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Divi held and share price up, nothing to complain about here for me
Gla
Took an early div as profit when sold and moved it all over to LnG and Phoenix and some RR
Jaw buy backs have already been committed to, I would expect this to continue going forward to reduce the dividend liability and ensure levels can be maintained, as you say the market would like punish any significant drop in the dividend amount, but if it stays above 8% that's still fantastic and I think this would still be seen as a positive going forward.
The dividend is already exceptional, so maintaining it is fine with me and will give confidence to the market. The company is in a good place and has performed very well since its inception, considering this was only months before the pandemic, they have outperformed most others and maintained a fairly steady value, during all the turbulent times that have followed.
The dividend is market beating and the share price is strong, what's not to like?
£2.50 is easily achievable before summer (as I have stated on several occasions previously) and when the world settles down, interest rates drop and the economy starts moving again, who knows where this could go.
My original target price from some time ago was £2.50, I am now revising this to £2.80.
Good luck all.
Agree Cheapshares
The dividend yields are excessive on UK financials at present and they are locked into paying the same level of dividends going forward as they will likely be punished by cutting the dividend (unless they commit to BBs in lieu). They should hold the dividend roughly where it is for the foreseeable and either invest in the business, reduce debt or execute regular BBs - they just need to explain the balance to the market .
Absolutely.
13.2p divi plus sp up 7p. That's 20p to boot this morning.
I'll take it.
Can we now get the re-rate to £3 share price?
Needs a new trading range
A couple of broker upgrades might help with that
Reported £797 is reported to be substantially ahead of expected £750m maybe that's why the reaction was positive. 13.2p divi was underwhelming but excessive divis are pointless often times.
Nice set of results and onward momentum in the share price.
Good to see solid results and divi maintained, been invested here since 2020 and divis were maintained during covid, boring but reliable, especially after my core divi holding of Glencore cut their divi by near 75%,
Slightly depressed the divi didn't rise (under inflation) to 13.5p, but so it goes. Have doubled my stake in the last year, at roughly my "long term" average of £2. Expecting a flat day, but would be very happy to be wrong. And will probably stick my divi back in here if we're still around £2.30 when the cash arrives
Divi raise you say? Last year Interim 2 was 13.4p this year 13.2p.
M&G beats profit forecasts with 28% profit growth,nearly 10% divi for my investment.
Reliably boring results, slight divi raise, even though the Sp is broadly flat over four years the divi here makes it a core component of my boring but profitable folio......
Operating cash generation is above consensus at 797m.
Not sure if this beat will have any benefits for the share price today.
Now to waste a couple of hours trying to understand the results including “Heritage”. How/why they are permitted to indulge this particular fantasy is beyond me…
Good evening sidi, thanks for the warning, I will have a handkerchief at the ready lol
Let's hope it is exceptional then
Best of luck my friend
Good evening robleo mate. Let's hope so, but companies shares drop like a stone on the reporting day is kind of norm these days, unless the reading is exceptionally good. So, fingers and toes crossed. Wish that there will be nothing nasty to come out on the day. Good luck and have a nice evening. Let's bring on tomorrow!
Absolutely - hopefully this will be top of the FTSE100 tomorrow!
Hopefully tomorrow will be a blue up day for us and not a nasty red one
gla
Https://www.mandg.com/~/media/Files/M/MandG-Plc/documents/investors/2024/mandg-plc-consensus-pdf-february-2024.pdf
Link to a document on the M&G website averaging analyst views….actual results Thursday.
It has been holding steady around 230. Suggesting little excitement, and steady numbers in line with expectations are coming.
Hopefully they are seeing green shoots of recovery in the Asset Manager and can tell a story about Wealth (they will be asked about compensating clients when annual reviews may not have taken place - PFP, Sandringham and Continuum provide the exposure to this risk). MNG probably just make the top 20 that the FCA is seeking data from.
M&G PLC Full Year Results Thursday 21 March
Fingers crossed on results and continued upwards trend.
Added a few.
Results are next Thursday.
A bullish update and another divi increase will hopefully see 230p pegged as a base before heading towards 250p (ex divi period excepted) and a bid of 350p... :=)
Can’t see what is going to cause this to go much higher….it seems to be hitting resistance around 230.