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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
  0.40 0.19% 208.40 2,314,974 16:35:23
Bid Price Offer Price High Price Low Price Open Price
208.50 208.70 209.30 207.10 208.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 17,772.00 707.00 3.30 63.2 5,275
Last Trade Time Trade Type Trade Size Trade Price Currency
17:55:45 O 9,235 208.304 GBX

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Date Time Title Posts
17/1/202322:55M&G 2,871
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
2023-01-27 17:55:46208.309,23519,236.87O
2023-01-27 17:44:59208.0211,78524,515.04O
2023-01-27 17:44:48207.8050,427104,787.31O
2023-01-27 17:40:32207.8523,00147,808.27O
2023-01-27 17:23:05207.797101,475.32O
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M&g (MNG) Top Chat Posts

Top Posts
Posted at 12/1/2023 15:14 by spud
Taken from Aviva thread:

cjac3912 Jan '23 - 14:37 - 15174 of 15179
0 1 0
yawn.

OT but apparently new MNG ceo talked at JPM conference yday which was well received and partly behind share price pop. i have it from others he comes across extremely well so will be interesting to hear what he says at results….still my biggest position EF by some distance.

spud

Posted at 29/10/2022 07:32 by jubberjim
I am not a fan of buybacks myself

I have a question

Does anyone know if sice the demerger of Prudential(Pru) and Mng back in the day if they retain to this day a crossholding in each other.

I ask because from what I can see Prudential is coming under pressure in the far East and I am wondering if that might be overhanging the share price in light of the splendid dividend it(MNG) in s paying thus stymying any pronounced move up.

Any thoughts

Are my fears groundless

Thanks

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 28/10/2022 07:19 by fenners66
198.3 vs this mornings share price of 175

And all the acolytes of buybacks will be saying that the share price would have been worse without buybacks......

Yeah and there are some so in thrall to cults that they join in with ....... (fill in the blanks here)

Posted at 15/9/2022 12:52 by aleman
MNG can't make share prices rise. Falling prices took AuM down. They actually had a small positive for net inflows so they seem to be doing lot better than Jupiter and the now unpronouncable company, whose shares have both lost around 2/3rds in the last 18 months and still don't seem to have hit bottom. I expect one or both will be taken out soon. I think MNG shares might improve a bit when those two stop making a mess of it or get taken over. Mind you, who wants to take over a company that is in a mess after a takeover? MNG should be fine if it just sticks to its knitting.
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
Spud:
"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.

Posted at 08/8/2022 08:16 by gbh2
Buy Backs are usually based on a ever moving share price average price, so if the share price goes up the Buying occasionally stops until a new selling price settles.
Posted at 29/7/2022 10:25 by anhar
I'm not saying they are likely to go out of business, I'm just saying that the reliabilty of their eps, and hence divis, is less than some other shares I hold, imo. Fund management is low quality because there is no moat, dissatisfied customers can easily switch. Also their AUM, and hence eps and divis, is to a large extent at the mercy of markets and outside their control. I've already pointed out that rival abrdn cut its divi a couple years ago.

I'm not a trader but an income investor and hold shares only for their divis, ideally for the very long term. I care very little about share price fluctuations.

The reason I hold MNG at all is that I like my portfolio to be widely diversfied across big caps in many industries for security as I depend on the income to some extent. This includes core holdings which I may never sell and some lower quality non-core which I might sell at times depending on circumstance. There aren't enough high quality stocks for my liking so I have to hold some less reliable ones like MNG for the essential diversification.

Core stocks include LGEN, DGE, BA., BATS, ULVR. I believe their long term divis are more reliable than MNG's but there are no guarantees with any of them so I can of course be wrong, and accept this risk for the rewards of being in equities for income.

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