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Absolutely agree. Prob many. shareholders are pensioners like me and. depend on. high dividends. If they cut -- I sell
In my opinion most peeps are invested for the high dividend if LGEN or MNG cut it, I think the price will tank
Eyes will be on LGEN next week when they hold a capital markets day.
If LGEN resets its capital returns to have regular buy backs and a reduced dividend, then MNG may follow suit.
I see it as rather pointless being locked into a £500m dividend payment if £250m dividend and £250m buy back has the same / better reception in the market.
MNG does not own these properties itself so the direct impact is on the funds that hold the property…..MNG experiences lower fees where these are % based…..limited effect unless this becomes common across the commercial real estate sector.
So with reduced rents that impacts the bottom line for M&G, is it enough to harm the share price though?
Sean1986, Good Morning,
I am following phnx at the moment , but will buy once it does hit my buying target though will
Start buying around mid-end of June in drips regardless the sp (saw the big boys are shorting phnx now).
Good luck with your investments.....ATB
Dentonxxx، Good Morning,
I tend to buy in drips though *usually* my first buy is the largest one, I would keep adding
More when/If possible when the sp is lower than my current average (re investing the divi won't apply).
I hold L&G MNG BOR RKH & Shorting lloyds (SB).
MNG current price is lower than my average, will add more if it goes sub 195p (about £10k worth of shares). ATB...IMHO-DYOR
You and me both M-D, I trade twice a month if there’s nothing happening, a regular investment with II and a free trade at the end of the month. Whilst it’s this low I want to build, I want the smaller divi to pay £1000, and I have some way to go, but now PHNX is looking good too. Politics aside, taxes will need to rise, or public spending reduce. The astute are taking advice and acting, if you read the finance pages in all forms of news.
This has £££ written all over it, and the pickings are there for us for the time being.
New investor to the insurance sector here enjoying reading this board & the posters sometimes doomsday predictions as to share prices & the next governments intentions, thanks everyone. I'm a fairly mature fella so have seen a few general elections & my four-penneth is that the current Labour Party could be closely aligned with the Tories of 30 years ago. I'm not at all concerned by the prospect of a Labour government & I'm happy to say that I have no allegiance to any political party.
Anyway, I have a nice lump sat in my Stocks & Shares ISA which I want to split between MNG (35%) LGEN (30%) & PHNX (35%) & prices are creeping closer to my buy in prices, set some time ago, of 190 for MNG, 240 LGEN & 485 PHNX. The question is do I aim lower or will I miss the boat if I do so? I don't expect anyone to know the answer to this by the way. Good luck all.
**to add again here 190s if possible**
I really hope it will go to 190p or even lower cos I haven't finished adding. ATB
Morning All
Best value is right here in imho, LnG too high to re-add as history shows even in the good time they cant sustain any decent
price hold ie more lows than highs, Aviva getting near the 500p mark, and I think as a divi hunter, more pound for your buck here, Phnx is my second favorit bargain , been here since covid and used to the drops and looking to add again here 190s if possible
Sean, as we all know , the markets hate uncertainty, i'm holding back cash from all my dividend shares at the moment apart from mng, will be reinvesting where i can see the best value/mng/aviv/lgen or psn i only add if i can reduce my average otherwise the funds get it, some wobbly times ahead, but if interest rates start dropping as predicted where will that take us, not easy is it ?
This is a share to buy, that’s for sure, robleo. It’s going nowhere during the election, it may well drift back below 200.
It’s time to buy below 200, and sit it out. You’ll have seen RR state that there will be no emergency budget, but a budget 10 weeks after the election with an OBR report on it. That’s over 3 months to accumulate 1000s of extra shares in a market that isn’t particularly dynamic with the polls showing a favourite.
Time to add.
Too much scaremongering and armchair politician crap going on at the moment guys, just stay focused on the reasons you invested here in the first place,one of the best dividend payers and a good chance of an increasing share price
best of luck
"Snake eyes, as a lower rate tax payer I believe you are safe, but worth asking." :) - Happy days Sean, appreciate you sorting that out for me. I assume that was your attempt at humour or an insult?
Still waiting for M&G to tank on 23/5, it appears to have been delayed. Perhaps you would like to revise the dooms day date prediction?
That aside, I prefer to comment on M&G, rather than trying to insult other posters or worrying about what the next government may or may not do, but you knock yourself out. My opinion is M&G will remain strong no matter what colour the flag is at number 10 and I look forward to the rise in share price over the summer months. Nothing you have posted changes my opinion that this is a strong and stable company and a sound investment.
