We would love to hear your thoughts about our site and services, please take our survey 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.
I have been tempted to invest in this stock because of the dividend
I intend to keep it as a long term holding within my portfolio. Therefore daily / weekly / monthly price movements are paper ones to me
Even if there is zero growth in share price , but the dividend is maintained , then an annual return of nearly 10% is a good one within an overall portfolio
My risk is them being able to maintain the dividend at these high levels .. I don't understand their accounts , so I don't know if they are financially strong or weak and accordingly how sustainable their dividend is
In the interim accounts published recently they confirmed their commitment to having a progressive dividend policy ..they are branching out in a big way in eco friendly holdings which sounds positive
The huge worry is that they actually made a loss on their investments ( presumably their clients ones) of $300 million , versus a profit of $800 million dollar profit last year ..
They kept the explanation low key explaining that these were just ' temporary ' fluctuations in investment returns and that underlying profits have actually risen
Can anyone unravel this and translate it , into whether it is good news or bad news or irrelevant.
Thanks
Hi Falky, yes SP is totally nuts not that I have any but my son is thinking of havng a go. Perhaps it's all to do with covid which seems to have made our government into a bunch of nutters too.
And Pru.
Very strange share price. I thought this would linger more in the £2.50 range.
If it’s a wash trade of a hedge fund selling across its own subsidiaries then the risk is zero.
At least the run was good for a while, I always find it amazing how 100k cash worth of share transaction can knock 1.3% or 60+ million of the value of a company in 10 mins of trading.
A nice rise today, let's hope we can hold onto it, probably a good decision topping up when the share price is down gold5, wish I had a low average here like I have with leg, but hopefully it will get back to my 240 average, seems to be moving back in the right direction
Very Happy here, Plus excellent divi, have topped up over last few weeks on two occasions.
Anything is possible when you consider the dividend is 9.1% and that the FTSE has only gone up 8% in 5 years compared to dow which is up 100%/SP 120% in the same 5 years.
If the dividend was compounded over 8 years you would make 100% of your original value plus your original investment. with this, in mind 250 is very possible.
If this starts dropping now, we will all be pointing the finger at you Karv1 lol, hope your right though 250 will do me I'm not greedy ?
Probably going to jinx myself, but I get the feeling that MNG is holding up fairly well, a month ago we would have been one of the worst-performing on a day like this, and on the last few down days it's been the auction that has done the most harm. Maybe this could be the tide slowly turning time will tell.
On a plus note, the clock is ticking down to the next big dividend which should start to help as the month's pass.
yea cheers Karv1, lets hope it does get back up to the 240 plus again, this is 5% of my portfolio, so not worried about it too much, but it's still dissapointing when the dam shares drop after you've invested, and annoying lol
fingers crossed guys, let hope it starts creeping up again
We just need to be patience , You have to ignore the spikes and drops over the next 5 years and you will make 45% to 50% in dividends plus hopefully in time profit on your position if you are willing to hold that long
With a 5.2billion surplus, I would say the future is looking fairly safe with good returns unless the MNG news/results are ultra bad, but without an update, we are all in the dark on how well or bad the company is doing, from what I have seen a lot of other companies have added funds, I am hoping this is a good sign.
Mrg123, hope so, tough times at the moment, dividend is good, but doesn't make up for this big drop in the sp, lets hope we see a big improvement next year
No reason why the SP will not go back to 240+.
a big mistake on my behalf investing here, bought it at 240, as it was looking like it was heading towards 250 plus at the time, just bad timing on my behalf, anyway hoping this will get back up there, i expect my best chance will be on approach to ex div
coming April, if not will hold until hopefully things will improve
Puzzled by recent share price, 'still hoping it will bounce before the year ends. JJ
Indeed .. and no holding costs for funds unlike other providers.
Just like to point out interactive investor super trader account is £19.99 pm not £9.99pm. however still a great deal I .M .O.
“Hello Trek, £3.99 per trade? Which broker do you use if you don't mind me asking? Thank you.”
Interactive investor super trader account. £9.99 pm which is credited back as trades then £3.99 a trade. I do about 6-12 trades a week so it costs in.
Trek
Hello Trek, £3.99 per trade? Which broker do you use if you don't mind me asking? Thank you.
Sell half before the ex date, buy them back after in a couple of tranches and then manually re-invest or keep the divi cash when it arrives. I pay £3.99 per trade so it costs in and smooths the returns.
Trek
Dividends are becoming almost pointless, with many many shares not rising into the ex-divi date, and then falling a higher percentage, some nearly double int he days/week following the ex-divi date, making it almost pointless to hold, even solid performers like LGEN have been the same.
That said, this is very nearly at the price I flagged as a possible entry point for me.
Agreed, this morning I’ve just double my Wife’s ISA holding looking to sell the “220’s” on next rise. If not just take taking the div’s.
I agree the dividend is excellent, but it loses it's worth if the value of your holding constantly goes down, I'm down nearly 20%.
I wish I put my money anywhere else at the mo.
I'm sure it will come good in the long term though.
Don't need it for another 15 years.