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Doesn't appear to have tanked?
All shares are far more volatile at the moment and have been over the last 4 years, than previously experienced, but that's just the nature of the market and global conditions at the moment.
M&G won't "tank" or collapse, the share price will rise, regardless of which party is in power (not much between them these days anyways).
£2.20 on it's way soon, then we are off towards £2.50 before summer is over.
Good luck guys, I'm enjoying reading the new comedy section we've opened up.
Already denied by Labour. Expect the emergency budget to offer the bribes to poorer voters, with a couple of stings for the £100k+ workers.
I suspect the LTA and, most importantly, the 25% tax free £250k allowance to be hacked away straight away. Loads of commentators are on to this. Your average Labour voter is never going to get that in a pension pot, let alone have it as a tax free lump sum. That is a prime cow to milk.
Wealth tax, I guess more wealthy people would move abroad.
Interested in why you don't think it'll be at 1997 level?
From what I see I'm expecting far worse. The whole conservative party has essentially broken at this point, too kowtowed to the loon fringe to appeal to the wider-public, too concentrated on furiously rejecting objective realities to conceive coherent policies for the future, and too devoid of brainpower to operationalise any policies they might come up with. Granted, I could be suffering from a sampling bias, but I engage with different members of conservative groups all across the country and the level of disillusionment is just so much higher than I've seen before. Just a real sense of despair at this prioritisation of farce like Rwanda and culture wars nonsense over tangible attempts to make even a scintilla of positive change to the country.
Wealth tax is the way to go imo. Income taxes are certainly a little broken in the country at the moment and are broadly taking the wrong money from the wrong people.
I think there will be a few people sitting with a percentage of cash on the sidelines as it gets closer to the election.
Despite it being almost nailed on Labour, the market will go one way or the other the following day and may present some opportunities.
Spot on Robleo. Nobody is here to lose money, we all trade/ invest to make things better.
Hi Sean/Paul, i'm not really into politics, but the people of this country will be voting for who they think will do the best job, this is a democracy after all ? also we are living in such an unpredictable world, who knows what events are in front of us, as for mng, we all know this is more than capable of dropping back to 170 if things turn ugly and also the ftse is currently breaking all time highs, on the other hand with inflation dropping and interest rates to follow this could go a lot higher if only it was that easy to predict then we could all be very rich, i'm currently quite happy with my average here, but will be holding any dividends from other shares in cash for any future top ups
best of luck with your investments, and hopefully we will get more highs than lows
read the newspapers the. research railway nationalisation.
for some others here, start research rachel reeves speeches, she’s told you her co**** plan already.
Apologies for of topic but I can't see why Labour would want to nationalise water, electric, railways, etc when they can just windfall tax the hell
out of them, and leave others to take the rap for operating efficiently and making cost savings, redundancies, etc?
Futures are down. Let’s see which parts of the FTSE are hit tomorrow
Hi Rob, because the easiest way to raise the money to nationalise rail, possibly wate, without borrowing is by tax. Income tax is too high, and they know this. Why not tax profits.
You can Google Rachel’s interviews and have a listen. Ordinary tax payers are probably the only ones that are not initially going to reap what they sowed…
Piccy, a 10% drop is classed as a collapse.
Sean, why would the election make any difference to the mng share price ?
Or, more probably, not. There may be a little volatility in the next 6 weeks, but the market has already priced in a labour win. Probably not a 1997 win, but largest party by a bit. M&G, as one of the bluest of the blue chips, will probably be higher on election day than now. It’s not going to ”tank”, certainly not tomorrow (by ”tank”, I mean a drop of 10%+).
Well, now the election is called! There will be no meaningful news from MNG for months, there will the insipid reality that Labour need cash and that it’s first choice won’t be general taxation… to start with.
Think big picture, think SIPP and pension lump sum allowances.
An emergency budget with a large majority is a new law being voted through within weeks.
Now think a collapsing share price as the market hopes for the best.
This is time, gents, no doubt about it.
Rather than call names, and be that keyboard warrior, perhaps stick to facts the subject matter that is Phoenix?
It seems to me that Gary was only making a general point & that someone on here grossly misinterpreted it & rather childishly took it personal. Perhaps the keyboard warrior that is Sean needs to wind his neck in & think before he posts. Not a good dinner party guest I think, ha!
Sean1986 - Bit touchy aren't you, my inane & pointless post as you so intelligently put it wasn't aimed at you, I haven't a clue what you are on about & I'd like to point out that the whole world doesn't revolve around you, but I expect you've been told that many, many times.
Now go look in the mirror & repeat 100 times "I must stopping being a tw*t"
Hindivihunter, it was a post made on here or ADVFN. I haven’t seen it in the broadsheets, but this share price is well and truly dead at the moment, which may suggest the city knows something.
Gary 59, I hope your inane and pointless post wasn’t aimed at me! I’m not a trader.
I do trade stocks, but let’s ask you a question… how many XD days has MNG dropped more than the divi, do you analyse?
You say every trader, that’s a silly comment too. Where are you getting your facts? It seems you enjoy making baseless facts, backed up by nothing!
GLA
Hi Sean how much is the exposure to Thames Water - I haven't seen that anywhere. I thought this was safer than PHNX but perhaps not. Thanks
I have received an email telling me that &me customers are to be transferred from the &me app to a Moneyfarm app in mid July.
I assume this is due to a lack of volume for the M&G banded version…and will save some costs.
Others have tried and failed so better to get out early and simplify the MNG businesses.
Those with significant debt to roll over (most of the established FTSE).
Those yet to reach profitability whose future growth will be discounted less. (AI / Tech / Bio)
PE type operators.
Smaller companies as will be seen as less risky.
Those who benefit from marginal consumer spending (eg pubs if mortgage rates fall), house builders and asset managers whose asset banks are worth more.
Then there are some that may not benefit much because they are unloved (banks). Old industries/Non ESG (eg tobacco, alcohol)
A case to be made for most areas to do better under lower interest rates - as expected.
New inflation data will show another drop on Wednesday and there’ll be even more speculation of an interest rate fall this summer. My prediction: 2.09 by Friday close.