.35p and a 12 week average price of 173.80p.
The 1 year high share price is 210.40p while the 1 year low share price is currently 86.40p.
There are currently 2,599,906,866 shares in issue and the average daily traded volume is 6,627,052 shares. The market capitalisation of M&g Plc is £5,197,213,825.13.
2wild: Next 2 trading Days could see 10-20% gains. Unlike many high yielding stocks, MNG is not paying an historically based dividend, which is no longer sustainable. They set the initial 11.96p final div some weeks before 2019 general election, when the 12 month average FTSE100 was around the current level. In August 2020 they declared 6p interim, with FTSE100 and worldwide markets far lower than now, with little prospect of a vaccine before spring/summer 2021. As they finalise 2020 report Sunday/Monday latest covid-19 death rate will be circa 100 with around 40% of the UK adult population vaccinated including most of the high risk categories. Therefore almost certain to declare a final dividend in excess of 12p on Tuesday 9th March, in my view. Could easily be £2.50 by ex-dividend date.
doubleorquits: Who knows for sure?! But they did pay the dividend when the market fell last year and the promised special dividend too. There were a number of companies who failed to pay a dividend most notably in this sector AV. I hold this and EVR, SLP and RIO for the same reason you are citing - high yield. I feel confident of them to pay their dividends at the rates of previous year but it is a guessing game. MNG are the last of the four I mention to go - the others have all come up with the goods and more. All IMO.
2wild: Being factual the previous 2 posts are nonsense. MNG floated during October 2019 and have only ever issued one each of the 3 standard payment types. On 10th March 2020 they declared a final dividend of 11.92p for the period ending 31/12/2019. A special, return of capital, dividend of 3.85p was also declared at the same time. In August 2020 MNG declared an interim dividend of 6p for the period 1/1/2020 to 30/6/2020. MNG advised the starting point for the interim div would be 50% of the previous final div. Therefore 2020 interim was increased by 0.67% to 6p, more or less in line with the prevailing rate of inflation. I'm expecting the 2020 final dividend, which will be declared 9th March, will be at least 12.2p, given continuing improvements to market sentiment.
1jat: Trouble is MNG was established with quite a high yield. It is difficult to change market sentiment once this becomes he established position. Although 6% is a high yield, there will be a fear that the cash flow could dry up or the regulator denies the dividend. Hence a higher yield is likely to persist.
popit: There is no real reason for M&G to be trading at such a discount to other companies in the same sector. M&G has an annual dividend of about 18p, made up of a 12p final and a 6p interim, and so at present M&G shares have a far higher yield and are much better value than similar shares such as Standard Life or Phoenix which have a yield of about 7%. If M&G shares were to yield a similar 7%, M&G shares would be about £2.60. M&G also benefits from a very resilient cash flow that other similar companies such as Standard Life and Schroders do not have. About 90% of the M&G dividend is already covered for the next three years by the with-profits book, and annuities, which total about £130 billion of heritage money. M&G also plans to generate £2.2 billion of capital over the next 3 years which is equivalent to about 80p per share over the next 3 years, so it is quite possible that will also be some special dividends in the next few years in addition to the 18p annual dividend. I actually think even £2.60 would quite undervalue M&G shares. A dividend of 18p and a yield of about 6% would suggest that a fair value for M&G shares is about £3.
2wild: All aboard the MNG Express arriving 2:50 p.m. April. 190p resistance broken, next resistance 206p and then onto 250p by ex div day, following results on 9th March.
2wild: Hmm. Kind of agree, although yield on MNG is 9.3% not 6.2. Interestingly my share price target is 300p , equating to a 6% yield.
churchill2: No Need In October 2019 the split of the Prudential share price of 1506p Prudential 1286p MNG 220p Interestingly if you add the dividends paid since then you arrive at very similar performance. As of closing price yesterday PRU 1299p plus 24p MNG 193p plus 21.77p. Hope this helps.
cassini: maxplus2, I'm not 100% sure this is what you're asking, but regarding buying a share just before the XD date: in a perfect world the price of a share that pays a dividend will fall the day the share goes XD, by the same amount as the dividend, so there is no particular advantage to buying just before the XD date. As a simplified example, a share with a 5% annual dividend that is priced at 100p the day before going XD. would fall to 95p the day it goes XD because it is promising to pay out 5p in the £ of its value to shareholders who were invested the day before the XD day. You still have 100p in total. Then as the year progresses the share price would gradually rise in anticipation of the next dividend until by the next XD day a year later it is back up to 100p again. Rinse, wash, repeat.
doubleorquits: FWIW I don't think the dividend payment is a major issue personally. The Prudential (of which MNG were part until the spin-off) paid their dividend on Friday and the statement by MNG earlier did imply payment would be honoured as rik shaw outlines above. Indeed, I agree with his first point - "it was promised" as part of the separation terms I think the more pressing issue for now is whether MNG will be able to maintain its FTSE100 status at the beginning of June as a failure to do this will, IMO, lead to more pressure on the share price. This could conceivably be part of the problem with the fall in share price at the moment. Just me thinking out loud.
M&g share price data is direct from the London Stock Exchange
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