I think you’ll be ok til Feb, Paul. Some stuff can be voted on the following week, some stuff is legally intensive so will take some time.
Personally, I hope nothing happens before April - as I'm 55 in February and will be taking out 25% tax free as soon as possible - whether we get a labour or tory government (I don't trust either side not to keep tinkering and raiding pension benefits)
Jatw, IHT could not "easily" be imposed on pensions; it would be fraught with problems. How would the tax be paid? What would be the impact if money needed to be withdrawn from the pension to pay the IHT (as it would invariably have to) and any future payments from the pension. It would also potenitally drag a lot more people into IHT, which is not the easiest tax to administer.
Also, it should not be forgotten that inherited pension pots do not escape tax entirely. Yes, the money can potentially be withdrawn tax-free within two years of death but the money then loses its future IHT protection. Alternatively, the money can continue to be invested within the pension wrapper and withdrawn by the beneficiaries to supplement their personal income at a later date, at which point it becomes liable to income tax at their marginal rate of tax.
It would be far better and easier to strike at pension reliefs at source. First and foremost, removing higher rate tax relief on pension contributions would save the government £billions annually (it's inequitable that many higher rate tax payers can obtain higher rate tax relief on their pension contributions but only pay basic rate tax on their pensions when in payment). They could also look at (further) limiting the amount that can be taken tax-free (the vast majority of pensioners can only dream of being able to take £268k tax-free). Plus, they could remove the two year window to remove all of the funds from pensions tax-free after death (this tax relief is pretty illogical and overly generous).
From an IHT perspective, more probably should be done to limit PETs whilst at the same time looking again at what assets are liable to IHT. Personally, I think there is a rationale for your principal private residence to remain within IHT, but other assets less so. IHT is far too punitive for assets that have already been taxed in your lifetime.
I am voting for that nice Liberal democrat gentleman, not because I think his party will win but because it is smart for that party (possibly with Reform) to hold the balance of power and therefore cut the extreme edge off Labour policies. If you are smart, you should seriously consider doing the same. MNG are a decent dividend payer. I believe BoE will kick off with a 0.5% reduction in June and that will send a lot of investment into shares like these.
Jayw, I think you are right in that we probably have until April to align our ducks. I can see the first budget pushing through the big ticket already announced policies.
By April I think they’ll be ready to start with the tax reliefs etc, showing their real colours. Windfall tax on banks would be my guess, as well.
I think we can all agree that pensions that have not been converted to annuities are a huge pool of assets that are being accumulated tax free.
The current rules are the best they are likely to be, so if you can why not take the money (tax efficiently).
Labour has said it wants to consult about how to improve pensions, I cant see them changing anything prior to next tax year when IHT could easily be imposed….perhaps more substantial changes in 2026 following consultations.
Jayw, it’s very interesting what we think Reeves and Kneeler can or will do.
I place the full allowance into my SIPP each year, so whilst I’m still a higher rate tax payer I’m not paying the 60%. They are going to ruin my day! It won’t be at the emergency/ first budget, but within 12 months.
FWIW, I think the LTA has gone forever, where I think the pain will come is tax relief and the tax free lump sum. They’re not going to be interested in doctors etc when they are retiring, they’re fair game at that point.
The papers are happily reporting big money moves out of pension funds at the moment. Imagine if you took your 25% lump sum and invested it in an ISA.
Only the dull are sat thinking there’s not problem here, the smart money is moving.
Snake eyes, as a lower rate tax payer I believe you are safe, but worth asking.
If Starmer follows the TB/GB playbook he will follow the existing plan for a year or two and let the economy grow, then start spending more to justify a second term is needed.
While there is chatter about LTA and TFC, these are difficult things to change - many powerful people want their TFC and increased total pension without penal tax rates. Labour cannot afford to attack its senior doctors / head teachers / senior officials. Allowing the real value of TFC to decline with higher inflation is the current approach. I would expect IHT to apply to pensions (cant really understand why it is exempt (same for business asset exemption for some AIM stocks)) and also some additional minimum drawdown rules to apply. I dont see state pension being clawed back from pensioners, but reducing NI and raising IT does charge pensioners and could be done instead..
As far as I'm aware there is virtually no data supporting this in recent history. Extreme wealth is all bark and no bite with regard to just 'threatening to leave'.
The effort required to upend one's life/assets for monetary savings that, at this level, are fairly trivial, just isn't practical.