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.
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.
Thanks for reminding me Meconopsis. So, we may not see the same share movement this year ? Well, let's see what will happen on Monday then. Hope that the rebound will continue. Thanks again my friend.
“ Well, both LGEN and MNG started falling from this point last year. ”
Do remember that Silicon Valley Bank collapsed on 10 March last year and took 20%+ off financial services share prices.
Well, both LGEN and MNG started falling from this point last year. I don't know if the same movement will be repeated or not. If I want to sell, then I must do it now before the drop occurs, but I need to see what will happen on Monday morning first then decide. Enjoy your weekend mate and good luck to you.
Hi sidi, this is the time of year you have to make some difficult decisions, i confess i'm an expert at making the wrong one's that's guaranteed, so what ever i say do the opposite, i'm convinced someone has put a hold or sell curse on me lol
mng at a year high/lgen possibly heading for 60p plus/aviv currently at 467,70 and Lloyds making it's way to 50p again
One thing i don't have to think about is Vod, maybe if i live to a 100 i may break even on that one
Best of luck my friend what ever you decide And good luck to all mng holders
Yes robleo mate, good evening. Missed the last chance (both LGEN and MNG). Now, the second chance seems near again, but will the upward movement carry on if I sell? So again, decisions, decisions, decisions. Hahaha
Sidi, it looks like those second chances you were looking for may have arrived? things are looking up again
good luck mate
The market seems to be taking positive notes from the LGEN and AV into MNG…
LGIM operating profit fell by 20% - driven by lower AUM and cost pressures…..how will the MAGIM side of MNG fare? Possibly better due to improved performance and action in hand on costs
They have in the past put a concensus paper on the website a day or so before the results.
Covering the dividend with operating cash flow would be a good start….divi cash cost flat but total raised bc of the Buyback.
Progress on the cost saving agenda and capital generation targets
Improving Fund Perforrmance
Sorting out the platform and advice businesses in Wealth.
Pointers to come from LGEN and AV next week about how the larger life offices are faring.
£700m of profit, lots of confusing numbers, lots of fine words and a divi up 3%.
What are we expecting for the results?
Last ones were ok I think - someone might call them average - but they definitely met what was expected.
What is the current expectations?
Cheers all, thanks
Instead of using a third party forecasting site's guess (dividendmax) have a look at what M&G publish!
See https://www.mandg.com/investors/shareholder-information/dividends .
According to M&G, dividend will be announced with results on 21 March 2024; ex-div on 28 March, record date on 2 April, payment date 9 May.
Check on the Dividendmax website, an accurate source for this sort of info.
My guess would be with the full year 23 results give or take a few days which last year was 9th March .
Hi, Does anyone know when the next divi will be announced?
I am waiting for my second chance to get out if it gets back up to the 230's again. I believe the chance of falling back to 200's after going ex-dividend is quite possible just like always.
Selling before the dividend entitlement and buying back when ex-div converts the dividend income into capital gain (if xdiv is the only movement), so if this is a GIA transaction you may prefer to have the divi (if within annual allowance) or capital gain (which has a lower tax rate if outside the annual allowance). In an ISA/SIPP there is no tax effect so in theory there should not be much to be gained by selling around the XD date…….but these are volatile times….good luck,but I will be holding within ISA/SIPPs rather than trading.
Hi guys, I spoke about that with sidi with regards to lgen as it reached it's peak last year the day before results day then dropped down, it then started to rise again on approach to exdiv but didn't get back as high
with all that's been going on there are no two years the same anymore to compare, we will just have to see where they go I confess i have a terrible track record for timing these things myself
good luck whatever you decide to do
Thinking of selling on the ex divi date this year so I will lock in divi and profit from any drop in SP before buying back in. Was going to do on a previous year but SP rose for a month or so before dropping . Anyone got any advice on timing.
Indeed robleo, the world, oh and the stock markets have been unpredictable since the beginning. Waiting for the best exit price is always risky, but we are merely human beings. Greed is born within us, lol. 😂 😂 😂
And thanks for the suggestion Tambo.
Well, let's hope that we'll see a higher SP before the final results or before the ex-dividend date.
Have a good day both of you and everyone.
Also good luck everybody.🤞🤞🤞🤞
Sidi & Robleo - My preference is to sell half of LGEN and MNG a day before ex-div. Managed to capture an annual dividend after each of the interim and final ex-div dates over the last 4 years, before commission and stamp duty.
I'll get it wrong one year.