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
  -5.10 -2.12% 236.00 3,164,219 12:55:50
Bid Price Offer Price High Price Low Price Open Price
235.90 236.10 241.50 235.00 241.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 15,216.00 1,397.00 44.40 5.3 6,136
Last Trade Time Trade Type Trade Size Trade Price Currency
12:55:49 O 1,472 235.952 GBX

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Date Time Title Posts
25/6/202112:23M&G 749
26/3/202110:282nd Interim v final dividend ?2
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 241.10p.
M&g Plc has a 4 week average price of 234.40p and a 12 week average price of 206.90p.
The 1 year high share price is 254.30p while the 1 year low share price is currently 143.75p.
There are currently 2,599,906,866 shares in issue and the average daily traded volume is 6,373,227 shares. The market capitalisation of M&g Plc is £6,135,780,203.76.
anhar: No reasons, short term share price moves are nearly all random.
2wild: Well well it took 16 months but we are finally trading at a new all-time high 254p. No reason why these should not be trading on a 6% yield in 9 months time, giving a share price of about 310p.
anhar: At 245p and a forecast 21 divi of 18.2p, the forward yield for MNG is 7.4%. Compare this with some leading rivals: Schroders non voting, fdivi 115p at 2,593p, fy 4.4% Standard Life Aberdeen, fdivi 15.1p (div just been cut from 2020) at 278p, fy 5.4% Legal & General, fdivi 18.3p at 287p, fy 6.4% (not perhaps a close rival but it does have substantial fund managment interests). So on a yield basis MNG is valued considerably less than these but I see no sound reasons for such undervaluation. The only point that occurs to me is that MNG is a relative newcomer to the market with, so far, a very limited track record as an independent business. But if that explains the undervalue, though I'm not sure if it does, I don't consider it to be a reason to avoid the shares and in time that will disappear anyway. Using yield as the valuation basis, the current market opinion of fund managers as above suggests a yield of around 6% or less for MNG. That implies a share price of at least 300p right now in my view. This view does change constantly in line with shifting valuations of both the market and the sector. Which does not mean it will get there, the market is not rational at all in the short term.
makinbuks: Ridiculous logic isn't it. Someone admits they thought about buying it, took a closer look and decided against it and that makes the share price rise!
gclark: Gary1966 I misread it as well, easy to do when both companies are fund managers! Yes, it is MNG taking a shareholding in Jupiter. MNG share price is rising which is good.
woodhawk: "Why Schroders buying M&G just wouldn’t work"... "The sum of the M&G parts is still greater than the current share price gives it credit for. As more investors understand that, the higher the shares should go."
mcflyo2: MNG v SLA MNG Year high: 231.70p Year low: 108.90p Market Cap: £5.72 bn P/E ratio: 4.95 Dividend yield: 8.29% SLA Year high: 332.80p Year low: 201.40p Market Cap: £6.23 bn P/E ratio: 7.57 Dividend yield: 5.11% MNG PE 4.95 wow!
karv1: I am happy with the dividend income and hope it never gets slashed and I hope the share price grows by 10% to 20%+ over this year this would be a nice bonus. The 9% dividend should help defend the stock from any long-term drops, the longer MNG stands on its own feet the better the Share price will become. depending on the general market conditions.
