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Thankyou Blahblahdoh - that is something I had not. considered. May I ask . if you are an income investor. and, if so, what percentage of MNG. do. you. have in your. portfolio?,
I agree to an extent kentio, but I don't think institutional investors or analysts misunderstand the company, I think it is the likes of us retail investors, because M&G don't operate like a typical business, they are mainly focused on generating capital in a largely opaque way, mostly from dormant legacy businesses. Capital generation seems like a dark art, even the practitioners seem to find it difficult to describe, so maybe this is where uncertainty creeps in and puts off professional investors?
Since launch, M&G have proved excellent at what they do, but their capacity for capital generation has limits. The management team seems excellent, but their ability to successfully generate new revenue in tough conditions is unproven. It appears that the performance of their newer initiatives is what will drive the SP, rather than the fabulous dividend
cheapshares, an excellent dividend yield here at the current sp i think, also lgen and dlg plus phnx may be worth a look, could drop further of course, but same applies with all shares at the moment, good luck what ever you decide
Noted Blahblahdoh. AS I am sure. you. are aware MNG very shortly. after. the. demerger stated. it was their objective to. either. increase or maintain the. dividend and unless there was. something very wrong with the. company they. will not . wish to be seen as. failing. to. do that. With regards. to the. SP, may analysts either do not understand the. company and are too lazy. to do their research because MN is not seen as dynamic. company, jus a steady old plodder like. LGEN. I. would. fate. LGEN as of slightly better. quality than MNG but. look at their. SP - more or. less mirrors that. of MNG There was tentative interest. from Schroder a. short time . ago . I. don't ·think a. company of Schroder·s standing. would be interested unless it was a. very. good proposition. I believe. the. medium term. for. MNG. will be. fine and if they. maintain (at east) the. dividend the. so called. "experts". will wake up to its·true value.
It is more accurate to say that M&G inherited all the UK and European assets on demerger, not necessarily all the "good stuff", since the Asian assets are predicted to enjoy much higher growth rates, for decades (eventually! hopefully!).
It's true that M&G have proved many people wrong by sustaining their progressive dividend policy from the start, even during the pandemic, when most companies, including FTSE100 companies, cancelled or slashed theirs. Investors from the start have already recouped a large portion of the price in dividends. Management can be trusted to continue the policy and have the ability to do so for the foreseeable future.
However, I would caution people to think about the long term future of the dividend, and how it can be paid. This concern is probably what constrains the SP at these levels, when a casual analysis might suggest it should be much higher. M&G are in transition, seeking new sources of revenue. They have made limited progress so far, so it's game on.
LondonCentric - is this your best ftse100 buy?
I’ll looking at some shares to buy with dividends from Vodafone and Ig index. MNG looks good, tp icap looks good to but they got the cum-x trials hanging around which is a problem. The yield here is huge?
I thought it was "*****s drawers"?
"Stable income" eh? Someone is having a larf, the EPS is up and down like a fair ground roller coaster.
spot on LondonCentric, spot on.
Trade it if you want, and there are oppurtunities, but if you are like me, tuck in the draw, go away, and come back and think wow, on both an income and SP appreciation basis. Forget the noise, follow the fundamentals.
Thank you for this synopsis. I was impressed how they assisted with the Fibrus deal here in NI and expect more to come. M&G are growing to be innovative and conscious in terms of infrastructure investment and setting the scene for future growth and consistent dividends. Good luck to you and all.
What you have to understand about M&G is after its demerger from Prudential it was left with all the good stuff. M&G invests in and manages a wide range of assets including Equities, Fixed Income and Real Estate. It also manages more esoteric assets within the private finance arena such as Structured Products (including CDOs), Leveraged Finance, Project and Infrastructure Finance. For doing this it charges a fee, hence no capital is at risk. It has been cutting costs to become more efficient & also investing into fincap such as money farm etc. Its a great investment at these prices, trillions of new money has been printed & M&G is well placed to manage this new money & charge a fee. At current prices great buy should be a £3.50 share when the market comes to realise. Good Luck All