M&G High Income Share Discussion Threads

[tiltonboy] 11/1/2006 11:34

mangal,

Possibly because I'm not too bullish on markets at the moment after such a good run, but as cityfarmer points out they are a good geared play.

I might buy a few of the packaged units which yield around 6%(part income, part capital growth)with the Capital shares thrown in as a kicker.

tiltonboy

[cityfarmer] 11/1/2006 10:48

Thanks for the chart header Opthalmist, isn't it beautiful!

[mangal] 11/1/2006 10:42

tiltonboy, yes 4.5% is what's required. You seem rather sceptical about that but don't you think that 5% average is a realistic capital growth rate over such a long time period(11 yrs)?

[cityfarmer] 11/1/2006 10:34

Hi tiltonboy, that's about right 4.5% per year, how much has the FTSE gone up so far in January 06? Not for every one but a bloody good geared play on the FTSE. A FTSE of 9000 by 2017 doesn't sound too optimistic to me. MGHC do actually have a considerable amount in the 250 which is rising even faster, you pay your money and takes your chances to me this looks a good bet.

Also worth noting the package units trading at about 1.37 when their NAV is 1.46 so at wind up (2017) the NAV is the figure that matters

Opthalmist, I managed to retrieve my laptop from the water so any chance of replacing the pretty picture with MGHC graph?

[tiltonboy] 11/1/2006 10:23

I have a good look at these, and they are certainly highly geared.

By my calculations, the portfolio would have to increase by around 4.5% every year until 2017 for Capital shareholders to get their money back. In FTSE terms that is the equivalent of over 9000.

Obviously a greater increase would give a disproportionate rise in the value of the Cap shares.

Not one for me at the moment.

tiltonboy

[mangal] 11/1/2006 10:18

Opthalmist, the photo is great but can we also have the charts in the header?

[cityfarmer] 11/1/2006 09:44

Didn't somebody say these were about to go up?

[purse] 10/1/2006 16:18

Looks like you might just be right, unless it falls back again !!!

[cityfarmer] 09/1/2006 15:39

The picture at the top of this header is me sitting by the water all on my own (as nobody else post on this board) I am actually looking for my lap top which has just fell in the water.

[cityfarmer] 09/1/2006 15:31

Last opportunity to buy at 11p is about to pass...................

[cityfarmer] 30/11/2005 16:23

There is a buyer sniffing round these should see a trade after close, all aboard we are going up again........

[snape] 13/11/2005 09:30

Looking cheap as chips again........

[purse] 23/8/2005 15:42

Another tick up today, looking good once more.

[zdapa] 22/8/2005 18:28

Hi Cityfarmer, Don't worry about talking to yourself - the best shares to buy are those that have no fan club

[cityfarmer] 22/8/2005 17:32

Cheers Rambutan, just visited the JDT thread and you have lots of friends there perhaps when that fund winds up they will come and play with MGHC. I think MGHC are as cheep as chips wouldn't you agree? The gearing is quite incredible for the price and on a long term play on FTSE 250 and NAV of 21p well worth 10p and as you point out no dedt. In the past when they start to move they move so lets hope for more tomorrow although am out of the office so will leave you in charge my new friend. Happy investing..........

[rambutan2] 22/8/2005 17:14

yes, last time it reached these levels it had quite a few trades.

have you ever looked at the jdt "splits" thread. although much quieter these days it's still a good place to try and get any feedback on trusts etc.

[cityfarmer] 22/8/2005 17:06

Hi Rambutan2, sounds like you got in at a similar time to me although I have kept buying a few. 300,000 buys today when usually no trades so someone has started to recognise these are a steal. As nobody ever posts on this BB it is good to have some company and we can now get rich together....

[rambutan2] 22/8/2005 16:00

his cityfarmer, ive held just a few of these since mid 04.
keep them as a super-long call on the ftse.
in partic liked fact that no bank debt, so no dangers even on horrible ftse drop. and of course many years to run.
investment performance of manager hasnt been too bad either.

[cityfarmer] 22/8/2005 13:08

Starting to move again don't get left behind.... Somebody please talk to me on this BB as its getting a bit lonely just talking to myself!!

[cityfarmer] 11/7/2005 15:27

Spread has narrowed today, NAV on Friday was 19p and bought today at 0.855p could well be worth a flutter with FTSE breaking new ground every day, wind up date 2017 so plenty of time to make a few pennies........

[cityfarmer] 07/4/2005 14:26

Been a long time follower of these and have just popped a few more in my ISA . Due to the spread you have to be in for the longer term but could very well be rewarded well before 2017 when they wind up.

[purse] 22/2/2005 15:10

Being shafted today along with a number of CAPS

[opthalmist] 15/2/2005 13:36

Rising again - delayed trades?