Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Re Coutts.
Announcing it beforehand, and moving from an under-priced market to an overpriced one.
Who is their advisor? Gordon Brown?
Coouts plan to de-invest £1.9 bn of its UK holdings and replace them with North American and EU stocks. It says it current allocation of investment to the UK has become outdated.
Coutts' parent company Nat West is partly government-owned.
I've got 54k shares average £2.20 so hoping it will move back to those levels. Gonna keep now until next dividend. Will try and top up and bring average down a little. Biggest holding ever.
I'm in! First time holder here, but I've added this to my stable of SIPP divi shares. This looks a very good price for this. Aiming to hold long term, re-evaluate if it gets back up to 240p.
Well, I’ve topped up again, making this my largest holding.
Seems to be a no-brainer to get in below the £2 mark. I’ll exit at £2.20 whenever that will be…
Mary
MNG are not immune, to market turbulence and turbulent/volatile external factors - IMO ...but of course ...it is then about the post "normalisation" !!!
2023 - " Experienced £6.2 billion net client outflows in UK Institutional Asset Management (2022: £2.3 billion) triggered by the 2022 mini-budget crisis and the ongoing de-risking of Defined Benefit pension funds, with market conditions expected to normalise in 2024.2
Watching this
but I agree it is all dependent on the external factors and whether inflation/war/interest rates etc ease up ....regardless of whether the SP has fallen " a lot already"
197p to me was the price to which the market was going to sit and wait and see ..... and at this stage no one in the markets quite knows which way things might go... never going to be that easy
I guess a lot of professional players have hedged bets .... some bets short and some long ...across markets
US jobs figures today ...some already betting they wont be as strong as estimates,
Everything just moves on betting on the data, and reacting to the data
Labour will cause a relief rally that the Tories are out.
MNG pretty immune as all those pension paypackets go into funds monthly as most people rely on fund managers.
About time the Aussies bid for this.
Yield is magnificent plus trading back to 240 perhaps - added.
always the case when you pile in thinking that your buying lows then use up all your gunpowder, only then to see some torie or labour t****** goes and ffs it all up and it manages to find even more lows, you then realise you have shot your load with nothing in reserve
I'm one of those 'buy below 200p; sell above 220p' investors. It generally seems to work ok, particularly if the timing means that you snag the dividend too. I've just bought back in today at 198.7p (but obviously too late for the dividend this time).
What happened to the takeover talk that was lifting the SP last year? Was it actively denied or did it just go quiet? Might it come back?
Over the last few years these always seem to have a run up to the dividend payment date - 9th May this year. As you'd expect really with people anticipating the dividend re-investments.
Hasn't happened yet this year but I wouldn't bet against it starting at some point. Exact timing obviously impossible, but they just don't seem to spend too long under 200p whenever they do drop. Downside looks limited so it's a good place to be adding if you're so inclined. Can see it being back around 220p soon enough.
Calokey - "Freefall"? It's down 1.65% over the last six months price, 11% from all time price and 11% over the last month, the dividend is 10%? Did you buy in at all time highs? It's definitely not in "freefall".
£1.60? - zero chance (world wars and further pandemics aside)
The markets have not recovered, all time highs are the norm over time and the markets always surpass previous highs over time, that's always been the way and will continue to be so. Prior to dividend M&G was actually up close to its highest ever levels since inception (barley 5 years ago).
When the world settles down it will continue to rise to new highs.
Best of luck everyone.
Calokey, you sound a bit negative if you don't mind me saying, I think most people are here for the generous dividend, so short term lows are not too much of a problem, like most dividend shares they are not known for growth they generally just go up and down within a range throughout the year, I can only speak for myself but i would be happy for this to stay down until i have reinvested the dividend, then like everyone else would like to see it go as high as possible, then revue the situation/price before next years exdiv, also hoping there will not be any dividend cuts
fingers crossed guys
Free fall?
It's had a whacking drop after the ex-divi date, but last five days = -1.55 (-0.78%) which is hardly free fall.
I have no idea which way it will go, but looking at the positives it's possibly oversold now, it has a huge divi that should attract income seekers, it's got a dividend payment date coming up that could trigger re-investement.
None of these guarantee a bounce ( and macro conditions trump everything ) but they are all factors that could defend the share price. For me I've invested some the other day at 1.97 - I always do it in tranches so if we do lose further ground I'll add at 1.87 or so ( -5% ) providing nothing untoward crawls out of the woodwork.