xtrmntr: "Kick the dividend habit" this magazine recently implored shareholders, whether their goal is income or share price growth.The argument – that total return strategies work better over time – is backed by solid evidence, but ingrained preferences die hard. Be it a subtle distrust of companies' capital allocation plans or the bias for rental income that only a property-obsessed nation can sustain, UK shareholders like to feel the fruits of their risk-taking in cash lump sums, thanks.Dividend strategies for M&G (MNG) and Standard Life Aberdeen (SLA), clarified this week, provide useful insights into the market's views on capital returns and appropriate yields for two FTSE 100 insurer-cum-asset managers whose brands have seen better days.M&G, in its first of set of full-year results since its split from the higher-growth Prudential (PRU), surprised the market by doing what it already said it would: declare a stable or increasing dividend.In the event, the final pay-out climbed by 2.6 per cent, though had it held at last year's level, the pro-forma annual yield would have still stood at almost 9 per cent. As such, one suspects the heady market reaction to these numbers was less to do with the size of the distribution than the strength of the group's capital generation – shorthand for growth in capital above regulatory minima and therefore a useful proxy for income and balance sheet health.Though tangible signs of business growth were predictably elusive – excess capital from both the asset management and legacy Heritage life insurance arms were flat year-on-year – 2020 results will provide encouragement to those shareholders who believe equity can grow with or without reinvesting dividends. Indeed, a three-year target to generate £2.2bn in capital by the end of 2022 now looks beatable - especially after management joined Phoenix Group (PHNX) in lowering their longevity assumptions.The fact is, M&G's yield is so high because parts of its business are valued so cheaply. These results showed dividends are affordable alongside rising capital buffers and growth-oriented investments, such as the recent acquisition of wrap platform provider Ascentric.That deal helped to offset fund outflows elsewhere, including £12bn from retail investor mandates. This remains a perennial issue for the fixed income focused investment group, as it does for SLA, which sold its own closed-book life insurance division to Phoenix in 2018.The terms of that arrangement were tweaked ahead of full-year results, handing Phoenix the Standard Life brand and £115m in cash, in exchange for several complementary products to SLA's financial advisor platforms and a 10-year extension to a low-margin mandate to administer Phoenix's largely bond-based £172bn asset portfolio.In 2020, this was one of the few portions of the managed asset pile that held back net outflows. The higher-margin wealth management business, which accounted for £80m in fee based revenue, saw £1.1bn of gross inflows matched by redemptions; a further £25.9bn tranche from the lost Lloyds Banking Group mandate headed to Schroders (SDR) in the first half; while the institutional and wholesale arm – the source of almost two-thirds of fee-based revenues – saw net flows of just £0.3bn.The result was a 1.9 per cent dip in assets under administration, even after market movements. Together with lower margins across all sales channels, this weighed on revenues and adjusted pre-tax profits, given the largely fixed cost base.How does management turn this around? The answer – beat industry benchmarks and watch fund flows reverse over time – is easier said than done, particularly when managing more than half a trillion pounds' worth of client money.The outperformance of 68 per cent of total assets under management over a five-year time horizon is one source of hope. Yet it also feels less compelling when you note that key drivers of this record – fixed income, cash and alternatives – also attract some of the lowest fees.Chief executive Stephen Bird's decision to almost half the final dividend to 7.3p signals feel less like a sensible rebasing than a warning of further pain, and that consensus earnings forecasts of 17.4p per share for 2021 could prove overly optimistic. Sell.By contrast, though M&G's miserly rating reflects uncertain long-term prospects, we see much more security in its near-term capital return promises. Buy.
2wild: chrisb1103 are you having a laugh? Both reported 2020 results very recently. Share prices say all: JUP down 5.28% in 4 weeks +1.8% in 12 W. MNG up 19.84% in 4 weeks +14.57% in 12 weeks. JUP core annual dividend unchanged in 5 years at 17.1p yielding 6.2% on current 276p share price or 7.3% including reduced 3p sppcial div. Sell JUP and switch to MNG with a rising core dividend yield of 8.7%. Or buy CLIG with a current 31p, 6.2% core dividend, up 29% in 4 years, including 2021 interim up 10% to 11p. With 33p forecast for year ending June 2021, giving a perspective 6.6% yield, up 37.5% in 5 years plus a 13.5p special dividend in 2019. JUP down 45% in 3 and -35% over 5 years. CLIG up 12.1% in 3 and +64% over 5 years. JUP is appalling in comparison and almost always disappoints. Underperforming fellow fund manager CLIG by over 100% in 5 years. £1,000 invested in CLIG 5 years ago, would now be worth £2,155 including 560p in dividends. Even more with dividends reinvested. On same basis JUP would be around even over 5 years and significantly lower over 3 years.
M&g share price data is direct from the London Stock Exchange
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