Added, small.
Well, that's exactly how I see MNG. If a strong market unable to make MNG SP going up, then what will happen if the market turns weak? The market has already been rising for many sessions. It should be about time for it to take a breather. This is what putting me off from buying back my shares.
Of course, may be I am a bit overthinking it. This probably will start to rise from tomorrow on and back to over 240 again soon, but we still cannot rule out the possibility that it will continue to drift lower though. 😂😂😂
I love this Chat Board. It's has optimism built in. People hoping for a big drop in interest rates and then there are people looking for 'peace in our time' across the world. What's happening now is that MNG is in free fall and there is no sign of any brakes being applied to stop it. I read of 'topping up at 180' and 'reinvesting dividends'. If this SP drops to 160, and it could, then we'll all see our investment take a hit. Hoping this recovers for all of us. GLA.
Just read that 91 out of 97 economists in a Reuters poll expect the ECB rate to be cut from 4% to 3.75% on 6 June unless oil price rises dramatically.
Markets have recovered mng has not snakeyes you are missing the point the market has already recovered and posted all time highs mng has not benefited from this down 12 per cent year to date compare this with aviva up 7 per cent year to date Lloyds up nine per cent year to date Barclays up about twenty per cent year to date i think their is a company specific problem holding this back you cannot just rely on a interest rate cut just to reverse the fortunes of the share price mng may not even benefit from that as it sure has not benefited from the ftse100 being at all time highs
I agree with Snakeyes.
Personally I see this as a buying opportunity before rates are cut. That could well start at the ECB meeting on 6 June - or 18 July meeting. UK looks next in August with USA in September. There might be a dip with the UK and USA elections but after that with further rate cuts likely this should go much higher - with the caveat of the Middle East situation etc but in that case we will get circa 10% dividend if buying now. I'm in. GLA
I see absolutely no chance of anywhere near £1.80, the only way we will see that is if there is a further world event, as in an escalation or widening of the conflicts, however if you believe that to be likely, my advice would be you better sell everything you have as the markets will drop massively across the board (not just M&G) and money (on paper) will be lost across the board, so any gain made from waiting to buy more would be swallowed up by what you had already lost.
For my part I hope, and believe, we will see a de-escalation in tensions, a levelling out of inflation and a drop in interest rates in the coming months - should this prediction be correct, we will see a start to recovery for M&G and the markets in general.
It's easy to predict this, and the markets, will rise and I can be confident in saying that, it's harder to say exactly when, but it will happen.
It all comes down to what you believe will happen in the coming months and also how long you are willing to wait, for me there is no rush and if I get it slightly wrong, then I will just sit, wait and hold a little longer (and collect my dividend), it'll all come good in the end.
Best of luck all
You are not missing anything, the company is as solid as there is out there, this is a sound investment with a massive dividend to boot. £2.50 by summer and who knows where beyond that when the markets really recover. Bear in mind the short lifespan of the company as a trading entity and what it has had work through since inception - a pandemic, the financial fall out of the pandemic, spiking interest rates, war in Ukraine and war in the middle east.
Seen_it believes the market is "at it's highest", not sure what the basis for this is, as I say it is no where near. There has not even been time for a proper recovery since the pandemic and we are still seeing the after affects, add to that the ongoing war in Ukraine and the war in the middle east and you can see why the market remains subdued and depressed at the moment. If the threat of further escalation in the conflict in the middle east is taken out of the equation then we will see a small start to the recovery. When both wars/ conflicts are over (may be some time yet) and deals are struck (as they always are and should have been before now), along with a drop and level out in interest rates/ inflation to something far more sustainable long term, then we will start to see a full recovery and my guess is that £3 or beyond is not unrealistic for M&G.
Dividend has been maintained throughout some very difficult time, employees have had generous pay rises and bonuses, the company results were decent, so all in all there isn't much to not like.
Hold or add, it'll be back up to £2.20 shortly and then far beyond that very soon.
Caveat as always - this is assuming no further escalations in conflicts and barring a further pandemic.
Good luck all
With MNG at a discount, £1.97 as I write, I have topped up another 500 shares but considering adding more. Anyone know anything that Im missing here? This dip has remained firm.
Well there are some people who are happy to see their capital value of their shares go down by ten per cent after ex dividend to get the yield of ten per cent yes unloved at the moment cannot see anything to lift it very strange indeed
..... ..why this is not bouncing. It yields over 10% and interest rates here are definitely going down as we approach General Election,